By 2023, the flocculant and coagulant market is expected to be worth US$ 6,738.6 million worldwide. The sales of flocculant and coagulant are anticipated to increase at a compound annual growth rate (CAGR) of 5.5% to US$ 11,510.5 million during the projected period.
The need for water resource treatment has increased as a result of growing industrialization. Also, the market is anticipated to rise during the forecast period due to an increase in demand for chemicals used in municipal water treatment and strict government restrictions governing water consumption for public health. The worldwide flocculant and coagulant market is anticipated to see growing challenges due to rising demand for alternative water treatment methods like RO filtering and UV disinfection.
Throughout the projected period, the market in Asia Pacific is anticipated to develop at the quickest rate. Due to the expansion of industries and the demand for freshwater reserves, there has been an increase in the demand for flocculants and coagulants from the municipal and industrial sectors.
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Key Takeaways
- By 2033, the flocculant and coagulant market in the United Kingdom is likely to expand, with a CAGR of 5.2%.
- In 2023, the United States is expected to develop the flocculant and coagulant business with a share of 22.6%.
- The flocculant and coagulant market grew considerably to US$ 6,387.3 million in 2022.
- The flocculant and coagulant industry expanded at a CAGR of 4.8% from 2018 to 2022.
- By 2033, the flocculant and coagulant market in China is projected to have a CAGR of 5.7%.
- By 2033, India’s flocculant and coagulant industry is projected to expand with a CAGR of 6.5%.
- Japan’s flocculant and coagulant sector is likely to grow significantly, with an 8.9% share in 2023.
- Australia’s flocculant and coagulant are expected to develop with a share of 6.1% in 2023.
- Germany’s flocculant and coagulant business is expected to grow, with a share of 10.9% in 2023.
- In 2023, based on type, the inorganic coagulant segment is expected to dominate the market, with a share of 17.8%.
- In 2023, the water and wastewater treatment segment is expected to dominate the market, with a share of 33.3%, based on application.
Competitors’ Successful Techniques
The flocculants and coagulants market is highly fragmented and competitive, with a wide variety of local and regional companies. To obtain a competitive edge and increase their market presence, key corporations in this sector use a variety of marketing methods, including mergers and acquisitions, and partnerships.
Recent Development:
- Chitosan, a biopolymer composed of seafood waste, was upcycled from crab shells in February 2022 by Tidal Vision, an American producer, and seller of ready-to-use chitosan flocculant, agricultural elicitor uses, and textile treatments. The repurposed chitosan is made into a liquid and utilized to clean rainwater or wastewater. This is accomplished by chitosan and the pollutant’s positive particles coagulating together.
- In July 2022, Evoqua Water Technologies purchased EPICOR Inc., a manufacturer of resin & fiber mixture and ion exchange resin that provided its services to the energy industry. This helped the firm extend its portfolio, particularly the integrated services and solution section of the business.
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Top Key players in the Flocculant and Coagulant Market
- 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
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