The market for Sludge Treatment Chemicals Market is expected to reach USD$ 6.21 Bn in 2027.
The global sludge treatment chemicals market is growing proficiently, projected to grow at a CAGR of 5.1% during the expected period from 2019 to 2027, starting from US$ 6.21 Bn in 2018.
Coagulants and flocculants segments remain dominant, with a significant share, accounting for around 50% of the global sludge treatment chemicals market in 2019. Additionally, coagulants are used for lime softening, solid removal, solid dewatering, water clarification, and sludge thickening. Moreover, the cost value associated with coagulants enhances the ultimatum for coagulants in sludge treatment practices. Therefore, the above-mentioned factors are likely to drive the market for sludge treatment chemicals during the forecast period 2019-2027.
Increasing environmental awareness coupled with more stringent regulatory standards for sludge treatment has urged the need for appropriate wastewater treatment technologies across industries. Moreover, the ease of a simple and effective process makes coagulation and flocculation widely used across sludge treatment plants, thereby expanding the market revenue for chemicals across the globe. Coagulation-flocculation is a chemical process that utilizes expanded shale as a low-cost additive in order to improve the treatment efficiency of conventional ferric sulfate systems. Additionally, the 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.
The resurgence of the oil & gas exploration market will concurrently help to fuel the growth in wastewater treatment and industrial water, thereby expanding the market by 2019. Additionally, in North America, the expenditure for the industrial water market is 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. In addition, however, the 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, sensors, and remote operation will integrate smart water meters, further expanding 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, including food and other waste, and accounts for approximately 19% of waste streamlining. In addition, wastewater treatment plants can enhance the energy efficiency of their core equipment by using variable frequency devices, employing the right sizing impellers, and automating 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.
This study report represents an analysis of each segment from 2017 to 2027, considering 2018 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2019 to 2027Segmentation.
The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints, and opportunities to understand the overall sludge treatment chemicals market better. The global report also represents the competitive landscape based on market initiatives and strategies, product portfolio, and business strengths.
The market for Sludge Treatment Chemicals Market is expected to reach USD$ 6.21 Bn in 2027.
The Sludge Treatment Chemicals Market is expected to see significant CAGR growth over the coming years, at 5.1%.
The report is forecasted from 2019 -2027.
The base year of this report is 2018.
Ashland Global Holdings Inc.,BASF SE,Kemira Oyj,Aries Chemical, Inc.,Akzo Nobel NV,General Electric Company,AMCON Distributing Co,Ecolab Inc.. are some of the major players in the global market.