Flocculants and coagulants are extensively used in wastewater treatment plants to alter the physical properties of suspended solid particles in water bodies. Flocculants bind suspended solid particles together and coagulants neutralize particle surface charges helping them clump together and settle down faster for easy separation. Growing concerns regarding water pollution and stringent regulations for wastewater discharge have increased the need for effective wastewater treatment processes worldwide.
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 3.8% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the key trends driving the flocculant and coagulant market growth is their widespread adoption in wastewater treatment facilities across various end-use industries such as municipalities, food & beverage, power generation, and mining. There has been a significant rise in the number of wastewater treatment plants globally due to stringent regulations regarding wastewater discharge. This has propelled the demand for advanced wastewater treatment chemicals including flocculants and coagulants. Their ability to remove suspended solids and other impurities effectively at low costs makes them ideal for wastewater treatment applications. Moreover, continuous innovations to develop bio-based and eco-friendly flocculant and coagulant variants are further expanding the scope of these chemicals in industrial wastewater treatment processes.
Segment Analysis
The global flocculant and coagulant market is segmented by type, end-use industry and geography. By type, the market is divided into organic and inorganic. The organic segment dominates the market as it causes less harm to the environment compared to inorganic coagulants and flocculants. It helps remove contaminants effectively and is widely used in water treatment plants.
Key Takeaways
The global flocculant and coagulant market is expected to witness high growth over the forecast period. 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 3.8% over the forecast period 2023 to 2030.
Regional analysis
Asia Pacific region is expected to grow at the highest CAGR during the forecast period owing to rising industrial & municipal waste water treatment activities. Stringent environmental regulations regarding waste water discharge in countries like China and India are also propelling the regional market. The presence of emerging industries such as power generation, mining, pulp & paper etc. further aids market growth in Asia Pacific.
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, Feralco, Tidal Vision, Others. BASF SE is a prominent player owing to its wide product portfolio and global presence.
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