The report "Flotation Reagents Market by Type (Flocculants, Collectors, Frothers, Dispersants), Application (Explosives & Drilling, Mineral Processing, Water & wastewater treatment), Region (APAC, Europe, North America, MEA) - Global Forecast to 2023", The flotation reagents market is projected to grow from USD 4.15 billion in 2018 to USD 5.55 billion by 2023, at a CAGR of 6.0% during the forecast period.
The growth of the flotation reagents market can be attributed to their increasing use in the water & wastewater treatment application, coupled with their increasing consumption in the mining industry.
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Flotation is the process used to separate and concentrate ores by altering their surfaces to a hydrophilic or hydrophobic condition. Flotation reagents are the chemicals used for the froth flotation process. They include pH regulators, slime dispersants, conditioning agents, collectors, resurfacing agents, wetting agents, and frothers. These reagents help in aeration of minerals in water which facilitates the attachment of air bubbles to selected minerals and drifts them.
Once at the surface, the selected minerals are supported by a froth layer until they are removed. The materials which are unattached to air bubbles remain submerged in the pulp. The mining industry utilizes these chemicals in all stages of production to increase the efficiency and productivity of the mining processes such as the extraction and recovery of minerals from ores.
Among types, the flocculants segment of the flotation reagents market is projected to register the highest CAGR, in terms of value during the forecast period. The frother segment is projected to lead the flotation reagents market between 2018 and 2023, in terms of value.
The increase in consumption of flotation reagents such as flocculants and frothers in various applications such as water & wastewater treatment and the mineral process will drive the market during the forecast period.
Based on application, the water & wastewater treatment segment is projected to lead the flotation reagents market between 2018 and 2023, in terms of value. The increasing demand for better quality treated water, reduction in water wastage, and stringent environmental regulation is a major factor driving the growth of this segment of the market.
APAC is estimated to be the leading flotation reagents market in 2018, in terms of value. It is expected to be followed by the North American and European regions. The growth of the market in APAC can be attributed to the increased demand for flotation reagents from China. The increase in mining activities in these regions will lead to an increase in the consumption of flotation reagents.
The key companies operating in the flotation reagents market are BASF SE (Germany), Cytec Solvay Group (Belgium), Clariant AG (Switzerland), Kemira OYJ (Finland), Huntsman (US), Dow Chemical (US), AkzoNobel (Netherland), SNF FLOERGER SAS (France), Evonik (Switzerland), and Orica (Australia).
BASF SE (Germany), which is one of the largest manufacturers of flotation reagents in the world, has adopted the strategy of agreements to strengthen its foothold in the market. The company is continuously expanding its business of flotation reagents across the globe to maintain its position in the market. For instance, in March 2018, the company had an agreement with Solenis (US), both the company agreed to join hands by combining BASF’s paper wet-end and water chemicals business with Solenis.
Clariant AG (Switzerland) is one of the leading manufacturers and distributers of specialty chemicals across the globe. It offers mining processing and flotation chemicals for the flotation reagent industry. The company has adopted the strategy of acquisition to stay competitive in the flotation reagents market. In October 2016, the company acquired the mining service business of Flomin Inc. (US) which offers various products such as frothers, collectors, and caters to the oil & gas industry. This development enabled the company to expand its flotation reagents business in untapped markets.
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Reference:
https://www.marketsandmarkets.com/Market-Reports/flotation-reagent-market-263409194.html?utm_source=blog%2FML
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