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The Global Flocculant and Coagulant Market was evaluated at US$ XX Bn in 2019 and is anticipated to exhibit a CAGR of 5.5% to reach the market value of US$ 6.87 Bn till 2028.
Flocculants and coagulants are the chemicals used in water treatment. They are utilized for separating solids from water. Flocculants are matters that support the clustering of particles which improve the capacity of a wastewater treatment procedure, while coagulants are elements that offset electrical charges present in water and aggregate liquefied pollutants to form bigger particles that can be eliminated by clarification, purification, filtration, or any other solid extraction method.
Increasing demand for the chemicals in the municipal water treatment and growing populace along with industrial development are the major factors driving the market growth.
The principal factor that is accelerating the flocculant and coagulant market are the increasing need for the chemicals in the municipal water treatment. This is due to the rising requirement for flocculant and coagulant chemicals from growing chemical industries and high industrial production together with the accelerated economic growth in many regions. Furthermore, the rigorous government regulation that is implemented on the environment and the water usage for the public health are also driving the growth of the market.
The increase in the population accompanied by growing rate of industrial development has reduced the resources of the freshwater, which ultimately has forced the government of different regions to enforce stringent regulations on the water treatment. The enactment of strict rules and regulations for water treatment is further stimulating the growth of the flocculant and coagulant market. Moreover, growth in populace leads urbanization and industrial development which creates ecological complications, directly impacting the quality of the water supply. Therefore, increasing populace drives the requirement of clean water which consequently impels the flocculants and coagulants market growth.
The flocculants and coagulants market has observed a displacement from conventional products to more technically advanced products since the last decade. The conventional methods such as the application of chlorine and alum are being substituted by more technically superior processes using coagulants and flocculants in water treatment methods. This is due to their superior execution and cost-efficiency. Also due to rising concern of the application of chlorine by the ecologist, the adoption of eco-friendly commodities and services is rising. Therefore, all these advantages have emerged in improving adoption of superior coagulants and flocculants chemicals over the conventional water treatment chemicals in the market. This increased adoption of coagulants and flocculants chemicals is further accelerating the expansion of the market.
However, the increasing requisition for substitute water treatment methods, such as RO filtration and UV disinfection is a main limitation for flocculants and coagulants market development.
The pulp & paper segment will have the uppermost stake in the market over the projection period
In terms of the end-use industry, the pulp & paper subdivision of the flocculant and coagulant market is anticipated to propagate at the uppermost growth rate in the course of the assessment period. Flocculants and coagulants are a vital part of the pulp & paper industry. The usage of these chemicals helps to increase effectiveness and productivity of a production mill. Additionally, the employment of flocculants and coagulant also reduces the water cycle expense, and enhances water consumption per ton of pulp & paper manufactured. Moreover, flocculants and coagulants are also used in the treatment of wastewater released throughout the manufacturing procedures.
The Asia Pacific region is anticipated to lead the global market for the interval of the assessment period
The Asia Pacific region has the main consumption of the flocculant and coagulant chemicals. This market growth can be attributed to the developing industrial verticals in the emerging nations such as China, India, Malaysia, Vietnam, Indonesia, and South Korea. The market in Asia Pacific is estimated to perceive enormous development on account of rising need for coagulants and flocculants chemicals from increasing chemical manufacturing and high manufacturing production together with fast economic progress in this region. In addition, the flocculant and coagulant requirement in various industries such as food and beverage, metal, and oil and gas are further anticipated to drive the market growth in the region.
The flocculant and coagulant market in North America succeeded by European region are developed and anticipated to grow with a prominent progress rate for the duration of the projection period.
Key players functioning in the global flocculants and coagulants market are Feralco AB, Kurita Water Industries Ltd, SNF s.a.s., Kemira Oyj, National Aluminium Company Limited, SUEZ, Akzo Nobel N.V., Chinafloc, Ecolab Inc., Solvay SA, Evonik Industries AG, and BASF SE.
Global Flocculant and Coagulant Market, by Type
Global Flocculant and Coagulant Market, by End-Use Industry
- Water and waste water treatment
- Oil and gas
- Mineral and extraction
- Pulp and paper
- Food and Beverages
Global Flocculant and Coagulant Market, by Region
- North America
- Asia Pacific
- Latin America
- Middle East & Africa