Market Size of Industrial Sludge Treatment Chemicals Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 5.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | High |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Industrial Sludge Treatment Chemicals Market Analysis
The market for industrial sludge treatment chemicals is expected to register a CAGR of over 5% during the forecast period. The major factor driving the growth of the market is the high demand for activated sludge from various end-user industries. Stringent regulations by the government to curb the waste-water disposal, and thus harmful chemicals, are also propelling the growth of the market studied. Ongoing COVID-19 outbreak is predicted to hamper the market development in the coming years.
- The activated sludge segment is expected to grow during the forecast period, due to its consumption in municipal water treatment and various other end-user industries, owing to its high efficiency.
- The Asia-Pacific region dominated the industrial sludge treatment chemicals market across the world during the forecast timeframe.