The flotation reagents market is evaluated at US$4.450 billion for the year 2020, growing at a CAGR of 5.62% to reach a market size of US$6.525 billion by the year 2027.
Floatation is a separation and concentration method based on physical and chemical characteristic differences. The flotation technique is commonly used to separate minerals from ores. Chemical substances utilized for material separation are known as flotation reagents. Both organic and inorganic flotation reagents and compounds are accessible. The root reason for the market growth of flotation reagents is the increase in mining and exploration operations. Rising flotation reagent application areas, as well as the growth and expansion of various end-user verticals such as the wastewater treatment industry, particularly in developing nations, would have a positive impact on the market's growth rate. Government restrictions prohibiting the discharge of chemicals in waste into water bodies, as well as growing demand for flotation reagents for mineral processing operations, will also propel the market forward in the forecasted years. The tremendous growth and development in the mining industry are also, one of the major factors driving the demand for the flotation reagents market. The vital role possessed by flotation reagents in wastewater treatment methods is also giving potential to the market growth of flotation reagents in the global market. However, strict government laws surrounding the use of highly toxic chemicals during mining are limiting the global market growth of flotation reagents to some extent.
The recent outbreak of the COVID-19 pandemic had a negative impact on the market growth of global flotation reagents. The spread of COVID-19 resulted in market-wide shutdowns as a result of government-mandated lockdowns in several parts of the world. The production halts had a negative impact on the overall market. The demand for several metals, such as iron ore and copper, dropped dramatically. Oil prices dropped to a new low, hurting product demand. Over the next few years, the COVID-led shift toward clean energy and net-zero emissions is likely to boost demand for renewables, reducing reliance on oil, gas, and coal. However, in developing nations, expansion projects and soaring investments in mining and drilling, as well as the oil and gas industries, are expected to fuel the market growth of flotation reagents in the forecasted years.
Growth and development in the mining industry
The growth and development of the mining industry are one of the major factors driving the market growth of the global flotation reagents market. Higher infrastructure spending, recovery of geopolitical conditions, stabilization of economic growth, rising urbanization, and a growing affluent population, particularly in emerging economies, are all factors contributing to mining development, which also leads to the market growth of flotation reagents used in the mining process. The drastic developments in the construction and transportation fields are also driving the growth of the mining industry. The growing demand for raw materials and metals in developing countries' construction projects necessitates the use of proper and efficient extraction methods, which is positively influencing the market growth of flotation reagents. As more countries are in the stage of development the growth in infrastructure development and construction fields is expected to fuel the market for flotation reagents in the forecasted years.
Flotation reagents are efficiently utilized in the water treatment process. The support offered by the government in the water treatment process is also positively influencing the market growth of flotation reagents. The need for pure and better-quality water in the developing world is driving the demand for water treatment methods in the global market. According to the reports of the WWC (World Water Council), approximately half a billion people in the world are facing water scarcity. The efficiency showcased by flotation reagents in cleaning water is also increasing the demand for flotation reagents in the global market.
The Asia-Pacific region exhibited tremendous growth in market share
Geographically, the Asia-Pacific region is showing drastic growth in the market share of the flotation reagents market. The rapid expansion of economies in the Asia Pacific region is driving the market for flotation reagents. This is attracting enormous investments from major mining firms, which is boosting the market. Flotation reagents are in significant demand in the Asia-Pacific region, particularly in China, Japan, India, and other Southeast Asian countries.
|Market size value in 2020||US$4.450 billion|
|Market size value in 2027||US$6.525 billion|
|Growth Rate||CAGR of 5.62% from 2020 to 2027|
|Forecast Unit (Value)||USD Billion|
|Segments covered||Application, Type, And Geography|
|Regions covered||North America, South America, Europe, Middle East and Africa, Asia Pacific|
|Companies covered||Huntsman, The DOW Chemical Company, Akzonobel, Clariant AG, Kemira OYJ, Cytec Solvay Group, Evonik Industries, Orica Limited, SNF Floerger SAS, ExxonMobil, Ecolab, IXOM, Nalco Company, Kelco, Solenis, Hychem, Cochran Chemical Company Inc., Nasaco International Ltd|
|Customization scope||Free report customization with purchase|
Frequently Asked Questions (FAQs)
Q1. What is the size of the global flotation reagents market?
A1. Flotation Reagents Market was valued at US$4.450 billion in the year 2020.
Q2. What will be the flotation reagents market size by 2027?
A2. The flotation reagents market is projected to reach a market size of US$6.525 billion by 2027.
Q3. What are the growth prospects for the flotation reagents market?
A3. The global flotation reagents market is projected to grow at a CAGR of 5.62% over the forecast period.
Q4. What factors are anticipated to drive the flotation reagents market growth?
A4. The growth and development of the mining industry are one of the major factors driving the flotation reagents market growth.
Q5. Which region holds the maximum market share in the flotation reagents market?
A5. Geographically, the Asia-Pacific region is showing drastic growth in the flotation reagents market due to the rapid expansion of economies in the region.
The DOW Chemical Company
Cytec Solvay Group
SNF Floerger SAS,
Cochran Chemical Company Inc.
Nasaco International Ltd
All our studies come with 2 months of analyst support.
We are in compliance with the global privacy laws.