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Flotation Reagents Market is projected to grow from USD 3.93 billion in 2017 to USD 5.55 billion by 2023, at a CAGR of 6.0% between 2018 and 2023. The flotation reagents market across the globe is driven by their increasing use in water & wastewater treatment, explosives & drilling, and mineral processing applications. The base year considered for the study is 2017 while the forecast period is between 2018 and 2023.
the flotation reagents market has been segmented into collectors, frothers, dispersants, flocculants, and others. The flocculants segment is expected to have the highest share in the flotation reagents market in 2018, in terms of value. The growth of this segment can be attributed to their increasing consumption in a variety of mines and mineral processing plants, ranging from coal to base and precious metals.
BASF SE (Germany), which is one of the largest manufacturers of flotation reagents in the world, has adopted the strategy of agreements to strengthen its foothold in the market. The company is continuously expanding its business of flotation reagents across the globe to maintain its position in the market. For instance, in March 2018, the company had an agreement with Solenis (US), both the company agreed to join hands by combining BASF’s paper wet-end and water chemicals business with Solenis. This agreement helped BASF in technological advancement in the wastewater treatment industry which further helped the company in providing a better solution to its consumers. Furthermore, it also helped the company to expand its foothold in the North America region.