North America Flocculants Market – Growth, Trends and Forecasts (2017 - 2022)
The North American flocculants market is estimated to value USD 839.14 million in 2017 and USD 1,042.44 million by 2022, registering a CAGR of 4.43% during 2017-2022 (the forecast period). The demand for flocculants in North America is facing challenges, due to the stringent government regulations imposed on industries to control wastewater disposal, as a bid to protect the environment.
Flocculants are used in water purifiers and sewage treatment plants. Moreover, these substances are required to treat industrial wastewater. The water-treatment process comprises of grates, coagulation, flocculation, sedimentation, granular filtration, and disinfection. Mining is an important end-user segment for flocculants and regulations against the chemical drinking water treatment; however, negative trends in the sector are expected to hinder the market growth.
Rising shale-gas extraction in North America is expected to boost the demand for water and wastewater technologies. Flocculants, an important initial step of every water-treatment technology, is anticipated to benefit from the growing shale gas explorations.
The market has been segmented on the basis of type, chemical, ion-type, and end-user industry. Artificial is expected to dominate the market by type among natural and artificial. In 2017, polyacrylamides segment is expected to dominate the market, in the chemical segment. The municipal end-user industry is expected to dominate the North American market, in terms of flocculants consumption.
Geographically, the market has been segmented into the United States, Canada, Mexico, and Rest of North America. In 2017, the United States is expected to dominate the market, as it is one of the top industrialized countries, with multiple industries operating in heavy, medium-scale and small-scale categories, where usage of flocculants is high.
AREAS WITH SCOPE FOR NORTH AMERICA FLOCCULANTS MARKET
In the aforementioned countries, due to government funding operations, investment in research is increasing at a rapid rate. This factor is expected to boost the North American flocculants market.
Why Purchase the North American Flocculants Market Report?
• To know the latest regulations and policies of the North American flocculants market
• Analyzing various market perspectives with the help of Porter’s five forces analysis
• Applications that are expected to witness the fastest growth during the forecast period
• Identify the latest developments, market shares, and strategies employed by major market players, such as:
o BASF SE
o GE Corporation
o Huntsman Corporation