Global Flocculant and Coagulant Market
Dublin, Jan. 31, 2024 (GLOBE NEWSWIRE) -- The "Global Flocculant & Coagulant Market by Type (Coagulant, Flocculant), End-use Industry (Municipal Water Treatment, Paper & Pulp, Textile, Oil & Gas, Mining), and Region - Forecast to 2028" report has been added to ResearchAndMarkets.com's offering. Wicker Furniture
The global flocculant & coagulant market is estimated to be USD 10.4 billion in 2023 and projected to reach USD 12.5 billion by 2028, at a CAGR of 3.8%
Implementation of stringent environmental regulations across the globe for wastewater treatment, limited availability and declining freshwater resources, growth in mining and mineral processing are the factors driving the market for flocculants & coagulants. However, alternative water treatment technologies, high cost related to acquiring and using flocculants and coagulants.
Emerging trends towards eco-friendly and biodegradable flocculant and coagulant, and rapid industrialization and urbanization in emerging economies are expected to offer significant growth opportunities to manufacturers. Major challenges faced by the players in this market are the stringent environmental regulations pertaining to use on chemicals for the formulation of flocculant and coagulant.
APAC is the largest and the fastest-growing market for flocculants & coagulants. The region leads the flocculant and coagulant market's growth due to rapid industrialization and urbanization, particularly in China and India, leading to increased wastewater. Stringent environmental rules aimed at enhancing water quality drive demand. Expanding sectors like manufacturing, mining, and municipalities contribute to higher utilization.
Heightened awareness of water scarcity and the emphasis on sustainable water management practices further boost the adoption of these chemicals, solidifying Asia-Pacific's status as the market's fastest-growing region.
Wicker Couch Sofa The flocculant & coagulant market is dominated by a fever