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Industrial Sludge Treatment Chemicals Market Size 2019-2024 Expected Developments to be observed worldwide

Author : Ronak Bora | Published Date : 2019-05-30 

Industrial Sludge Treatment Chemicals Market size is slated to witness considerable growth prospects in the forthcoming years, pertaining to the increasing demand to normalize the effect of wastewater. Most of the companies across the automotive, chemical, food & beverages, manufacturing, and paper & pulp sectors have been implementing wastewater and sludge treatment plants on large scale, subject to the maintenance of environment safety. Companies such as Mitsubishi Hitachi Power Systems, for instance, have been continuously involved in the deployment of waste water treatment plants, in order to reduce industrial sludge. In addition, companies have also been investing heavily in research and development activities to deploy newer methods of wastewater treatment. The dedicated involvement of companies with regards to water treatment technologies will boost industrial sludge treatment chemicals industry share over 2017-2024. In fact, as per statistics, industrial sludge treatment chemicals market size was pegged at a revenue of USD 4.5 billion in 2016.

Industrial wastewater generates large amounts of sludge, which contains extracellular polymeric substances and huge biomass quantities. Extensive amount of water leads to high handling and transportation cost which makes treatment plants eat up over half of the operational budget. High costs associated with sludge treatment will result in a restricted industrial sludge treatment chemicals market growth.

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In the industrial sludge treatment chemicals market, activated sludge held a maximum portion in 2016 and will exhibit growth to attain over 45% share by 2024. Primary sludge segment will raise at a significant CAGR from 2017 to 2024 to surpass USD 1.5 billion by the end of the forecast period.

Process chemicals are majorly segmented as disinfectants, coagulants, and flocculants. Coagulants will grow at moderate rate to surpass USD 2.5 billion by the end of the forecast timespan. Flocculants segment will exhibit growth at a CAGR of over 6% to capture the highest industrial sludge treatment chemicals market share by 2024.

A rather pivotal niche vertical, the personal care and chemicals sector is tagged as one of the most lucrative application arenas of industrial sludge treatment chemicals market. The personal care sector alone, as per reliable estimates, currently amounts to more than USD 90 billion. As the trends of beauty and body care have been gaining mainstream prominence, chemical companies have been going the whole hog to develop ingredients that are necessary for manufacturing personal care products. In an effort to keep pace with the expanding personal care sector, firms operating in the chemical realm have also been striving to achieve high quality in product development, in the course of which they have been experimenting with numerous tried-and-tested as well as novel formulations, leading to the accumulation of substantial industrial waste. In order to successfully eliminate the waste, chemical factories often have an attached waste treatment facility on the brink of the production site, prompting the necessity of sludge management strategies, which in turn would provide a slew of opportunities for industrial sludge treatment chemicals market giants.

According to a recently compiled report, industrial sludge treatment chemicals industry share, driven by an impressive rise in the usage of grooming products, is expected to register a CAGR of more than 6.5% over 2017-2024. Not to mention, the rising demand for luxury personal care brands will drive the sales for skin care & hair care products, fragrances, toiletries, and anti-aging products across myriad geographies. Supported by a favorable regulatory framework with regards to chemical waste management, industrial sludge treatment chemicals industry size from the personal care sector is likely to soar high in the years to come.

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North America is said to have a slightly higher share than Asia Pacific owing to the mature industrial sludge treatment chemicals market in this region. In the forecast timeframe, Europe industrial sludge treatment chemicals market will surpass USD 2 billion by 2024 and will exhibit slower growth than above two regions. Asia Pacific will raise with a fastest CAGR of close to 6.5% owing to increasing manufacturing activities in this region.

Key industrial sludge treatment chemicals market players are AkzoNobel, Veolia, Ashland, ITS Group, Hubbard-Hall, Amcon, Beckart Environmental, Kurita Water Industries, SAS Environmental Services, Ecolab, Ovivo, Suez, Kemira, Accepta and BASF to name some.

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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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