Oct 21, 2022 SOURCE: BusinessWire

Global Flotation Reagents Market Report 2022: Growth and Development in the Mining Industry Fueling Sector Expansion - ResearchAndMarkets.com

The "Flotation Reagents Market - Forecasts from 2022 to 2027" report has been added to ResearchAndMarkets.com's offering.

The flotation reagents market was valued 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.

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.

Rising demand for flotation reagents in water treatment

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.

Market Segmentation:

By Application