Septic Tank Market 2024 – Market Size & Segments Analysis, Industry Trends, Manufacturers Analysis, Opportunities and Forecast 2034
Page: 215 | Report Code: CM240607 | Research Suite: Report (PDF) & Market Data (Excel)
The septic tank is watertight bodied container or
underground chamber that partially treats raw sewage. It's mainly made-up of
concrete, fiberglass or polyethylene and it is built inside a small dug. It
works by holding wastewater long enough for solids to settle the bottom and
form sludge, while the lighter solids and oils float on the top as a scum. The
septic tank compartment system has relatively a simple design normally a
T-shaped outlet, that prevents the sludge and scum from leaving the tank and travels
into the drain field area.
MARKET
OVERVIEW
The market valuation of septic tank market was valued at approximately USD 5.5 billion in 2023 and is projected to reach USD 9.3 billion in 2034 exhibiting a CAGR of 5.5% during the forecast period of 2024-2034. Septic tank plays a crucial part in the wastewater management system. The market is aligned with diverse sectors, which makes it a sustainable and growing market.
GROWTH
DRIVERS
The rapid urbanization and population growth leads to increase in construction of residential and commercial properties, which requires efficient wastewater management systems, boosting the demand of the market. According to a 2018 United Nations (UN) data set, the world's population is expected to increase by 2.5 billion people by 2050, with 68% of that population living in urban areas. This is due to urbanization, the gradual shift of people from rural to urban areas, and the overall growth of the world's population. Moreover, according to WHO, more than 55% of the world's population lives in the urban areas. The growing environmental concerns with the need for suitable management solutions drives the adoption of the market.
According to US EPA, the use of decentralized systems reduces the risk of disease transmission and human exposure to pathogens, which can occur through drinking water, surface water, and shellfish bed contamination. It removes pollution from surface water, recharges groundwater, and replenishes aquifers, more than 60 million people in the nation are served by septic systems and one-third of all new development is served by septic or other decentralized treatment systems. The strict government regulations for wastewater treatment and disposal mandates the property owners to install septic tanks that complies with environmental standards. According to the US EPA, guidelines for the Management of Onsite/Decentralized Wastewater Systems includes system inventory and awareness of maintenance need, management through maintenance contract and more.
The booming construction industry, mainly in developing countries, is one
major drivers of the market as new residential, commercial and industrial
buildings requires effective sewage treatment solutions. According to Oxford
Economics, the construction work done up from USD 9.7 trillion in 2022 to USD
13.9 trillion in 2037, mostly driven by superpower construction markets China,
the US, and India. The investments in infrastructure developments including
sanitation and wastewater management systems, propels the demand of the market.
According to the World Bank, the infrastructure investment in low- and
middle-income countries rebounded in 2022, with private participation in
infrastructure (PPI) commitments reaching USD 91.7 billion across 263 projects,
a 23% increase from 2021.The World Bank works to increase infrastructure
investment to support sustainable projects that benefit people, the economy,
and the environment. In fiscal 2023, the World Bank provided USD 12.8 billion
to support infrastructure spending in developing countries.
MARKET
SEGMENTATION:
·
By Material Type – Concrete
septic tanks, Plastic septic tanks, Fiberglass septic tanks and others (steel,
polyethylene, etc.)
·
By Application-
Household, Agriculture (farms, ranches, etc.) and Others (schools, hospitals,
government buildings, etc.)
·
By Distribution -
Direct sales, Distributor sales and Online sales
·
By Capacity- Below
1,000 gallons, Between 1,000 to 3,000 gallons, above 3,000 gallons
·
By Installation Method-
In-ground septic tanks and Above-ground septic tanks
·
By End-User- Residential,
Commercial and Industrial
·
By Region- North America,
Europe, Asia Pacific, The Middle East and Africa, South America
Septic
Tank Market Segment By Material Type Review:
The concrete septic tanks are one of the commonly used types because of the durability and long lifespan. They made from a mixture of cement, sand and gravel, which is poured into molds to create in the tank structure. The concrete septic tanks are highly durable and can last for decades with proper maintenance. They are very less susceptible to damage from environmental factors like soil pressure and root intrusion. It is widely used in residential and commercial properties because of their large capacity and structural integrity.
The plastic septic tanks are made from polyethylene or
other plastics. They are lightweight, easy to install and resistance to
corrosion. The lightweight nature makes them easier and cheaper to transport and
easy to install compared to concrete tanks. The plastic properties like
resistance to rust and corrosion ensures a longer lifespan in corrosive
environments. It is widely used in residential settings and are ideal temporary
setups. The fiberglass septic tanks are made from reinforced plastic fibres, it
provides a strong lightweight and durable option. The fiberglass tanks are
highly durable and resistance to cracking, corrosion and chemical change. Its
lightweight properties makes it is easier to
transport and install compared to concrete tanks. It is ideal for areas with
corrosive soils or where groundwater contamination is a big concern.
Septic
Tank Market Segment By Application Review:
The set. Three times for household use are crucial for managing wastewater and residential properties that are not connected to a centralized sewage system. They serve single family homes, multifamily units and even small residential communities. In agricultural settings, these tanks handles wastewater from residential buildings, animal housing, and other farm operations.
The effective wastewater management
especially prevent contamination of soil and wastewater resources. It is also
utilized in processing facilities, dairies and other farm related structures
that generates wastewater. The septic tanks are also utilized in institutional
and public settings for managing wastewater in facilities that are not
connected to municipal sewage systems which includes schools, hospitals,
government buildings and other public institutions.
Septic
Tank Market Segment By Distribution Review:
The direct method involves manufacturers selling septic tanks directly to the end users or contractors without any middleman. This method allows manufacturers to have direct control over the sales process and build closer relationships with the customer. The builders and homeowners purchase septic tanks directly from new construction or renovation projects. In the agriculture operations the farmers buy septic tank directly for installation on farms and ranches. The public institutions like schools, hospitals and government buildings procure these septic tanks for wastewater management needs.
The distributor sales involves manufacturers selling septic tanks through
middlemen like wholesalers, retailers and specialized distributors. These
distributors purchase products in bulk and resell them to end users., making up
their profit margin. The company, specializing in construction and agricultural
equipment, distributes septic tanks to contractors and farmers. The home
improvement stores and specialized plumbing retailer stocks these septic tanks
for residential customers. The online sales involves
selling septic tanks through ecommerce platforms or manufacturer websites,
where this distribution channel leverages the reach and convenience of the
internet to connect with the customers directly.
Septic
Tank Market Segment By Capacity Type Review:
The below 1,000 gallons segment septic tanks are mainly used for small scale applications, these tanks are suitable for small households or properties with low wastewater generation. It is commonly used in vacation homes or cabins where occupancy is at intervals and wastewater production is very minimal. It is suitable for temporary installations like construction site offices or small event venues.
The between 1,000 to 3,000 gallons segment
septic segments are commonly used in versatile septic tanks. They cater to a
wide range of residential like medium to large family homes and commercial
applications like small businesses, restaurants and retail establishments. The
above 3,000 gallons segment septic tanks are utilized among large-scale or high
demand applications. These tanks are suitable for larger properties, multifamily
residences, on commercial or industrial sites where wastewater production is
very high.
Septic
Tank Market Segment By Installation Method Review:
The in-ground septic tanks are stalled below the surface of the ground. These are the most traditional and common type of septic tanks, typically made from concrete. It is used in areas without access to centralized sewer systems, providing a decentralized wastewater treatment solution. These tanks being underground do not affect the landscape aesthetics and are hidden from the view.
The above-ground septic tanks are installed on the surface of
the ground or partially buried, depending on the site conditions. These tanks provides flexibility and ease of installation as
compared to in-ground septic tanks. It is ideal for temporary or portable
setups like construction sites, event venues or remote locations. It is
effective in areas that are prone to flooding as they are less likely to be
affected by rising ground water.
Septic
Tank Market Segment By End User Review:
In the residential settings these tanks are installed in homes, particularly in areas not connected to municipal sewer systems. These systems are essential for managing household water wastewater in single family homes like and multifamily units like apartments, complexes or community. In the commercial settings, these septic tanks are used in various business establishments, including restaurants, hotels, shopping centers, retails like shopping malls and office buildings.
These systems are designed to handle
higher volumes of wastewater compared to residential. The industrial septic
tanks are designed for factories, manufacturing plants, and other industrial
facilities that produces large volume wastewater. These systems are engineered
to handle not only sanitary waste but also various industrial effluents.
Septic
Tank Market Regional Analysis:
North America is a valuable market driven by the factors like strict environmental regulations like the US EPA, leading to demand of efficient septic systems protect groundwater and public health. The USDA offers incentives, loans and grants for the installation and improvement of septic systems in rural area. Europe is another valuable market due to factors like strict EU regulations like the European Union's Water framework directives that sets high standards for water and wastewater managements.
Asia Pacific is a rapidly growing market driven by the factors like rapid urbanization, industrialization and developments coupled with very huge and growing population in countries like China, India and more, leads to demand of the market. The Middle East and Africa is a growing market is driven by infrastructure development in GCC countries and water scarcity in this region, for the same it requires efficient water use and wastewater recycling. South America is a promising market driven by the factors like urbanizations and expansion of industries.
Key
Challenges:
The installation and maintenance of septic tank are subject
to strict regulations which may vary significantly by region and country. The
ensurance with the compliance with diverse and often strict regulations may be
complex and costly for the manufacturers and users. The noncompliance may
result in fines, legal actions and the necessity for expensive upgrades or
replacements. The significant initial cost for installing a septic tank may be
prohibitive for many homeowners and small businesses coupled with regular
maintenance which is a crucial part to ensure effective functioning of septic
tanks. These significant investments may hinder the growth and adoption of the
market.
Competitive
Landscape:
In the highly competitive septic tank market, companies are
investing heavily in research and development to innovate and improve the
product and services. They are also collaborating, forming strategi
partnerships, or acquiring other companies to gain access to new market
segments, enhance distribution networks, and increase market share. Recent
developments includes – Kingspan Group acquired
Ondura Group, in September 2022. Orenco systems launched AdvanTex AX-RT
Recirculation Textile fibers, in March 2022. Premier Tech Aqua launched
BioKube, in January 2021. Bio-Microbics, Inc. launched the FAST Systems with
BioBarrier MBR, an advanced, decentralized wastewater treatment system, in
January 2022.
Global
Key Players:
·
Infiltrator Water Technologies
·
Premier Tech Aqua
·
Wastewater Depot
·
Denali Incorporated
·
Zhejiang Shentong Valve Co., Ltd.
·
AK Industries
·
Roth Global Plastics
·
Jindal Poly Films Limited
·
Premier Plastics Inc.
·
Snyder Industries Inc.
· Other Players
Attributes |
Details |
Base Year |
2023 |
Trend Period |
2024 – 2034 |
Forecast Period |
2024 – 2034 |
Pages |
215 |
By Material Type |
Concrete septic tanks, Plastic septic
tanks, Fiberglass septic tanks and others (steel, polyethylene, etc.) |
By Application |
Household, Agriculture (farms,
ranches, etc.) and Others (schools, hospitals, government buildings, etc.) |
By Distribution |
Direct sales, Distributor sales and
Online sales |
By Capacity |
Below 1,000 gallons, Between 1,000 to
3,000 gallons, above 3,000 gallons |
By Installation Method |
In-ground septic tanks and Above-ground
septic tanks |
By End-User |
Residential, Commercial and
Industrial |
By region |
North America, Europe,
Asia Pacific, the Middle East and Africa, and South America |
Company Profiles |
Infiltrator Water
Technologies, Premier Tech Aqua, Wastewater Depot, Denali Incorporated, Zhejiang
Shentong Valve Co., Ltd., AK Industries, Roth Global Plastics, Jindal Poly
Films Limited, Premier Plastics Inc., Snyder Industries Inc., Other Players |
Edition |
1st edition |
Publication |
June 2024 |