Flocculant and Coagulant Market

Flocculant and Coagulant Market is Expected to be Flourished by Increasing Demand from Water Treatment Plants

by

Flocculants and coagulants are widely used in water treatment plants for purification of drinking water and wastewater. Some key uses of flocculants and coagulants include removal of suspended solids from surface water, separation of liquids and solids in wastewater treatment, and sludge dewatering. Rapid industrialization and urbanization in emerging economies have increased freshwater pollution, propelling the need for efficient water treatment infrastructure and technologies. Flocculants help remove pollutants such as dirt particles, algae, bacteria, and other microbes by clumping them together into larger fragments that are easier to filter out.

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 Dynamics:

The increasing demand from water treatment plants is a key driver propelling growth of the flocculant and coagulant market. According to data from UNICEF and WHO, over 3 billion people globally lack access to safely managed sanitation, and around 2 billion lack basic drinking water services. Rapid population growth is straining freshwater resources, necessitating investment in advanced water treatment solutions. Flocculants and coagulants effectively help remove pollutants from water bodies and meet stringent drinking water standards.

Another factor boosting the market is the stringent regulatory environment for treatment and discharge of industrial wastewater. Industries such as pulp & paper, chemicals, mining, and food & beverage generate huge volumes of wastewater containing toxic metals, organic matter, and other pollutants. Discharge of untreated wastewater can contaminate water bodies. Governments worldwide are implementing regulations regarding wastewater quality before discharge. This is augmenting demand for flocculant and coagulant based clarification and treatment technologies from industrial facilities.

Segment Analysis
The flocculant and coagulant market size is dominated by the water and wastewater treatment segment, which accounts for over 70% share of the global market. This segment utilizes both flocculants and coagulants simultaneously or independently for processes like sludge thickening, sludge dewatering, water treatment, and wastewater treatment. Within the water and wastewater segment, municipal water treatment dominates the market. Stringent regulations regarding waste disposal and increasing demand for clean water are driving demand from this segment.

PEST Analysis
Political: Stringent regulations regarding water treatment and waste disposal in various countries are driving demand. The implementation of standards like REACH in European Union positively impacts market growth.
Economic: Growth of end-use industries like power generation, mining, pulp & paper reliance on clean water drives demand. Population growth and urbanization increase demand for clean water in municipal segment.
Social: Increasing awareness about water conservation and waste management boosts adoption of flocculants and coagulants. As more people get access to water treatment, these chemicals see higher demand.
Technological: Advancements in chemical design help deliver improved performance. Use of advanced polymers has enhanced effectiveness of products. Digitalization allows for remote monitoring of treatment plants.

Key Takeaways
The global flocculant and coagulant market is expected to witness high growth over the forecast period driven by stringent regulations and expanding end-use industries reliance on water treatment. 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.

Regionally, Asia Pacific dominates currently owing to high industrial activities and large population. China accounts for the major share currently. However, the markets in Middle East and Latin America are expected to witness fastest growth over the coming years due to increasing investments in infrastructure development.

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.

*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Ravina
+ posts

Ravina Pandya,  Content Writer, has a strong foothold in the market research industry. She specializes in writing well-researched articles from different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. With an MBA in E-commerce, she has an expertise in SEO-optimized content that resonates with industry professionals.