Ecosciences Inc (ECEZ)

[Taco1]

Global Market Huge

Trends in septic tanks market
Growing demand for effective septic tank treatment, maintenance, and cleaning
The treatment, maintenance, and cleaning of septic tanks regularly are as important as wastewater treatment. The maintenance and cleaning of a septic tank require a specialized person that can incur huge costs. Manufacturers have come up with new solutions for easy maintenance and cleaning of septic tanks in a very cost-effective way. For instance, EcoNow offers a product named EconoW Septic Oxy-Tabs that uses OXY-TAB technology to provide oxygen and injects billions of bacteria and enzymes that help in breaking down the waste, grease, solids, and others. Usage of Oxy-Tabs can help in restoring the balance of bacteria in the septic tanks to help the system operate efficiently. Also, these products are non-hazardous, biodegradable, and non-pathogenic. Such new cost-effective solutions are expected to create a positive impact on the septic tanks market.

Increasing global population and surge in real estate worldwide
The construction industry has always been one of the top revenue-generating industries worldwide. The U.S. and China are the countries with most construction activity based on the number of new skyscrapers that are 76 in China and 10 in the U.S. as of 2018. In addition, demand for independent houses has been increasing lately due to increase in population. As a result of the increase in the number of constructions, the demand for septic tanks for the new constructions can also increase during the forecast years.