The global mining flotation chemicals market is now valued at US$ 11,885.5 million in 2023, with a solid CAGR of 5% expected to reach US$ 19,360.2 million by 2033.
In recent years, the standard copper ore grade has declined dramatically. Because of aging mineral resources, the grades of mineral ores are decreasing. As more chemicals are needed to restore the optimum mineral, the need for mining flotation chemicals is predicted to rise as ore grades fall.
Chemical companies operating in mining flotation are actively focusing on better understanding flotation collector feedback to diverse mineralogy species. The market has recently noticed a trend toward the development of innovative frothers. Aside from that, switching from high molecular structure glycol-based frothers to MIBC allowed for coarser grinding in the mill.
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The industry players are also diving deep into what makes the flotation collectors tick to different mineralogy species. By understanding the science behind it, the players are customizing chemical responses to better the ore processing efficiency. Producers are constantly working toward gaining a better grip on consumers wanting to distribute customized reagents.
Top Highlights from the FMI’s Analysis of the Mining Flotation Chemicals Market:
- The mining flotation chemicals industry in the United States is expected to account for 23.1% market share in 2023. The massive stake of the country is forecast to drive more market opportunities for manufacturers in the coming years.
- Germany’s mining flotation chemicals industry is expected to share 5.8% of the market in 2023. Due to Germany’s prominent presence in the Europe market, the country is expected to attract market players willing to scale their business in the region.
- Australia’s share in the market is 2.4% in 2023. As a result of the budding market for mining flotation chemicals in the country, the market is projected to witness an expansion in its revenues.
- China is expected to observe a robust market CAGR of 26.3% over the forecast period.
- India is anticipated to witness a CAGR of 6.8% from 2023 to 2033.
- The United Kingdom market is projected to expand at a CAGR of 3.1% over the upcoming years.
- Based on product type, sulfide ore is expected to account for 67.7% market share in 2023.
- Under the chemical type category, the flocculants segment bagged 32.1% market share in 2023.
Key Developments Taking Place in the Market
- FMC Corporation has dedicated investment of above US$ 50 million in June 2021 to the period of the next three years. This investment is aimed at capital improvement projects like a renewal of the research laboratory and greenhouse of the company’s research and development H.Q. in Newark, Delaware.
- BASF and Moleaer came into a strategic alliance to profit from the mining field in November 2022. Through this alliance, both companies are leveraging chemical, gas transport, mineral processing, gas transport, and nanobubble technologies. The main goal of this development is to improve the extraction rates from copper ores to a high level of chalcopyrite, which has originally been hard to leach, by concentrating on the copper leaching process.
- Arkema entirely acquired ArrMaz in July 2020. ArrMaz has over US$ 290 million in sales from North America, Asia, South America, and the Middle East, and Africa.
- Solvay introduced Polycare Heat Therapy in March 2023 for bio-based thermoprotection in hair care. The product is a non-ecotoxic, double-derivatized cationic guar active ingredient that progresses the global trend of silicone-free and bio-based solutions in hair care. It also offers brilliant thermal protection in transparent preparations.
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Top Key Player in the Global Market
- Cytec Industries Inc
- BASF SE
- Air Products and Chemicals
- Clariant AG
- Huntsman Corporation
- Kemira Oyj
- Chevron Philips Chemical Company LLC
- Nasaco International LLC
- Beijing Hengju Chemical Industry Co. Ltd.
- Axis House (Pty) Ltd
- Coogee Chemicals Pty Ltd.
- Tieling Flotation Reagents Co., Ltd
- ArrMaz
- Yantai Humon Chemical Auxiliary Co. Ltd.
Key Segmentation
By Ore Type:
- Sulfide Ore
- Non-Sulfide
By Chemical Type:
- Collectors
- Frothers
- Dispersants
- Activators
- Depressants
- Flocculants
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia & Pacific
- Middle East & Africa (MEA)
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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