Global Flocculants Market 2017-2021
Flocculation is a process that assists in particle cluster formation, thus effectually separating harmful particles from waste water. It is an essential phenomenon in industrial wastewater treatment. Water usually contains organic matter such as bacteria, particles of decayed plants, and plankton, which makes it contaminated. In the following plant flow diagram, a typical wastewater treatment process is depicted.
Technavio’s analysts forecast the global flocculants market to grow at a CAGR of 9.23% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global flocculants market for 2017-2021. To calculate the market size, the report considers the revenue generated from the sales of flocculants.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Flocculants Market 2017-2021
Technavio recognizes the following companies as the key players in the global flocculants market: AkzoNobel, BASF, Evonik, Kemira, and Solvay
Other Prominent Vendors in the market are: Aditya Birla Chemicals, Feralco, Huntsman, and SNF Group
Commenting on the report, an analyst from Technavio’s team said: “The global flocculants market is dominated by several conglomerates. Owing to their strong financial advantage over small and medium-sized competitors, they are investing significant capital in R&D and marketing. Technavio expects considerable consolidation in the market over the next five years, with many small players being acquired by the major ones, as well as an increase in the number of strategic collaborations. The acquisitions will enable the large players to maintain their dominant positions in the market and limit the price-based competition to some extent. However, this trend has advantages and disadvantages. While it may often be perceived to limit the bargaining power of consumers, it helps major vendors to sustain increasing R&D expenditures and in the launch of innovative, effective, and environment-friendly product offerings.”
According to the report, in many regions, the municipal water and wastewater treatment plants often choose chemicals that offer a competitive price-performance ratio. Moreover, public water treatment plants are choosing chemicals that are easily available in short period. Hence, chemicals that justify the price-performance criteria by offering value-added features are likely to experience better growth. This, in turn, is likely to lead to a more profitable treatment process. Therefore, the increasing demand for cost-effective chemicals is one of the most promising driving factors for this market.
Further, the report states that the cost of raw materials, as well as energy generation and logistics, strongly influences the overall water and wastewater treatment chemical production costs. This, in consequence, increases wastewater treatment chemical prices. Therefore, other cost-saving treatment methods (such as mechanical or biological), rather than those based on chemicals, are becoming popular. The municipal water and wastewater treatment industry is highly price-sensitive. Therefore, it is crucial to purchase the most effective solutions at the appropriate price. The unstable prices of raw materials cause major difficulties in water and wastewater treatment chemicals manufacturers’ budgetary plans. As it is difficult to plan the volume of demand for chemicals, some manufacturers exited the municipal market and switched to the industrial water and wastewater treatment market. In Europe, growing production costs dictated by unstable raw material prices and increasing energy costs significantly restrain the wastewater treatment chemicals market.
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AkzoNobel, BASF, Evonik, Kemira, Solvay, Aditya Birla Chemicals, Feralco, Huntsman, and SNF Group
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