|By PR Newswire||
|December 12, 2013 02:00 AM EST||
LONDON, Dec. 12, 2013 /PRNewswire/ -- Rising demand for textile and leather products is lending momentum to the water and wastewater treatment market in the global textile and leather industry. The growing importance of green practices and focus on reducing overall water footprint encourages the adoption of advanced treatment technologies. In addition, the need for the modernisation and upgrade of existing treatment facilities to fulfil strict legislations fuels market revenues.
New analysis from Frost & Sullivan (http://www.environmental.frost.com), CEO 360 Perspective on the Water and Wastewater Treatment Market in the Global Textile and Leather Industry, finds that the market earned revenues of $584.5 million in 2012 and estimates this to reach $988.2 million in 2020.
"The extremely fragmented nature of the market currently impedes the implementation of integrated and sustainable water management practices," said Frost & Sullivan Environmental Industry Analyst Paulina Blaszczyk. "However, the end-user market is expected to undergo rapid consolidation, which will reinforce the position of large-scale manufacturers and widen the scope for the use of water-efficient treatment technologies."
Developing regions, especially the Asia-Pacific, will witness significant growth in textile and leather production, boosting investments in the water and wastewater treatment. However, the difficulty in enforcing environmental standards could curb the true potential of the market. Additionally, water is provided at an extremely affordable price in these parts of the world, and hence, proper water and wastewater treatment is not the key focus.
"Moreover, textile and leather manufacturers in developing regions prefer traditional treatment technologies such as filtration and chemical disinfection over advanced solutions like membrane filtration, slowing overall market development," noted Blaszczyk.
In developed regions, such as North America and Europe, which are more willing to implement solutions related to advanced treatment and water-efficiency, the market share is expected to grow significantly.
"Nonetheless, providing innovative, customised and cost-effective treatment solutions that meet quality standards and reduce energy as well as chemical consumption will be crucial to sustain growth in this market," observed Blaszczyk. "Treatment solution manufacturers must also expand their service portfolio or look for strategic partnerships to broaden their offering and meet client demand for comprehensive solutions."
If you are interested in more information on this research, please send an e-mail to Chiara Carella, Corporate Communications, at [email protected], with your full contact details, company name and website, city, and country.
CEO 360 Perspective on the Water and Wastewater Treatment Market in the Global Textile and Leather Industry is part of the Environmental Growth Partnership Service program. Frost & Sullivan's related research services include: Water and Wastewater Treatment Market in Indonesia, Malaysia, the Philippines, and Thailand, European Waste Electrical and Electronics Equipment Recycling Market, and Global Water and Wastewater Filtration Systems Market, CEO 360 Degree Perspective on the Global Membrane-based Water and Wastewater Treatment Market, and Global Water and Wastewater Disinfection Systems Market. All research services included in subscriptions provide detailed market opportunities and industry trends evaluated following extensive interviews with market participants.
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SOURCE Frost & Sullivan