Flotation reagents are the chemicals used for the froth flotation process. They include pH regulators, slime dispersants, conditioning agents, collectors, resurfacing agents, wetting agents, and frothers. These reagents help in aeration of minerals in water which facilitates their attachment of air bubbles to selected minerals and drifts them. The Flotation Reagents Market has been segmented based on type, application, and region. 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% between 2018 and 2023.
The growth of the market can be attributed to the increasing use of flotation reagents in water & wastewater treatment, explosives & drilling, and mineral processing applications. This increased use of flotation reagents in different applications is due to the excellent mechanical and physical properties offered by them. However, slow growth of the mining industry in the developed economies is expected to restrain the growth of the market across the globe.
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Among types, the flocculants segment of the flotation reagents market is projected to register the highest CAGR, in terms of value during the forecast period. The frother segment is projected to lead the flotation reagents market between 2018 and 2023, in terms of value. The increase in consumption of flotation reagents such as flocculants and frothers in various applications such as water & wastewater treatment and the mineral process will drive the market during the forecast period.
Based on application, the water & wastewater treatment segment is projected to lead the flotation reagents market between 2018 and 2023, in terms of value. The increasing demand for better quality treated water, reduction in water wastage, and stringent environmental regulation is a major factor driving the growth of this segment of the market.
APAC is estimated to be the leading flotation reagents market in 2018, in terms of value. It is expected to be followed by the North American and European regions. The growth of the market in APAC can be attributed to the increased demand for flotation reagents from China. The increase in mining activities in these regions will lead to an increase in the consumption of flotation reagents.
Moreover, the increased investment in the mining activity will also drive the market in APAC. The market in the region is projected to register the highest CAGR, in terms of value between 2018 and 2023.
The flourishing mining industry and increasing demand for pure drinking water in the region are expected to drive the market for flotation reagents during the forecast period. Furthermore, rising investments in the mining activity in emerging economies such as China, India, and South Korea are also contributing to the growth of the APAC flotation reagents market.
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