BASF SE, The Dow Chemical Company and Solvay are dominating the Global Flotation Reagents Market in the year 2019

Global Flotation Reagents Market is expected to reach USD 31,470.60 million by 2026 from USD 17,081.65 million in 2018, at a CAGR of 8.0% in the forecast period 2019 to 2026. The years considered for study are as mentioned below.

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The flotation reagents market is a highly concentrated market which includes key players and local players. The market has witnessed increased various strategic developments owing to favourable market scenario. The market has a prominent growth in upcoming years due to the demand in usage of flotation reagents in mining and mineral processing industries as these reagents helps in easy extraction liberating the specific minerals or metals from the gangue and widely used for the treatment water and wastewater using flocculants. It has ability to modify the surface properties of the minerals of ore for removal of dirt and other metals. The floating reagents are added to the explosives making it extremely sensitive to heat, static electricity, friction and impact. It is also contributing growth of the economy, thus have huge demand in the mining and mineral processing sectors.

The market has witness developments in terms of merger and acquisitions or product launches to enhance the product portfolio to meet the rising demand of innovative technology. For instance, in February 2019, BASF SE merged with Solenis, a U.S. based manufacturer of specialty chemicals where hold 49% share in the company whereas majority of 51% share will be with funds managed by Solenis, Clayton and Dubilier & Rice company. The merger will help both the companies to accelerate their product portfolio and achieve better sales due to established presence in different regions.

BASF SE dominated the flotation reagents market and accounts for the highest market share in 2018 which is followed by The Dow Chemical Company and Solvayl. The other key players existing in the market includes Green Earth Technologies, Inc., Magna International Pte Ltd., Polnox Corp., Klüber Lubrication, Castrol Limited, BIOSYNTHETIC TECHNOLOGIES, BECHEM, CITGO Petroleum Corporation, ROCOL and others.

BASF SE:

BASF SE headquartered in Brussels, Belgium was founded in 1863. The company is engaged in on advanced materials and specialty chemicals business. The company has four operating divisions namely, advanced materials, advanced formulations, performance chemicals, corporate and business services.

Chemicals business segment manages petrochemicals, monomers and intermediates divisions. Performance products segment covers four divisions: dispersions & pigments, care chemicals, nutrition & health and performance chemicals divisions. Functional materials & solutions operate in catalysts, construction, chemicals, coatings and performance materials divisions. Agricultural Solutions comprises agriculture solution only. The chemical segment recorded revenue of USD 16,501 million in 2018 and a growth by 1.04% as compared to previous year owing to growth in demand of flotation for mining industry.

  • In February 2019, BASF SE has founded a new company BASF Digital Solutions S.L. located in Spain to drive forward the digital transformation of BASF group and expand its digital expertise to create innovative digital solutions

It has its global networks in North America, Asia Pacific, Europe, South America, Africa and Middle East. The company has various subsidiaries such as BASF Coatings (Germany), Wintershall (Germany), Cognis (Germany), Engelhard (USA), PCI Augsburg GmbhH (Germany), BASF Japan (Japan), BASF India Lt d (India and others.

The Dow Chemical Company:

The Dow Chemical Company headquartered in Michigan, U.S. was founded in 1897. The company is focused in deliver a broad range of innovative and technology-based products and solutions in the packaging, industrial and infrastructure, and consumer care industries. The company operates through three business segments which include agriculture, material science and specialty products.

The agriculture segment offers a wide range of providing crop protection and seed/plant biotechnology products. The material science provides innovations and technological products for chlor-alkali and vinyl, industrial solutions and polyurethanes. Special product offers elastomers, electrical and telecommunications, packaging and specialty plastics, energy and hydrocarbons divisions. Apart from this company also offers infrastructure solution including building & construction, coating materials, energy & water solutions and silicones solutions. The specialty product segment generated revenue of USD 22,594 million in 2018 and has witnessed a growth by 7.05% as compared to the revenue generated in 2017.

  • In September 2017, Cabot Corporation and The Dow Chemical Company announced to establish a new manufacturing plant. The facility will provide the company with the supply of high quality fumed silica for use in applications like packaging and construction. The company will be able to meet the growing demand of construction and packaging industry.

It has its global networks through direct sales representatives and distributors in more than 60 countries in the U.S. & Canada, Europe, Middle East and Africa, Asia-Pacific, Latin America. It operates through its subsidiaries such as The Dow Chemical Company (U.S.), 3313045 Nova Scotia Company (Canada), Dow (Zhangjiagang) Holding Co., Ltd. (china) among others.

Solvay:

Solvay headquartered in Brussels, Belgium was founded in 1863. The company is engaged in on advanced materials and specialty chemicals business. The company has four operating divisions namely, advanced materials, advanced formulations, performance chemicals, corporate and business services.

Advanced Materials primarily serves in the high-performance materials for multiple applications in the industries such as aerospace, automotive, electronics and healthcare industries. Performance chemicals segment is organized and operates resilient and mature market. It majorly functions in the consumer goods and foods to scale up economies state-of-the-art manufacturing technology. Advanced Formulations functions in the consumer goods, agro & food and energy markets as well. The revenue generated by the performance chemicals business segment is USD 2,808 million in 2018 and witnessed a growth of 3.07% from 2017 to 2018 owing to prominent growth of flotation reagents market.

  • In October 2017, Solvay invested to double the production capacity of its Technology Solutions global business unit high molecular weight (HMW) and hindered amine light stabilizers (HALS) production facility in USA. The expansion will help the company to meet the market demand effectively.

The company has wide geographic presence and It operates through its subsidiaries such as Zhejiang Lansol Fluorchem Co., Ltd. (China), Solvay Solexis, Inc (U.S.), Solvay America, Inc. (U.S.), Solvay Specialty Polymers Italy S.p.A. (Italy) and others.