The global coagulant market is estimated to grow at a CAGR of ~6% over the forecast period, i.e., 2022 – 2030. The growth of the market can be attributed to the growing application of coagulants in water treatment plants, along with significant growth in the emergence of water treatment plants. Coagulating agents are used to coagulate or thicken any liquid, majorly water and blood, by manipulating electrostatic charges of the particles present in the water. The escalating use of coagulants in healthcare sector, to boost the blood clotting process in patients of surgery or accidents, is estimated to boost the market growth. Growing cases of surgery is another major factor expected to fuel the market growth. On the other hand, coagulants are widely used in water treatment plants, to easily remove solid waste from water. In recent time, recycling of waste water has garnered significant prominence, which has resulted in rise of waste water treatment plants. The separation of these coagulated waste material from water is called flocculation, which is a major application of inorganic coagulants. According to the report by the Natural Resources Defense Council (NRDC), unsafe water is the cause of diseases in over 1 billion people, annually, majorly in the low-income countries. The report also mentioned that more than 80% of the world’s wastewater flows back into the environment without being treated. The rising global awareness regarding proper treatment of waste water, especially industrial wastewater treatment, is anticipated to boost the market growth. According to a report by the World Health Organization, the UN is working successfully in providing safe water facilities across the globe. In 2017, 5.3 billion people were provided safe and managed drinking-water services.
The global coagulant market is divided by type into organic and inorganic coagulants, out of which, the inorganic segment is anticipated to hold the dominant share in the market over the forecast period on account of increasing use of inorganic coagulants in the water treatment industry. Inorganic coagulating agents include aluminum sulfate, poly aluminum chloride, ferric chloride, and others, which are used for the treatment of industrial wastewater. CLICK TO DOWNLOAD SAMPLE REPORT
The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favourable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labour as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.
On the basis of geographical analysis, the global coagulant market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. The market in Asia Pacific region is estimated to witness noteworthy growth over the forecast period on the back of increasing number of water treatment plants in the developing countries, such as, China, Japan, Taiwan, India, and others. The growing government initiatives in these countries to provide more and more people with safer drinking water, is estimated to boost the market growth in the region. As per a report by the Global Water Forum, 42% of the deaths associated with unsafe supply of water occurred in Asia in the past decade. Growing mass awareness regarding water pollution is also a major driver for the regional market growth.
The market in the North America region is anticipated to garner considerable market share throughout the forecast period owing to the growth in the water treatment industry. The US is the second largest consumer of recycled water, majorly desalinated wastewater. Moreover, the presence of major pharmaceutical companies in the region, and increasing development of drugs, are anticipated to propel the market growth.
The global coagulant market is further classified on the basis of region as follows:
Our in-depth analysis of the global coagulant market includes the following segments:
FREQUENTLY ASKED QUESTIONS
The increasing application of coagulants in wastewater treatment and pharmaceutical industry to boost the market growth.
The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2022 – 2030.
High competition from flocculants is estimated to hamper the market growth.
The market in the Asia Pacific region will provide more business opportunities owing to the growing water treatment plants in the region.
The major players in the market are DuPont de Nemours, Inc., The Dow Chemical Company, 3M, Orenco Systems, Inc., SUEZ Groupe SAS, Buckman Laboratories, Inc., Pentair plc, Xylem, and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, end-user industry, and by region.
The water treatment segment is anticipated to hold largest market size over the forecast period and display significant growth opportunities.
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