Sludge Treatment chemicals are used for conditioning sewage sludge by modifying its physical and chemical properties. Sludge Treatment chemicals improve the dewatering process by reducing the water content in sludge through chemical coagulation and flocculation. This helps in reducing the volume of sludge and makes it easier to transport and dispose of.
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 2023-2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
Increased production of sludge from industrial wastewater treatment is one of the major factors driving the growth of the Sludge Treatment Chemicals Market. Industries such as food & beverage, pharmaceutical, and oil & gas generate large volumes of sludge during wastewater treatment that needs proper treatment and disposal. The use of sludge treatment chemicals helps dewater the sludge efficiently and reduce its volume by 60-70% through products such as coagulants, flocculants, and other specialty chemicals. This has significantly boosted the sales volume of sludge treatment chemicals in recent years. Moreover, stringent wastewater discharge regulations in countries are also leading industrial plants to invest more in improving their sludge treatment processes, thus propelling the demand for Sludge Treatment Chemicals.
Segment Analysis
The global sludge treatment chemicals market is dominated by coagulants and flocculants sub-segment. Coagulants and flocculants chemicals are widely used in sludge treatment as they help in removing suspended solids from wastewater by clumping impurities and contaminants together. Their application helps in separating and removing solid materials from liquid effluents. This enables efficient sludge treatment and recycling of water. Hence, the coagulants and flocculants sub-segment accounts for over 35% share in the global market owing to its effective treatment of sludge.
Key Takeaways
The global Sludge Treatment Chemicals Market Growth is expected to witness high growth. 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 2023-2030.
The Asia Pacific region is dominating the market currently owing to growing concerns regarding sustainable sludge management and stringent wastewater disposal regulations in countries like China, India, Japan and Southeast Asian nations. Rapid industrialization and urbanization are also driving the market in the region. Moreover, growing awareness amongst individuals and industries regarding safe sludge disposal in Asia Pacific will continue to boost the regional market.
Key players related content comprises
Key players operating in the sludge treatment chemicals market are BASF SEChembond Chemicals LimitedGE Water and Process TechnologiesKurita Water Industries Ltd.Ion ExchangeKemira OyjAkzoNobel N.V.SolenisThermax Ltd.Veolia Water TechnologiesAccepta Advanced Environmental TechnologiesHubbard-Hall IncBeckart EnvironmentalEcolab Incorporated. These players are focusing on new product development and expansion strategies to gain a competitive edge in the market.
For more insights, read- https://www.ukwebwire.com/sludge-treatment-chemicals-market-trends-size-and-share-analysis/
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