Flocculants and coagulants are among the popular water treatment chemicals largely used in the water purification process for both, municipal and industrial water. This report estimates the market size for flocculant and coagulant based on type, end-use industry, and region.
The global flocculant and coagulant market is projected to reach USD 6.01 billion by 2022, at a CAGR of 5.9% between 2017 and 2022. The demand for flocculant and coagulant is primarily driven by stricter regulatory and sustainable mandates concerning the environment coupled with declining freshwater resources. However, the growing demand for alternative water treatment technologies, such as UV disinfection and RO filtration is a major restraint for market growth.
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North America led the flocculant and coagulant market in 2016, followed by Asia-Pacific and Europe. Stringent water treatment regulations in the U.S. and Canada, and presence of huge end-use industries, such as oil & gas, mining, and textile across the North American region are driving the flocculant and coagulant market in this region.
However, this market in Asia-Pacific is expected to grow at the highest CAGR during the forecast period, as the demand for flocculants and coagulants is driven by population growth and rapid urbanization in emerging countries, such as India, China, and Indonesia. Besides municipal water treatment and textile industry, Europe is relatively a mature market as compared to the rest of the world.
The organic coagulant subsegment of the coagulant type segment is projected to grow at the highest CAGR during the forecast period, in terms of value. Though the cost of an organic coagulant is higher than an inorganic coagulant, it is widely adopted, as it is environment-friendly. Moreover, organic coagulants are more appropriate for solids-liquid separation and sludge generation. However, the flocculant segment will be valued the highest during the forecast period, owing to its higher price than coagulants.
Based on end-use industry, the pulp & paper segment of the flocculant and coagulant market is projected to grow at the highest CAGR between 2017 and 2022. Flocculants and coagulants are an integral part of the pulp & paper industry. The use of these chemicals helps to improve efficiency and performance of a production mill. Furthermore, the use of flocculants and coagulant also decreases the water cycle cost, and optimizes water consumption per ton of pulp & paper produced. Moreover, flocculants and coagulants are also used in the treatment of wastewater released during the production process.
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