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.
The flocculants segment is projected
to lead the flotation reagents market between 2018 and 2023, in terms of both
value and volume.
Based on type, the flotation reagents
market has been divided into flocculants, frothers, dispersants, collectors,
and others. The growth of the flocculants market can be attributed to their
increased use in water & wastewater treatment and mineral processing
applications. The flocculants segment is projected to lead the flotation
reagents market, in terms of both, value and volume.
The market in the water &
wastewater segment is projected to register the highest CAGR, in terms of
value, between 2018 and 2023.
Flotation reagents are used in various applications such as water & wastewater treatment, explosives & drilling, and mineral processing. The flotation reagents market in the water & wastewater treatment segment is projected to register the highest CAGR during the forecast period, in terms of value. The increased demand for better quality treated water, reduction in water wastage, and stringent environmental regulation are expected to fuel the water & wastewater treatment segment of the flotation reagents market between 2018 and 2023.
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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). These companies have
adopted several business strategies such as agreements, acquisition, and new
product launches between January 2015 and August 2018 to stay competitive in
the flotation reagents market.
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. This
agreement helped BASF in technological advancement in the wastewater treatment
industry which further helped the company in providing a better solution to its
consumers. Furthermore, it also helped the company to expand its foothold in
the North America region.
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