Mining Flotation Chemicals Market Set to Ascend with 5% CAGR, Expected to Reach US$ 19,360.2 million by 2023 Amidst Declining Ore Grades

Mining Flotation Chemicals Market

According to FMI’s analysis, the mining flotation chemicals market is expected to rise at a 5% CAGR over the forecasted period. In 2023, the sector is expected to grow to a market value of US$ 11,885.5 million.

Standard copper ore grade has significantly reduced in the last few years. Mineral ores’ grades are reducing owing to aging mineral resources. As various chemicals are required to restore the ideal mineral, the requirement for mining flotation chemicals is expected to increase as ore grades decline.

Chemical firms working in mining flotation are currently focusing on understanding better flotation collector feedback to different mineralogy species. The market has recently observed a trend toward the creation of novel frothers. Apart from this, shifting from high molecular structure glycol-based frothers to MIBC permitted for coarser grinding in the mill.

Request a Sample Report and Explore New Growth Opportunities Now! https://www.futuremarketinsights.com/reports/sample/rep-gb-184

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.

“The market research study highlights the significant role of mining flotation chemicals in the global mining industry. These chemicals play a crucial role in separating valuable minerals from ore during the flotation process, contributing to improved mineral recovery and reduced environmental impact. As the mining sector continues to expand, the demand for these chemicals is expected to grow, presenting substantial opportunities for market players.” says Analyst at Future Market Insights (FMI).

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.

Top Key Players in the Mining Flotation Chemicals 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

Access Exclusive Data and Premium Insights at Discounts! Buy Report Now: https://www.futuremarketinsights.com/checkout/184

Mining Flotation Chemicals Market by Category

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.

Contact Us:       

Nandini Singh Sawlani  

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedInTwitterBlogs | YouTube

About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may also like these