Increasing consumption of flocculants, coagulants, disinfectants, anti foulant, and others for treating industrial and municipal waste is expected to push sales over the forecast period.
Sludge treatment chemicals are substances used in the process of treating and managing sludge, which is a semi-solid residue generated during wastewater treatment or industrial processes. These chemicals aid in the efficient and effective treatment of sludge, ensuring proper disposal or beneficial reuse.
The global sludge treatment chemicals market is projected to create an absolute dollar opportunity by exhibiting a steady CAGR of 4.6% throughout the forecast period from 2022 and 2032. The market is anticipated to be valued at around US$ 9,220.5 Million in 2022 and is further projected to reach US$ 14,456.8 Million by 2032.
Demand for waste treatment chemicals is anticipated to witness growth at a healthy CAGR of 4.6% across the projection period. The rising adoption of industrial sludge chemicals is one of the primary factors boosting sales in the market. Approximately 40% of the sludge produced globally comes from industrial sludge.
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Key Takeaways
Competitive Landscape
The key market players in the global sludge treatment chemicals market are focusing on mergers and acquisition activities leading to industry consolidation. Key players in the market reside in North America and Europe where most of the activities are undertaken.
The industry is predicted to be a fairly consolidated market and it is also expecting to consolidate new market players. Key Players – BASF SE, Chembond Chemicals Limited, GE Water and Process Technologies, Kurita Water Industries Ltd., Ion Exchange, Kemira Oyj, AkzoNobel N.V., Solenis, Thermax Ltd., Veolia Water Technologies, Accepta Advanced Environmental Technologies, Hubbard-Hall Inc, Beckart Environmental, Ecolab Incorporated
More Insights into the Sludge Treatment Chemicals Market
The U.S. is expected to dominate the North American region due to the rising investments in waste treatment, rapid industrialization, and development in the manufacturing sector. The overall sales of sludge treatment chemicals in the U.S. accounts for 23.2% of the global market.
The sludge treatment chemicals market is anticipated to witness growth in the U.S. due to its diverse industrial application in pulp and paper, food and beverages, oil & gas, automotive, and several other industries. In addition to that, the establishment of waste treatment generated from houses and commercial places in the U.S. is anticipated to bolster the demand.
According to the FMI analysis, development in the manufacturing sector and increased spending in the municipal waste treatment chemicals market are expected to portray lucrative growth opportunities in developing countries like India.
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Sludge Treatment Chemicals Market by Category
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market.
Jul 11, 2023