Flocculants and coagulants are widely used in water and wastewater treatment plants to remove suspended solids and other impurities from water bodies. They help settle and aggregate contaminants in water, making separation more efficient. Some key uses of flocculants and coagulants include purifying drinking water, treating industrial wastewater, and sludge dewatering. Common flocculant and coagulant chemicals used are aluminum sulfate, ferric chloride, calcium hydroxide, and polyacrylamide-based polymers.
The global flocculant and coagulant market is estimated to be valued at US$ 10.4 billion 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 Dynamics:
The rising demand from water and wastewater treatment plants is expected to fuel the growth of the global flocculant and coagulant market size during the forecast period. Flocculants and coagulants play a vital role in water treatment by clarifying turbid water and removing suspended solids. With growing concerns related to water pollution and scarcity of potable water, investments in water treatment infrastructure are increasing substantially. According to estimates, over USD 500 billion needs to be invested globally in water supply and sanitation by 2030. This rising investment is expected to drive the demand for flocculants and coagulants from water treatment facilities.
Another major driver for the market is stringent regulations regarding disposal of industrial wastewater. Industries such as chemicals, mining, power generation, and food & beverages discharge large amounts of wastewater containing harmful pollutants. Flocculant and coagulant treatment is necessary to meet the discharge quality norms specified by environmental agencies. Adherence to regulations coupled with growing industrialization is anticipated to boost the consumption of flocculants and coagulants for industrial wastewater management over the forecast period.
Segment Analysis
The global flocculant and coagulant market is dominated by the water and wastewater treatment segment. This segment accounts for over 60% of the overall market share owing to extensive use of flocculants and coagulants in providing clean and potable water. Within this segment, municipal water treatment sub-segment holds the major share due to growing concerns over clean drinking water globally.
PEST Analysis
Political: Stringent regulations related to water quality and wastewater discharge standards set by bodies such as EPA and WHO have driven the demand of flocculants and coagulants from industries and municipalities.
Economic: Rising population coupled with rapid urbanization and industrialization especially in emerging economies of Asia Pacific region have increased the pressure on fresh water resources, propelling the need for efficient water treatment activities thereby benefitting the market growth.
Social: Growing awareness among public about water borne diseases and importance of clean water has boosted the investments in water treatment infrastructure from governments worldwide.
Technological: Continuous innovations in flocculant and coagulant formulations have enhanced their effectiveness at lower treatment costs. Development of bio-based and eco-friendly variants is further fueling the product adoption.
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 billion in 2023 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030.
Regional analysis comprises Asia Pacific region is expected to witness the fastest growth over the forecast period. China and India are projected to be the major markets owing to increasing investments toward water treatment infrastructure in these countries.
Key players analysis: Key players operating in the flocculant and coagulant market are Chanel S.A., Estée Lauder Companies Inc., L’Oréal S.A., Natura & Co., and Shiseido Company, Limited. Chanel S.A. is one of the leading players offering comprehensive range of flocculant and coagulant products.
