Global Sludge Treatment Chemicals Market to Surpass US$ 11.34 Bn by 2031 - Coherent Market Insights
Sludge Treatment Chemicals Market, By Product Type (Flocculants (Cationic and Anionic), Coagulants (Organic and Inorganic), Disinfectants, Anti-Foulants, Anti-Foamers, and Activated Carbon), By Application (Municipal and Industrial (Paper & Pulp, Food & Beverage, Metal Processing, Chemical & Fertilizer, Automotive, and Oil & Gas)), By Treatment (Primary and Tertiary), and By Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa) is estimated to be valued at US$ 7.59 Bn in 2024 and is expected to exhibit a compound annual growth rate (CAGR) of 5.9% during the forecast period (2024 – 2031), as highlighted in a new report published by Coherent Market Insights.
Sludge is the harmful and hazardous product released during wastewater treatment. This generally consists of biological solid mass, and it needs to treat with a specific chemical such as coagulants, flocculants, and disinfectants before it gets deposited into environment. These chemicals remove and eradicate harmful pathogens, reduce odor, expel hazardous chemicals and separate and extract valuable products from sewage. Basically, sludge treatment chemicals are used to purify water before it is used or released into the environment.
Global Sludge Treatment Chemicals Market - Impact of Coronavirus (COVID-19) Pandemic
The World Health Organization (WHO) designated the illness caused by the Severe Acute Respiratory Syndrome Coronavirus 2 (SARS-CoV-2), which first appeared in Wuhan (province of Hubei, China) in the last months of 2019, as "coronavirus disease 2019" or COVID-19. This virus spreads quickly, and had a serious negative impact on the economies, social behaviors, and healthcare of every country in the world.
The COVID-19 pandemic has had a significant influence on people’s lives all globally. Every industry fought on two fronts like health and economics, and suffered this forced recession. These mitigation measures have resulted in many disruptions in the functioning of markets and supply chains for chemical inputs and products. Hence, the chemical industry growth is facing a slowdown owing to a decrease in industrial sludge treatment chemical production and acreages due to the unavailability of chemical inputs worldwide.
Global Sludge Treatment Chemicals Market: Recent Developments
- In January 2020, BASF SE, a leading global chemical company that operates through six segments: chemicals, materials, industrial solutions, surface technologies, nutrition & care, and agricultural solutions, and Solenis announced the merger of BASF SE's wet-end Paper and Water Chemicals business with Solenis. The unified entity, operating under the Solenis name, emerged as a global specialty chemical company with a strategic focus on paper and industrial water technologies. Solenis is a specialty chemicals company that provides sustainable solutions for water-intensive industries. The company offers a wide range of products, including inks, pigments, polymers, specialty plastics, compounds, and biochemicals.
Browse 24 Market Data Tables and 28 Figures spread through 150 Pages and in-depth TOC on “Global Sludge Treatment Chemicals Market”- Forecast to 2031, Global Sludge Treatment Chemicals Market, By Product Type (Flocculants (Cationic and Anionic), Coagulants (Organic and Inorganic), Disinfectants, Anti-Foulants, Anti-Foamers, and Activated Carbon), By Application (Municipal and Industrial (Paper & Pulp, Food & Beverage, Metal Processing, Chemical & Fertilizer, Automotive, and Oil & Gas)), By Treatment (Primary and Tertiary), and By Region (North America, Latin America, Europe, Asia Pacific, and Middle East & Africa)
Link: https://www.coherentmarketinsights.com/market-insight/sludge-treatment-chemicals-market-3369
Key Takeaways of the Global Sludge Treatment Chemicals Market
- Global sludge treatment chemicals market is expected to be valued at US$ 7.59 Bn in 2024 and is forecast to reach a value of US$ 34 Bn by 2031, exhibiting a CAGR of 5.9% between 2024 and 2031
- Major players operating in the global sludge treatment chemicals market include BASF SE, Chembond Chemicals Limited, GE Water and Process Technologies, Kurita Water Industries Ltd., Ion Exchange, Kemira Oyj, AkzoNobel N.V., Solenis, Thermax Ltd., and Veolia Water Technologies
- Key players operating in the global sludge treatment chemicals market are focusing on various strategies such as mergers & acquisitions in order to strengthen their market presence and expand their product portfolios
