At 6% gains, Industrial Sludge Treatment Chemicals Market to hit $7.5 billion by 2024 | Major Worldwide Companies: Ecolab, ITS Group, BASF, Veolia, Beckart, Kurita Industries, Kemira, AkzoNobel, Hubbard-Hall, Ashland, Ovivo, SAS Environmental, Accepta

The major industrial sludge treatment chemicals market end-user segments include pulp & paper, oil & gas, food & beverages, electronics, automotive, metal processing, personal care, and chemicals. The minor industries include paint & coating, textiles, and others. Among these, the personal care segment held a notable share in the industry and will also grow at a significant CAGR by 2024. The food & beverage segment valued at around USD 1.5 billion over the forecast time frame.

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Industrial Sludge Treatment Chemicals Market will surpass USD 7.5 billion by 2024; according to a new research report. Industrial expansion coupled with a rapid increase in manufacturing activities will have a significant impact on the overall industrial sludge treatment chemicals market growth by 2024. A heavy amount of sludge and waste are generated from these units and treatment chemicals are required for the same. The economic growth of developing regions resulting in a surge in chemical and mining industries will positively influence the market demand due to an extensive release of waste products from these sectors. Strict government protocols related to the sludge and excessive waste generation will spur the demand for the industrial sludge treatment chemicals market over the forecast period.

World Industrial Sludge Treatment Chemicals Market is set to grow from its current market value of $4.5 billion to more than $7.5 billion by 2024, to grow at 6% CAGR

Industry Growth drivers –
• Increasing need for sludge removal
• Growing end-user industries
• Development of new technologies for sludge removal
• Application of sludge as a fertilizer

The proper disposal of waste and sludge content is an important issue across the globe due to the presence of hazardous chemical components in it. Special handling and appropriate care are essential at the time of the disposal and treatment to make them suitable for the use in the agriculture sector in the form of fertilizers, etc. These factors will enhance the industrial sludge treatment chemicals market growth by 2024.

Excessive usage of water and the resultant high transportation and operational cost are the key restraining factors for industrial sludge treatment chemicals market growth over the forecast timeframe. Integrated production systems and technology advancements to reduce the sludge production will further hinder the market growth in the future owing to the lesser sludge produced from the industries.

Industrial sludge treatment chemicals market is segmented based on sludge type, process chemical, process treatment, end-user, and regions. The three major sludge types include mixed, activated, and primary. The minor sludge types are tertiary, humus, etc., and have been included in the others segment. Among these, activated type dominated the overall the market and in 2016, it was valued at over USD 1.5 billion.

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The four key processes are widely used in the industry, which include digestion, dewatering & drying, thickening, and conditioning & stabilization. Dewatering & drying process treatment is extensively used and held a significant share of the overall industrial sludge treatment chemicals market in 2024. This segment is likely to grow at a substantial CAGR of more than 6% by the end of the forecast period.

There are three major process chemical segments, flocculants, disinfectants, and coagulants. The minor chemicals include defoamers, activated carbon, etc. Among these, flocculants held a significant share in the overall industrial sludge treatment chemicals market and will grow at a substantial CAGR of around 6% by the end of the forecast time.

North America, led by the U.S. and Canada, is likely to hold a major chunk in the industrial sludge treatment chemicals market in future due to the developed industries in this area. Asia Pacific is likely to grow at a notable CAGR of around 6.5% in future due to the rapid expansion in regional manufacturing units.

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The prominent industry players include Ecolab, ITS Group, BASF, Veolia, Beckart, Kurita Industries, Kemira, AkzoNobel, Hubbard-Hall, Ashland, Ovivo, SAS Environmental, Accepta, and others.

Industrial sludge treatment chemicals market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2013 to 2024

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