Sludge treatment market poised for growth
Global consumption of sludge treatment chemicals is estimated to reach a value of $10,944M by 2026.
LONDON, UK, NOVEMBER 23, 2016 -- Future Market Insights (FMI) published key insights on the global sludge treatment chemicals market in its latest report titled, Global Sludge Treatment Chemicals Market: Industry Analysis and Opportunity Assessment, 2016–2026.Global consumption of sludge treatment chemicals is estimated to reach 10,977 thousand tonnes by 2016 end and is expected to increase at a CAGR of 4.7% over the forecast period (2016-2026). The global sludge treatment chemicals market is projected to reach a value of $10,944M by 2026 end expanding at a CAGR of 4.8% during the forecast period. North America is estimated to account for relatively large market share of 32% by 2016 in the global sludge treatment chemicals market.
Demand for sludge treatment chemicals is expected to increase at a significant pace across municipal and industrial sludge treatment plants owing to the stringent regulations by the government and environmental agencies like the Environmental Protection Agency (EPA). Increasing awareness among public and lack of availability of fresh water resources are also major factors expected to drive demand for sludge treatment chemicals market worldwide. Rapid industrialization results in an increase in industrial sludge production which needs to be treated, thus supporting the market growth over near future. Major market players are focusing on mergers and acquisition strategy to expand their product portfolio and footprints worldwide. However, the introduction of membrane technology and sustainable products have changed consumer demand for sludge treatment technologies with a lower chemical consumption. This factor is expected to restrain the growth of sludge treatment chemicals market over the forecast period.
The global sludge treatment chemicals market is segmented on the basis of product type, application, treatment, and region. On the basis of application, the global market is segmented into municipal and industrial sludge treatment chemicals.
-- On the basis of product type, flocculant segment is expected to dominate the market share throughout the forecast period. However, disinfectant segment is expected to expand at a significant rate over the forecast period.
-- Municipal application segment is expected to be the largest segment in terms of revenue throughout the forecast period, due to the increasing investments by the government in establishing sludge treatment plants.
-- On the basis of treatment, primary treatment continues to dominate as the most attractive segment in terms of market share over the forecast period. The primary segment is expected to hold 56.6% of the market share by 2026 end.
-- Tertiary treatment segment is expected to expand at a relatively high CAGR of 5.1% over the forecast period.