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.
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. The
flotation reagents market is projected to reach USD 5.55 billion by 2023, at a CAGR
of 6.0% between 2018 and 2023. However, the slow growth of the mining industry
in developed countries is expected to restrain the growth of the flotation
reagents market globally.
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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.
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.
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.
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