Global coagulant market is set to gain remarkable traction over 2021-2027, owing to the rapid urbanization and the subsequent rise in the generation of industrial wastewater worldwide. Likewise, the capability of this substance to reduce suspended solids, including oil and organics, from influent and effluent wastewater will further boost the demand for coagulant agents over the forecast spell. Coagulation refers to a part of water treatment systems that is used for separating suspended particles in water and producing clear and suspension-free effluent. This process requires the addition of compounds such as coagulants for the treatment of wastewater systems. These coagulants, which are used in the treatment of wastewater and drinking water, are divalent positively charged chemical compounds.
Rising scarcity of freshwater in the U.S., despite being considered an abundant resource, is one of the key trends characterizing the overall coagulant market expansion. Misallocation and overuse of fresh surface water from reservoirs, lakes, and rivers as well as diminishing levels of precipitation have led to a considerable decline in aquifer levels in the U.S. This has created a greater requirement for effective water treatments, in turn driving up demand for coagulant agents. The significant expansion of the textile industry across developing nations like India will further drive the industry share, as coagulation plays a major role in the pretreatment of textile wastewater.
Based on type, the global coagulant market from the aluminum sulfate segment will register a strong revenue by 2027. This can be attributed to the growing acceptance of alum as a broadly used coagulant, owing to its efficacy, cost-effectiveness, and increased availability. Additionally, its adoption as a viable option for water treatment and coagulation in third-world countries and the U.S. will also amplify aluminum sulfate coagulant industry growth over the foreseeable future.
From a regional perspective, the Europe coagulant industry will exhibit an appreciable growth rate through 2027, due to the rising concerns and impacts associated with sewage discharges on rivers. According to the Environment Agency’s data, water companies discharged raw sewage into rivers more than 400,000 times in England in 2020.In order to counteract this, many water entities are bolstering their spending on sewers, treatment centers, and other sectors, which could bolster the adoption of coagulants for water purification in the region.
The competitive landscape of the global coagulant industry consists of companies such as Dow Chemical Company, SNF (S.P.C.M. SA), Suez Water Technologies, Ecolab, Feralco Group (Mellby Gård AB), Lanxess, Thermax (RDA Holdings Pvt. Ltd.), Kemira, DSM, and Yara International, among others. Strategic mergers and acquisitions, business expansions, and innovative product launches are key initiatives being employed by these companies to sustain their strong presence across the global market. For instance, in June 2021, Kemira announced the near completion of a pre-engineering phase for a project to boost the capacity of polyaluminum chloride, a coagulant used for wastewater and raw water treatment, from its plant in Yanzhou, China. This project was geared towards effectively serving the robust demand for effective water treatment solutions across the APAC markets.
Declining Mining Activities During COVID-19 to Impact Coagulant Market Trends:
The novel coronavirus pandemic has had massive health and economic impacts globally, due to the prioritization of health over economic activities to contain the virus spread. The pandemic has also posed an unprecedented social crisis and negatively affected numerous industries. In mining, for instance, it has caused a short- and long-term impact on workforce, leading to the suspension of mineral production and unemployment issues. These aforesaid factors may create roadblocks to the steady growth of the coagulant industry, as the mining industry is a significant end-user of the substance.
However, the revival of the paper industry, despite being hard hit during the initial months of the coronavirus pandemic, is likely to contribute to the coagulant industry share in the years ahead. In addition, the steady recovery of the textiles and apparel sector during the second quarter of the fiscal year 2021 will increase the adoption of coagulants to treat wastewater in these industries.