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Froth Flotation Chemical Market size is forecast to reach $524.87 million by 2025, after growing at a CAGR of 3.12% during 2020-2025. Froth flotation is a commonly employed technology to improve the quality of raw coal and minerals and is used to reduce surface tension of the liquid-gas interface to enable froth formation. Property of Froth depends on many parameters including composition, concentration, and ability to interact with liquids, solids, reservoirs, and modificators. With rise in demand of Froth Flotation from mining industry and pulp and paper industry is likely to escalate the demand for Froth Flotation Chemical Industry in the forecast period.
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Reagent Type- Segment Analysis
The Frother’s reagent held the largest share in the Flotation Chemical Market in 2019 owing to its wide use in the coal, paper recycling, and wastewater disposal sectors. Frother’s are liquids which create the froth or foam on which the process of flotation depends. The froth is similar to soap suds which include the actual distinction between the floating mineral(s) and the waste-containing pulp. The froth needs to be solid enough to withstand the weight of the floating stone, yet still not tenacious yet non-flowing. When separated from the flotation cell it has the potential to break down and does not raise unnecessary substance flotation.
By Application- Segment Analysis
Mining in the froth flotation chemicals market is projected to grow at a CAGR of 2.7% during forecast period 2020-2025. F0roth flotation chemicals are commonly used in mineral production, causing them to be added to air bubbles. The special isolation of minerals from the slurry is achieved using the hydrophobic characteristics disparity of the materials. Chemicals are used to float diverse minerals such as feldspar, quartz, calcite, potash, barite, phosphate, fluorspar, etc. The two flotation methods are direct and reverse flotation, depending on the mineral connection process. Froth flotation chemicals play a very significant role in mining and mineral ores production. As the demand of base metals such as iron, steel, aluminum and precious metals such as silver, gold, and platinum has increased, mining operations done with sodium ethyl xanthate for the metals have surged globally.
Geography- Segment Analysis
APAC holds the largest share with 36.3% in 2019 for the global Froth Flotation Chemical Market. Asia-Pacific is expected to dominate the market during the forecast period, owing to the rising demand from countries, such as China and India. Due to the large mining activities in the region, China is among the main suppliers of mining goods. In India, the demand for froth floatation chemical is dominated by the mining industry due to the availability of large metal and mineral deposits, across the country. According to India Brand Equity Foundation, India produces 95 minerals– 4 fuel-related minerals, 10 metallic minerals, 23 non-metallic minerals, 3 atomic minerals and 55 minor minerals. In 2019, the country’s coal ministry has allowed private firms to participate in mining operations, and 100 percent of Foreign Direct Investment (FDI) has been permitted in the mining industry.
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Drivers –Froth Flotation Chemical Market
Froth flotation is an important step used to extract and improve sulfide ores, making it easier to extract precious metals from even lower quality ores even more efficiently. Frothing is typically conducted over several stages to optimize goal mineral recovery. Historically, this method was first developed and used in mining. In the mining industry, froth flotation chemicals are primarily used to extract minerals from the slurry, to remove impurity, and to purify other minerals. Also, Methyl isobutyl carbinol (MIBC), an organic chemical compound, which has minimal water solubility, is used as a frother in mineral flotation and lubricant oil additives. For instance, according to the Australian Bureau of statistics, in the quarter of December 2019, the trend estimate for overall expenditure on mineral exploration increased 5.1% ($34.9 m) to $717.1 m. Additionally, among the largest mining projects in Western Australia, BHP’s South Flank project with an investment of $5.3 billion and Fortescue Iron Bridge project with an investment of$3.8 billion are the currently ongoing projects which is projected to complete in the upcoming years. Whereas, according to the report issued by the Argentinian Chamber of Mining Entrepreneurs states that an investment in the mining industry to reach $29 billion in 2019 due to the continued growth in the mining industry across the country. The growth in the mining industry are further contributing to the growth of global froth flotation chemicals market during the forecast period.
Froth flotation is one of the methods used by recycled paper to produce fresh material. This method is known as de-inkling in the paper and pulp industries and is used to extract hydrophobic pollutants from the recycled material. Hence, due to this benefit demand for froth flotation chemicals is growing in the paper and pulp industry. Furthermore, Paper and pulp industry is among one of the largest industries in the world and the world production of paper and paperboard industry is expected to reach 490 million tons by 2020. In the process of froth floatation the function of potassium ethyl xanthate used in paper and pulp industry is to make the ore water repellant. China is the world’s largest paper producing country. In April 2018, China processed 10.68 million tons of paper and cardboard. The growth in the production of paper and paperboard is also contributing for the growth of this market during the forecast period.
Challenges –Froth Flotation Chemical Market
The froth flotation chemicals are the most widely used method in the mining industry for mineral recovery. The chemicals used during mining processing are used to generate the froth and to adjust the pH level. However, as froth flotation chemicals are important materials for the mining operations then the hazardous chemicals/waste coming out during the mining activity is the challenging factor for the growth of this market. The mining operation leads to cause the environment or health due to presence of various hazardous products/wastes. For instance, the mining operations produce fairly large amounts of waste, called tailings. Tailing contain dangerous minerals from the mining chemical and is used in the extraction process, which exist in the original ore as well as inorganic and organic residuals. These hazardous minerals lead to pollute the atmosphere, surface water, and ground water during mining operations. Furthermore, the huge volume of dust produced by explosion, transportation, and processing result in the death of the vegetation around them. Chemicals which are used in extraction methods, such as mud drilling, are also highly polluting.
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Froth Flotation Chemical Market. In 2019, the market of Froth Flotation Chemical has been consolidated by the top five players accounting for xx% of the share. Major players in the Froth Flotation Chemical Market are Ashland, BASF SE, Clariant, Cheminova AS, Chevron Phillips Chemical Co. LLC, CP Kelco, Huntsman International LLC, Kemira, Nasaco International LLC, Akzo Nobel NV among others.
Acquisitions/Technology Launches
Key Takeaways
Market Landscape
Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Froth Flotation Chemical Market. In 2019, the market of Froth Flotation Chemical has been consolidated by the top five players accounting for xx% of the share. Major players in the Froth Flotation Chemical Market are Ashland, BASF SE, Clariant, Cheminova AS, Chevron Phillips Chemical Co. LLC, CP Kelco, Huntsman International LLC, Kemira, Nasaco International LLC, Akzo Nobel NV among others.
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