Produced Water Treatment to Reach $ 13 Billion by 2024
Rising investments in exploration and production of offshore oil & gas to drive global produced water treatment market through 2024 According to TechSci Research report, “ Global Produced Water Treatment Market By Source, By Service, By Application, By Region, Competition, Forecast & Opportunities, 2024 ” , the global produced water treatment market is projected to cross $ 13 billion by 2024 owing to the continuous expansion of the global oil & gas industry. Additionally, growing usable water scarcity, stringent government regulations, especially in developing countries along with increasing demand for enhanced water treatment solutions, is further expected to fuel the market over the next five years. According to the Energy Information Administration (EIA), the global oil consumption is expected to increase through the forecast period due to newly completed petrochemical plants in the United States, China and Russia that use liquefied petroleum gases. Howe...