The Global Flocculant and Coagulant Market Poised is expected to expand due to Rising Demand from Municipal Water Treatment
Flocculants and coagulants are chemical products that help remove suspended particles and organic matter from water. They are widely used in water treatment processes across industries like municipal and industrial water treatment. Flocculant agents work by binding suspended particles together to form flocs while coagulant agents neutralize charges of suspended particles to promote flocculation.
The
global flocculant and coagulant market is estimated to be valued at US$ 10.4 Bn
in 2023 and is expected to exhibit a CAGR
of 3.8% over the forecast period 2023 to 2030, as highlighted in a new
report published by Coherent Market Insights.
Market key trends
Growth Accelerated by Rising Demand from Municipal Water Treatment
Municipal water treatment remains the largest application area for flocculants
and coagulants due to growing needs for clean drinking water across urban and
rural areas globally. Stringent regulations regarding treatment of wastewater
before discharge is also driving their demand in municipal wastewater treatment
plants. Population growth and rapid urbanization are major long-term factors
augmenting the volume of municipal water to be treated on a daily basis. This
is prompting water utilities to increasingly rely on flocculants and coagulants
to ensure effective solid-liquid separation and water clarification during
treatment processes. Their ability to efficiently clarify large volumes of
turbid surface water sourced from rivers and lakes within short span without
use of membranes or advanced oxidation makes flocculants and coagulants indispensable
in municipal water treatment infrastructure worldwide.
Segment Analysis:
The global
flocculant and coagulant market size is segmented by type, end-use
industry and region. Based on type, the market is categorized into organic
coagulant and flocculant and inorganic coagulant and flocculant. The inorganic
coagulant and flocculant segment dominates the market owing to its better
working performance at lower dosages and relatively lower costs compared to
organic coagulants and flocculants.
Key Takeaways:
The global Flocculant and Coagulant Market is expected to witness high growth
during the forecast period 2023 to 2030. The global flocculant and coagulant
market is estimated to be valued at US$ 10.4 Bn in 2023 and is expected to
exhibit a CAGR of 3.8% over the forecast period 2023 to 2030.
Regional analysis:
The Asia Pacific region is expected to be the fastest growing as well as the
dominating region in the global flocculant and coagulant market during the
forecast period. The growth in Asia Pacific region can be attributed to the
increasing industrialization and urbanization in emerging economies such as
China and India which is increasing the demand for flocculant and coagulant for
water treatment in various end-use industries.
Key players:
Key players operating in the Flocculant and Coagulant Market are BASF SE,
Ecolab Inc., Solvay SA, SNF (United Kingdom) Ltd, Cytec Industries Inc.,
Akferal, Kemira Oyj, Jayem Engineers, TRIO Chemicals & Allied Products,
Yide Chem, Evoqua Water Technologies, SUEZ.
Get
more insights on this topic: https://www.newsstatix.com/flocculant-and-coagulant-market-share-and-opportunity-analysis-2023-2030/
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