Connect with us

Research Reports

Sludge Treatment Chemicals Market Pegged at US$ 10,944 Mn Value Pool by 2026, Halted Production Due to COVID-19 Pandemic Challenges Rapid Market Growth

Sludge Treatment Chemicals Market Pegged at US$ 10,944 Mn Value Pool by 2026, Halted Production Due to COVID-19 Pandemic Challenges Rapid Market Growth 1

Expanding efforts towards water preservation exercises by environmental associations, industrial bodies, along with municipal corporations is boosting the sales of sludge treatment chemicals. The global sludge treatment chemicals market based on value reached US$ 6,580.0 Mn during 2015, which is anticipated to reflect a CAGR of 4.8% throughout the assessment period, to touch US$ 10,944 Mn towards 2026 end.

Key Developments

The demand for sludge treatment chemicals is projected to grow at a remarkable pace across industrial and municipal sludge treatment plants as a result of the strict regulations by the environmental and government agencies such as the Environmental Protection Agency (EPA) in North America. Growing awareness amid the public and absence of freshwater resource availability is also expected to boost demand for sludge treatment chemicals market globally. Quick industrialization outcomes in a rise in industrial sludge production that necessitates being treated, hence are supporting the market development during the forecast period 2016-2026.

Download a Sample Report with Table of Contents and Figures: https://www.futuremarketinsights.com/reports/sample/rep-gb-1089

Technological developments are prepared to create processes that discover the content of nutrients in the sludge. The fertilizer made from industrial sludge is anticipated to replace agricultural synthetic fertilizers and it will boost the industrial sludge treatment chemical market growth during 2016-26.

COVID-19 Impact Analysis

Several leading market players in the industry have come forward to manufacture raw materials for safety products required for restricting the virus spread. The major market players such as INEOS, Huntsman, and Dow are ramping up the manufacturing of hand sanitizers.

Production plants are worker-dense as most of the operations cannot be executed remotely. To deal with the social distancing concerns, amid the COVID-19 pandemic, market players are carrying out staggered shifts and ascertaining a safe distance amid workers.

For any Queries Linked with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-1089

Key Takeaways of Market Study

  • Based on product type, the flocculant category accounted for 56.3% of the market share in the globally during 2016.
  • The disinfectant product type’s market share is likely to grow by 1.8x with sales anticipated to be estimated at US$ 656.4 Mn towards 2026 end.
  • In terms of application, the municipal category held the majority of market revenue share and is anticipated to record noteworthy CAGR during 2016-2026.
  • Based on treatment, the primary treatment is anticipated to dominate the market share in volume and value terms.
  • The tertiary treatment category will reflect a CAGR of 5.1% during 2016-2026.

Regional projections

The Asia Pacific regional market is likely to foresee a comparatively higher CAGR of 6.0% in revenue terms over the forecast period. Western Europe and North America are projected to add remarkable revenue share to the sludge treatment chemicals market all through the conjectured period. Stringent regulation concerning the sludge treatment has directed towards long term supply agreements.

Editorial & Advertiser disclosure
Our website provides you with information, news, press releases, Opinion and advertorials on various financial products and services. This is not to be considered as financial advice and should be considered only for information purposes. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third party websites, affiliate sales networks, and may link to our advertising partners websites. Though we are tied up with various advertising and affiliate networks, this does not affect our analysis or opinion. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you, or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish sponsored articles or links, you may consider all articles or links hosted on our site as a partner endorsed link.
Global Banking and Finance Review Awards Nominations 2021
2021 Awards now open. Click Here to Nominate

Recommended

Newsletters with Secrets & Analysis. Subscribe Now