Coagulant Market

The global coagulant market was valued at USD 6,363.4 million in 2018 and is projected to reach USD 9,460.4 million by the end of 2025, at a significant CAGR of 5.93% during the forecast period. In terms of volume, the global market was pegged at 12,074.5 kilotons in 2018 and the demand is projected to reach 16,817.0 kilotons by the end of 2025. The protuberant factor favoring the growth of the global market is the increasing demand for chemically treated water from various end-use industries. Likewise, stringent regulations regarding the discharge and reuse of contaminated wastewater across the globe are also projected to fuel the growth of the global coagulant market during the review period.

Rapid industrialization and urbanization along with population growth have increased the pressure of the governments across various countries to invest extensively in the development of water & wastewater treatment plants in order to meet the growing water demand and check on increasing water pollution and the degrading water bodies. Over the past three decades, the continuous growth in the volume of untreated wastewater, as well as the release of hazardous chemicals and materials into water bodies, have created an urgent need to monitor and control water quality. Therefore, the treatment and disposal of wastewater are strictly regulated, and legal frameworks are implemented and enforced across the globe to bestow benefits to humans and the ecosystem. These factors are expected to significantly drive the growth of the global coagulant market during the forecast period.

The global coagulant market has been segmented based on type into organic coagulants, inorganic coagulants, and organic & inorganic coagulant blends. The inorganic coagulant segment, in terms of volume, dominated the global coagulant market with 66.4% share in 2018 and is expected to register a CAGR of 4.96% during the forecast period, 2019—2025. However, the organic & inorganic blends segment is projected to register the highest volume CAGR of 6.16% during the forecast period.

By end use, the global coagulant market has been divided into water & wastewater treatment, pulp & paper, oil & gas, agriculture, and others. Among these, the water & wastewater treatment segment dominated the global coagulant market in 2018 with 66.4% value share. The demand for coagulants in the water & wastewater treatment segment is expected to increase significantly driven by stringent regulations for water treatment across the globe and increasing pressure on water resources. The paper & pulp industry accounted for the second-largest share of 12.6% of the global coagulant market in 2018.

The global coagulant market has been studied across five regions, namely Asia-Pacific, North America, Europe, Latin America, and the Middle East & Africa. The market in Asia-Pacific dominated the global market with a share of 30.2% in 2018 and is projected to register the highest CAGR of 7.29 % to reach USD 3,124.1 by the end of 2025. This is mainly attributed to rapid industrialization, stringent regulations, and high investments in the development of water & wastewater treatment facilities.