Flocculant and Coagulant Demand Proportional to Clean Water Consumption

Flocculants and coagulants are used to filter solid particles from liquids in the water treatment, pulp and paper, and oil and gas industries. At present, water treatment plants are increasingly consuming flocculants to facilitate the clumping of particles in wastewater and coagulants to neutralize the electrical charges that are present in water and accumulate the dissolved substances to form larger clumps that can be eliminated through various solid elimination processes, such as filtration and clarification.

Thus, the increasing consumption of such chemicals in water treatment plants, on account of the surging demand for clean water, will help the flocculants and coagulants market advance at a CAGR of 5.4% during the forecast period (2018–2023). The market revenue stood at $10,270.2 million in 2017, and it is projected to reach $14,225.3 million by 2023. The mounting demand for clean water can be ascribed to the growing global population and toughening government laws on the supply of treated water.

The application segment of the flocculants and coagulants market is classified into mineral and extraction, oil and gas, pulp and paper, water and wastewater treatment, and others, such as medical and agriculture. Under this segment, the water and wastewater treatment category accounted for the largest share in 2017, and it is also expected to witness the fastest growth during the forecast period. This can be attributed to the high-volume consumption of these chemicals in municipal water treatment plants owing to the toughening government regulations mandating the supply of clean water.

Because of this reason, according to P&S Intelligence, the Asia-Pacific (APAC) flocculants and coagulants market generated the highest revenue in 2017, and it will demonstrate significant growth in the forecast years. This can be credited to the flourishing chemical industry, surging industrial output, and booming economy of the region. Additionally, the burgeoning demand for water treatment chemicals from the metal, oil and gas, and food and beverage industries will catalyze the market growth here.

Therefore, the escalating demand for clean water is expected to facilitate the consumption of flocculants and coagulants in the upcoming years.

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