Future Market Insights (FMI) delivers key insights on the global sludge treatment chemicals market in its latest report titled, “Global Sludge Treatment Chemicals Market: Industry Analysis and Opportunity Assessment, 2022–2032”.
Global consumption of sludge treatment chemicals is estimated to be pegged at 10,977 thousand tonnes by 2016 end and is expected to increase at a CAGR of 4.7% over the forecast period (2022-2032).
The global sludge treatment chemicals market is projected to reach a value of US$ 14,456.8 Mn by 2032 end expanding at a CAGR of 4.6% during the forecast period. North America is estimated to account for relatively large market share of 32% by 2016 in the global sludge treatment chemicals market.
Demand for sludge treatment chemicals is expected to increase at a significant pace across municipal and industrial sludge treatment plants owing to the stringent regulations by the government and environmental agencies like Environmental Protection Agency (EPA) in North America.
Increasing awareness among public and lack of availability of fresh water resources are also major factors expected to drive demand for sludge treatment chemicals market worldwide. Rapid industrialization results in an increase in industrial sludge production which needs to be treated, thus supporting the market growth over near future.
Major market players are focusing on mergers and acquisition strategy to expand their product portfolio and footprints worldwide. However, the introduction of membrane technology and sustainable products have changed consumer demand for sludge treatment technologies with a lower chemical consumption. This factor is expected to restrain the growth of sludge treatment chemicals market over the forecast period.
Regional projections
On the basis of region, Asia Pacific is expected to witness a relatively high CAGR of 6.0% in terms of revenue over the forecast period. North America and Western Europe are expected to contribute significant revenue share to the global sludge treatment chemicals market throughout the forecast period. Stringent regulation pertaining to the treatment of sludge has led to long term supply agreements.
Key Segments Covered
By Product Type
- Flocculant
- Cationic
- Anionic
- Coagulant
- Organic
- Inorganic
- Disinfectant
- Anti foulant
- Anti foamers
- Activated carbon
By Application
- Industrial
- Paper and Pulp Industry
- Food and Beverage Industry
- Oil and Gas Industry
- Metal Processing Industry
- Chemical and Fertilizer
- Automotive
- Others
- Municipal
By Treatment
- Primary
- Tertiary
Vendor insights
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.
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