by Flocculants and coagulants are extensively used in water and wastewater treatment processes to remove solid and suspended particles from water bodies. They bind with suspended solids, precipitates, other colloidal particles, and dissolved compounds present in water and help in their sedimentation. Flocculants form agglomerates or flocs that bind the impurities together making the solid particles larger so that they can easily settle down at the bottom, while coagulants neutralize the electrical charges of suspended particles allowing them to clump together. Some common flocculants used are polyacrylamide, polyDADMAC, and natural flocculants such as chitosan and Moringa oleifera. Metallic salts such as ferric chloride and aluminum sulfate are frequently used as coagulants.
The global flocculant and coagulant market is estimated to be valued at US$ 10.4 Bn in 2024 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the major trends contributing to the growth of the flocculant and coagulant market size is the increasing focus on wastewater recycling and reuse. With freshwater sources depleting and populations rising, wastewater treatment and recycling is becoming important globally. Flocculants and coagulants play a vital role in wastewater treatment processes helping remove contaminants and facilitate water recycling. They improve the quality of treated effluents allowing safe reuse of water for various non-potable purposes like agricultural and landscape irrigation, industrial processes, firefighting, etc. This is propelling the demand for advanced and effective flocculation and coagulation chemicals. Another key trend is the development of bio-flocculants obtained from natural polymers. Compared to traditional inorganic and synthetic flocculants, bio-flocculants have lower toxicity and environmental impacts making them a more sustainable option. Their market growth will be fueled by stringent regulations regarding usage of hazardous chemicals.
Porter’s Analysis
Threat of new entrants: Low: High initial capital investment, established distribution channels, and brand loyalty pose significant barrier for new players.
Bargaining power of buyers: Moderate: Buyers have moderate bargaining power due to significant number of established players offering substitutable products.
Bargaining power of suppliers: Moderate: Suppliers have moderate bargaining power due to availability of alternative raw material suppliers and established relationships with buyers.
Threat of new substitutes: Low: Limited availability of cost-effective substitutes due to compliance with quality and environmental standards.
Competitive rivalry: High: Significant number of global and regional players offering differentiated products based on quality, reliability, and pricing resulting in high competitive rivalry.
Key Takeaways
The global flocculant and coagulant market is expected to witness high growth. The global flocculant and coagulant market is estimated to be valued at US$ 10.4 Bn in 2024 and is expected to exhibit a CAGR of 6.2% over the forecast period 2023 to 2030.
North America currently dominates the market globally driven by stringent regulations regarding water treatment. Asia Pacific is expected to witness fastest growth owing to increased industrialization and population growth in countries such as China and India. Additionally, implementation of stringent regulations regarding wastewater discharge in countries such as China, Japan and India is further augmenting the market growth.
Key players operating in the flocculant and coagulant market are Chanel S.A.,Estée Lauder Companies Inc.,L’Oréal S.A.,Shiseido Company, Limited,Coty Inc. Chanel S.A. is one of the leading players focusing on expanding its global distribution channels and product portfolio through mergers and acquisitions.
