United States, Rockville, MD, June 21, 2022 (GLOBE NEWSWIRE) -- As per industry analysis by Fact.MR, a market research and competitive intelligence provider, global sales of sludge treatment chemicals are predicted to increase at a CAGR of 4.4% from 2022 to 2032.
Water is turned into sludge by several processes and is then treated for volume reduction, stability, and safe disposal. It also helps reduce the number of pathogens in the sludge, allowing for safe disposal. Innovative sludge removal technologies are expected to drive the market share of industrial sludge treatment chemicals over the forecast period.
Converting sludge into agricultural fertilizers will be a key investment opportunity for sludge treatment chemical suppliers. Sludge may contain nitrogen, potassium, and phosphorus, all of which are essential nutrients for plant growth. The processing method employs coagulants to remove 90% of the suspended small particles from wastewater. The chemical will be widely employed in wastewater treatment as both, organic and inorganic coagulants gain appeal in end-use industries.
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Increased investments in the chemical, oil & gas, and other end-user sectors, as well as the growth and expansion of these end-user verticals, will further boost the sludge treatment chemicals market. Rising industrialization, combined with a greater focus on the development of innovative sludge removal technologies, will have a direct and favorable impact on market growth.
Key Takeaways from Market Study
- The global sludge treatment chemicals market size is currently valued at US$ 5.2 billion.
- Market in Japan is anticipated to increase at a CAGR of 4.5% over the forecast period.
- APAC accounts for 28.5% share of the global sludge treatment chemicals market.
“With continuous research & innovation, key players in the market are constantly striving to produce new products. The use of treated sludge as a fertilizer in farming practices is also driving demand for sludge treatment chemicals,” says a Fact.MR analyst
Winning Strategy
Companies' business activities have expanded to encompass direct supply control, as well as product manufacturing, distribution, and application. R&D projects, product enhancement & innovation, and strategic collaborations are all priorities for top market players.
For instance,
- A green factory is a wastewater treatment plant in Oakland, California. The company uses leftover food, compostable materials in wastewater, grease from nearby eateries, and liquid waste to produce fertilizers and biogas.
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Which Region Accounts for Highest Demand for Sludge Treatment Chemicals?
“Rapid Rise in Sludge Management Activities in North America”
North America accounts for 32.6% share of the global sludge treatment chemicals market. The expansion of the sludge treatment chemicals market in North America is attributed to many sludge treatment plants, as well as enhanced sludge management activities such as the integration of biocides in fertilizers and energy generation, among other things.
Key Segments Covered in Sludge Treatment Chemicals Industry Research
- Sludge Treatment Chemicals Market by Type :
- Coagulants
- Flocculants
- Disinfectants
- Other Types
- Sludge Treatment Chemicals Market by Application :
- Personal Care & Chemicals
- Metal Processing
- Oil & Gas
- Food & Beverages
- Pulp & Paper
- Automotive
- Paints & Coatings
- Mining
- Other Applications
- Sludge Treatment Chemicals Market by Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
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More Valuable Insights on Offer
Fact.MR, in its new offering, presents an unbiased analysis of the global sludge treatment chemicals market, presenting historical demand data (2017-2021) and forecast statistics for the period of 2022-2032.
The study divulges essential insights on the market on the basis of type (coagulants, flocculants, disinfectants, and other types) and application (personal care & chemicals, metal processing, oil & gas, food & beverages, pulp & paper, automotive, paints & coatings, mining, and other applications), across five major regions (North America, Europe, Asia Pacific, Latin America, and MEA).
Fact.MR’s Domain Knowledge in Chemicals and Materials
Our chemicals and materials consulting team guides organizations at each step of their business strategy by helping you understand how the latest influencers account for operational and strategic transformation in the chemicals and materials sector. Our expertise in recognizing the challenges and trends impacting the global chemicals and materials industry provides indispensable insights and support – encasing a strategic perspective that helps you identify critical issues and devise appropriate solutions.
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