USD 8.88 billion
Coagulant Market Size, Share, Growth Analysis, By Type(Organic, inorganic and hybrid), By End-use(Water and wastewater, pulp and paper, oil and gas, agriculture and others), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2449 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
63
|Figures:
75
Coagulant Market Insights
Global Coagulant Market size was valued at USD 8.88 billion in 2021 and is poised to grow from USD 9.4 billion in 2022 to USD 14.76 billion by 2030, at a CAGR of 5.8% during the forecast period (2023-2030).
The global coagulant market is a thriving industry driven by the increasing demand for effective water and wastewater treatment solutions, coupled with the rising prevalence of waterborne diseases and growing awareness about the importance of clean water resources. Coagulants play a vital role in the treatment process by facilitating the aggregation of particles and the formation of flocs, aiding in the removal of impurities and contaminants from water. Additionally, the expanding industrial sector, particularly in emerging economies, has led to a surge in demand for coagulants for various applications such as pulp and paper manufacturing, mining, and oil and gas production. The market is experiencing a paradigm shift towards greener and more sustainable solutions, with a growing emphasis on the development of bio-based coagulants derived from natural sources. This shift is driven by the need to reduce the environmental impact of chemical coagulants and meet stringent regulations. Asia Pacific is a key region in the global coagulant market, fueled by rapid industrialization, urbanization, and population growth. The region's increasing demand for clean water resources, along with government initiatives to improve water quality, is propelling the market's growth in countries such as China, India, and Southeast Asian nations. Moreover, advancements in coagulant technologies, including the development of organic and inorganic coagulants with enhanced efficiency and lower environmental impact, are further driving the market growth. However, challenges such as stringent regulatory frameworks and the availability of cost-effective alternatives may pose a restraint to the market's expansion. Nevertheless, the escalating focus on sustainable water treatment practices and the introduction of innovative coagulant formulations hold promising opportunities for the global coagulant market in the foreseeable future.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Inorganic
Fastest Growth
Inorganic
Growth Rate
5.8% CAGR
Global Coagulant Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Coagulant Market Segmental Analysis
Global Coagulant Market is segmented on the basis of type, end-use, and region. By type, the market is segmented into Organic, inorganic and hybrid. By end-use, the market is segmented into Water and wastewater, pulp and paper, oil and gas, agriculture and others. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Analysis By Type
The inorganic coagulant segment is the dominant segment in the global coagulant market. Inorganic coagulants such as aluminum sulfate (alum) and ferric chloride are widely used due to their high efficiency in water treatment processes. They have strong coagulation properties and are effective in removing suspended solids, organic matter, and other impurities from water and wastewater. The dominance of inorganic coagulants can be attributed to their proven track record, wide availability, and cost-effectiveness.
The fastest-growing segment in the global coagulant market is the organic coagulant segment. Organic coagulants, derived from natural sources such as plant-based polymers or bio-based materials, are gaining popularity due to their eco-friendly nature and lower chemical load compared to traditional inorganic coagulants. Organic coagulants offer advantages such as better biodegradability, lower sludge generation, and reduced environmental impact. With increasing focus on sustainability and environmental regulations, the demand for organic coagulants is expected to witness significant growth in the coming years.
Analysis By End-use
The water and wastewater segment is the dominant segment in the global coagulant market. With increasing population and urbanization, there is a growing demand for efficient water treatment solutions to ensure the availability of clean and safe water. Coagulants play a vital role in the removal of impurities and contaminants from water, making them essential in municipal water treatment plants, industrial wastewater treatment, and various other applications.
The fastest-growing segment in the global coagulant market is the agriculture sector. Coagulants are increasingly being used in agriculture for soil and water management, specifically in irrigation and soil stabilization. Coagulants help improve water quality, control erosion, enhance soil structure, and reduce nutrient runoff. As sustainable agricultural practices gain importance and farmers seek effective solutions for water and soil management, the demand for coagulants in the agriculture sector is expected to witness rapid growth in the coming years.
Global Coagulant Market By Type
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Coagulant Market Regional Insights
The dominant segment in the global coagulant market is Asia Pacific. The region experiences significant demand for coagulants due to rapid industrialization, urbanization, and population growth. Countries such as China, India, and Southeast Asian nations are witnessing a surge in demand for water and wastewater treatment solutions to meet the growing need for clean water resources. Moreover, government initiatives aimed at improving water quality and the implementation of stringent regulations further drive the market's dominance in Asia Pacific.
The fastest-growing segment in the global coagulant market is the Middle East and Africa (MEA). The MEA region is experiencing rapid development in various industries such as oil and gas, mining, and infrastructure. The increasing industrial activities in the region necessitate effective water treatment solutions, including the use of coagulants. Additionally, growing urbanization, population growth, and the focus on sustainable water management practices are contributing to the rising demand for coagulants in the MEA region, making it the fastest-growing segment in the market.
Global Coagulant Market By Type
- Largest
- Fastest
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Coagulant Market Dynamics
Drivers
Increasing demand for clean water resources
- One key driver of the global coagulant market is the increasing demand for clean water resources. As the global population continues to grow, there is a rising need for effective water and wastewater treatment solutions to ensure the availability of clean and safe water. Coagulants play a vital role in the removal of impurities and contaminants from water, making them essential in various applications such as municipal water treatment, industrial wastewater treatment, and more.
Restraints
Availability of cost-effective alternatives
- One key restraint of the global coagulant market is the availability of cost-effective alternatives. While coagulants are widely used and effective in water treatment processes, there are alternative technologies and methods emerging that aim to address water treatment challenges. Some of these alternatives include membrane filtration, advanced oxidation processes, and electrocoagulation, which provide alternative means of treating water and wastewater. The availability and adoption of such alternatives can pose a restraint to the growth of the coagulant market, especially if they prove to be more cost-effective or sustainable in specific applications.
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Coagulant Market Competitive Landscape
The competitive landscape of the global coagulant market is characterized by intense competition among key players, leading to constant technological advancements and product innovations. Companies in the market focus on expanding their product portfolios, improving product efficiency, and enhancing their geographic reach through strategic partnerships, acquisitions, and collaborations. Additionally, the market is driven by a strong emphasis on sustainability, with companies investing in research and development to develop eco-friendly and bio-based coagulant solutions. Regulatory compliance, cost-effectiveness, and customer-centric approaches are crucial factors that contribute to the competitiveness within the market. Overall, the market is dynamic and competitive, with players striving to gain a competitive edge through differentiated offerings and market strategies.
Top Player’s Company Profiles
- Kemira (Finland)
- Mitsubishi Chemical Holding Company (Japan)
- Feralco AB (Sweden)
- Avista Technologies Inc. (US)
- ChemTreat Inc. (US)
- Buckman (US)
- Ecolab (US)
- SUEZ (France)
- GE Water & Process Technologies (US)
- AkzoNobel (Netherlands)
- Ashland (US)
- Italmatch Chemicals (Italy)
- Kurita Water Industries Ltd. (Japan)
- Nalco Water, an Ecolab Company (US)
- Accepta (UK)
- SNF Floerger (US)
- Aries Chemical (US)
Recent Developments
- In March 2023, Solenis introduced a new bio-based coagulant, ALAPURE™, derived from renewable plant-based materials, providing an eco-friendly solution for water treatment.
- In October 2022, Kemira collaborated with a research consortium to develop innovative hybrid coagulants with enhanced performance for water and wastewater treatment.
- In June 2022, BASF launched its new range of organic coagulants for water treatment, including the Zetag® ULTRA series, providing improved efficiency and sustainability.
- In November 2021, Mitsubishi Chemical completed the acquisition of Gelest, a leading supplier of advanced materials and specialty chemicals, expanding its product portfolio in the coagulant market.
- In September 2021, SNF Group announced the expansion of its production facility in Riceboro, Georgia, US, to meet the growing demand for polyacrylamide-based coagulants.
Coagulant Key Market Trends
- Increasing focus on sustainable and eco-friendly coagulant solutions: One key market trend in the global coagulant market is the increasing focus on sustainable and eco-friendly coagulant solutions. With growing environmental concerns and regulatory pressures, there is a rising demand for coagulants that have lower environmental impact and reduced chemical load. Companies are investing in research and development to develop bio-based coagulants derived from natural and renewable sources. This trend aligns with the broader sustainability goals and drives the adoption of greener coagulant options, promoting a more environmentally conscious approach to water treatment.
Coagulant Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our Global Coagulant Market analysis, the global coagulant market is experiencing significant growth driven by the increasing demand for efficient water and wastewater treatment solutions. Coagulants play a crucial role in removing impurities and contaminants from water, making them essential in municipal water treatment, industrial wastewater treatment, and other applications. The market is characterized by intense competition among key players, leading to constant technological advancements and product innovations. The industry is witnessing a shift towards sustainable and eco-friendly coagulant solutions, with a focus on bio-based and environmentally conscious options. Asia Pacific dominated the market due to rapid industrialization and population growth, while the Middle East and Africa region show promising growth potential. However, the availability of cost-effective alternatives poses a restraint to market expansion. Overall, the global market is dynamic and competitive, with a strong emphasis on sustainability and regulatory compliance.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 8.88 billion |
| Market size value in 2031 | USD 14.76 billion |
| Growth Rate | 5.8% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Coagulant Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Coagulant Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Coagulant Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Coagulant Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Coagulant Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Coagulant Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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