“Rising consumer awareness towards sludge disposal coupled with increasing water conservation activities will boost the market”
The global sludge treatment chemicals market is growing proficiently, projected to grow at a CAGR of 4.5% during the expected period from 2023 to 2030, starting from US$ 7.04 Bn in 2021.
“Rising technological advancement and growing environmental concern among industries worldwide will spark market growth”
Coagulants and flocculants segments to remain dominant withholding a major share accounted for around 50% of the global sludge treatment chemicals market in 2021. Additionally, coagulants are basically used for lime softening, solid removal, solid dewatering, water clarification, and sludge thickening. Moreover, the cost value associated with coagulants is enhancing the ultimatum for coagulants in sludge treatment practices. The above-mentioned factors are likely to drive the market for sludge treatment chemicals during the forecast period 2023-2030.
Increasing environmental awareness coupled with more stringent regulatory standards for sludge treatment has urged the need for appropriate wastewater treatment technologies across the industries. Moreover, ease of simple and effective process makes the coagulation and flocculation to be widely used across sludge treatment plants, thereby expanding the market revenue for chemicals across the globe. Coagulation-flocculation is a chemical process, which utilizes expanded shale as a low-cost additive in order to improve the treatment efficiency of conventional ferric sulfate systems. Additionally, wide-scale use of advanced technological innovations like “Nanotechnology”, “Smart Monitoring”, “Intelligent Irrigations”, and “Mobile Treatment Chemicals” will drive the demand for sludge treatment chemicals across various industries. For instance, PowerTech Water showcased its new “Capacitive Coagulation” technology, designed to eliminate heavy metals from wastewater resulting in no sludge as a byproduct.
“Dominance is led by the growing industrialization coupled with the presence of global sludge treatment chemicals manufacturers”
The resurgence of the oil & gas exploration market will concurrently help to fuel the growth in wastewater treatment and industrial water, thereby expand the market by 2021. Additionally, in North America, the estimates of the expenditure for the industrial water market are projected to increase by around (6-8) % by the end of 2020. Moreover, an increase in the number of investments for research & development (R&D) activities will drive the adoption of energy-efficient, membrane-based filter solutions for treatment plants. However, rising in the number of sludge treatment plants across the region will fuel the market for sludge treatment chemicals over the forecast period.
Furthermore, the growing adoption of smart process solutions such as diagnostic software, digital monitoring, and sensors, and remote operation will integrate smart water meters, which will further expand the market growth in North America. Additionally, increased water hassle in a few areas is boosting industries to assimilate water reuse solutions. The U.S. is the second-largest country for municipal solid waste which includes food and other waste, accounts for an approximation of around 19% of waste streamline. In addition, wastewater treatment plants can enhance the energy efficiency from its core equipment by using variable frequency devices, employing right-sizing impellers, and automated energy saving. For instance, “East Bay Municipal Utility District (MBMUD)”, a wastewater treatment plant in Oakland, California is a green factory. The plant utilizes food scraps, biodegradable wastes in sewage, grease from local restaurants, and waste streams to produce fertilizers and biogas.
List of Companies Covered:
Key Industry Development:
Historical & Forecast Period
This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Sludge Treatment Chemicals market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
| ATTRIBUTE | DETAILS |
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| Research Period | 2022-2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Year | 2022 |
| Unit | USD Billion |
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Key questions answered in this report
