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Global Sludge Treatment Chemicals Market Size |
Sludge treatment chemicals are being increasingly utilized in wastewater
treatment plants to treat sludge generated from industrial and municipal
wastewater. Sludge treatment chemicals aid in improving the dewatering process
of sludge and reduce moisture content in sludge. This helps reduce volume of sludge,
making transportation and disposal easier.
The global
Sludge Treatment Chemicals Market is estimated to be valued at US$ 9561.7 Mn in 2023 and is expected to exhibit a CAGR of 4.7% over the forecast period
2023 to 2030, as highlighted in a new report published by Coherent Market
Insights.
Market key trends:
Increased wastewater generated from various industries such as power, oil &
gas, pharmaceutical, and food & beverages has been a major factor
augmenting the growth of sludge treatment chemicals market. According to a
study, around 1,636 billion liters of industrial wastewater is generated
globally per day. Sludge treatment chemicals play a vital role in conditioning
and dewatering this large volume of sludge produced during wastewater treatment.
Rising industrialization along with stringent wastewater disposal regulations
has prompted industries to invest heavily in sludge treatment, thereby
propelling the demand for sludge treatment chemicals over the forecast period.
Segment Analysis
The global sludge treatment chemicals market is segmented by type into
coagulants, flocculants, disinfectants and others. The coagulants segment
dominated the market in 2022, accounting for around 35% of the global market
share. Coagulants are widely being used for sludge treatment as they aid in
reducing the charges between particles present in sludge which leads to the
formation of larger and denser flocs from smaller particles. This helps in
smoother dewatering and improved sludge handling.
Key Takeaways
Global
Sludge Treatment Chemicals Market Size is expected to witness high
growth over the forecast period 2023 to 2030. The global Sludge Treatment
Chemicals Market is estimated to be valued at US$ 9561.7 Mn in 2023 and is
expected to exhibit a CAGR of 4.7% over
the forecast period 2023 to 2030.
Regional
analysis shows that Asia Pacific region is currently dominating the market and
is expected to continue its dominance owing to rapid industrialization and
urbanization. Japan, China and India are some of the fastest growing countries
in the Asia Pacific region. China alone accounts for over 30% of the global
sludge treatment chemicals demand due to strong industrial base, population and
strict environmental regulations regarding sludge handling and disposal.
Key players operating in the sludge treatment chemicals market are BASF, Suez,
Chembond Chemicals Limited, GE Water and Process Technologies, Kurita Water
Industries Ltd., AkzoNobel, Thermax Ltd., Aries Chemical, Veolia, Ecolab Inc.
Key players operating in the Sludge Treatment Chemicals market are focusing on
capacity expansions and new product launches catering to regions with high
growth potential like Asia Pacific and South America regions. Recently, Evoqua
Water Technologies announced the expansion of its sludge dewatering product
line with new thicker centrifuge technologies for improved performance in
sludge processing applications.
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