Vancouver, Sept. 26, 2023 (GLOBE NEWSWIRE) -- The global flotation reagents market size was USD 5.42 Billion in 2022 and is expected to register a steady revenue CAGR of 7.5% during the forecast period, according to the latest analysis by Emergen Research. Increasing adoption of mining activities is a key factor driving market revenue growth. Flotation reagents are a group of chemicals used in the separation and concentration of substances, based on their physical and chemical characteristics. The biggest mining corporations have invested heavily in cutting-edge technology, such as autonomous systems, sensor and Internet of Things (IoT) technologies, adaptive supply chains, simulations, and the use of drones for production and ecological control.
This revolution offers a number of operational advantages, attracts new specialists to the market, and meets the needs for miners in nearby towns to maintain a profitable operation. The International Council on Mining and Metals (ICMM) estimates that at least 70 different countries are heavily dependent on the mining industry, which is essential for existence of the majority of low-income nations. According to the same report, mining makes up to 60-90% of all Foreign Direct Investment (FDI) in some low-middle income countries.
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The layer of froth that builds up on top of the flotation equipment is usually managed using flotation oils. Therefore, changes in crude oil prices and availability is a key factor, which could restrain market revenue growth. The need for manufacturers to adjust to these price fluctuations in raw materials lowers their profit margins. Manufacturers are consequently improving their production and operational efficiency to compete in the market. In addition, strict rules that are implemented by different government organizations is a another factor, which could restrain market revenue growth. Flotation agents are also needed for the foam, while for separation, the mineral-containing froth is collected. As a result, it is impossible to avoid using a lot of reagents.
Scope of Research
Report Details | Outcome |
Market Size in 2022 | USD 5.42 Billion |
CAGR (2023–2032) | 7.5% |
Revenue Forecast To 2032 | USD 11.15 Billion |
Base Year For Estimation | 2022 |
Historical Data | 2019–2021 |
Forecast Period | 2023–2032 |
Quantitative Units | Revenue in USD Billion and CAGR in % from 2023 to 2032 |
Report Coverage | Revenue forecast, company ranking, competitive landscape, growth factors, and trends |
Segments Covered | Type, application and region |
Regional Scope | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Country Scope | U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Benelux, Rest of Europe, China, India, Japan, South Korea, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, and Rest of Middle East & Africa |
Key Companies Profiled | BASF SE, Clariant AG, Akzonobel, Alpha Chemika, Orica Limited, The DOW Chemical Company, Kemira OYJ, Huntsman, Nalco Company, and Shandong Shuiheng Chemical Co., Ltd. |
Customization Scope | 10 hours of free customization and expert consultation |
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Major Companies and Competitive Landscape
The global flotation reagents market is fairly consolidated with few small and medium-sized market players accounting for the majority of revenue. Major players are deploying various strategies, entering into mergers and acquisitions, strategic agreements and contracts, developing, testing, and introducing more effective in the market. Some major players included in the global flotation reagents market report are:
- BASF SE
- Clariant AG
- Akzonobel
- Alpha Chemika
- Orica Limited
- The DOW Chemical Company
- Kemira OYJ
- Huntsman
- Nalco Company
- Shandong Shuiheng Chemical Co., Ltd.
Strategic Development
- On 8 November, 2022, BASF SE, a prominent worldwide chemical corporation, and Moleaer Inc., a global frontrunner in nanobubble technology, unveiled an exclusive collaboration. This strategic partnership will leverage their collective knowledge in mineral processing, hydrometallurgy, gas transfer, and nanobubble technology to create cutting-edge mining processes.
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Some Key Highlights From the Report
- The flocculants segment is expected to account for largest revenue share in the global flotation reagents market during the forecast period. This is due to rising need for flocculants has increased recently as a result of severe environmental and water treatment laws. Flocculants are used in water treatment procedures to improve the sedimentation or filterability of tiny particles. Flocculants have advantages in industrial and water treatment applications, such as cost savings, increased molecule suspension rates, improved aqueous phase clarity, increased filtration on channels and drying beds, higher throughput rates on creation hardware, and fewer tanks, thickeners, and centrifuges required. .
- The water & wastewater treatment segment is expected to register steadily fast revenue growth rate in the global flotation reagents market over the forecast period. This is due to increasing focus on water and wastewater treatment on a global scale and rising demand for access to water sources. In addition, strict rules governing contaminated water, since it contains dangerous synthetic substances is also expected to drive revenue growth of this segment during the forecast period.
- The Asia Pacific market is expected to account for largest revenue share in the global flotation reagents market during the forecast period. In addition, strict government measures, major corporations' actions, and creation of several startups are also expected to drive market revenue growth of this region during the forecast period.
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Emergen Research has segmented the global flotation reagents market on the basis of type, application, and region:
- Type Outlook (Revenue, USD Billion; 2019–2032)
- Frothers
- Dispersants
- Flocculants
- Others
- Application Outlook (Revenue, USD Billion; 2019–2032)
- Mineral Processing
- Water & Wastewater Treatment
- Explosives & Drilling
- Others
- Regional Outlook (Revenue, USD Billion; 2019–2032)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Turkey
- Rest of Middle East & Africa
- North America
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