The organic coagulant market is projected to reach at USD 3,811.5 million in 2030 with a CAGR of 9% in the years to come. The major reasons for this development of the industry are the scarcity of drinking and fresh water in residential and industrial areas along with the rising population, and urbanization.
And the rising demand for facilities like sewage treatment, industrial water treatment, fertilizer production, food & beverage industry, and paper manufacturing helps the demand for the chemical to grow.
The oil & gas category will grow at a highest CAGR of 10% over the years, which is driven by the increasing use of organic chemicals with water at a required concentration for drilling and petroleum extraction purposes.
While, onshore and offshore operations both require different filtration processes as in onshore normal water is available, whereas offshore require advanced system to filter seawater.
Moreover, the increasing government focus to implement policies for water quality monitoring because of the increasing population all over the world. Strict regulations to prevent the direct release of harmful chemicals from industries and untreated sewage into water bodies.
Some of the policies like the Urban Waste-Water Treatment Directive in Europe and the U.S.’s Environmental Protection Agency regulations are ensuring the quality of drinking water sources. These regulations are driving the growth of the industry.
APAC will grow the fastest in the organic coagulant market at a CAGR of 9.5% in the years to come due to the rapid urbanization and industrialization with rising population along with the rising investments in water treatment plant development and strict regulations on sewage disposal. Countries like India, China, South Korea, and Japan are expanding their contribution for the water treatment.
