Flotation Reagent Market: Current Analysis and Forecast (2021-2027)

The Global Flotation Reagent Market is expected to witness a CAGR of around 5.27% during the forecast period (2021-2027). As the market is anticipated to witness an uptick owing to growth rapid urbanization, rise in disposable income, and industrialization across the globe. For instance, according to the European Commission and EU Research and Innovation Magazine, the demand for electric vehicles and energy storage will increase by 500% by the year 2050 and that will positively impact the market growth of minerals such as graphite, lithium, and cobalt during the forecasted period.

Flotation reagents refer to the agent that is used in the mineral flotation process, which can adjust the flotation behavior of minerals thus achieving a good effect of mineral separation. In addition, using flotation reagents is the most flexible, effective, and convenient method of controlling the flotation process. As this process involves the aeration of minerals in water during the presence of flotation reagents. Flotation reagents include pH promoters, regulators, conditioning agents, slime dispersants, sulphidizers, activators, and others. They are available in various forms such as - solid, pellets, and liquid forms. Few flotation reagents are available in various types which are - nonionic, cationic, or anionic.

BASF SE, Cytec Solvay Group, Orica, Dow Chemical, Kao Corporation, Clariant AG, Evonik, Huntsman Corporation, Kemira Oyj, and AkzoNobel. Several M&As along with partnerships have been undertaken by these players to develop the flotation reagent market.

However, Covid - 19 has devasted the global economy due to which many sectors experienced a downfall. Several countries enforced nationwide lockdowns as part of measures to limit the spread of the coronavirus. The growth of the flotation reagents market was also affected due to the shutdown of manufacturing activities and the decline in demand for commercial services in 2020. In addition, volatility in the prices of reagents during the pandemic further aggravated the impact on the market of flotation reagents. As the COVID has shifted toward clean energy and net-zero emissions which is expected to encourage the demand for renewables over the next few years, minimizing the reliance on oil, gas, and coal, that will drive the market of using flotation reagents during the forecasted period.

Insights Presented in the Report:

"Amongst type, frothers hold a significant share in the market"

Based on type, the market is fragmented into flocculants, collectors, frothers, dispersants, and others. During the forecast period, the frothers segment is likely to dominate the global flotation reagents market. The use of frothers is increasing as it plays multiple roles as a flotation reagent in different particulate matters. In addition, froth flotation is a process for selectively separating hydrophobic materials from hydrophilic. This is used in mineral processing, paper recycling, and waste-water treatment industries. Factors such as rising awareness among manufacturers and consumers to recycle paper to achieve sustainability are escalating the market size of the flotation reagents market. For instance: According to Environmental Protection Agency (EPA) 2018, approximately 46 million tons of paper and paperboard were recycled in 2018 for a recycling rate of 68.2 percent, which was the highest compared to other materials in municipal solid waste (MSW).

"Amongst application, water & wastewater treatment to hold a significant share in the market"

Based on application, the market is fragmented into water & wastewater treatment, explosives & drilling, paper recycling, industrial processing, and others. During the forecast period, the water & wastewater treatment segment is likely to dominate the global flotation reagents market. In addition, many industries discard various contaminated chemical water which contains injurious synthetic compounds which are anticipated to deploy the waste & wastewater treatment that will positively impact the growth of the flotation reagents market.

Asia-Pacific to witness significant growth during the forecast period"

Asia- Pacific is one of the fastest-growing regions for flotation reagents due to its rapid population growth which is leading to the demand for clean drinking water within the region. In addition, India's water demand is rapidly growing, and the government is also taking various measures and implementing policies toward clean water. Hence, this will increase the wastewater within the nation and that will positively affect the growth of the floatation reagent market. Additionally, Government is imposing certain rules & regulations on wastewater treatment which is increased by many mineral resources such as coal, zinc, copper, and others, that will contribute to the growth of floatation reagents in the market during the forthcoming years. Furthermore, In India, as per the Composite Water Management Index - Niti Aayog, 6% of GDP will be lost by 2050 due to the water crisis under a business-as-usual scenario. So, the growing mining activities are going to anticipate the demands for flotation reagents during the forecasted period.

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Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.

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Deep dive regional level analysis of the industry.

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