Flotation Reagents Market - An Overview
The global flotation reagents market is expected to witness moderate growth during the forecast period between 2021 and 2031.
Flotation reagents are a group of chemicals that are used in the separation and concentration of substances, based on their physical and chemical characteristics. These reagents have proven extremely effective in separating minerals from ores.
The main purpose of deploying flotation reagents is to change the surface characteristics of a mineral. Flotation reagents can be obtained both in organic and inorganic forms.
Some of the commonly-used flotation reagents include copper sulfate, sodium isobutyl xanthate, and dithiophosphate promoter.
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The outbreak of the COVID-19 pandemic negatively impacted the growth in the global flotation reagents market. With governments imposing stringent social distancing regulations and lockdowns in a bid to contain the spread of the virus, industries such as oil and gas and mining were forced to function with reduced labor force or permanently shut down.
This led to a decrease in demand for flotation reagents and impacted the overall flotation reagents market.
Flotation Reagents Market - Trends and Opportunities
Rising flotation reagents demand in the wastewater industry is the key growth driver for the global flotation reagents market.
Also, increasing consumption of sodium silicate, lime, and starch are expected to help the growth of the overall flotation reagents market, in future.
Flotation reagents have proven beneficial in separating minerals from the solutions they are added to and this ability is expected to help increase product demand and bolster the growth in the overall flotation reagents market, in the years ahead.
Advancements to existing products could help increase product demand and, in turn, propel the overall flotation reagents market, in future.
The oil and gas end-use segment is expected to make the largest contribution to the overall flotation reagents market because of increasing demand for flotation reagents for different subsea operations at oil rigs in leading economies, globally.
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Flotation Reagents Market - Competitive Landscape
The global flotation reagents market is extremely competitive, with the presence of several prominent players. Many of these players have become successful, owing to years of delivering consistent results.
Prominent market players are expected to account for a large share in the overall flotation reagents market, in the coming years.
Research and development activities to produce an improved quality of products could be a key growth strategy for the well-established flotation reagents market, in future.
Growth strategies such as new product launches could help prominent flotation reagents market players gain a competitive edge over others.
Collaboration with smaller players could help well-established flotation reagents market players expand their market presence and increase their revenue shares.
A few leading players in the global flotation reagents market include Orica, Dow Chemical, Cytec Solvay Group, Kao Corporation, and BASF SE.
Flotation Reagents Market - Regional Assessment
The global flotation reagents market is classified into five regions, namely, North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
North America is expected to be the dominant region in the global flotation reagents market in future owing to increased acceptance for improved wastewater technologies in countries such as US and Canada.
Europe is expected to witness substantial growth in the global flotation reagents market because of advancements in drilling and explosive industries in countries such as UK and Germany as well as the imposition of strict environment regulations in these countries.
Asia Pacific is anticipated to witness moderate growth in the overall flotation reagents market, in the coming years.
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Other parts of the world such as Latin America and Middle East and Africa are expected to witness sluggish growth in the global flotation reagents market, owing to lack of presence of well-established market players in countries, belonging to both the regions.
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