Global Flocculants and Coagulants Market Research Report - Analysis and Forecast to 2024

Flocculation and coagulation aims at removing substances from the water with a help of a chemical cleaning action and is generally undertaken at the time of sedimentation process. The global flocculants and coagulants market is estimated to contribute USD 12.8 billion by 2017 and is further expected to generate USD 18.4 billion by 2024. The flocculants and coagulants market is further anticipated to witness growth of 5.3% during the forecast period.

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The growth of flocculants and coagulants market is highest in Asia-Pacific due to increasing population and increasing rate of industrialization that has enforced the governmental authorities of this region to execute stringent government reforms on the water treatment processes that is further exaggerating the growth of global flocculants and coagulants market. Moreover, increasing demand for chemicals in the process of municipal water treatment and stringent regulatory reforms that are on the utilization of water resources and environment for the well-being of public are the major factors driving the growth of global flocculants and coagulants market.

However, accelerating demand for alternative water treatment practices such as UV disinfection and RO filtration are expected to hamper the growth of global flocculants and coagulants market.

On the basis of application, the global flocculants and coagulants market is segmented into pulp & paper, oil & gas, water and waste water treatment, mineral and extraction, and others. Among all these segments, the water and waste water treatment application is anticipated to witness fastest growth of 5.7% during the forecast period in terms of value.

On the basis of type, the global flocculants and coagulants market is segmented into flocculants and coagulants. Flocculants are further sub categorized as anionic, cationic, non-ionic. Coagulants are further sub categorized into organic and inorganic. Among all these segments, flocculants is projected to hold larger revenue of $11.0 billion by 2024 in the global flocculants and coagulants market. This segment is observing rampant growth owing to its widespread application in several industries.

Geographically, Asia-Pacific is expected to witness fastest growth of 7.3% during the forecast period in terms of value due to rapid industrialization, demand for flocculants and coagulants from municipal sectors increasing demand for renewed water reservoirs. Additionally, the pulp & paper industry in this region occupies dominant position specifically in Indonesia and China that is ultimately impacting the growth of flocculants and coagulants market in this region.

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North America has been dominating flocculants and coagulants market in terms of revenue. The flocculants and coagulants market in North America has generated USD 3.5 billion in 2017 and is further projected to generate USD 4.5 billion by 2024. Infrastructural development along with implementation of stringent government reforms are the major factors driving the growth of flocculants and coagulants market in this region.

Some of the key players in the global flocculants and coagulants market include Ecolab Inc., Feralco AB, SNF Ltd., Akferal, Jayem Engineers, BASF SE, Solvay SA, Solenis LLC, Cytec Industries, Ixom Operations Pty Ltd., Kemira OYJ, Buckman Laboratories, Inc., and Kurita Water Industries Ltd.

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