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According to Zion Market Research, the global flocculant and coagulant market size was valued at approximately USD 6387.25 million in 2021 and is projected to reach approximately USD 10,910.45 million by 2028, expanding at a compound annual growth rate (CAGR) of approximately 5.55 percent between 2022 and 2028. The report examines the global flocculant and coagulant market's growth drivers, restraints/challenges, and their impact on demand during the forecast period. The report also examines emerging opportunities in the flocculant and coagulant market.
Overview of the Global Flocculant and Coagulant Market
Flocculation and coagulation are processes used in water treatment to remove suspended solids from water by destabilising the particles. coagulation refers to the clumping or coming together of suspended particles, whereas flocculation is the process by which the coagulated or clumped particles settle to the bottom. Both processes are employed sequentially, with flocculation occurring after coagulation.
The ultimate objective is to remove and neutralise the charge density of particles, which is accomplished through coagulation, followed by particle binding through flocculation, in which the larger aggregate particles separate from the water and settle to the bottom of the storage unit. The use of flocculants and coagulants has become widespread in wastewater solids dewatering, mining wastewater treatment, effluent wastewater treatment, and recycled plastics wash water treatment.
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Global Flocculant and Coagulant Market:- Segmentation
The market is segmented on the basis of product type, application, and geography. The market is segmented by product type into flocculants and coagulants. Due to their widespread use in industries such as water and wastewater treatment, oil and gas, and mining, flocculants dominated the market in 2020 with a share of more than 60 percent.
Water and wastewater treatment, oil and gas, mining, pulp and paper, and other applications segment the market. In 2020, the water and wastewater treatment segment held the largest market share due to the rising demand for clean water and the expanding global population.
The market is segmented geographically into North America, Europe, Asia-Pacific, Latin America, and the Middle East and Africa. Due to the increasing demand for flocculants and coagulants from end-use industries such as water and wastewater treatment, mining, and oil and gas in China and India, Asia Pacific dominated the market in 2020 with a share of over 40%.
Notable market players include, among others, BASF SE, Kemira Oyj, SNF Floerger, Solvay S.A., Ecolab Inc., and Feralco AB.
Increasing demand for clean water, stringent environmental regulations, and a growing population are factors driving market growth.
Opportunities for market expansion include the creation of innovative new products and an increase in investment in emerging markets.
Recent Developments:
Tidal Vision, an American manufacturer and supplier of ready-to-use chitosan flocculant, agricultural elicitor applications, and textile treatments, upcycled chitosan from crab shells, a biopolymer derived from seafood byproducts, in February 2022. The liquid form of repurposed chitosan can be used for the treatment of wastewater or stormwater. This is accomplished by the coagulation of the pollutant's positive particles and chitosan.
EPICOR Inc., a global manufacturer of resin & fibre mixture and ion exchange resin serving the energy sector, was acquired by Evoqua Water Technologies in July 2022, allowing the company to expand its portfolio, particularly its integrated services and solutions segment.
Read Other Reports:
https://melvinasmarketblogs.blogspot.com/2023/02/global-hepatitis-c-drug-market-size.html
https://www.linkedin.com/pulse/asia-pacific-nanomaterials-market-demand-size/
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