The global flocculant industry is likely to grow at a higher CAGR in the near future. Flocculants offer several advantages in water treatment applications. For instance, enhanced clarity of aqueous, filtration on drying beds & thickeners and centrifuges are some of the advantages sought. Apart, flocculation enhances the particle size from submicroscopic level to a clearly visible suspended particle.
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At present, flocculant industry plays a vital role for various domains including food & beverage for treating wastewater. In excavation and mining applications, flocculants used for eliminating mud from minerals in the treatment process. The end-market surely beholds a potential in the near future with the rise in industrialization coupled with global drivers.
The drivers for flocculant industry include rise in industrialization and demand for water treatment. Increase in demand for use of chemicals in municipal water treatment lead by government policies and regulations pertaining to water use for residential purpose contributes to the market growth during at present. Rise in oilfield exploration and advances in oil & gas industry are contributing to the industry. However, rise in demand for RO filtration and UV disinfection challenges the market growth in the near future.
Product segment for flocculant industry includes non-ionic flocculant, amphoteric flocculant, anionic flocculant and cationic flocculant. End-use segment for flocculant industry includes chemical processing, power generation, municipal water treatment, oil & gas and pulp & paper.
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Geographical segmentation for flocculant industry comprises North America, South America, Europe, Asia-Pacific, Middle East and Africa. Asia-Pacific dominates the market growth due to higher demand from chemical industries. Economic growth and significance of industrial output contributes to the market demand in the near future. Availability of raw materials for production and rising demand from various industries is likely to gain much traction for the regional market.
North America is a growing market witnesses a remarkable growth due to rise in demand from oil & gas industries. European regions are likely to witness stagnant growth due to stringent regulations by federal bodies such as European Environment Agency (EEA). Middle East regions are likely to encounter a higher traction enabling lucrative growth opportunities in the region. The key players in the flocculant industry include Ecolab Inc, Solvay S.A., Kemira Oyj, Akferal, SNF Ltd, Cytec Industries Inc, Jayem Engineers, TRIO Chemicals, BASF SE and Allied Products.
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