Flotation Reagents Market to grow at highest CAGR 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.

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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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 furthers. 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.

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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