Press Release Description
Policy & Initiatives to Curb the Spread of PFAS Aim to Boost the Market in the US
The US PFAS Water Treatment market is projected to grow at a CAGR of around 7.5% during the forecast period of 2023-28, cites MarkNtel Advisors in their recent research report. The rising health & environmental awareness made the citizens realize the adverse effects of the bioaccumulation of PFAS. Accordingly, citizens pushed for stricter enforcement of legislation & for the introduction of new laws for industries that manufacture PFAS, such as textiles, metal, and paper.
The perennial research in the field of PFAS led to an increment in the number of chemicals in this category, broadening the adverse effects related to it. Subsequently, more & more attention has been shifted toward the removal of PFAS from the environment & water. As a result, the US government has been taking initiatives to curb the accumulation from the environment. The US government announced actions to deliver clean water (free of PFAS contamination) in 2022. The government also announced USD1 billion as grant funding to support the organizations fighting PFAS contamination. It also declared a new monitoring program that would detect this chemical in drinking water systems, even at lower levels which would then be treated for PFAS.
However, the high establishment, operational, and upgradation cost of the PFAS water treatment methods discourage the usage of the water treatment plants, restricting the market growth. However, with the flowing air of sustainability in the industry, they are preparing to adopt PFAS water treatment in their plants. The research & development has also helped in the evolution of the market with the introduction of new technologies for the removal of this chemical. The R&D is highly important as these are extremely stable compounds (due to the presence of the C-F bond). Hence, the new technologies support the market with more cost-effective & efficient ways of treatment, which lure the customers towards its installment.
Therefore, the rising health & environmental concerns, unending research & developments, and government actions against the chemical’s spread have driven the market, further elevating the revenue during the forecast period, further states the research report, "The US PFAS Water Treatment Market Analysis, 2023."
Easy integration of RO & GAC filters to Encourage Users for their Adoption
Based on Technology, the market is further bifurcated into Reverse Osmosis, Granular Activated Carbon Filters, and Ion Exchange Resins. Of them, Reverse osmosis technology has been a vastly used water treatment method as it has been a convenient way for end-users to eliminate PFAS in their drinking water supplies. Several drinking water treatment plants have been established to provide potable & mineral-rich water free of PFAS in packaged bottles. Furthermore, the growth of the packaged water industry has aided the industry. Packaged water often includes additional vitamins & minerals with water, alluring health-conscious customers. Individuals also prefer such bottles to treat health issues such as gastrointestinal diseases. Following the pandemic, there has been a significant increase in health consciousness, which has fueled the packaged water industry and, in turn, helped grow the market. Moreover, the granular activated carbon filter has also been a popular choice for water treatment owing to its easy incorporation into the water treatment facility.
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market players, including Cyclopure, Inc., Pentair, A.O. Smith, Aquasana Inc., TIGG LLC, Express Water Inc., Eloqua Water Technologies LLC, Ion Exchange, Pre Aqua Inc., Hydroviv, and others, are looking forward to strengthening their market position.
Key Questions Answered in the Research Report
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends that have shaped the industry to its current form?
- What key factors would propel and impede the industry across the country?
- How has the industry been evolving in terms of geography & product adoption?
- How has the competition shaped across the country, followed by their comparative factorial indexing?
- How have buying behavior, customer inclination, and expectations from product manufacturers evolved during 2018-28?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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