Global Inorganic Coagulants Market Size To Worth USD 7.12 Billion By 2033 | CAGR of 7.09%
Category: Chemicals & MaterialsGlobal Inorganic Coagulants Market Size Worth USD 7.12 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Inorganic Coagulants Market Size is Expected to Grow from USD 3.59 Billion in 2023 to USD 7.12 Billion by 2033, at a CAGR of 7.09% during the forecast period 2023-2033.
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Browse key industry insights spread across 210 pages with 115 Market data tables and figures & charts from the report on the "Global Inorganic Coagulants Market Size, Share, and COVID-19 Impact Analysis, By Type (Aluminium Based, Iron Based, and Others), By Application (Municipal, Pulp & Paper, Textiles, Oil & Gas, Power Generation, Mining & Metallurgy, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/inorganic-coagulants-market
The inorganic coagulants market refers to the market for chemical agents that are used to remove impurities from water in a wide variety of water treatment operations, such as food and drink manufacturing and oil purification. Due to continuous technical improvements and the requirement to comply with environmental criteria for sustainable and efficient water purification, these coagulants are essential in satisfying the growing demand for clear water around the world. The innovations in packaging and delivery systems that lead to the competitive edge for manufacturers are offering lucrative market opportunities. The increasing demand for water treatment solutions along with the increasing population, urbanization, and industrialization is responsible for driving the inorganic coagulants market. In addition, the surging adoption of inorganic coagulants by the companies due to stringent government regulations and minimizing environmental impact is propelling the market growth. On the contrary, the environmental concerns associated with the use of inorganic coagulants along with the regulatory pressures and economic considerations are hampering the global inorganic coagulants market.
The aluminium based segment held the largest revenue share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the type, the inorganic coagulants market is classified into aluminium based, iron based, and others. Among these, the aluminium based segment held the largest revenue share in 2023 and is expected to grow at a significant CAGR during the forecast period. Aluminium based coagulants are extensively used in the pulp and paper, textile, and oil and gas sectors. The substantial industrial use of aluminium-based coagulants, stringent government regulations on water treatment, and the increasing need for safe and clean water are driving the market expansion.
The municipal segment accounted for the largest revenue share in 2023 and is expected to grow at a significant CAGR during the forecast period.
Based on the application, the inorganic coagulants market is classified into municipal, pulp & paper, textiles, oil & gas, power generation, mining & metallurgy, and others. Among these, the municipal segment accounted for the largest revenue share in 2023 and is expected to grow at a significant CAGR during the forecast period. Inorganic coagulants have a crucial role in municipal water treatment applications for providing safe and clean drinking water to communities. Aluminium sulfate (alum) and ferric chloride are used in the municipal segment for coagulation and flocculation process.
Asia Pacific is estimated to hold the largest share of the inorganic coagulants market over the forecast period.
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Asia Pacific is estimated to hold the largest share of the inorganic coagulants market over the forecast period. The increased water pollution and the imperative for robust water treatment solutions due to the region’s rapid industrialization, urbanization, and population growth are propelling the market growth. The upsurging application of inorganic coagulants such as alum and ferric chloride in water treatment facilities is driving the market demand for inorganic coagulants.
North America is predicted to grow at the fastest CAGR in the inorganic coagulants market over the forecast period. The growing demand for potable water, a large industrial base, and the presence of significant manufacturers are contributing to driving the market in the region. The stringent water quality regulations that ensure an increased demand for coagulants in water treatment processes is propelling the market demand.
Major key players in the global inorganic coagulants market include AKKIM, BASF SE, GEO Specialty Chemicals, Hawkins, Alumichem, Kemira, Chemtrade Logistics, Thatcher Company, ChemREADY, Feralco AB, Holland Company Inc., Chemtrade Logistics Inc., Aries Chemical, Inc., INCOPA, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Recent Developments
- In July 2022, Chemtrade Logistics Income Fund announced a joint venture with the privately held Kanto Group for the greenfield construction of a high-purity sulphuric acid plant.
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the inorganic coagulants market based on the below-mentioned segments:
Global Inorganic Coagulants Market, By Type
- Aluminium Based
- Iron Based
- Others
Global Inorganic Coagulants Market, By Application
- Municipal
- Pulp & Paper
- Textiles
- Oil & Gas
- Power Generation
- Mining & Metallurgy
- Others
Global Inorganic Coagulants Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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