PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1367750
PUBLISHER: MarketsandMarkets | PRODUCT CODE: 1367750
The global flocculant & coagulant market size is estimated to be USD 10.4 billion in 2023 and projected to reach USD 12.5 billion by 2028, at a CAGR of 3.8%. Implementation of stringent environmental regulations across the globe for wastewater treatment, limited availability and declining freshwater resources, growth in mining and mineral processing are the factors driving the market for flocculants & coagulants. However, alternative water treatment technologies, high cost related to acquiring and using flocculants and coagulants. Emerging trends towards eco-friendly and biodegradable flocculant and coagulant, and rapid industrialization and urbanization in emerging economies are expected to offer significant growth opportunities to manufacturers. Major challenges faced by the players in this market are the stringent environmental regulations pertaining to use on chemicals for the formulation of flocculant and coagulant.
Scope of the Report | |
---|---|
Years Considered for the Study | 2019-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Units Considered | Volume (Kiloton) and Value (USD Million/Billion) |
Segments | By Type, End-use Industry, and Region |
Regions covered | North America, APAC, Europe, Middle East & Africa, and South America |
APAC is the largest and the fastest-growing market for flocculants & coagulants. The region leads the flocculant and coagulant market's growth due to rapid industrialization and urbanization, particularly in China and India, leading to increased wastewater. Stringent environmental rules aimed at enhancing water quality drive demand. Expanding sectors like manufacturing, mining, and municipalities contribute to higher utilization. Heightened awareness of water scarcity and the emphasis on sustainable water management practices further boost the adoption of these chemicals, solidifying Asia Pacific's status as the market's fastest-growing region.
"Textile segment accounted for the third largest market share amongst other end-use industries in the flocculant & coagulant market"
The textile industry is the third-largest end-use industry in the flocculant and coagulant market due to its significant water treatment needs. Textile manufacturing involves dyeing, printing, and finishing processes that generate substantial wastewater containing dyes, chemicals, and suspended solids. Coagulants and flocculants are essential for efficiently treating this wastewater by aiding in the removal of colorants and impurities. Environmental regulations for wastewater discharge and the industry's growing emphasis on sustainable practices further drive the demand for these chemicals.
"The municipal water treatment segment is estimated to be the second fastest growing segment in the flocculant & coagulant market during the forecast period."
Municipal water treatment stands as the second fastest-growing end-use industry in the flocculant and coagulant market due to several compelling factors. Growing urban populations increase demand for clean drinking water, necessitating robust water treatment processes. Moreover, aging water treatment infrastructure and stringent regulations regarding water quality drive the adoption of flocculants and coagulants. Municipalities worldwide are upgrading their treatment facilities to meet these standards, resulting in higher demand for these chemicals. Additionally, the ongoing need for wastewater treatment and recycling, coupled with expanding urban areas, reinforces the role of flocculants and coagulants in addressing water management challenges within municipal applications.
"Based on region, MEA is projected to be third fastest growing market in the flocculant & coagulant market during the forecast period."
The Middle East and Africa region is the second fastest-growing segment in the flocculant and coagulant market due to several key drivers. This region is experiencing rapid industrialization, population growth, and urbanization, leading to increased wastewater generation and the need for effective water treatment solutions. Additionally, stringent environmental regulations and a growing awareness of water scarcity issues are driving the demand for flocculants and coagulants. As the region focuses on sustainable water management practices, these chemicals play a crucial role in water treatment and purification processes, thus contributing to the impressive growth of the flocculant and coagulant market in the Middle East and Africa.
Breakdown of primaries
The flocculant & coagulant market is dominated by a few globally established players such as Kemira OYJ (Finland), BASF SE (Germany), Ecolab Inc. (US), SNF Floerger (France), and Solenis LLC (US).
The report covers the flocculant & coagulant market and forecasts its size, by volume and value, based on region (Asia Pacific, Europe, North America, South America, and Middle East & Africa), type (coagulant, flocculant), end-use industry (municipal water treatment, pulp & paper, textile, oil & gas, and mining).
The report also provides a comprehensive review of market drivers, restraints, opportunities, and challenges in the flocculant & coagulant market. The report also covers qualitative aspects in addition to the quantitative aspects of these markets.
The report will help the leaders/new entrants in this market with information on the closest approximations of the revenue numbers for the overall market and the sub-segments. This report will help stakeholders understand the competitive landscape and gain more insights to better position their businesses and plan suitable go-to-market strategies. The report also helps stakeholders understand the pulse of the flocculant & coagulant market and provides them information on key market drivers, restraints, challenges, and opportunities.
Key benefits of buying this report
This research report is focused on various levels of analysis - industry analysis (industry trends), market ranking analysis of top players, and company profiles, which together provide an overall view on the competitive landscape; emerging and high-growth segments of the flocculant & coagulant market; high-growth regions; and market drivers, restraints, opportunities, and challenges.