Flotation Reagents Market Revenue to Surpass USD 7.51 Billion By 2030

Posted 2023-10-09 05:58:15

The global flotation reagents market size was USD 4.69 Billion in 2022 and is expected to register a revenue CAGR of 6.0% during the forecast period. Increasing need for wastewater management, along with rising mining activities, and incorporation of various technologies in flotation are major factors driving market revenue growth.

Mining and drilling companies are sharpening their attention on water conservation as environmental concerns change the regulatory landscape. Rapid implementation of ecologically responsible and process-friendly Defoamers by various mining companies who are inclined toward production efficiency is another factor driving revenue growth of the market. As foam management technology advances, there has been an increasing interest in silicon-free defoamers among mining and drilling operations, resulting in a rise in their market share. A significant increase in the market revenue share of froth flotation reagents is expected owing to increased accessibility and affordability of these products.

The previous-mentioned factors collectively create opportunities for the market growth while factors such as unfavorable effects of flotation reagents pose limitations in the market. These factors include strict policies for using mining chemicals which pose a hazardous threat to the environment. Consistent research and developments in the flotation reagents market owing to innovative efforts have enhanced the efficiency of these chemicals.

The population of Asia Pacific has been shifting towards the youth, and the purchasing potential of this young populace is also increasing. The developing countries are looking at China and India as the global market leaders for the flotation reagent market. These countries consist of over 35% population across the globe and application in wastewater treatment in this region will grow at a very high rate.

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Further key findings from the report suggest

The flocculants segment in the flotation reagents market is set to experience the highest CAGR of 6.2% in the forecast period. This is owing to its increasing utility in a variety of mines, mineral processing plants, and purification of minerals, among others.
Mineral processing segment held a market share of 27.6% in the year 2018. This significant share is derived due to the increasing utility in purification procedures, which involves aeration of minerals in water in the presence of these chemical reagents, leading to the attachment of air bubbles and, in turn, levitation of certain minerals.
Industrial waste and sewage treatment category is predicted to observe the highest CAGR of 6.6% during the forecast period. This is owing to the increasing regulations and strict policies invoked by authoritative bodies in order to control and restrict the usage and effluent of hazardous wastes. Waste products are being treated to make these materials reusable and less toxic for the environment.
Asia Pacific is anticipated to witness the highest CAGR of 7.1% during the forecast period. Countries like India, Japan, and China are rapidly catching up with the growth in the flotation chemicals. This is primarily due to the rapid influx of investments from different mining corporations along with regulations imposed by the governing bodies on wastewater treatment.
Key participants are BASF SE, Cytec Solvay Group, Clariant AG, Kemira OYJ, Huntsman, Dow Chemical, AkzoNobel, SNF FLOERGER SAS, Evonik, and Orica, among others.

Flotation Reagents, Flotation Reagents Market

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