Market Size of Flotation Reagent Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | > 4.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Flotation Reagent Market Analysis
The market for flotation reagent is expected to grow at a CAGR of over 4% during the forecast period. The major factor driving the growth of the market include its growing demand from the water & wastewater treatment industry due to stringent regulations across the globe. Moreover, the mining sector makes use of flotation reagents to extricate precious minerals from the ores. Unprecedented situation emerging because of COVID-19 outbreak is foreseen to thwart the development of the market during the forecast timeframe.
- Water and waste water treatment application is anticipated to dominate the overall flotation reagent market owing to the increasing gap between water supply and demand across the globe.
- Asia-Pacific region is expected to be the fastest-growing market due to the large-scale production and demand of the flotation reagent products in the region.