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Mining Collectors Market Overview
Mining collectors market size is forecast to reach US$10.2 billion by 2027 after growing at a CAGR of 5.4% during 2022-2027. Mining collectors are utilized to separate minerals from their ore and are commonly employed as mineral collectors in the froth flotation process. The employment of mining collectors such as froth flotation, alkyl sulfates, xanthate salts, and others significantly boosts the mining extraction process efficiency. Moreover, in flotation, the objective of collectors is to increase the floatability of minerals so that they can be separated from the undesired mining fraction. The mining collectors market is majorly driven by the growth of the mining industry. Apart from this, the growing demand from the metallurgy industry for mining collectors is further boosting the demand for mining collectors, thereby, accelerating the mining collectors industry growth.
COVID-19 Impact
The Covid-19 pandemic forced countries all across the world to impose strict measures to curb the impact of the Corona Virus in the year 2020. Hence, there was a temporary suspension of mining activities due to the strict government-led measures such as restriction on movement, lockdown, and other factors. Moreover, there was a decline in the mining of lithium and other similar minerals. For instance, according to the United States Department of Agriculture (USDA), in the year 2019 lithium mine production across the world was 86 million tonnes, and in the year 2020, it was 82 million tonnes, a decline of 4.9%. Likewise, there was a decline in other mining production, which impacted the demand for mining collectors, this ultimately resulted in revenue losses for the mining collectors market. However, in the year 2021, to strengthen the economy from the negative impact of the Covid-19 pandemic mining production was encouraged with increased worker force safety, this benefited the market growth. Also, with time the Covid-19 pandemic impact will be low due to increased measures and this will lead to an increase in mining activities, thus, propelling the mining collectors industry growth scenario as it was before the Covid-19 time.
Mining Collectors Market Report Coverage
The report: "Mining Collectors Market–Forecast (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Mining Collectors industry.
Key Takeaways
- Asia-Pacific region dominated the mining collectors market, owing to the growing nickel mining production in the region. For instance, United States Department of Agriculture (USDA), in the year 2019, the Australian nickel mining production was 159,000 metric tons, and in the year 2020, it was 170,000 metric tons, an increase of 6.9%.
- The increasing customization solutions for mining and metallurgy are driving the demand for mining collectors, thereby, further benefiting the market growth.
- Furthermore, increased demand for higher-grade products and declining ore quality are key drivers of the shift from sulfide to non-sulfide ores for mining, which is propelling market growth even faster.
- Nevertheless, the hazardous nature of the xanthate salts is restricting the mining collectors market growth.
Figure: Asia-Pacific Mining Collectors Market Revenue, 2021-2027 (US$ Billion)
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Mining Collectors Market Segment Analysis – By Product Type
The xanthate salts held the largest share in the mining collectors market in 2021 and is growing at a CAGR of 6.2% during 2022-2027. Xanthate salts including sodium isobutyl, sodium ethyl, and more are frequently utilized as a mining collector and as flotation agents in the recovery of metal sulfides in the mining sector. The potassium-based xanthates are more powerful and selective than sodium-based xanthates (ethyl xanthates), which are less expensive but ineffective in extracting minerals from low-grade ores with a mineral content of less than 1%. Moreover, when compared with product types such as dithiophosphates, xanthate salts are stronger collectors used for the mining industry. Thus, these factors are resulting in the growing demand for xanthate salts for mining collectors, and further benefiting the mining collectors market.
Mining Collectors Market Segment Analysis – By End-Use Industry
The mining held the largest share in the mining collectors market in 2021 and is growing at a CAGR of 8.9% during 2022-2027. Mining collectors such as xanthate salts, dithiophosphates, and others are commonly employed to alter the surface characteristics of minerals in the mining industry. In addition, mining collectors remain on the surface of target minerals and provide hydrophobicity to such minerals, which is required for air bubble retention. Moreover, the increasing production activities through mining including nickel, aluminum, and more are accelerating the demand for mining collectors, further boosting the market growth. Moreover, in the year 2019, the production of nickel mining in Brazil was 60,600 thousand metric tons, and in the year 2020, it was 73,000 thousand metric tons, an increase of 20.5%. In the US, the nickel mining production in the year 2019 was 13,500 thousand metric tons, and in 2020 it was 16,000 thousand metric tons, an increase of 18.5%. Moreover, in Canada, aluminum mining production in 2019, was 2,850 thousand metric tons, and in 2020, it was 3,100 thousand metric tons, an increase of 8.8%. Hence, the increasing mining products such as nickel, aluminum, and other is anticipated to boost the mining collector's demand, which is also fueling the market growth.
Mining Collectors Market Segment Analysis – By Geography
Asia-Pacific region held the largest share in the mining collectors market in 2021up to 39%. The growing mining including zinc, lithium, and more, and metallurgy industries in the Asia-Pacific region are fueling the market growth. According to the United States Department of Agriculture (USDA), in the year 2019, the Zinc mining production in Australia was 1,330 thousand metric tons, and in 2020 it was 1,400 thousand metric tons, an increase of 5.3%. Moreover, in 2019 lithium mining production was 10,800 tons, and in 2020 it was 14,000 tons, an increase of 29.6%. According to the United States Department of Agriculture (USDA), in 2019 the total iron and steel production in China was 809 million metric tons, and in 2020, it was 830 million metric tons, an increase of 2.6%. Therefore, the expanding mining and metallurgy industries in the Asia-Pacific region are boosting the demand for mining collectors, which in turn is propelling the market growth.
Mining Collectors Market Drivers
Growing Metal Production
Mining Collectors are used in metals such as iron, steel, and others to remove rust, paint, and other impurities from metal surfaces. They improve the efficiency of the procedure by safely eliminating contaminants from metals that would otherwise corrode or be painted over after cleaning. The increase in the production of metals including iron, steel, manganese, chromium, and more are accelerating the mining collectors demand. According to the United States Department of Agriculture (USDA), in the year 2018, the total production of iron and steel at the global level was 1,250 million metric tons, and in 2019 it was 1,300 million metric tons, an increase of 4%. Also, in 2019 the production of manganese in Australia was 3,180 thousand metric tons, and in 2020 it was 3,300 thousand metric tons, an increase of 3.8%. Moreover, in the year 2018, the total chromium production worldwide was 43,100 thousand metric tons and in 2019 it was 44,000 thousand metric tons, an increase of 2.0%. Thus, the increasing metal production including iron and steel, manganese, chromium, and more is anticipated to fuel the mining collectors demand, thereby, driving the market growth during the forecast period.
Increasing New Mining Exploration Activities
The increasing new mining exploration activities to meet the growing industrial demand will accelerate the mining collector's demand. This will create an opportunity for the mining collector market growth. For instance, in May 2020, planning began for the Quellaveco Copper Mine - in Peru and the copper exploration will begin by the start of 2023. Moreover, in September 2021, site construction work began on the Matawinie graphite mine, Quebec, Canada, and the exploration will commence from 2023. Similarly, growing new mining exploration activities across the globe are further driving up the mine’s production. Hence, fueling the mining collectors market growth.
Mining Collectors Market Challenges
Highly Hazardous Nature of these Collectors
The most often used mining collectors, particularly xanthates, are said to be hazardous, flammable, and toxic, and their use comes with added expenditures for storage, transportation, and handling, among other things. Also, higher safety measures and precautions are advised for the use and handling of these mining collectors. Furthermore, manufacturers have focused on developing alternatives that are more stable and easier to use than other typical mining collectors in recent years, limiting the market for conventional mining collectors. Hence, factors such as the hazardous nature of these chemicals, higher expenditure, and other factors are posing as a major roadblock for the mining collectors market growth.
Mining Collectors Industry Outlook
Technology launches, acquisitions, and increased R&D activities are key strategies adopted by players in the market. Mining Collectors top 10 companies include:
- Senmin International Limited
- SNF FloMin Inc.
- Coogee Chemicals Pty Limited
- Orica Ltd
- CTC Mining
- Vanderbilt Chemicals, LLC.
- Clariant AG
- Cytec Industries Incorporated (Solvay Group)
- Tieling Flotation Reagents Co.
- QiXia TongDa Flotation Reagent Co., Limited.
Recent Developments
- In July 2021, Integrity BioChem headquartered in the USA launched a new bio-based surfactant product named TegraSurf and it can be potentially utilized as a mining collector. Product launches like these are benefiting the mining collectors market.
Relevant Reports
LIST OF TABLES
LIST OF FIGURES
1.US Mining Collectors Market Revenue, 2019-2024 ($M)2.Canada Mining Collectors Market Revenue, 2019-2024 ($M)
3.Mexico Mining Collectors Market Revenue, 2019-2024 ($M)
4.Brazil Mining Collectors Market Revenue, 2019-2024 ($M)
5.Argentina Mining Collectors Market Revenue, 2019-2024 ($M)
6.Peru Mining Collectors Market Revenue, 2019-2024 ($M)
7.Colombia Mining Collectors Market Revenue, 2019-2024 ($M)
8.Chile Mining Collectors Market Revenue, 2019-2024 ($M)
9.Rest of South America Mining Collectors Market Revenue, 2019-2024 ($M)
10.UK Mining Collectors Market Revenue, 2019-2024 ($M)
11.Germany Mining Collectors Market Revenue, 2019-2024 ($M)
12.France Mining Collectors Market Revenue, 2019-2024 ($M)
13.Italy Mining Collectors Market Revenue, 2019-2024 ($M)
14.Spain Mining Collectors Market Revenue, 2019-2024 ($M)
15.Rest of Europe Mining Collectors Market Revenue, 2019-2024 ($M)
16.China Mining Collectors Market Revenue, 2019-2024 ($M)
17.India Mining Collectors Market Revenue, 2019-2024 ($M)
18.Japan Mining Collectors Market Revenue, 2019-2024 ($M)
19.South Korea Mining Collectors Market Revenue, 2019-2024 ($M)
20.South Africa Mining Collectors Market Revenue, 2019-2024 ($M)
21.North America Mining Collectors By Application
22.South America Mining Collectors By Application
23.Europe Mining Collectors By Application
24.APAC Mining Collectors By Application
25.MENA Mining Collectors By Application
26.Competition Landscape, Sales /Revenue, 2015-2018 ($Mn/$Bn)