Sludge Treatment Chemicals Market Worth $7.0 Billion by 2020
DALLAS, February 20, 2015 /PRNewswire/ --
The report "Sludge Treatment Chemicals Market by Type (Flocculants, Coagulants, Disinfectants, Others), Application (Oil & Gas, Metal Processing, Food & Beverage, Pulp & Paper, Chemicals, Electronics) and Region - Trends & Forecasts to 2020", published by MarketsandMarkets, define and segment the global industrial sludge treatment chemicals market with analysis and forecasting of the global consumption revenue.
Browse more than 74 Market Data Tables with 40 Figures spread through 189 Pagesand in-depth TOC on "Sludge Treatment Chemicals Market"
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Industrial Sludge Treatment Chemicals market is estimated to reach $7.0 billion by 2020 signifying firm annualized growth rate of 5.10% from 2015 to 2020.
North America - the biggest market for industrial sludge treatment chemicals
North America has always been a strong market for industrial sludge treatment chemicals and globally, this market has been a leader for industrial sludge treatment chemicals with respect to demand as well as production capacity. The region has the presence of most of the global leaders in sludge treatment chemicals manufacturing. Industrial sludge treatment chemicals consumption in the region is estimated to grow at a CAGR of around 4.20% from 2015 to 2020. This region has a relatively slow growth rate as a result of its dominant market size and slow economic activity as compared to the other regions. The demand in this region is boosted mainly due to the stringent regulations laid by the government bodies on disposal of industrial sludge.
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"Asia-Pacific - the fastest growing" industrial sludge treatment chemicals market"
Asia-Pacific, being the fastest growing industrial sludge treatment chemicals market globally, is estimated to grow at a CAGR of 6.00% for the next five years. Asia-Pacific is witnessing high industrial growth rate, which hints at an ever-increasing demand of industrial sludge treatment chemicals for its diverse applications. China is expected to witness strong growth in its industrial sludge treatment chemicals market due to increasing demand from chemical, food & beverage, and oil & gas industry. Personal care industry is also growing at a healthier pace in this region. China dominates the industrial sludge treatment chemicals market in Asia-Pacific region, being a major consumer and the fastest growing country in terms of industrial sludge treatment chemicals demand. Currently, a high share of industrial sludge treatment chemicals is being consumed by the personal care and food & beverage industry and the demand for industrial sludge treatment chemicals from personal care industry is expected to grow at a rapid pace in the next five years from 2015 to 2020. After China, countries, including India, Japan and other Asian countries, are showing increasing growth in demand for industrial sludge treatment chemicals. Moreover, increasing number of industrial sludge treatment chemicals manufacturers from Asian countries are putting vigorous efforts for developing a strong base of industrial sludge treatment chemicals market, with a target of reducing industrial sludge treatment chemicals imports.
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