Mining floatation chemicals are vital to the operations of all sorts of mining operations. These chemicals are used to extract minerals from their sulphide and non-sulphide based ores. Flotation is a process used to concentrate/separate the ores by modifying the surface properties. The development of froth flotation has improved the recovery of valuable minerals, such as copper- and lead-bearing minerals.
Flotation chemicals, such as frothers, collectors, wetting agents, resurfacing agents, slime dispersants, conditioning agents, and pH regulators are used for the froth flotation process. Moreover, flotation chemicals are an integral past of the mining industry as they help separate valuable minerals, as well as help extract the minerals efficiently.
Market Dynamics:
Increasing demand for minerals is expected to propel the mining floatation chemicals market growth. For instance, the production of minerals, such as cobalt, lithium, and graphite could increase by nearly 500% by 2050, to meet the growing demand for clean energy technologies, according to the World Bank report.
Moreover, increase in mining activities and advancements in floatation process are expected to augment the growth of the mining floatation chemicals market. For instance, in 2019, FLSmidth announced two important flotation innovations, such as the Froth Recovery Upgrade Package, which finds solutions to flaws found in original froth recovery technology, and the mixedROW Flotation System, which combines the best attributes of two technologies to create next-level results.
Increasing investments in mining industry and stringent regulations and mandates concerning the environment are also expected to fuel the growth of the mining floatation chemicals market. However, high import duties, increase in transportation expenses, stringent government regulations for the implementation of eco-friendly practices in the mining industry, and fluctuating prices of chemicals are expected to restrain the growth of the mining floatation chemicals market.
Asia Pacific is expected to witness substantial growth in the market due to increasing demand for minerals in the region. For instance, in 2019, the mineral production stood at US$ 9.48 billion, according to the India Brand Equity Foundation.
Competitive Analysis:
Major players operating in the mining floatation chemicals market are BASF SE, Beijing Hengju Chemical Industry Co. Ltd., Nasaco International LLC, Kemira Oyj, Chevron Phillips Chemical Company, Clariant AG, Cheminova A/S, Cytec Industries Inc., and Huntsman Corporation Air Products and Chemicals, Inc.
In September 2019, Clariant launched a new centre of excellence in Johannesburg, South Africa, and has also concluded a new partnership, with both of these measures aimed at supporting the growing African mining industry.
