North America Biosolids market - Segmented by Application, Form and Geography - Trends and Forecasts (2015- 2020)
The North American biosolids market is expected to grow from USD 57.85 million in 2015 to USD 71.74 million in 2020 with a cumulative annual growth rate of 4.4%. North America has the largest market share in biosolids market. Biosolids have evolved into economically viable technology in North America. The region is expected to hold onto its position as global leader in biosolids for foreseeable future. Much of the North America market share is occupied by the USA, followed by Canada and Mexico.
Wastewater treatment has become an essential process to meet the growing demand of water across the globe on account of increasing population and rapid urbanization. What we flush down the toilet and plug-holes in our house eventually requires treatment at a sewage treatment plant. Wastewater is treated when it reaches the plant, and in the process, organic matter and nutrients are removed, thereby creating solid waste. This waste is further treated to remove odour and harmful organisms, resulting in the formation of biosolids. The final quality of the biosolids produced depends on the quality of the sewage entering the treatment plant and the treatment process. Biosolids are graded according to chemical composition and the level of pathogens remaining after production. These biosolids are rich in minerals and nutrients and are increasingly used in a variety of sectors, ranging from agriculture (used in the form of soil conditioner and fertilizer) to energy production. This wide range of biosolid application is driving the North America biosolids market.
These treated sludge or biosolids have a wide range of application. Agriculture is the dominant application area of biosolids, accounting for 60% of the market as of 2015, followed by non-agriculture land application (20%) and energy recovery (20%). Crop fertilizer is the major application of biosolids in agriculture, while reclaiming mining sites are most commonly observed in the non-agricultural application. Heat generation is the major application in energy production using biosolids as fuel; accounting for 88% of the energy production usage in 2015. Commercial usage was worth USD XX.XX million as of 2015.
Market Dynamics of the North American Biosolids Market:
There are many drivers for biosolids market the major one being the stringent government emission laws which allow the wastewater (sludge) from chemical plants and factories to be treated to an acceptable level, thereby increasing the use of biosolids. Also, biosolids provide an eco-friendly way of replacing the hazardous chemical fertilizers, thus driving the market.
Technological advancements have been limited in biosolids. High capital expenditure and high operating costs have been a hurdle for the biosolids treatment market growth despite its benefits and applications across the sectors. The market is expected to witness moderate growth over the forecast period due to lack of new developments and required push from different governments across the developing countries. Commercial uses are limited and high competition in commercial fertilizer market is further hindering the growth of biosolids market.
The report if segmented on the basis of geography into USA, Canada, Mexico and the rest of North America, where-in the market share of each region is analyzed and estimates are provided for the next 5 years. Even though applications of biosolids are growing across all regions, the U.S. continues to be the major market for this segment and accounted for over 35% of the North America biosolids market in 2015. Mexico and China will witness the fastest growth in North America and Asia Pacific regions respectively, with a compound annual growth rate (CAGR) values of 12.52% and 11.15% for the forecast period. The report discusses current and the advances in the state of biosolids management practice. The report also shows that the market is currently only popular in developed economies of Europe and America, the developing countries present huge opportunity for biosolids to tap into, mainly due to their vast agricultural activities.
The key players in the biosolids market in North America are:
Wm. H. Reilly & Company
Key Deliverables in the Study:
Analysis for the North American biosolids market, with region specific assessments and competition analysis a regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the North American biosolids market on a regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions where this industry is blooming and to also identify the regions that are still untapped.
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