According to a new research report by Global Market Insights Inc., the Industrial Sludge Treatment Chemicals Market size is set to surpass $7.5 billion by 2024. Increasing number of manufacturing and chemical companies owing to industrial development and rising environmental concerns in these nations will further boost the market demand in the coming years.
Industrial sludge treatment chemicals market is highly driven by the rising end-user industries. Developing and developed countries have huge number of industries to support their trade and economy. Growing industrialization in these countries will lead to increasing manufacturing units which will further lead to huge waste and sludge generation. Most of the end-user industries generate and release numerous amounts of waste in the form of sludge.
Disposal of sludge in a proper manner is a very important issue as it needs proper care owing to its hazardous nature related the chemical constituents present in them. Dewatering leads to minimizing the sludge pathogen content and further enhances its properties and possible sludge usage as fertilizers. The disposal of sludge as fertilizers which are very useful for agricultural production will in turn fuel the industrial sludge treatment chemicals market demand in the next few years.
Industrial wastewater generates large amounts of sludge, which contains extracellular polymeric substances and huge biomass quantities. Extensive amount of water leads to high handling and transportation cost which makes treatment plants eat up over half of the operational budget. High costs associated with sludge treatment will result in restricted industrial sludge treatment chemicals market growth.
Browse key industry insights spread across 230 pages with 250 market data tables & 28 figures & charts from the report, “Industrial Sludge Treatment Chemicals Market By Sludge Type (Activated, Primary, Mixed), By Process Treatment (Dewatering & Drying, Conditioning & Stabilization, Thickening, Digestion), By Process Chemicals (Flocculants, Coagulants, Disinfectants), By End-user (Automotive, Oil & Gas, Metal Processing, Food & Beverages, Pulp & Paper, Personal Care & Chemicals, Electronics), Industry Analysis Report, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2017 – 2024” in detail along with the table of contents:
In the industrial sludge treatment chemicals market, activated sludge held a maximum percentage in 2016 and will exhibit growth to attain over 45% share by 2024. Primary sludge segment will grow at a significant CAGR from 2017 to 2024 to surpass USD 1.5 billion by the end of the forecast period.
Process chemicals are majorly segmented as disinfectants, coagulants, and flocculants. Coagulants will grow at moderate rate to surpass USD 2.5 billion by the end of the forecast timespan. Flocculants segment will exhibit growth at a CAGR of over 6% to capture the highest industrial sludge treatment chemicals market share by 2024.
Conditioning & stabilization process segment will display growth at a maximum CAGR in the forecast period and is said to be valued close to USD 3 billion by 2024. Dewatering & drying treatment segment is said to grow with a CAGR of over 6% in the forecast timespan to capture close to 30% of the industrial sludge treatment chemicals market share in 2024.
Food & beverages is one of the major end-user industries of the market and is likely to generate close to USD 1.5 billion by 2024. Chemicals & personal care segment will grow with the fastest CAGR in the forecast period owing to increasing grooming and hygienic practices.
North America is said to have a slightly higher share than Asia Pacific owing to the mature market in this region. In the forecast timeframe, Europe will surpass $2 billion by 2024 and will exhibit slower growth than above two regions. Asia Pacific will grow with the fastest CAGR of close to 6.5% owing to increasing manufacturing activities in this region.
Key industrial sludge treatment chemicals industry players are AkzoNobel, Veolia, Ashland, ITS Group, Hubbard-Hall, Amcon, Beckart Environmental, Kurita Water Industries, SAS Environmental Services, Ecolab, Ovivo, Suez, Kemira, Accepta and BASF to name some.
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