Future Market Insights (FMI) provides key insights into the global sludge treatment chemicals market in its latest report titled “Global Sludge Treatment Chemicals Market : Industry Analysis and Opportunity Assessment, 2022–2032”.
The global consumption of sludge treatment chemicals is estimated at 10,977,000 tons by the end of 2016 and is projected to increase at a CAGR of 4.7% during the forecast period (2022-2032).
The global market for Sludge Treatment Chemicals is expected to be worth US$14,456.8 by 2032 and will grow to a CAGR of 4.6% during the forecast period. It is estimated that North America will account for a relatively large 32% market share of the global sludge treatment chemicals market by 2016.
Demand for sludge treatment chemicals is expected to increase significantly from municipal and industrial sludges. Investments due to stringent government regulations and environmental agencies such as the Environmental Protection Agency (EPA) in North America.
Increasing public awareness and unavailability of freshwater resources are also important factors expected to drive market demand for sludge treatment chemicals. worldwide. The rapid industrialization leads to an increase in the production of industrial sludge that needs to be treated, supporting the market growth in the near future.
Get a Sample Copy of the Report @
Key market players are focusing on merger and acquisition strategies to expand their product portfolio and footprints worldwide . However, the introduction of sustainable membrane technologies and products has changed consumer demand for sludge treatment technologies with lower chemical consumption. This factor is expected to limit the growth of the Sludge Treatment Chemicals market over the forecast period.
The global sludge treatment chemicals market is segmented by product type, application, treatment, and region. On the basis of application, the global market is segmented into municipal and industrial sludge treatment chemicals.
- Based on the product type, the flocculant segment is expected to dominate the market share during the forecast period. However, the disinfectant segment is expected to grow significantly over the forecast period.
- The municipal applications segment is expected to be the top-grossing segment over the forecast period, increasing government investment in the construction of sludge treatment plants.
- On a treatment basis, primary care continues to dominate as the most attractive segment in terms of market share over the forecast period. The primary segment is expected to hold a 56.6% market share by the end of 2026.
- The tertiary treatment segment is expected to grow at a relatively high CAGR of 5.1% during the forecast period.
Depending on the region, Asia-Pacific is expected to grow at a relatively high CAGR of 6.0% over the forecast period. North America and Western Europe are expected to contribute a significant share of the global sludge treatment chemicals market revenue during the forecast period. Strict regulations regarding sludge treatment have led to long-term supply contracts.
Request for Customization @
Key Segments Covered
By Product Type
- Anti foulant
- Anti foamers
- Activated carbon
- Paper and Pulp Industry
- Food and Beverage Industry
- Oil and Gas Industry
- Metal Processing Industry
- Chemical and Fertilizer
Some of the key players identified in the global sludge treatment chemicals market are BASF SE, Chembond Chemicals Limited, GE Water and Process Technologies, Kurita Water Industries Ltd., Kemira Oyj., Thermax Ltd., Akzonobel N.V., Solenis, Veolia Water Technologies etc.
Strengthening of supply chain, particularly in regions such as APEJ and Latin America, is key focus area for players in this market. Manufacturers are focused on developing multifunctional polymers which could help in cost cutting and improved efficiency. A number of sludge treatment chemicals manufactures have been involved in strategic mergers and acquisitions to expand their customer base globally.