Recent News: Sludge Treatment Chemicals Market is projected to touch $5.5 Bn Value Globally, by 2022
The global demand for sludge treatment chemicals has gained traction owing to the stringent government regulations for sludge disposal into the environment. Among these chemicals, coagulants held about two-third of the market share in 2015.
Sludge is a by-product, produced during the treatment of wastewater. Pathogens, organic matters, chemicals, and microorganisms are different constituents of the sludge. Besides, sludge also contains harmful agents, such as heavy metals, that adversely affect the environment and cause severe health issues when directly exposed.
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Therefore, sludge is to be treated before disposing into the environment. The chemicals used at different stages of this treatment are termed as sludge treatment chemicals. Industries such as food and beverage, personal care, automotive and paper and pulp are the key consumers of these chemicals due to the large production of sludge while manufacturing.
Growing industrialization, rising environmental concerns, and increasing need for sludge removal across the globe are the key factors driving the growth of the world sludge treatment chemicals market. Furthermore, increasing focus of different regulatory bodies for the reduction of sludge volume is expected to drive the market growth during the forecast period. However, factors such as high cost of sludge treatment process in conjunction with development in the water treatment process to reduce discharged sludge have hampered the market growth.
The food & beverage industry segment held the highest market share of about 19.30% in 2015 as sludge treatment chemicals are used in large quantities to treat wastewater that has high BOD (Biochemical Oxygen Demand) and COD (Chemical Oxygen Demand) content. In addition, the treatment of sludge generated by the food & beverage industry is foremost important, as BOD and COD have obligations in terms of public health and environmental issues. Further, the metal processing industry is expected to be the fastest growing application segment during the forecast period.
Key Findings of Sludge Treatment Chemicals Market
• Coagulants segment occupied highest share in 2015.
• North America would continue to lead the market throughout 2022.
• China was one of the leading consumers of the sludge treatment chemicals in the Asia-Pacific region in 2015.
• Rate of consumption of flocculants is expected to increase at highest pace in metal processing industry among all the industries.
North America and Europe collectively accounted for more than half of the total sludge treatment chemicals market, in 2015 and are expected to maintain their lead position throughout the forecast period. Huge number of wastewater treatment plants coupled with advanced sludge management programs such as usage of biocides in fertilizers and electricity generation among others are the key factors responsible for the growth of the sludge treatment chemicals market in these regions. However, Asia-Pacific is projected to be the fastest growing segment during the forecast period, due to increasing industrial activities coupled with rising environmental awareness among the consumers.
The prominent players profiled in this report include BASF SE, Kamira OYJ, Amcon Inc., GE Water & Process Technologies, Ovivo Inc., Accepta Water Treatment, Ecolab Incorporated, Kurita Water Industries Ltd., Beckart Environment, Inc., The Dow Chemical Company, Hubbard-Hall Inc.
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