North America Flocculants Market - Segmented by Type, End-user Industry, Ion-type, Application, and Geography - Growth, Trends, and Forecast (2018 - 2023)
The North American flocculants market is estimated to value USD 839.14 million in 2017 and is expected to register a CAGR of 4.47%, during the forecast period, 2018-2023. The demand in North is estimated to rise during the forecast period owing to its rapid growth in the Power and Industrial Applications. 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.
Growing Demand from Power and Industrial Applications
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, such as, environmental regulations against chemical drinking water treatment is expected to hinder the market growth.
Most electric power generation plants require water for their day-to-day operations. The wastewater form power industry contains significant levels of toxic metal impurities, such as lead, mercury, arsenic, chromium, and cadmium, among others. These impurities can cause significant damage to environment, if not treated properly. So, the electric power generation industry needs water treatment chemicals, as flocculants. 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.
United States to Dominate the Market
The United States is expected to dominate the market accounting for around 65% of the North America sales. United States 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. With a boom in the semi-conductor, food processing, fertilizers, and health markets, the demand for industrial gases and chemicals for treatment is also increasing. Hence, growth in the power sector and increased industrial applications are driving the flocculants market’s growth. Increasing government funding, rising investment in research is expected to boost the North American flocculants market.
Major Players: BASF SE, GE Corporation, Huntsman Corporation, Solvay, and Solenis, among others.
Reasons to Purchase this Report
To understand the impact of end-user applications on the market
Analyzing various perspectives of the market with the help of Porter’s five forces analysis
Countries expected to witness the fastest growth during the forecast period
Identifying the latest developments, market shares, and strategies employed by the major market players
3-month analyst support, along with the Market Estimate sheet in excel
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