New York, Nov. 05, 2019 (GLOBE NEWSWIRE) — The development of mining industries owing to the rise in demand from consumers are propelling the market growth.
The is forecast to reach USD 6.50 Billion by 2026, according to a new report by Reports and Data. Flotation Reagents are chemicals that are used in various industries according to the products manufactured. Their high demand is fed by their increasing utility in the water and wastewater treatment, explosives and drilling, and mineral processing industries, among others. These chemicals are used for separation of materials from water depending upon their solubility and cohesion with water molecules.
The increase in demand for freshwater owing to its depleting sources is leading to the growth of the flotation reagent market. The need for better water treatment, owing to several stringent environmental regulations implemented are creating a huge demand for these chemicals. The usage varies from the purification of coal to the cleansing of precious minerals. The industry effluents are also being treated so as to retain the quality standard of exhaust materials and to make them reusable again.
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The previous-mentioned factors collectively create opportunities for the market growth while factors such as unfavorable effects of flotation reagents pose limitations in the market. These factors include strict policies for using mining chemicals which pose a hazardous threat to the environment. Consistent research and developments in the flotation reagents market owing to innovative efforts have enhanced the efficiency of these chemicals.
The population of Asia Pacific has been shifting towards the youth, and the purchasing potential of this young populace is also increasing. The developing countries are looking at China and India as the global market leaders for the flotation reagent market. These countries consist of over 35% population across the globe and application in wastewater treatment in this region will grow at a very high rate.
Further key findings from the report suggest
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Segments covered in the report:
For the purpose of this report, Reports and Data have segmented into the global Flotation Reagents Market on the basis of reagent type, application type, end-users, and region:
Reagent Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
Application Type Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
End-Users Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
Regional Outlook (Volume, Kilo Tons; Revenue, USD Billion; 2016-2026)
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