Flocculant and Coagulant Market Primed for Significant Growth Accelerated by Wide Range of Industrial Applications

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Flocculants and coagulants are widely used in water and wastewater treatment plants to remove suspended solids from water bodies. They help filter out unwanted contaminants like dirt particles, algae, chemicals, bacteria and other microorganisms. The global flocculant and coagulant market is driven by rising industrialization and stringent regulations related to wastewater discharge. The growing demand from end-use industries such as municipal as well as industrial wastewater treatment facilities is spurring market revenue.

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 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
The increased demand from emerging economies is one of the key trends fueling the growth of the flocculant and coagulant market size over the forecast period. Rapid industrialization and urbanization in developing countries like India, China, Brazil and others has increased water pollution to concerning levels. These nations are investing heavily in infrastructure development and industrial wastewater treatment facilities to comply with stringent environmental norms. In addition, major players are focusing on product innovation and development of bio-based and eco-friendly flocculant and coagulant formulations in order to capitalize on the rising sustainability requirements across industries. These product advancements are expected to further aid the expansion of the flocculant and coagulant market in coming years.

Segment Analysis
Flocculant and Coagulant Market comprises two broad segments- flocculant and coagulant. Among these, flocculant segment holds a major share owing to wide applications in various end-use industries such as municipal waste water treatment, industrial waste water treatment, pulp & paper industry, and mining & mineral processing. Flocculant is extensively used during various stages of waste water treatment process in order to remove suspended impurities. Currently, anionic polyacrylamide flocculant dominates the overall flocculant segment owing to its high efficiency and low cost.

Key Takeaways
The global flocculant and coagulant market is expected to witness high growth. 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 6.2% over the forecast period 2023 to 2030.

The Asia Pacific region is currently the fastest growing as well as dominating regional market. Rapid industrialization coupled with stringent wastewater treatment regulations mainly in countries such as China and India are driving the demand.

Key players operating in the flocculant and coagulant market are Chanel S.A.,Estée Lauder Companies Inc.,L'Oréal S.A.,Shiseido Company, Limited,The Procter & Gamble Company. Increasing investments in research & development of eco-friendly and advanced products along with strategic partnerships with end-use industries are the core strategies adopted by leading players to gain competitive edge in the global market.

Get more insights on this topic: https://www.newsstatix.com/flocculant-and-coagulant-market-share-and-opportunity-analysis/

 

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