The growth of this market is attributed to its extensive utilization of every process of water treatment as it helps in diminishing the operating costs along with eradicating the particulate compositions present in contaminated water. Flocculation and coagulation aim at removing substances from the water with the help of a chemical cleaning action and is generally undertaken at the time of the sedimentation process.
Moreover, it has been observed that increasing preference towards organic coagulants as compared to that over traditional coagulant that includes polyacrylamides and alum is further driving the growth of global flocculants and coagulants market. Moreover, increasing industrialization has further stimulated the need for treating water resources that are ultimately bolstering the growth of the global flocculants and coagulants market.
Organic is further subcategorized as polyamine and polyDADMAC. Inorganic is further subcategorized as aluminum sulfate, polyaluminum chloride, ferric chloride, and others. Among all these segments, flocculants is projected to hold larger revenue in the global flocculants and coagulants market.
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The global flocculants and coagulants market is segmented into pulp & paper, oil & gas, water, and wastewater treatment, mining, textile, and others. Among all these segments, the water and wastewater treatment applications are anticipated to witness the fastest growth of 5.7% during the forecast period in terms of value.
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 the public are the major factors driving the growth of the global flocculants and coagulants market.
Globally industry players of global flocculants and coagulants market are leveraging market growth through technological advancements, product extensions, and the development of a competitive edge that develops competitive strength among the industry players on factors that includes operational cost, innovation, product quality, and price.
North America has been dominating the flocculants and coagulants market in terms of revenue. Infrastructural development along with the implementation of stringent government reforms are the major factors driving the growth of the flocculants and coagulants market in this region.
SNF Floerger, Kemira OYJ, Ecolab Inc., BASF SE, Solenis LLC, Feralco AB, Buckman Laboratories, Inc., Ixom Operations Pty Ltd, Kurita Water Industries Ltd., Suez S.A., Aries Chemical, Inc., and Chemifloc Limited.
Source: VynZ Research