Flocculants Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Flocculants Market
The flocculants market size was valued at USD 9.12 billion in 2022, and the market is now projected to grow from USD 9.72 billion in 2023 to USD 15.53 billion by 2030, exhibiting a CAGR of 6.9% during the forecast period of 2023-2030.
The COVID-19 crisis led to slow market growth in 2020 primarily owing to fluctuations in the short-term and continuous changes in demand in the long term. Some core segments such as mining & mineral processing metals and water, industrial water treatment and oil & oil & gas industries suffered shutdowns during the period thus lower demand for chemicals. Both procurement of raw materials and transportation escalated disruptions, extending up the supply and hiking prices on production.
Various industries are increasing their activities with emphasis on manufacturing, mining, and oil and gas, the water treatment industry where flocculants are used is thus expected to expand. There is a tendency to generate more wastewater and therefore an improvement in treatment methods to meet the regulatory requirement. Due to its ability to encourage pollutant aggregation and ease its removal, hence water reuse and the increasing use in industrial processes flocculants market required increase.
The use of the new technologies, and innovative automation is improving the efficiency of the processes involved in water treatment. Modern monitoring systems, thus, provide real-time information on the quality of available water supply and flow, allowing for proper regulation of a flocculant solution. Automation also accelerates the dosage regulation without the need for manual inputs and enhances the treatment efficiency to fuel the flocculants industry.
Comprehensive Analysis of Flocculants Market
The flocculants market growth is rising at an exponential rate due to its market segmentation. This market expansion rightly provides a thorough market breakdown near to the industry considering the leading supply and demand forces. These segmentations are methodically segregated by type analysis, and by end-use industry analysis. By type analysis include natural, organic, and inorganic. By end-use industry analysis include water & wastewater treatment, oil & gas, mining, pulp & paper, and others.
The Asia Pacific region lead the flocculants market share by benefitting a market size of USD 3.59 billion in 2022 due to demand for clean water and efficient wastewater treatment.
The top players in the markets have a central responsibility in the chemicals & advanced materials industry to be sure of industrial prospectus development and to establish the market norms. These players include, Kemira, SOLVAY, BASF SE, Arkema S.A., Feralco AB, Solenis, Ecolab, TOAGOSEI CO., LTD., CHINAFLOC, KEMSTAR PROCESS SOLUTIONS these market players provide a level-playing competitive landscape.
In November 2023, Kemira announced the expansion of its ferric sulfate water treatment chemicals production line in Goole, U.K., increasing capacity to 70,000 tons, with operations expected to start in 2025.
Segmentation Table
ATTRIBUTE DETAILS
Study Period 2017-2030
Base Year 2022
Estimated Year 2023
Forecast Period 2023-2030
Historical Period 2017-2021
Growth Rate CAGR of 6.9% from 2023-2030
Unit Value (USD Billion)
Segmentation By Type
Natural
Organic
Inorganic
By End-use Industry
Water & Wastewater Treatment
Oil & Gas
Pulp & Paper
Mining
Others
By Region
North America (By End-use Industry and Country)
U.S. (By End-use Industry)
Canada (By End-use Industry)
Europe (By End-use Industry and Country)
Germany (By End-use Industry)
U.K. (By End-use Industry)
France (By End-use Industry)
Italy (By End-use Industry)
Spain (By End-use Industry)
Rest of Europe (By End-use Industry)
Asia Pacific (By End-use Industry and Country)
China (By End-use Industry)
India (By End-use Industry)
Japan (By End-use Industry)
South Korea (By End-use Industry)
Rest of the Asia Pacific (By End-use Industry)
Latin America (By End-use Industry and Country)
Brazil (By End-use Industry)
Rest of Latin America (By End-use Industry)
Middle East & Africa (By End-use Industry and Country)
GCC (By End-use Industry)
South Africa (By End-use Industry)
Rest of the Middle East & Africa (By End-use Industry)
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