The flocculants and coagulants market will increase from $10,270.2 million in 2017 to $14,225.3 million by 2023. Population growth leads to rapid urbanization and industrialization, which generate pollutants that contaminate water. This causes several waterborne diseases, which lead to an increase in water treatment processes that require significant use of flocculants and coagulants.
The application segment of the flocculants and coagulants market is categorized into the water and wastewater treatment, mineral and extraction, oil and gas, pulp and paper, and others that include agriculture and medical. Among these, the water and wastewater treatment category held the largest market share in 2017, due to the growth in demand for these chemicals from municipalities to treat water and strict government regulations regarding the consumption of water for public health. Owing to these reasons, the category is also expected to display the fastest growth in the forecast period.
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According to P&S Intelligence, the Asia-Pacific nations consumed the highest volume of flocculants and coagulants in 2017. Furthermore, the region is expected to generate high demand for these substances from the expanding chemical industries. Additionally, rapid economic growth and urbanization are augmenting the demand for clean water that is obtained after being processed in water treatment plants. Thus, these plants deploy large quantities of flocculants and coagulants to treat water. Moreover, these chemicals also find a widespread application in the metal, food and beverage, and oil and gas industries in APAC.
Thus, the growing awareness regarding water pollution and soaring demand for clean water, on account of urbanization and economic growth, will add to the consumption of flocculants and coagulants in coming years.
Read more: https://www.psmarketresearch.com/market-analysis/flocculants-and-coagulants-market
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