Abstract

The increase in heavy metal contamination has led to an increase in studies investigating alternative sustainable ways to treat heavy metals. Nanotechnology has been shown to be an environmentally friendly technology for treating heavy metals and other contaminants from contaminated water. However, this technology is not widely used in wastewater treatment plants (WWTPs) due to high operational costs. The increasing interest in reducing costs by applying nanotechnology in wastewater treatment has resulted in an increase in studies investigating sustainable ways of producing nanoparticles. Certain researchers have suggested that sustainable and cheap raw materials must be used for the production of cheaper nanoparticles. This has led to an increase in studies investigating the production of nanoparticles from plant materials. Additionally, production of nanoparticles through biological methods has also been recognized as a promising, cost-effective method of producing nanoparticles. Some studies have shown that the recycling of nanoparticles can potentially reduce the costs of using freshly produced nanoparticles. This review evaluates the economic impact of these new developments on nanotechnology in wastewater treatment. An in-depth market assessment of nanoparticle application and the economic feasibility of nanoparticle applications in WWTPs is presented. Moreover, the challenges and opportunities of using nanoparticles for heavy metal removal are also discussed.

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