Coagulant Market Trends

  • Report ID: 3555
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Coagulant Market Trends

Growth Drivers

  • Rising Industrial Activities - Effective coagulation, is one of the most often employed water treatment chemicals in industrial processes, that can assist in stabilizing treatment performance despite the unpredictability of industrial activities.
  • Growing Cases of Surgery - The escalating use of coagulants in the healthcare sector, to boost the blood clotting process in patients of surgery or accidents, is estimated to boost the coagulant market growth. The majority of blood tests and coagulation tests are identical since they determine how quickly and easily blood clots are to assist doctors in determining the risk of experiencing severe bleeding or thrombosis and keeping an eye on the patient. For instance, globally, more than 300 million major surgical procedures are carried each annually.
  • Use of Coagulant in Pulp and Paper Industry- The pulp and paper sector is currently dealing with stricter regulations regarding wastewater discharge requirements and related licenses, which has resulted in an increasing usage of coagulants to treat pulp and effluent by controlling anionic waste. Moreover, large amounts of black liquors are produced as byproducts of both wood and non-wood pulping processes, which necessitate the use of electrocoagulation as an efficient, quick, and affordable method for treating black liquor.

Challenges

  • Growing Environmental Concerns Resulting from the Production of Coagulants- About half of the sludge produced by chemical coagulation is produced by electrocoagulation which has certain negative effects on the environment and health. Chemical-based coagulants, such as poly-aluminum and aluminum sulfate, have produced extremely toxic sludge for a long time, which has had varying consequences on the environment and may result in neurological illnesses. Similarly, disposing of sludge might become difficult when inorganic coagulants are used as they produce massive amounts of metal-rich floc that need to be disposed of in an environmentally responsible way, which can raise the cost of disposal significantly. Besides this, the extremely caustic sludge produced by the metal-based coagulants and the sodium hydroxide, increases operational carbon emissions, in addition to being expensive.
  • High Circulation of Generic Chemicals
  • Competition with Flocculants
  • Exorbitant Cost of Advanced Coagulants

Coagulant Market: Key Insights

chemicals Graph

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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.

Base Year

2024

Forecast Year

2025-2037

CAGR

6.5%

Base Year Market Size (2024)

USD 6.93 billion

Forecast Year Market Size (2037)

USD 15.71 billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)

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Browse Key Market Insights with Data Illustration:


Author Credits:  Rajrani Baghel


  • Report ID: 3555
  • Published Date: Nov 08, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

In the year 2025, the industry size of coagulant is estimated at USD 7.29 billion.

The coagulant market size was over USD 6.93 billion in 2024 and is anticipated to cross USD 15.71 billion by 2037, witnessing more than 6.5% CAGR during the forecast period i.e., between 2025-2037. The growing consumption of contaminated water across the globe and the growing development of natural coagulants will drive the market growth.

Asia Pacific industry is expected to dominate majority revenue share of 35% by 2037, impelled by increasing number of water treatment plants in the region.

The major players in the market include BASF SE, DuPont de Nemours, Inc., The Dow Chemical Company, 3M, Orenco Systems, Inc., SUEZ Groupe SAS, Buckman Laboratories, Inc., Pentair plc, Xylem, Feralco AB
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