According to the new market research 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", published by MarketsandMarkets™, the 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.
The flotation reagents market in APAC is projected to register the highest CAGR, in terms of value, between 2018 and 2023.
The flotation reagents market in APAC is projected to register the highest CAGR, in terms of value, during the forecast period. The market in China is projected to register the highest CAGR between 2018 and 2023, in terms of value. The growth of the market in APAC can be attributed to the increased use of flotation reagents in various applications such as water & wastewater treatment, explosives & drilling, and mineral processing. The APAC region is witnessing an increased demand for flotation reagents, especially from China, India, and the Southeast Asian countries. Factors such as an increase in mining activities and increasing investment in mining projects are expected to drive the market in the region during the forecast period.
The leading players 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).
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