Mining floatation chemicals | Coherent Market Insights

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2. MINING FLOATATION CHEMICALS MARKET ANALYSIS • Mining Floatation Chemicals Market, By Ore Type (Sulfide Ore, Non-Sulphide Ore), By Chemical Type (Collectors, Frothers, Dispersants, Activators, Depressants, Flocculants, Others), and By Region (North America, Latin America, Europe, Middle East & Africa, Asia Pacific) - Size, Share, Outlook, and Opportunity Analysis, 2019 – 2027 • The global mining floatation chemicals market is projected to surpass US$ 14.0 million by the end of 2027, in terms of revenue, growing at CAGR of 4.7% during the forecast period (2019 to 2027).

3. Drivers • Growing demand for minerals is projected to serve as a major driver factor the market of mining flotation chemicals. According to the U.S. Department of the Interior, The estimated value of U.S. industrial minerals production in 2018 was US$ 56.3 billion, about 7% more than the revised value of 2017. Growing production of minerals is expected to fuel the market growth of mining flotation chemicals over the forecast timeframe. • Growing industrialization and urbanization around the globe is expected to propel the market growth of mining flotation chemicals over the forecast period. According to the Coherent Market Insights, with the increasing urbanization, demand for copper from India is expected to increase at 9% per annum through 2025. Moreover, the rising demand for the metal is also expected to fuel the market growth of mining flotation chemicals.

4. Figure 1. Global Mining Floatation Chemicals Market, Revenue Share (%), By Region, 2018

5. Market Restraints • Increase in transportation expenses coupled with high import duties is fluctuating prices of mining flotation chemicals and this is expected to hinder the market growth of mining flotation chemicals. According to the Coherent Market Insights analysis, accounts for around 20% of the overall cost of chemicals. Hence, the cost associated with the transportation of flotation chemicals is projected to hinder the market growth over the forecast period. • Growing environmental concerns have encouraged the government to implement environment-friendly practices in the mining industry and this has decreased the demand for mining flotation chemicals. Hence, increasing environmental concern around the globe is expected to hamper the market growth of mining flotation chemicals over the forecast period.

6. Market Opportunities • Expanding chemical industry around the globe is expected to accelerate the market growth of mining flotation chemicals. The chemical industry, its supply chain, and payroll-induced impacts made an estimated US$ 5.7 trillion contribution to world GDP in 2017. Moreover, the chemical industry spent US$ 3.0 trillion with their suppliers in 2017, buying goods and services used in the manufacture of their products. • Decreasing ores grades due to aging minerals deposit have reduced the grade of minerals ores. The market is experiencing huge demand on the account of increasing degrading ore grades as more is needed for the extraction of minerals. Hence, rising concern over degrading of the ore is expected to augment the market growth of mining flotation chemicals over the forecast timeframe.

7. Figure 2. Global Mining Floatation Chemicals Market – Opportunity Analysis

8. Market Trends • The introduction of new and advanced frothers has been a major trend in the mining industry and this is projected to favor the market growth of the flotation process. The rising shift from alcohol-based MIBC to high molecular structure glycol-based frothers which not only strength bubble but enable easy milling operations. Hence, the growing trend of using frothers is expected to accelerate the market growth of mining flotation chemicals. • Advancement in the floatation process is expected to be a major trend in the market and this is expected to augment the market growth of mining flotation chemicals. For instance, in October 2019, FLSmidth recently announced two important flotation innovations – its mixedROW Flotation System, which “combines the best attributes of two technologies to create next-level results” and the Froth Recovery Upgrade Package which finds solutions to flaws found in original froth recovery technology.

9. Figure 3. Global Mining Floatation Chemicals Market, Revenue Share (%), By Chemical Type,In 2018

10. Figure 4. Global Mining Floatation Chemicals Market – Value Chain Analysis

11. Competitive Section • Key players operating in the mining floating market BASF SE, Huntsman Corporation Air Products and Chemicals, Inc., Cytec Industries Inc., Cheminova A/S, Clariant AG, Chevron Phillips Chemical Company, KemiraOyj, Nasaco International LLC, and Beijing Hengju Chemical Industry Co. Ltd.

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