The Flocculant and Coagulant market in APAC is projected to reach USD 708.4 million by 2021, registering a CAGR of 5.63% between 2016 and 2021. China, Japan, South Korea, Malaysia, and Australia & New Zealand are the major F&C markets in the Asia-Pacific region. Rising demand from end-use applications such as municipal water treatment, mine water treatment, power generation, chemical processing, and others is also a major driver for the F&C market.
F&C are widely used in municipal water treatment applications. The increased investments in municipal water infrastructure in developing countries, such as India, Vietnam, China, Malaysia, and Indonesia among others, seek to improve access to safe drinking water supplies and sanitation facilities.
The increase in the use of F&C in Vietnam is projected to be driven by many factors such as stringent environment and water resources protection laws in the region, formulation process involving natural sustainable and renewable sources, recent expansions in the region, and so on. In addition to this, Vietnam has large reserves of primary energy resources, such as coal, mining, oil, natural gas, and water for hydropower generation.
Out of these, coal is the major source of power generation. It also has high potential for renewable energy resources, such as biomass, solar, and wind. Vietnam's consumption of F&C has grown significantly and is expected to witness further growth in the near future. The high growth of the F&C market in the country is also a result of the growing population awareness and urbanization.