LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global flocculants market is expected to reach USD 11,807.4 million by 2021, growing at a CAGR of more than 9%.
This research report titled ‘Global Flocculants Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
The global flocculants market is anticipated to grow at a fast rate during the forecast period. The primary reason for the demand for flocculants is their increasing application in the engineering and construction industries. Flocculation is also of high importance in wastewater treatment. In various regions, local governments have made it compulsory for chemical industries to treat their waste water in adherence with regulations.
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Technavio’s analysts categorize the global flocculants market into four major segments by technology. They are:
- Water and wastewater treatment
- Oil and gas
- Mineral extraction
- Others
The top three segments based on the application in the global flocculants market are discussed below:
Global flocculants market for water and wastewater treatment application
The application of flocculants in water and wastewater treatment is growing at a fast rate. This application has the largest share in the global flocculants market. The treatment of water and wastewater includes municipal water and industrial water.
According to Ajay Adhikari, a lead specialty chemicals research analyst from Technavio, “In water treatment, the main objective is to remove undesirable chemicals, materials, and biological contaminants from raw water and to ensure the water quality for human consumption. Most municipal water is purified for human consumption.”
Global flocculants market for oil and gas application
Flocculants are widely used in the oil and gas segment. Water treatment chemicals are used in oil and gas exploration, production, refining, and recycling operations. Flocculants can be used to treat frac water and can also be used to oxidize chemicals, particularly iron sulfide.
“Biocides control odor by oxidizing hydrogen sulfide emanating due to fracturing operations and provide a safer work environment. An uptrend in oil and gas extraction would, in turn, increase the consumption of water treatment chemicals such as flocculants,” says Ajay.
Global flocculants market for mineral extraction
The metals and mining industries involve handling of hot and molten metals. As a result, there is the intense use of cooling towers, hence these cooling towers and production equipment are often at risk of fouling such as scaling/crystallization fouling, particulate/sedimentation fouling, corrosion fouling, chemical fouling, and biological fouling and scale formation.
Water treatment chemicals are widely used in ore processing and metal production. The effluent generated contains various chemical contaminants and needs intense filtration before reuse or disposal into river streams.
The top vendors highlighted by Technavio’s research analysts in this report are:
- AkzoNobel
- BASF
- Evonik
- Kemira
- Solvay
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About Technavio
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, re-sellers, and end-users.
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