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The market is being driven by the growing efforts of governments worldwide towards implementing water treatment regulations. Moreover, the municipal segment of the market is expected to propel the market growth over the forecast period. This can be attributed to the large volume of water required for various industrial applications in developing countries like India and China. Furthermore, there has been an observed growth in the demand for flocculants from the pulp and paper as well as the food processing industries for the treatment of water that is further used for numerous industrial procedures. This, in turn, has significantly enhanced the demand for water clarifiers in various application sectors. Additionally, the rising demand for coagulants owing to their wide applicability and cost-efficiency is likely to have a positive impact on the progress of the market.
Recently, some key industrial developments have shown the potential to be the key drivers for the market over the forecast period. For instance, in January 2020, Evoqua Water Technologies (NYSE: AQUA), in collaboration with Riordan Materials Corporation and Nittany Engineering & Associates, upgraded the Bellefonte Borough Authority Wastewater Treatment Plant. This upgradation work involved the installation of new water clarifiers, which increased the plant’s maximum capacity to 3.2 million gallons per day. In a similar case, CBCL Ltd. took up the project of upgrading the Charlottetown Wastewater Treatment Plant. The work involved the replacement of water clarifiers dating back to 1970, with new ones. Thus, such developments are expected to aid the industry growth in the coming years.
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The major players in the global water clarifiers market are BASF SE, Suez Water Technologies & Solutions, Aries Chemical Inc., Ecolab Inc., Murugappa Organo Water Solutions Private Limited, and Parkson Corporation, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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