Rise of Global Industrial Sludge Treatment Chemicals Market
Technavio analysts forecast the global industrial sludge treatment chemicals market to grow at a CAGR of more than 5% during the forecast period, according to their latest report.
The research study covers the present scenario and growth prospects of the global industrial sludge treatment chemicals market for 2016-2020.
In addition, the report discusses the challenges faced by the vendors and the market as a whole. The report also presents the regional segmentation for each geography.
Technavio chemicals and materials analysts highlight the following three factors that are contributing to the growth of the global industrial sludge treatment chemicals market:
- Demand from developing economies
- Increase in demand for disinfectants
- Rising demand for wastewater treatment
Demand from developing economies
According to Chandrakumar Badala Jaganathan, a lead analyst at Technavio for specialty chemicals research, “Industrialization in the developing economies, including India, China, Japan, Brazil, Korea, and Indonesia in Asia, and other countries in the Middle East and Africa has increased the production of sludge.
This factor is anticipated to drive the consumption of sludge treatment chemicals during the forecast period.”
Stringent government regulations regarding the treatment of sludge in many end-user industries are likely to elevate the consumption of sludge treatment chemicals. The growth in chemical industries and the expansion of metal processing industries is a primary driver for the market growth during the forecast period.
The prominent vendors in this market are in pursuit of R&D to develop new products that are less toxic and are specialized for emerging applications. Improvements in products used to control odor and other differentiations in the products are emerging as new opportunities in the market. Furthermore, the reuse of treated sludge as an admixture or in agricultural applications, especially as a fertilizer, is expected to bode well for the market growth.
Increase in demand for disinfectants
Inadequate disposal of industrial sludge results in the contamination of land and water bodies, leading to the need for sludge and wastewater treatment, thereby driving the demand for sludge treatment chemicals. Disinfectants, which account for a significant share in the sludge treatment chemical industry, are extensively used in metal and mining, pharmaceutical, pulp and paper, and oil and gas industries to destroy microorganisms. The demand for disinfectants has grown significantly from APAC, especially Japan, India, Korea, Indonesia, and China.
The recent incidence of diseases such as Swine flu in Asia, Ebola in West Africa, and Enterovirus D68 and Chikungunya in the Americas has further boosted the demand for sludge and wastewater treatment chemicals.
Rising demand for wastewater treatment
The global water market is expected to grow at a CAGR of approximately 6% during the forecast period. The increase in demand for water treatment is driven by rapid industrialization and urbanization. Inadequate availability of fresh water resources is pitching the case for regulations on water use and discharge.
Industries and organizations are now mandated to treat and recycle wastewater before discharging it into natural waterbodies. Various physical processes such as osmosis, ultraviolet radiation, and chemicals such as peroxides and chlorine derivatives are widely employed to treat sludge and waste water. Chemicals are preferred over physical processes on account of their easy availability. Although UV treatment is equally efficient and rapidly gaining ground, the process remains relatively expensive in terms of fixed cost when compared with chemical treatment.
“Growing concerns regarding health and environment are leading to an increase in the consumption of sludge treatment chemicals. Consumers are now well aware of the harmful effects of contaminants in water and the need for sludge treatment chemicals,” says Chandrakumar.
Source: Business Wire