The sludge treatment chemicals market is anticipated to generate revenue by demonstrating a consistent CAGR of 4.6% over the forecast period of 2022–2032, according to a study by Future Market Insights (FMI).
FMI predicts that the market will be worth about US$9,220.5 million in 2022 and that it will increase to $14,456.8 million by 2032.
Between 2015 and 2021, the global sales of sludge treatment chemicals grew at a rate of about 5% per year.
Sales in the market are expected to increase due to the extensive use of sludge treatment chemicals in industrial and municipal sectors.
Reasons for growth
One of the main factors driving the market growth is the increasing use of industrial sludge chemicals.
Industrial sludge makes for around 40% of the sludge produced worldwide.
In order to limit the waste of dangerous chemicals, the industrial sector needs eco-friendly formulations, which is boosting the market for sludge treatment chemicals.
Better sludge output will be achieved across the industrial sector as a result of the growing number of industries in developing countries like Asia and the Middle East.
Over the course of the assessment year, sales of flocculants, coagulants, disinfectants, antifoulants and other chemicals are anticipated to increase due to rising usage for industrial treatments and municipal waste treatment.
Growing acceptance in India, Brazil and ASEAN industrial sectors is a significant market-driving factor for sludge treatment chemicals.
Directly disposing of rubbish in water or on land is now forbidden.
Companies are working to reduce the toxicity of industrial sludge as a result of strict regulatory requirements.
These will fuel demand together with rising municipal, industrial and other governmental and environmental organization activity and widespread awareness of water conservation.
Different guidelines for treating sewage sludge that is suitable for agricultural soils have been created by numerous countries.
Additionally, it has become obligatory for businesses to incorporate sustainable development into their corporate plans.
It is projected that North America would continue to dominate the market for sludge treatment chemicals.
Because of the industrial sector’s rapid growth and the increased attention being paid to waste treatment, South Africa is expected to have the quickest growth.
The growth will also be enhanced by the use of various multifunctional chemicals, such as copolymers of acryloyloxy-ethyl-trimethylammonium chloride (AETAC), which may perform flocculating and coagulating functions with high molecular weight.
Source: FMI
