Septic Tanks Market

Septic Tanks Market

The global septic tanks market was valued at USD 4.6 billion in 2022 and is projected to reach USD 5.5 billion by 2027, growing at 3.5% cagr from 2022 to 2027. Residential is one of the major end-use applications of the market and offers market growth opportunities. The polymer by raw-material segment is experiencing high growth rates in emerging regions such as Asia Pacific and North America.

Attractive Opportunities in the Septic Tanks Market

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Septic Tanks Market Dynamics

Driver: Growth in the adoption of septic systems in rural areas

Rising population, urbanization, and It is often less costly for people when they treat wastewater closer to where they are collecting it. A blog by Asian Development speaks about how women are key in rural areas when it comes to sanitation. A civil society, ‘The Vietnams Women’s Union,’ conducted campaigns and promoted the use of septic tanks in villages in Vietnam. They found that people were more likely to buy through word of mouth of a neighbor or after talking with the NPO’s women volunteers; therefore, it was found that people living near them influenced them to purchase a septic tank. In addition to that the families with women making the household decisions were shown to be the ones who were more influenced and likely to install a septic tank.

Restraint: High cost of concrete septic tanks

Concrete septic tanks’ lifespan is longer compared to plastic, but lesser than steel. Steel tanks rust quickly and thus are not used now; concrete tanks cost much more during purchase and installation compared to plastic tanks. Concrete septic tanks’ longer life span and more durability make them more expensive. Concrete tanks are bulky and heavy, thus taking longer to install and requiring heavy machinery, which also costs high. It is very important to clean and maintain the septic tank, especially concrete tanks as they form cracks with time which also costs a lot which people in rural areas might be unable to afford.

Opportunities: Smart solutions for septic systems

Septic tanks have been very technologically advanced in recent times. They have many advantages which are not there in traditional tanks. There are also eco-friendly septic tanks available that prevent pollution, which can be caused by traditional tanks. Also, smart septic tanks offer more flexibility and can also withstand natural calamities such as earthquakes. Smart tanks are also compatible with most soil types. Detecting problems was not easy in traditional septic tanks, but smart septic tanks provide real-time data and help detect problems early so repair can be scheduled. There are water level monitors available for septic tanks, which can track whether the water is too high or low in septic tanks.

Challenges: High prices of raw materials for septic systems

Using good quality raw materials is important when it comes to septic tanks. Poor design and installation, along with low-quality materials, can not only decrease the life span of septic tanks but may also cause tank failure. Modernized septic tanks are usually made of concrete, steel, fiberglass, or polyethylene. Concrete tank materials can cost much more compared to polyethylene tanks.

The cost of a concrete septic tank is from USD 700 to USD 2,000; the installation is also very expensive; overall, the total cost of a concrete tank can be much higher than other raw materials.

Septic Tanks Market Ecosystem

Prominent companies in this market include well-established, financially stable manufacturers of lignosulfonates. These companies have been operating in the market for several years and possess a diversified product portfolio and strong global sales and marketing networks. Prominent companies in this market include Kingspan Group(Ireland), Advanced Drainage Systems(US), Synder Industries(US), GRAF(Germany), and Orenco Systems(US).

The conventional septic tank segment, by type, is expected to be the largest market during the forecast period

Based on type, Conventional septic tank accounted for 60.0% market, in terms of value, in 2021. This dominance is attributed to their affordability and durability, conventional septic tanks are a popular option for residential and commercial sites. In comparison to other forms of on-site wastewater treatment systems, they are often less expensive to build and maintain.

Based on application, the residential segment accounts for the largest share of the overall market

Based on application, The majority of the market share for septic tanks industry is held by the residential market, which is also the biggest market segment. This is because more people are looking for effective wastewater treatment options, which has increased demand for septic tanks in domestic properties. However, there are numerous industrial and business uses for septic tanks as well, with commercial uses being the most significant.

Asia Pacific is expected to account for the largest share of the global market during the forecast period.

Based on the region, Asia Pacific accounts for the largest share.  The demand for septic tanks is increasing in various applications in the Asia Pacific such as residential, commercial, and industrial. Asia Pacific is also one of the major exporters of wastewater treatment. China, Japan, and India hold the major share of the Asia-Pacific septic tank market.

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Septic Tanks Market Industry Players

The Septic tanks market is dominated by a few major players that have a wide regional presence. The key players in the Septic tanks industry are Kingspan Group(Ireland), Advanced Drainage systems(US), Synder Industries(US), GRAF(Germany), Orenco Systems(US), and Norwesco, Inc (US), CHEM-TAINER INDUSTRIES(US), Wieser Concrete(US), SIMOP(France), Oldcastle Infrastructure, Inc.(USA). In the last few years, the companies have adopted growth strategies such as Acquisitions and expansions to capture a larger share of the Septic tanks market.

Read More: Septic Tanks Companies

Septic Tanks Market Report Scope

This report categorizes the global septic tanks market based on type, material, size, application, and region.

Based on By Type, the septic tanks market has been segmented as follows:

• Conventional Septic Tanks
• Drip Distribution Septic Tanks
• Chambered Septic Tanks
• Others

Based on By Material, the septic tanks market has been segmented as follows:

• Concrete
• Polymer
• Fiberglass

Based on Application, the septic tanks market has been segmented as follows:

• Residential
• Commercial
• Industrial

Based on By Size, the septic tanks market has been segmented as follows:

• <1,000 liters
• 1,000 -5,000 liters
• 5,000 – 10,000 liters
• >10,000 liters

Based on the Region, the septic tanks market has been segmented as follows:

• North America
• Asia Pacific
• Europe
• Middle East & Africa  
• South America

Recent Developments

• Kingspan Group(Ireland) acquired Ondura group in september 2022 ,which is a business of a global scale focusing on waterproofing solutions with 70% of its refurbishment market.
• In September 2021 Kingspan Group (Ireland) acquired Derbigum, a Belgium-based company with having presence across Europe. It has a patented technology for collecting and recycling cut-offs and production waste, and old roofs, which are then fully recycled.
• In May 2018 GRAF(Germany) acquired Karcher, a German manufracturer of rainwater harvesting systems and wastewater treatment solutions, which expands its water storage and management products.
• In October 2016, GRAF(Germany) announced a partnership with Norwegian company Wavin, a manufracturer of plastic pipes, which focuses on providing sustainable and efficient solutions for rainwater harvesting and stormwater management.

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