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Industrial Sludge Treatment Chemicals Market Analysis and Forecast to 2024 by Recent Trends, Development and Regional Growth Overview

Author : Ronak Bora | Published Date : 2019-05-16 

The size of Industrial Sludge Treatment Chemicals Market was anticipated as 4.5 billion in the year 2018 and is predicted to touch 7.5 billion till 2024, rising with a CAGR of 6% between the years 2018 to 2024 as per the research done by Global Market Insights, Inc.

Industrial sludge treatment chemicals market is highly driven by the rising end-user industries. Developing and developed countries have huge number of industries to support their trade well-being and economy. Growing industrialization in these countries will lead to increasing manufacturing units which will further lead to huge waste and sludge generation. Most of the end-user industries generate and release numerous amount of waste in the form of sludge. Increasing manufacturing and chemical industries owing to industrial development, and rising environmental concerns in these nations will further boost the industrial sludge treatment chemicals market demand in the coming years.

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Disposal of sludge in a proper manner is a very important issue as it needs proper care owing to its hazardous nature related the chemical constituents present in them. Dewatering leads to minimizing the sludge pathogen content and further enhances its properties and possible sludge usage as fertilizers. The disposal of sludge as fertilizers which are very useful to agricultural production will in turn fuel the industrial sludge treatment chemicals market demand in the next few years.

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.

Industrial Sludge Treatment Chemicals Market 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.

Apart from mainstream companies, the governments of the various countries have also taken initiatives to curb industrial as well as residential waste which is likely to have a positive influence on industrial sludge treatment chemicals market outlook. Recently, the Indian government has implemented the Swachh Bharat Abhiyan to promote cleanliness in the country. Additionally, to familiarize the mission among the masses, the Indian government has also been providing sufficient funding. In this regard, to comply with government’s initiatives, several companies across the paper, biomedical, boiler, and food sectors in India have been heavily installing wastewater treatment plants.

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Conditioning & stabilization process segment will display growth at a maximum CAGR in the forecast period and is said to be valued close to USD 3 billion by 2024. Dewatering & drying treatment segment is said to grow with a CAGR of over 6% in the forecast timespan to capture close to 30% of the industrial sludge treatment chemicals market share in 2024.

Food & beverages is one of the major end-user industries of the industrial sludge treatment chemicals market and is likely to generate close to USD 1.5 billion by 2024. Chemicals & personal care segment will grow with a fastest CAGR in the forecast period owing to increasing grooming and hygienic practices.

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.

Browse key industry insights spread across 180 pages with 250 market data tables & 13 figures & charts from the report, “Industrial Sludge Treatment Chemicals Market” in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/industrial-sludge-treatment-chemicals-market

About Global Market Insights

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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