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The Global Mining Flotation Chemicals Market size was estimated at US$ 7.1 billion in 2021 and is expected to grow at a CAGR of 4.3% within the forecast period of 2022-2027. Mining flotation chemicals, also known as flocculants, are a mixture of chemicals that are used in the agglomeration of fine mineral particles from their respective ores by altering their surfaces to a hydrophobic or hydrophilic condition, which is further optimized by chemical additives and reagents. Mining flotation chemicals are commonly used in the extraction of minerals from sulphide ores, iron ores, galena, and others. The growing mining industry, along with the increase in demand for various minerals in different verticals, has led to a growth of the global mining flotation chemicals market industry. In this report, we will take an in-depth look at the global mining flotation chemicals market industry outlook and analyse the market share of the global mining flotation chemicals market top 10 companies.
During the COVID-19 pandemic, many industries had suffered a tumultuous time, and it was no different for the global mining flotation chemicals market. Many governments across the globe implemented lockdown regulations and factories & production facilities in many sectors came to a halt. The supply chain was greatly disrupted as many businesses followed lockdown protocols. Some of these impacts include suspension of mining production, and reduction of sales of minerals in the market. Some of the main verticals of the mining industry include the energy sector and the manufacturing sector. According to the International Energy Agency (IEA), global energy consumption decreased by 4% while the total coal consumption decreased by 4.4% in 2020. However, conditions are improving after the initial phase of the pandemic as lockdown procedures have been lifted and production has resumed in many sectors. For instance, according to United Nations Industrial Development Organisation (UNIDO), the global manufacturing production grew by 3.5% in September 2021 compared to the same month of 2020. Additionally, the demand for the mining sector has also observed a spike. The global mining flotation chemicals market industry is greatly influenced by the mining sector. As such, the demand for the global mining flotation chemicals market is estimated to grow within the forecast period of 2022-2027.
Global Mining Flotation Chemicals Market Analysis – By Ore
Within the ores segment, sulphide ores held the largest share with 53.3% in the global mining flotation chemical market in 2021. Mining flotation chemicals are primarily used to obtain minerals from sulphide ores, which are mainly concentrated by the froth flotation process. Sulphide ores yield a variety of minerals such as iron, copper, lead, gold, silver, nickel, cobalt and so on. This is because sulphide minerals can be expressed in a variety of chemical arrangements due to the versatility of sulphur’s chemical structure. Due to this, it is widely preferred over non-sulphide ores that generally yield lesser minerals in comparison.
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Global Mining Flotation Chemicals Market Analysis – By Chemical Type
Collector flotation chemical additives held the largest share with 24.2% by chemical type in the global mining flotation chemicals market in 2021. Collector flotation reagents preferentially adsorb at the solid-liquid interface and make the surface of the desired mineral hydrophobic as well as facilitating bubble-particle attachment. This, essentially, increases the floatability of minerals in order to affect their separation from the undesirable mineral fraction, commonly known as gangue. Some common examples of collectors are xanthates, aerofloats, and thiocarbanilide. New developments in collectors and different chemical types are propelling the global mining flotation chemical market industry outlook. For instance, Clariant AG, a leading company in mining flotation chemicals, has introduced a new line of safer and better alternative to xanthate collectors, known as HOSTAFLOT. Since the launch of the HOSTAFLOT line of products in 2016, Clariant AG has constantly been innovating and adding to this new line of collectors to increase the efficiency of mining flotation without having any logistic challenges. Such trends in the global mining flotation chemicals market prove to be excellent drivers within the forecast period of 2022-2027.
Global Mining Flotation Chemicals Market Analysis – By Geography
The Asia-Pacific region held the largest share with 41% in the global mining flotation chemicals market and is estimated to dominate the market within the forecast period of 2022-2027. The demand for mining flotation chemicals in the region is primarily being driven by the increasing demand of coal and metal reserves in the region, which directly feeds into the energy sector as well as the manufacturing sector of the region. According to the International Energy Agency (IEA), the demand for coal is primarily being driven by China and India, who roughly account for two-third consumption of the total coal reserves of the world. In 2020, China is estimated to have a 53% share of the world’s coal consumption while India is estimated to have a consumption of 12%. By 2024, China is estimated to have an increase in coal demand by 135 million tons while India will have an increase in demand by 129 million tons. Due to an increase in demand of the mining industry in the region, the demand for mining flotation mineral is also estimated to increase within the forecast period of 2022-2027.
Global Mining Flotation Chemicals Market Drivers
The growing demand for the energy sector:
After the events of the Covid-19 pandemic, the demand for the energy sector has witnessed a significant increase as many countries are in the process of recovering their economy and is expected to see a rising trend within the forecast period of 2022-2027. Mining flotation chemicals are used extensively in coal mining activities and the rising coal demand for energy is driving the growth of the industry. According to the International Energy Agency (IEA), the total energy supply is estimated to grow 1.3% year-on-year from 2020 to 2030 reaching about 670 exajoules by 2030. This is especially being driven by the increase in demand for coal which is estimated to reach an all-time high of 8,031 million tons in 2024. The mining industry is essential in supporting the energy sector, so incidentally, the demand for the mining industry will also grow within the forecast period of 2022-2027.
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Global Mining Flotation Chemicals Market Challenges
Various regulations and sanctions are put in place to control the toxicity of the chemicals:
Most of the chemical additives used in mining flotation can prove to be very toxic and hazardous to human health and the environment. For instance, xanthates can cause irritation to the eyes, skin, and respiratory tracts while long-term exposure can lead to damage on the nervous system and reproductive effects. As such, there various regulations put in place to mitigate and control the toxicity of mining flotation chemicals. One such example is the REACH regulation in the European Union, where any chemical must abide by the various safety guidelines and toxicity levels are tested before the chemical is made available for trade and commerce. This proves to be a challenge for the growth of the global mining flotation chemicals market within the forecast period of 2022-2027.
Global Mining Flotation Chemicals Industry Outlook
Technology launches, acquisitions, and R&D activities are key strategies adopted by players in this market. Global Mining Flotation Chemicals top 10 companies include:
Huntsman International LLC
Chevron Phillips Chemical Company LLC
On December 20, 2021, BASF SE, one of the leading companies in mining flotation chemicals, announced that it will be increasing prices for all of its mining chemicals globally up to 35%. This was done so to better support their BASF Mining Solutions with high-level products and services.
On September 27, 2021, Clariant AG, a leading mining flotation chemicals manufacturer, opened a new laboratory called the Competence Center for Tailings Management (CCTT) in Brazil which will be dedicated to innovative and customized solutions to enhance the sustainability of the global mining industry.
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The Asia-Pacific region will dominate the global mining flotation chemicals market within the forecast period of 2022-2027. This is primarily being driven by the increasing demand for coal and metal reserves which is driving the mining activities in the region.
Sulphide ores the most commonly used ores which are used to extract minerals which is mainly because of the versatility of sulphur’s chemical arrangement. As such, a variety of minerals can be obtained from sulphide ores.
The rising growth of the energy sector proves to be a great driver for the global mining flotation chemicals market within the forecast period of 2022-2027.
One of the key challenges for the global mining flotation chemicals market are the various regulations put in place to limit and mitigate the production mining flotation chemicals that have to undergo strict testing before being introduced into the market.
A. Base Metal Mining Market
B. Lead Mining Market
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