Mining flotation is a technique used for separating mineral from oil based on the difference in the surface properties of gangue and the mineral. The surface of the material selected for the process is first made water repellent or hydrophobic using selective reagents. Air bubbles are then introduced in the system to which the mineral particles get attached. These particles are then collected as froth whereas the wetted particles are left behind in the slurry. The most common chemicals used during mining flotation include frothers, collectors, activators, dispersants, flocculants, and depressants. The volume and quality of global mining flotation chemicals market vary as per the type of ore.
Typical flotation equipment consists of components such as operation components (particle size, feed rate, mineralogy), chemistry components (flotation chemicals), and equipment components (agitation, cell design, air flow, and others).
Rising Demand for Minerals in Production of Diverse Products Boosts Market
The depletion of mineral deposits in terms of both quality and volume has raised an alarm globally. However, on the other hand, the demand for products produced using minerals as raw materials has considerably increased. In order to maintain an equilibrium between the demand and supply of minerals, mineral processors have opted for more sustainable solutions ensuring optimal mineral recovery from ore. This in turn has translated into the rising consumption of mining floating chemicals. The rapid urbanization and industrialization witnessed worldwide also significantly aids the expansion of the global mining flotation chemicals market.
Demand for Sulphide, Collectors, and Flocculants to Surge Significantly
On the basis of type of ores, the global mining flotation chemicals market can be segmented into non-sulphide ores and sulphide ores. Of these the sulphide ores segment accounted for a share of over 68% in the global market for mining flotation chemicals in 2014. Between 2014 and 2020, the market valuation of the non-sulphide ore segment is expected to reach US$758.3 mn. The segment is thus projected to represent a share of 28.1% in the market during the aforementioned period.
In terms of type of mining flotation chemicals, the global market can be segmented into frothers, collectors, activators, flocculants, dispersants, and depressants. Of these, the collectors segment held the largest share of 25% in the market in 2014 based on revenue. By 2020, the market valuation of the segment is expected to surpass US$3.0 bn. Flocculants has emerged as the second largest segment in the market, representing a share of 20% in 2014. The demand for flocculants in mineral processing is poised to surge at a CAGR of 4.5% between 2014 and 2020.
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Asia Pacific to Exhibit Rising Demand for Mining Flotation Chemicals
Regionally, the global mining flotation chemicals market can be segmented into North America, Asia Pacific (excluding Japan), Eastern Europe, Western Europe, Japan, Latin America, and the Middle East and Africa. Among these regions, Asia Pacific exhibits a considerably high consumption of mining flotation chemicals. The increased investment in the region’s mining industry has been boosting the demand for mining flotation chemicals from Asia Pacific.
Some of the leading companies operating in the global mining flotation chemicals market are Clariant, BASF SE, Kemira Oyj, Cytec Industries Inc, Chevron Philips Chemical Company LLC, Air Products & Chemicals Inc., Nasaco International LLC, Cheminova A/S, Huntsman Corporation, and Beijing Hengju Chemical Industry Co. Ltd.