Mining flotation chemicals to witness significant adoption in the coming years
Flotation process is essentially used for the separation of minerals from ores. They are widely sued in the mining industry. Chemicals that are used to carry out flotation are either organic or inorganic compounds used for altering the surface properties of the desired mineral. Froth flotation is highly economical and widely used process for ore benefaction. The main advantage of this process is that it can collect extremely fine particles, even less than 100 μm. The process mainly includes aeration of minerals in the presence of flotation chemicals. These include frothers, depressants, flocculants, collectors, grinding aids and others, for instance modifiers/regulators, coolants, deactivators and degreasers.
In this research report, various trends, developments by key players, market growth drivers as well as challenges are discussed along with their analysis across various regions in the globe thus portraying a complete market scenario. According to Persistence Market Research, the global market for mining flotation chemicals is projected to expand at a steady rate to register a CAGR of 5.7% during the period of assessment 2018-2026 to reach a significant valuation by end of assessment period.
Mining industry growth to benefit expansion of mining flotation chemicals market
Mining industry has developed over years at a gradual pace, having endured a prolonged period of sluggishness during financial crisis and economic recession. The growth of the mining industry depends upon the GDP trend. Moreover, growing demand for minerals coupled with stabilized metal prices is expected to spur the mining industry in the years to follow. This in turn is expected to drive the growth of mining flotation chemicals market at a global scale.
Recovering economic conditions and latent opportunity from emerging economies to present lucrative growth opportunities in the global market
Despite a disturbing start, the second half of 2017 reflected a steady picture of mining industry. Prices of various commodities moved towards stability, thus creating sustainable market opportunities across regions in the globe, consequently translating these positive effects on the global mining industry. As mining flotation chemicals are not standalone products, their demand and adoption depends on mining activities and overall growth of mining sector. Higher infrastructure spending, recovery of geopolitical conditions, stabilization of economic growth, increasing affluent population typically in emerging economies and rising urbanization are few key aspects that contribute to the growth of the global market in developing regions. In addition, growing demand from countries such as Chile, South Africa, Peru, Brazil, China and Australia has attracted several manufacturers. These regions are expected to create lucrative growth opportunities in the years to follow.
High demand and adoption of grinding aids in mining flotation to be observed during assessment period
Grinding aids are a chemical group that improve and optimize the performance of grinding. Grinding aids improve flow properties, reduce slurry property and also reduce overall energy consumption, ultimately reducing operational costs as well as carbon emissions. Grinding aids segment in the product category is expected to touch a high market valuation and is projected to expand at a value CAGR of 6.1% during the forecast period, thus leading the global mining flotation chemicals market.
Also, collectors are expected to largely contribute to the overall market’s growth. The growth in adoption of collectors is mainly pushed by use of xanthates. Collectors are a group of organic chemical compounds that differ in chemical composition and function. In mining flotation, collectors are mainly used to selectively bind target minerals and impart them hydrophobic characteristics to increase the floatability of the mineral. Common types of collectors used for metallic flotation are xanthates, dithiophosphates, dithiocarbamates etc., and for non-metallic minerals, soaps, fatty acids and amines are commonly used.
The comprehensive research report on global mining flotation chemicals by Persistence Market Research assists the reader in chalking key growth strategies on the basis of vital insights on every market segment at a global level thus providing the much necessary value addition to gain tempo in the changing dynamics of the global market in the current as well as future market scenario.
The report covers a holistic viewpoint of the entire market
Global mining flotation chemicals market research report focuses on various developments, trends, opportunities, restraints and drivers that influence the growth of the global market. These aspects are analyzed across key regions of the globe thus portraying a global perspective of the mining flotation chemicals market. The reader can gain detailed understanding of the market dynamics across regions that can assist him/her to plan future moves from a growth perspective. Regions with optimum potential are included in this research study with which possible revenue pockets can be identified. Additionally, the research removes all the bias giving a realistic shape to the market insights.
Unique research process to gather relevant acumen
Credibility of the researched data and statistics lie in the uniqueness of the research methodology which ensures higher accuracy. In-depth assessment of the global mining flotation chemicals market is underpinned by an extensive research process that includes both secondary and primary research to obtain relevant numbers. The data collected undergoes several funnels of validation and re-examination at each step, as the research progresses. This ensures delivering value with data having higher degree of accuracy. The expert opinions of the market observers and the domain experts are extrapolated and the triangulation of these enables the analysts to arrive at a much accurate global market statistics.
The research report on global mining flotation chemicals market includes a dedicated section describing competitive scenario. It covers key players and their standing in the global market. The section involves the strategies applied by the key players, their innovations, their product portfolios, developments and product evolutions, their area wise spread and future expansion plans, the mergers and acquisitions taken place, the market shares and revenues of these tier players, financials, key personnel, etc. This intelligence dashboard completes with the inclusion of the analysis of the various aspects of the key competition in the market. Competitive assessment has been done in a systematic way to enable the reader to draw necessary inferences that can be used to gain competitive advantage.
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The comprehensive research report on global mining flotation chemicals market offers valuable insights with weighted analysis. Every organization has its own integral research team, which strives to gather sufficient research data of the market. Persistence Market Research aims at doing all the heavy lifting by providing unbiased insights which can be actioned by the research team thus supporting in achieving their research milestones. Also, it extends 24x7 analyst support to solve queries regarding the research as the need should be. The report is systematically structured to deliver convenience along with a complete market intelligence package.