Flotation process used in the mining industry is a technique that separates minerals from its ore. The flotation process carries out in three different components namely chemistry component, operation component, and equipment component. In order to obtain high recovery rate of minerals from its ore, flotation chemicals play a prominent role.
Growing demand for minerals for various end-use applications is boosting the mining industry. To improvise the recovery rate of minerals from its ore, the companies are adopting different techniques. The growing extraction rate of minerals is expected to boost the mining flotation chemicals market over the forecast period.
Stringent regulations by some of the government regarding the use of chemicals during mining processing are expected to restrain the growth over the forecast. The Australian government introduced Environmental Protection Water Quality Policy in order to control the utilization of chemicals for mining and industrial application, which is anticipated to restrain the flotation chemicals market in the region.
The type segment for mining flotation chemicals includes frothers, flocculants, collectors, activators, dispersants and others. During the mineral processing by flotation technique, slimes aggregate on the surface of the granular particles which hamper the recovery of minerals. Dispersants are the flotation chemicals used to remove slimes from the particles. The dispersant type segment is estimated to witness a steady growth over the forecast period.
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The regional segmentation includes North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is expected to witness slow growth due to stringent environmental regulations in the region. However, increasing mining activities in Russia is expected to have a positive impact on the market growth.
Key players operating in the global mining flotation chemicals market include Huntsman Corporation, BASF SE, Cytec Industries Inc., Clariant, Chevron Philips Chemical Company LLC, Ashland, Cheminova A/S, Nasaco International LLC, Beijing Hengju Chemical Industry Co. Ltd, and Kemira Oyj.