NEWS RELEASE March 2021
$800 Billion Water Purification and Use Market
Nearly 1% of world GDP will be directed at purifying and using water for drinking, cooling, heating, and industrial processing.
Israel, thanks to a huge investment in desalination is an example of the benefits of the investment in clean water. The use of water for industrial cooling is ten times greater than the use for drinking and other personal uses.
Ultrapure water is used in vaccines and to wash semiconductor chips. Treated municipal wastewater is used as a water source for power plants around the world.
The world’s population keeps growing while water resources are shrinking. This results in markets growing faster than GDP.
McIlvaine provides a number of reports on these markets. Click on water under “Markets” and then “water and flow” at www.mcilvainecompany.com