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 broad spectrum of contaminants (oil, metals, organic compounds, etc.) and flexibility in addressing different water quality challenges.

Market Size & Forecast

2023 market size: USD 8.16 billion.

2024 estimate: approximately USD 8.71 billion.

2030 forecast: USD 13.71 billion.

CAGR (2024-2030): 7.8%.

Among regions, North America remains the largest market in 2023.

Central & South America is expected to be the fastest-growing region.

Growth is supported by rising demand for crude oil and natural gas, which is in turn driven by urbanization and population growth. To satisfy energy requirements and close supply gaps, many nations are increasing onshore and offshore oil & gas exploration. Produced water is generated in large quantities in these operations and needs treatment to remove oil, sediments, heavy metals, salts, hydrocarbons, and organics.

Regulatory pressures are tightening globally: for example, in the U.S., environmental rules limit oil content in water discharged to the sea to no more than 15 mg/L. Environmental concerns, water scarcity, and climate change are further motivating adoption of treatment systems both onshore and offshore. Various countries are launching new drilling programs (e.g. India’s plan for wells in Assam and Arunachal Pradesh) or committing to offshore developments (like operations in Guyana, Egypt, and Nigeria), all adding to demand for produced water treatment.

Order a free sample PDF of the Produced Water Treatment Market Intelligence Study, published by Grand View Research.

Key Companies & Market Share Insight

The market is moderately concentrated and marked by rapid innovation. Major players are investing in product development, upgrading treatment technologies, geographical expansion, mergers and partnerships to stay competitive. Regulatory compliance and demands for energy-efficient, cost-effective, and environmentally friendly solutions are pushing firms toward developing advanced physical, chemical and membrane-based treatment technologies.

Leading Companies

Below is a list of prominent firms that hold substantial market share and influence overall trends in produced water treatment:

Weatherford International

Halliburton Company

NOV

Enviro-Tech Systems

Baker Hughes

Mineral Technologies, Inc.

TechnipFMC plc

Alderley plc

CETCO

Ovivo

Veolia Environnement S.A.

Schlumberger Limited

Cannon Artes S.p.A.