- Adoption of adsorption-based technology by oil companies to rise; customization of membrane bioreactors offering value-grab opportunity to firms in produced water treatment market
- Companies to leverage R&D in dissolved air floatation (DAF) technique to capture value, due to effectiveness in removal of oil & grease; Asia Pacific witnessing massive untapped avenue owing to scarcity of freshwater
WILMINGTON, Del., Oct. 4, 2022 /PRNewswire/ — A recent produced water treatment market demand analysis found that vast potential of reuse of produced water has propelled investments in development of new techniques and technologies. Of note, adsorption-based technology is gathering traction notably for use in mobile stations. The produced water treatment market is projected to advance at CAGR of 5% during forecast period of 2021-2031.
The analysts at TMR observed that several companies are leaning on customizations in membrane bioreactors to expand produced water treatment market share. Advancements in physical, chemical, and biological techniques have led to increased effectiveness of removal of total petroleum hydrocarbons, grease, oil, and soluble organics. Stridently, the commercialization of these is creating sizable revenue streams in produced water treatment market.
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Prominent companies engaged in wastewater treatments are geared toward expanding the product portfolio with…
