Market Research Report
Global Froth Flotation Equipment Market - 2020-2027
|Published by||DataM Intelligence||Product code||959521|
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|Global Froth Flotation Equipment Market - 2020-2027|
|Published: September 8, 2020||Content info:||
Froth flotation is a mechanism by which hydrophobic materials are selectively distinguished from hydrophilic. This process is used in various industries for mineral processing, paper recycling, and wastewater treatment. The flotation may be carried out in mechanically agitated rectangular or cylindrical cells or tanks, flotation columns or flotation deinking machines. The equipment for froth flotation does not require much maintenance and space. In order to improve capital and operating costs per unit of metals produced, large size mining and mineral processing equipment were developed. Flotation columns are extensively installed in zinc, lead, gold, molybdenum and sulfide ore flotation plants. Hence, many companies are focused on the manufacturing of these large size flotation cells. The global froth flotation equipment market valued USD XX billion in 2019 and is estimated to reach USD XX billion by 2027, growing at a CAGR of XX% during the forecast period.
The growth of mining industry in APAC and South America is a major factor boosting the demand for froth flotation equipment. Rapid industrialization in countries such as India, China and Brazil have spurred the metal and mineral production activities in the past few years. China is a leading producer of rare-earth metals, gold, copper, coal, limestone, and iron & steel, while India has witnessed significant investments in the iron & steel industry over the past few years. In addition, South America is a high-growth region for the mining industry. It has become a preferred destination for mining investments by major global mining companies. Key countries such as Chile, Peru, and Brazil have large mining capacities and have witnessed increased investments from foreign companies over the past five years. The demand for minerals and metals from Asia is expected to drive the mining industry in Chile, with increasing investments from Indian and Chinese companies. Peru and Brazil are also attracting significant investments from foreign companies based in Canada, Australia, China, and India.
However, flat growth of mining industry in developed countries of North America and Europe, and environmental concerns related to mining industry is expected to hinder the market growth.
The global froth flotation equipment market has been segmented by machine type into cell-to-cell flotation and free-flow flotation. Free-flow flotation segment is expected to dominate the global froth flotation equipment market in near future. It is expected to grow at a CAGR of XX% during the forecast period. Free-flow flotation to witness high growth due to its increasing demand for various applications such as wastewater treatment and mineral & ore processing. These types of machines provide mineral beneficiation to achieve higher profits from their concentrate, decreasing plant footprint, lower shipping costs and lower smelter penalties.
By geography, Asia Pacific is expected to be the fastest growing region with a CAGR of XX%. Mining is a major economic activity in the region, owing to the presence of large metal and mineral reserves, which is a key driving factor for Asia Pacific froth flotation equipment market. China is the largest manufacturer of froth flotation equipment, owing to the country's large mining operations. The country is one of the largest producers and consumers of mining products. In addition, several key market players including JXSC, Yantai Jingpeng Mining Technology, Shandong Xinhai Mining Technology & Equipment, Shanghai Joyal Machinery and Zoneding are present in this country.
The global froth flotation equipment market is fragmented in nature with the presence of many manufacturers. Metso Outotec, FLSmidth and Rio Tinto, JXSC, and Eriez Flotation among others are key players in the market. Emphasis is given on the expansion, merger, acquisition and partnership of the companies along with new product development as strategic approaches adopted by the leading companies to boost their brand presence among consumers. For instance, in July 2019, Metso Minerals and Outotec merged to form a company named Metso Outotec. This development resulted in formation of a leading company in metals, minerals and aggregates industry that provides process technology, equipment, and services.