Mining Flotation Chemicals Market Growing on Account of Limiting Mineral Deposits and Deteriorating Quality of Ores, Says Future Market Insights (FMI)

VALLEY COTTAGE, New York, April 12, 2016 /PRNewswire/ --

Future Market Insights (FMI) recently announced the release of its report titled, 'Mining Flotation Chemicals Market: Global Industry Analysis and Opportunity Assessment, 2014-2020.' According to the report, the global mining flotation chemicals market was valued at over US$ 8.0 Bn in 2014. Market values is expected to increase 1.3X by the end of 2020, with a projected CAGR of 4.7% during the forecast period (2015-2020).

Chemicals used for processing ores into minerals are called mining flotation chemicals, which are broadly classified into collectors, frothers, dispersants, activators, depressants and flocculants. Growth in manufacturing and construction industry, coupled with technological advancements in mineral processing and rising demand for purest forms of minerals reshaped the dynamics of global mining flotation chemicals market.

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Market Drivers and Restraints 

Limiting mineral deposits and deteriorating quality of ores has been one of the key factors catalysing the demand for mining flotation chemicals across the globe. Ageing mineral deposits has resulted into decreased grade of mineral ores, as a result mining flotation chemicals are required to extract optimum volume and quality of minerals. 

Demand for minerals has also strengthened as a result of large scale urbanization and increasing construction activities. Minerals are used as raw materials in production of various products such as steel, wires, frames, etc., and mining floatation chemicals play an important role in production of these minerals. Thus, anticipated growth in construction activities and rapid urbanization worldwide are expected to create substantial opportunity for mining flotation chemical producers.

The global mining flotation chemicals market is projected to reflect positive growth over the forecast period. However, certain issues need to be addressed, which are adversely affecting profitability margin of involved players. Logistics and transportation costs of mining flotation chemicals is one such concern producers of mining flotation chemicals have encountered for a long period. Transpiration and logistics contributes to approximately 20% cost of the final product. Import duties on reagents used in production of mining flotation chemicals have also surged up in countries where mining flotation chemicals are concentrated. Such reagents are important in mining flotation chemical production, as they add to quality of extracted ores.