Industrial sludge treatment chemicals: Key market research findings
- North America dominates the market geographically
- Food and beverages account for a majority of the market’s revenue
- Key vendors – Akzo Nobel, Ashland, BASF, Dow Chemical, and Kemira
Technavio’s market research analysts predict the global industrial sludge treatment market to grow at a CAGR of more than 5% between 2016 and 2020. The market’s growth is augmented by the growing need for wastewater treatment. Industries and organizations are required to treat and recycle wastewater before discharging to stay in compliance with regulations on water use and discharge. Chemicals are preferred over physical processes on account of their easy availability. During 2015, North America accounted for almost 32% of the overall market space to become the dominant shareholder in the global industrial sludge treatment chemicals market. The high volume of consumption in the US market is expected to further fuel growth in the industrial sludge treatment chemicals market in North America during the forecast period.
The new market research report from Technavio presents a breakdown and analysis of the industrial sludge treatment chemicals based on the application.
“At present, governments from across the world are taking several initiatives to address the problem of depleting water resources. Many governments are providing funds and incentives to encourage organizations and households to invest in sludge treatment chemicals. Moreover, they are also supporting research pertaining to water treatment chemicals and processes,” says Chandrakumar Badala Jaganathan, Lead Analyst, Chemicals & Materials, Technavio Research.
The food and beverage segment was the key revenue generator in the global industrial sludge treatment chemicals market by accounting for a market share of around 20%. The food and beverage industry is investing in sludge treatment processes and equipment, such as immersed reverse osmosis and membrane bioreactor systems, to ensure compliance with stringent legislations. Industrial sludge treatment chemicals in the food and beverage industry are used for applications such as odor problem management, elimination of carbon, phosphorus, and nitrogen, fat elimination, and the production of steam and process water.
The key vendors in the global industrial sludge treatment market include Akzo Nobel, Ashland, BASF, Dow Chemical, and Kemira. Most vendors in this market are focusing on product differentiation to maintain a competitive edge over their counterparts. Traditionally, the major industries that produce sludge have been utilizing chemicals with the same type of configurations without paying attention to enhanced customization or efficiency. However, many producers are now concentrating on novel technologies or equipment as an alternative to these chemicals owing to the implementation of regulatory issues in several regions across the globe.
A more detailed analysis is available in the Technavio report, Global Industrial Sludge Treatment Chemicals Market 2016-2020.
We can customize reports by other regions and specific segments upon request.
Other related reports:
