(MENAFN- GlobeNewsWire - Nasdaq) NEWARK, Del, Aug. 29, 2023 (GLOBE NEWSWIRE) -- According to forecasts, the Sludge Treatment Chemicals Market is expected to be US$ 9,561.7 million in 2023 and US$ 14,456.8 million by 2033.

The need for sludge treatment chemicals is driven by increasing efforts by municipal corporations, industrial organizations, and environmental organizations toward water conservation operations.

The market is also anticipated to be caused by the expanding number of enterprises worldwide and municipal sludge treatment facilities. Moreover, growing initiatives for the supply of clean drinking water in the United States are expected to propel demand for sludge treatment chemicals during the forecast period.

The primary reasons boosting the global market are growing industrialization, rising environmental concerns, and increased need for sludge removal. The market is anticipated to increase during the projected period due to the rising attention of variregulatory authorities on reducing sludge volume.

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The high cost of sludge treatment severely constrains the market for sludge treatment chemicals. High operational costs also restrict the market rate of expansion.

Attributes	Details
Sludge Treatment Chemicals Market CAGR (2023 to 2033)	4.6%
Sludge Treatment Chemicals Market Size (2023)	US$ 9,561.7 million
Sludge Treatment Chemicals Market Size (2033)	US$ 14,456.8 million

Key Takeaways

• By 2033, the sludge treatment chemicals market in the United Kingdom is likely to expand, with a CAGR of 5.2%.
• In 2023, the United States is expected to develop the sludge treatment chemicals business with a share of 16.1%.
• The sludge treatment chemicals market grew considerably to US$ 9,220.5 million in 2022.
• The sludge treatment chemicals sector expanded at a CAGR of 3.7% from 2018 to 2022.
• By 2033, China's sludge treatment chemicals market is projected to develop with a CAGR of 4.0%.
• By 2033, India's sludge treatment chemicals industry is projected to expand with a CAGR of 4.7%.
• Japan's sludge treatment chemicals industry is likely to grow significantly, with a 7.1% share in 2023.
• Australia's sludge treatment chemicals are expected to develop with a share of 3.5% in 2023.
• Germany's sludge treatment chemicals business is expected to grow, with a share of 0.9% in 2023.
• In 2023, based on the product type, the flocculant segment is expected to dominate the market, with a share of 61.4%.
• In 2023, an industrial segment is expected to dominate the market, with a share of 45.8%, based on application.
  

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Competitors' Successful Techniques

Businesses are working to make industrial sludge less harmful, and demand for sludge treatment chemicals is anticipated to rise throughout the expected period. In the next few years, the expanding metal processing industry and the increasing chemical industry are anticipated to jointly drive the global sludge treatment chemicals market.

Recent Development:

• 2019 saw the completion of Solenis' acquisition of BASF's wet-end Paper and Water Chemicals division. It is a multinational specialty chemical company focusing on paper and commercial water treatment.
• In September 2021, Ecolab introduced Flotation 360, a product designed specifically for mining and mineral processing, under the Nawater segment.
• Kemira's new Asia Pacific research and development facility opened in Pujiang Town, Shanghai, China, in September 2021.
• Suez, a French-based water utility firm, partnered with Jiangsu Sino, a French-based water company, to build a water plant in Changshu, a city in China, in April 2022.

Top Key players in the Global Market

BASF SE

Chembond Chemicals Limited

GE Water and Process Technologies

Kurita Water Industries Ltd.

Ion Exchange

Kemira Oyj

AkzoNobel N.V.

Solenis

Thermax Ltd.

Veolia Water Technologies

Accepta Advanced Environmental Technologies

Hubbard-Hall Inc

Beckart Environmental

Ecolab Incorporated

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Key Segmentation of the Sludge Treatment Chemicals Market

By Product Type:

• Flocculant
• Coagulant
• Disinfectant
• Anti Foulant
• Anti Foamer
• Activated Carbon

By Treatment:

• Primary
• Tertiary

By Application:

• Industrial
• Municipal

By Region:

• North America
• Latin America
• East Asia
• Europe
• South Asia & Pacific
• Middle East & Africa (MEA)

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The demand of membrane chemicals market is anticipated to register a CAGR of 6.1% from 2023 to 2033 as the preference for membrane chemicals is growing since these chemicals are effective at eliminating contaminants from the water.

The global cooling water treatment chemicals market is expected to accumulate a market value of US$ 22,589.75 Million by registering a CAGR of 6% in the forecast period 2023 to 2033.

Over the forecast period, flocculant and coagulant sales are expected to grow at a CAGR of 5.5%, to be valued at US$ 11,510.5 million by 2033.

The global water treatment polymers market is projected to reach US$ 81 billion by 2033. From 2023 to 2033, the market is poised to rise at a CAGR of 6.4%.

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Future Market Insights, Inc. (ESOMAR certified, Stevie Award - recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in varisegments on the basis of Product Type, Applications, and Region over the next 10 years.

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Old Source: Sludge Treatment Chemicals Market to Reach US$ 14,456.8 Mn by 2032 Due to Rising Industrial Treatments and Municipal Waste Treatment - Future Market Insights, Inc.

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