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Global Flocculants Technologies Markets Research Report

PressReleasePing - March 20, 2017 -The global flocculants market should reach $6.8 billion by 2021 from $5.0 billion in 2016 at a compound annual growth rate (CAGR) of 6.2%, from 2016 to 2021. INTRODUCTION Flocculation is a process of forming aggregates from suspension. Flocculants consist of anionic, nonionic and cationic polymers having different molecular weights. Flocculants are used to clarify and separate impurities from water. Flocculants are used primarily for treating water and wastewater. In terms of revenue, the global flocculants market was valued at nearly $4.8 billion in 2015. It is expected to increase to about $6.8 billion by 2021, at a CAGR of 6.2% from 2016 to 2021. In terms of volume, the global flocculants market was valued at 1,401.2 kilotons in 2015. It is expected to increase to 1,844.2 kilotons by 2021, at a CAGR of 4.6% from 2016 to 2021. The economics of the flocculants market is dependent on the price elasticity of demand for flocculants as compared to demand for other water-treatment chemicals. The price elasticity of demand for flocculants is relatively high due to the following three factors: 1. Flocculants are not considered to be a necessity in developing countries; in these countries, consumers are ready to switch to cheaper alternatives to flocculants. 2. Due to the standardized nature of flocculants, producers face difficulties in developing innovative flocculant-based products. 3. Low-cost substitutes of flocculants are present in the market. Due to these factors, the price elasticity of demand for flocculants is quite high. By changing the price of flocculants by a small amount, the total quantity demanded can change greatly. Among the major economic contributions of flocculants are decreased healthcare costs for noncommercial users because of drinking flocculated water supplies and decreased equipment maintenance costs for industrial settings that use water treated by flocculants. Furthermore, the rising price of water has influenced industrial users to use recycled waters. Using waters recycled through flocculants decreases the operational costs of industrial users. For example, in a study published by the University of California in 2008, it was found that using recycled water can decrease operational costs of municipalities and industries significantly. Using cost-benefit analysis, it has been found that use of flocculants in water-recycling projects increases economic competitiveness for municipalities and industries in the long run. Municipal water supplies contain impurities such as metal ions and salts, among others. Drinking such water can cause various diseases in humans and other animals. Water disposed by various industries also contains heavy amounts of metal ions, hydroxides, and salts, among other impurities. Due to the presence of these impurities, these water supplies not only lessen environmental sustainability, but also decrease the longevity of equipment used in industrial settings. In order to avoid such problems, flocculants are used in both municipal and industrial water-treatment and wastewater-treatment projects. Industries such as oil and gas, power generation, manufacturing, pulp and paper, refineries, and metal and mining consume higher amounts of flocculants as compared to municipalities. In terms of revenue and volume of consumption, industrial end users accounted for a 65.4% and 62.6% share of the flocculants market in 2015, respectively. Flocculants have major applications in water-treatment and wastewater-treatment processes. In both municipal and industrial water-treatment projects, flocculants are widely used. Within the industrial segment, flocculants are used in the power-generation industry, manufacturing industry (chemical processing, pulp and paper, food and beverages, and pharmaceutical, among others), oil and gas industry, and mining and metal industry, among others. The growing demand for water treatment and wastewater treatment in municipal and industrial settings globally has positively impacted the growth of the flocculants market. Moreover, stringent environment regulations imposed by regulatory institutions have motivated industrial players to use water-treatment chemicals. Furthermore, an increase in mining activities has fueled the demand for synthetic flocculants such as polyacrylamide and its derivatives. Moreover, product innovation related to polyacrylamide has created opportunity for producers to enter the synthetic flocculants market. 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