Flotation Reagents Market Trends

Growth Drivers

• Growing Number of Oil and Gas Drilling Projects - The oil and gas industry's increased exploration and development will propel the flotation reagents market expansion. The rationale behind this is that the oil and gas industry's growing oilfield exploration and development will need the employment of flotation reagents such as flocculants and frothers to separate liquids from solid particles. A news statement from Saudi Arabian Oil Company states that the Berri gas plant project would add extra storage tanks and upgrade its sulfur recovery unit. The need for flotation reagents will rise as a result of these initiatives, which entail the installation of metal recovery plants.

• Demand for Effective Wastewater Treatment - The growth in flotation reagents market is expected to be driven by an increasing incidence of water contamination. Due to the rapid speed of modern equipment, low sludge formation, and high efficiency of separation techniques, flotation reagents are used for solid or liquid separation in sewage treatment plants.

Challenges

• Increasing Prices of Oil - Crude oil is used in the froth flotation method. Flotation oils are often used to control the froth layer that forms on top of the floatation equipment. Consequently, changes in the price and supply of crude oil have had a severe impact on their use. The revenue growth of the flotation reagents market could be significantly slowed down by crude oil's volatile supply and demand. Manufacturers need to address these price changes in raw materials, which reduce their profitability. This is predicted to hamper the marker growth in the upcoming period.
• Strict Regulations Associated are Expected to Hinder the Market Growth in the Forecast Period
• Environmental Impact Associated with Mining Activities are Set to Hamper the flotation reagents market growth in the Forecast Period