Europe Industrial Sludge Treatment Chemicals Market to witness a significant growth over 2017-2024, driven by surging technological innovations and a stringent regulatory frame of reference
Industrial Sludge Treatment Chemicals Market is slated to witness considerable growth prospects in the forthcoming years, pertaining to the increasing demand to normalize the effect of wastewater. Most of the companies across the automotive, chemical, food & beverages, manufacturing, and paper & pulp sectors have been implementing wastewater and sludge treatment plants on large scale, subject to the maintenance of environment safety. Companies such as Mitsubishi Hitachi Power Systems, for instance, have been continuously involved in the deployment of waste water treatment plants, in order to reduce industrial sludge. In addition, companies have also been investing heavily in research and development activities to deploy newer methods of wastewater treatment. The dedicated involvement of companies with regards to water treatment technologies will boost industrial sludge treatment chemicals industry share over 2017-2024. In fact, as per statistics, industrial sludge treatment chemicals market size was pegged at a revenue of USD 4.5 billion in 2016.
Europe Industrial Sludge Treatment Chemicals Market Size, by Sludge Type, 2013 – 2024 (USD Million)
Apart from mainstream companies, the governments of the various countries have also taken initiatives to curb industrial as well as residential waste which is likely to have a positive influence on industrial sludge treatment chemicals market outlook. Recently, the Indian government has implemented the Swachh Bharat Abhiyan to promote cleanliness in the country. Additionally, to familiarize the mission among the masses, the Indian government has also been providing sufficient funding. In this regard, to comply with government’s initiatives, several companies across the paper, biomedical, boiler, and food sectors in India have been heavily installing wastewater treatment plants. For instance, a cement manufacturing company, Mangalam Cement Limited (MCL), has recently deployed waste management practices and promoted awareness programs under the health and sanitation scheme. Favorable initiatives such as the aforementioned, undertaken by regional governments to minimize the hazardous impact of industrial as well as residential waste will thus, fuel industrial sludge treatment chemicals market.
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Member nations of the European Union, it has been observed, have implemented stringent regulations for sludge management to reduce the harmful effect of industrial wastes on the environment, thereby augmenting the regional industrial sludge treatment chemicals market trends. The European Wastewater directive is one such instance validating the aforementioned statement. Prior to its successful implementation though, in a bid to solve the environmental issues generated due to industrial wastes, the Sweden government had installed wastewater treatment plants in the early 90s. In order to comply with legislative norms, the Sweden-based companies had made substantial investments to have their own wastewater treatment plants installed, through which they achieved the reduction of a considerable discharge of industrial waste to rivers and lakes. In recent times, 95% of the sewage plants in Sweden have adopted biological and chemical processes for treating industrial wastes. Undeniably, the aforementioned incidence testifies that the robust adoption of chemical and biological-based wastewater treatment plants is certain to impel Europe industrial sludge treatment chemicals industry share over the years ahead.
Taking into account the shifting trends toward the implementation of wastewater treatment plants along with the deployment of strict regulatory norms, industrial sludge treatment chemicals market biggies have been focusing on harnessing advanced technology to develop novel products For instance, merely a few years earlier, a renowned industrial sludge treatment chemicals industry player had developed a water treatment chemical for industrial, drinking, and desalination water treatment applications by exploiting ultrafiltration membrane technology. These developments stand testimony to the fact that technological advancements are likely to prove beneficial for the growth of industrial sludge treatment chemicals industry. In effect, driven by the numerous contributions by industry players and regional governmental bodies, industrial sludge treatment chemicals market is anticipated to chart out a profitable growth path ahead.
Author Name : Sunil Hebbalkar