Flocculants play a pivotal role in the wastewater treatment sector for solids removal, water clarification, lime softening, sludge thickening and solid dehydration. Flocculants are chemicals that are used to precipitate insoluble compounds and enhance the aggregation of suspended particles. Due to the ability of flocculating agents to remove suspended solids by aggregating contaminants, they have high applicability in major sectors such as wastewater treatment, oil & gas, food & beverages and mining. The mixture of flocculants with coagulants causes aggregation of particles into flocs, thereby allowing easy removal of such suspended particles. 

The growing demand for clean water for drinking and various household purpose has increased the establishment of wastewater treatment facilities by major countries to cater to such needs. Such as the recent announcement by the U.S Government in Q4 of 2021, that the government would construct a waste-water treatment plant in California, Florida and Sonora to upgrade the water treatment facilities as well to cater to the growing need for purified water in the areas. Additionally, the establishment of a wastewater treatment facility by the Western Australian Government, in September 2020, is upscaling the water treatment and supply capacity in Greater Bunbury. Such rising establishment of wastewater treatment facilities is considered the primary factor which is fueling the growth of the flocculants market. The Flocculants  Market is observed to grow at a CAGR of 7.9% during the forecast period 2022-2027 and will reach an estimated revenue of US$1.4 billion by 2027.

Flocculants Market: Leading Segment is Waste-Water Treatment

Based on the end-use industry, the Flocculants market can be segmented into oil & gas, food & beverage, wastewater, mining, paper & pulp and power generation. Wastewater treatment is being evaluated to be the leading segment of the flocculants market. During the forecast period 2022-2027, the wastewater treatment segment is expected to grow with a CAGR of 8.4%. This can be attributed to various factors such as the growing investments and the project launches relating to the construction of wastewater treatment facilities on a global level.

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Flocculants Market: Leading Segment in Asia-Pacific

Based on geography, the Flocculants market can be segmented into North America, South America, Europe, APAC and the Rest of the World. According to the analysis, in 2021, the Asia-Pacific region emerged as the most profitable region in the market and held a 43% share of the total revenue earned by the market globally. Major Asia-Pacific countries such as China, India, Australia, Japan and others are undertaking various investments and projects relating to wastewater treatment plant establishment, to increase clean water access to people. For instance, China announced in early 2020, to invest US$81.6 billion over the next five years for the development of new wastewater treatment plants, whereas the Delhi government announced in 2021 to build India’s biggest wastewater treatment plant. Owing to such development, the demand for flocculants for water treatment applications is expected to boost the flocculants market growth in the Asia-Pacific region.

Flocculants Market: Competitive Landscape

Key companies holding major shares in the Flocculants market are BASF SE, SNG Floerger, Ecolab Inc, Kemira, Solenis LLC, Buckman Laboratories, Feralco AB, Suez S.A, Ixom Operations Pvt Ltd and Kurita Water Industries.

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