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Flotation Reagents Market 2024-2033 : Industry Analysis, Size, Share, Growth And Forecast | The Dow Chemical Company, BASF SE, Evonik Industries AG, Johnson Matthey
Flotation Reagents Global Market Report
The Business Research Company presents an extensive market research report on the Flotation Reagents Global Market Report 2024 , furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The flotation reagents market size has grown strongly in recent years. It will grow from $4.99 billion in 2023 to $5.4 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to mining industry growth, increase in mineral processing, growing complexity of ore deposits, cost-effective solutions, increase in recycling activities.
The flotation reagents market size is expected to see strong growth in the next few years. It will grow to $7.07 billion in 2028 at a compound annual growth rate (CAGR) of 7.0%. The growth in the forecast period can be attributed to rise in metal demand, shift towards sustainable mining, rapid urbanization and industrialization, emergence of new mineral deposits, stricter environmental regulations. Major trends in the forecast period include advancements in extraction technologies, bio-based and environmentally friendly reagents, recycling and reuse of reagents, market consolidation and strategic alliances, customized reagent formulations.
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Key Market Players:
Major companies operating in the flotation reagents market report are The Dow Chemical Company, BASF SE, Evonik Industries AG, Johnson Matthey, Solvay SA, Ecolab Inc., Akzo Nobel NV., Huntsman International LLC., Lubrizol Corporation, Clariant AG, Orica Limited, Chevron Phillips Chemical Company LP, Kemira Oyj, Denka Company Limited, Solenis LLC., AECI Limited, Cheminova AS, ArrMaz, CP Kelco US Inc., IXOM Limited, Senmin International Pty Ltd., King Industries Inc., Qingdao Darun Chemical Co Ltd, Kemcore, Cochran Chemical Company Inc., Axis House Pty Ltd., SNF Floerger Group, HYChem Corporation, Yantai Humon Chemical Auxiliary Co. Ltd., Ashland Global Holdings Inc.
Market Drivers:
The expanding mining operations are expected to propel the growth of the flotation reagents market going forward. Mining operations refer to actions carried out by an operator on a mine site associated with the extraction of minerals. These activities may include excavating and processing minerals, storing and removing minerals from a place, and any reclamation activities on a mine site. In the mining industry, flotation reagents are used in mineral processing to separate and concentrate ores by altering their surfaces to a hydrophobic or hydrophilic condition. For instance, in July 2023, according to the International Energy Agency (IEA), a France-based intergovernmental organization, critical minerals production experienced a significant surge, increasing by 30% to reach $41 billion in 2021, following a 20% gain in 2021. Over the past five years, the demand for critical minerals has notably escalated, with a threefold increase in lithium consumption and a 70% rise in cobalt demand. Therefore, expanding mining operations are driving the flotation reagents market.
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The flotation reagents market covered in this report is segmented -
1) By Type: Flocculants, Frothers, Collectors, Dispersants, Regulators, Solvent Extractors, Modifiers, Other Types
2) By Ore Type: Powder Gold, Iron, Copper, Phosphate, Other Ores
3) By Application: Mining, Mineral Processing, Water and Wastewater Treatment, Leaching and Abrasive Blasting, Explosives and Drilling, Other Applications
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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