Global mining flotation chemicals market on track to expand
Published by Stephanie Roker,
Editor
Global Mining Review,
The global market for mining flotation chemicals is projected to account for an evaluation in excess of US$3.5 billion before the conclusion of the assessment year 2026, from an evaluation of close to US$2.2 billion in the year 2017. The overall market is estimated to expand at a 5.7% CAGR for the duration of the projected period by 2026. The mining sector has evolved in recent years at a steady rate, having put up a drawn-out period of sluggishness over the economic recession in addition to the financial crisis. The expansion of the mining sector relays on the GDP course. Furthermore, the increasing requirement for minerals together with steadied metal prices is anticipated to stimulate the mining sector over the approaching years.
This consecutively will be driving the expansion of the market for mining flotation chemicals at a worldwide level. Retrieval of geopolitical conditions, high infrastructure expenditure, rising affluent populace typically in developing economies, stabilisation of economic development along with increasing urbanisation are some major factors which add to the expansion of the worldwide market in emerging regions.
In terms of the product type, the worldwide market is categorised into flocculants, grinding aids, collectors, frothers, depressants, and others. Among these, the grinding aids are broadly utilised for mining flotation additionally accounts for a prominent market share globally. On the other hand, the collector's segments will be the second largely lucrative market in addition to the second largest in evaluation terms. This segment will be accounting for an evaluation of close to US$1 billion through 2026. In terms of the ore type, the worldwide market is broadly divided into non-sulfide ores along with sulfide ores. The sulfide ores will be recording a higher evaluation over the years to follow. The segment will be accounting for a market evaluation in excess of US$2 billion before the conclusion of the forecast period also is projected to expand at a fast pace all through the conjecture time frame.
Geographically, the China market is projected to record higher market attractiveness, through accounting for about one-third of the worldwide market share all through the assessment period. This regional market will be leading the overall market both in consumption as well as production terms in addition to is anticipated to account for a billion dollar aim in evaluation towards the end of the year 2026, pursued by Asia Pacific excluding China.
The leading manufacturers available in the overall market are Tieling Flotation Reagents Co., Ltd, Coogee Chemicals Pty Ltd., Yantai Humon Chemical Auxiliary Co. Ltd., ArrMaz, QiXia TongDa Flotation Reagent Co. Ltd., CTC Mining, Clariant AG, Axis House (Pty) Ltd, Chevron Phillips Chemical Company LLC, DowDuPont Inc., AkzoNobel N.V., Senmin International (Pty) Ltd, SNF S.A.S., Solvay S.A., BASF SE and Others.
Read the article online at: https://www.globalminingreview.com/handling-processing/17072019/global-mining-flotation-chemicals-market-on-track-to-expand/
You might also like
Epiroc launches new remote drill rig
Epiroc has launched SmartROC T30 R, a new surface radio remote drill rig.