ID: MRFR/CnM/7306-CR | February 2020 | Region: Global | 208 pages
Coagulant Market was valued at USD 6,363.4 Million in 2018 and expected to register a CAGR of 5.93% to reach USD 9,460.4 Million by 2027.
Coagulants are used to separate the suspended solids from water. Coagulants are primarily used in the water treatment industry for moving the suspended solids, and removal of color, odors, and taste from the water. The different types of coagulants, i.e., inorganic coagulants, organic coagulants, or a combination of both, are usually used to treat water. The other end users of coagulants are oil & gas, paper & pulp and agriculture industries. Depending on type, they are classified as inorganic coagulants and organic coagulants.
The growth of the coagulants market is primarily attributed to the stringent regulations associated with the discharge and disposal of wastewater from the industries. The continuous growth in the volume of untreated wastewater, as well as the release of hazardous chemicals and materials into water bodies, have created an urgent need to monitor and control water quality. Governing bodies such as the US Environment Protection Agency and Urban Waste-Water Treatment Directive (Europe) have set strict environmental regulatory framework as a part of pollution prevention efforts aimed at protecting watersheds and sources of drinking water. This is projected to boost the growth of the global coagulant market.
Furthermore, the growing population and rapid urbanization across the globe will increase the demand for water, and thus is likely to generate a large quantity of wastewater, which is expected to create growth opportunities for the players operating in the global coagulant market during the forecast period. Likewise, the development of specific formulations is also likely to provide strong growth impetus to the producers during the forecast period. However, the hazards associated with inorganic coagulants are expected to hamper their demand and restrain the growth of the global coagulant market in the future. Nevertheless, the development of innovative and eco-friendly formulations are projected to provide lucrative growth opportunities for the players operating in the global coagulant market during the forecast period.
Global Coagulant Market Revenue, by End Use, 2018 (USD Million)
Sources: MRFR Analysis
Based on type, the global market has been segmented into organic, inorganic, and organic & inorganic blends. The organic segment dominated the global market with 49.2% value share in 2018 and is expected to be valued at USD 4,463.1 million registering a CAGR of 6.12% during the forecast period. The organic segment is further classified into polyamines, PolyDADMAC, melamine-formaldehyde, others. Among these, polyamine and PolyDADMAC are the most commonly used organic coagulants in the market owing to their high efficiency and eco-friendly properties.
Based on end use, the global market has been segmented into water & wastewater treatment, pulp and paper, oil & gas, agriculture, and others. Among these segments, the water & wastewater treatment segment dominated the global market. The water & wastewater treatment segment was valued at USD 4,224.8 million in 2018 and is projected to register a CAGR of 6.28% during the forecast period. The high demand of coagulants in this segment is attributed to large-scale consumption in municipal water treatment plants, and chemical and power industries. Further, with rapid industrialization and the development in the industrial sector, the discharge level of heavy metals and other solids in wastewater has elevated and emerged as environmental pollutants. This factor is expected to significantly drive the demand for coagulants during the forecast period.
Global Coagulant Market Share, by Region, 2018 (%)
Sources: MRFR Analysis
By region, the global coagulant market has been bifurcated into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2018, the global coagulants market was dominated by Asia-Pacific with 30.2% value share. China, India, and Japan are the key markets for coagulants in Asia-Pacific. The growth of the coagulants market in Asia-Pacific is driven by rapid industrialization and economic growth coupled with government initiative and investment in the development of wastewater treatment plants. North America accounted for the second-largest share in 2018 and is expected to witness significant growth during the forecast period led by increasing investment in oil & gas and chemical industries in the US. The European coagulant market is expected to witness moderate growth led by the stringent regulatory framework for wastewater treatment, disposal, and reuse set by the European Commission. The Middle East & Africa and Latin American market are expected to witness moderate growth driven by increasing freshwater demand and growth of the automotive, chemical, and oil & gas industries.
The Prominent Players in the Global Coagulant Market are BASF SE (Germany), SNF Group (France), Solenis (US), Kemira (Finland), Mitsubishi Chemical Holding Company (Japan), Feralco AB (Sweden)Avista Technologies Inc. (US), ChemTreat, Inc. (the US), Buckman (US), Ecolab (US), and SUEZ (France).
The key players operating in the global coagulant market are emphasizing the development of eco-friendly coagulant. The market players are also adopting various organic and inorganic growth strategies, such as capacity expansion, acquisition, joint venture, merger, and contract agreement, to gain a higher market share. For instance, in April 2018 Feralco acquired GESITMA S.L., a Spanish company specialized in industrial waste management. This growth activity is likely to expand the company’s portfolio and footprint in Spain and Portugal.
Global Coagulant Market, by Type
Global Coagulant Market, by End-Use
Global Coagulant Market, by Region
|Market Size||2027: USD 9,460.4 Million|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Type, End-Use and Region|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||BASF SE (Germany), SNF Group (France), Solenis (US), Kemira (Finland), Mitsubishi Chemical Holding Company (Japan), Feralco AB (Sweden)Avista Technologies Inc. (US), ChemTreat, Inc. (the US), Buckman (US), Ecolab (US), and SUEZ (France)|
|Key Market Opportunities||The globe will increase the demand for water, and thus is likely to generate a large quantity of wastewater.|
|Key Market Drivers||The growth of the global market is due to the stringent regulations related to the discharge and disposal of wastewater from the industries.|
Frequently Asked Questions (FAQ) :
Global Coagulant Market generated valuation at USD 6,363.4 Million in 2018.
global coagulants market’s CAGR is calculated to be 5.93%.
global coagulants market will generate USD 9,460.4 Million in revenue by 2025.
The growth of the global coagulant market is due to the stringent regulations related to the discharge and disposal of wastewater from the industries.
global coagulant market has been studied among the regions of Europe, North America, Latin America, Asia-Pacific, and the Middle East & Africa.