The mining flotation chemicals industry is projected to grow at a CAGR of 5% over the forecast period, according to FMI’s analysis. The market size is expected to reach USD 11,885.5 million in 2023.
The standard grade of copper ore has significantly declined in recent years due to aging mineral resources, leading to a reduction in mineral ore grades. Consequently, the demand for mining flotation chemicals is expected to increase as more chemicals are required to restore the ideal mineral composition.
Chemical companies in the mining flotation sector are now focusing on understanding the responses of flotation collectors to different mineral species. There is a growing trend towards the development of novel frothers, with a shift from high molecular structure glycol-based frothers to MIBC, which also allows for coarser grinding in the mill.
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The industry players also dive deep into what makes the flotation collectors tick to different mineralogy species. By understanding the science behind it, the players customize chemical responses to improve 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 industry. These chemicals play a crucial role in separating valuable minerals from ore during flotation, 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 FMI analyst.
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.
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Key Developments Taking Place in the Market
- FMC Corporation has dedicated investment of above US$ 50 million in June 2021 to 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.
Key Companies Profiled
- 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
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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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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