Flotation reagents market outlook demonstrates a wealth of opportunities between 2022 and 2028, due to the growing utilization of these products across the wastewater treatment industry. Flotation reagents are typically used in the mineral flotation process for achieving efficient mineral separation. Several manufacturers and suppliers are developing more effective, biodegradable and non-toxic formulations. They are ensuring minimum impact on environment and human health, as contact with these products can be harmful for ears, eyes, nose, and skin.
The flotation dispersants market share is growing stably, owing to the rising consumption of sodium silicate, starch (dextrin), lime, and other products. Depending on the ore, industry players are providing upgraded dispersant technology for better dispersion and mineral grinding. Product use across the mining & drilling applications in the flotation reagents market will increase over the assessment timeline, as these compounds boost throughput, at the same time assisting in handling and transportation. Since these formulations prove to be effective for stabilization of calcium carbonate, gypsum, kaolin clay, among other mineral slurries, water-based dispersant industry share is slated to rise substantially by 2028.
By end-user, the oil & gas segment is expected to contribute significantly toward the total flotation reagents industry share through 2028. Since the expansion of the oil & gas is on the horizon, flotation products will be required across subsea hydraulic actuators. Subsea buoyancy products market is likely to see an uptick in product adoption, following the increased number of deep-water exploration projects. The declining production rates are generating a need for both, more sustainable methods as well as more efficient processes.
As environmental concerns are changing the regulatory scenario, the mining & drilling industry is strengthening its focus toward water conservation. Mining companies are emphasizing production efficiency by incorporating process-friendly and environmentally compliant defoamers. As latest advances in foam control technology are gaining attention, silicon-free defoamers market share is increasing across the mining & drilling operations. The froth flotation reagents industry share is projected to see considerable growth, owing to the higher affordability and availability of these products.
Europe flotation reagents market size is expanding at a noteworthy CAGR, owing to the fast-paced industrialization and urbanization across Germany, Italy, Spain, Russia, and France. As these regional governments are prioritizing high standards for treated water, the stringency of environment-friendly regulations has increased, adding to product use. Several countries are reducing water wastage to address water shortage concerns by incorporating these products in water detoxification process. Implementation of programs such as the Urban Waste-Water Treatment Directive (UWWTD) across the region will foster technological advancements in the arena.
Industry participants are offering tailor-made solutions designed to address industry-specific problems. Dow Chemicals, BASF SE, Kao Corporation, Solvay, Kemira Oyj, Evonik, Clariant AG, Kemcore, Orca, and Huntsman Corporation are among the top flotation reagent companies in the global market.
During 2020, the government-mandated lockdowns across numerous regions of the world led to market-wide shutdowns. The production halts affected the overall market in a negative way. There was a steep decline in the demand for various metals, including iron ore and copper. Oil prices recorded a new low, affecting the product consumption.
The COVID-led shift toward clean energy and net zero emissions is expected to encourage the demand for renewables over the next few years, minimizing the reliance on oil, gas, and coal. However, the expansion projects and surging investments across mining & drilling as well as oil & gas industries have been scaling back in developing economies, indicating a steady growth by 2023. Manufacturers of flotation reagents have been accelerating their production for meeting the rising demand spurred by fossil-fuel surpluses.