WORLD: Green trends and regulation drive water management
The growing importance of green practices, along with increasing regulation, are encouraging the adoption of advanced water and wastewater treatment technologies in the textile and leather industries, according to new research.
Also lending momentum to the trend is a focus on reducing overall water footprint, along with the need to modernise and upgrade existing treatment facilities to fulfil strict legislation.
The new analysis from Frost & Sullivan - 'CEO 360 Perspective on the Water and Wastewater Treatment Market in the Global Textile and Leather Industry' - suggests the market earned revenues of $584.5m in 2012 - and estimates this to reach $988.2m 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, the research notes.
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."
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