Produced Water Treatment Market Supported by Industrial Water Reuse
In 2023, the global produced water treatment market was valued at USD 8.16 billion. It is projected to grow to USD 13.71 billion by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 7.8% from 2024 through 2030. The growth is driven by expanding oil & gas exploration worldwide. Key Market Trends & Insights North America is the leading region in this market, accounting for 42.8% of global revenue in 2023. The United States holds the largest share by revenue, thanks to increased oil & gas exploration activity, tougher environmental rules, and technological advances in treatment such as membrane filtration and desalination. By application, onshore usage dominates, contributing over 71% of global revenue in 2023. Regarding treatment methods, physical treatment (including filtration, flotation, etc.) held the biggest revenue share in 2023. However, chemical treatment is expected to deliver high growth from 2024 to 2030, owing to its effectiveness at removing a...