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With the COVID-19 pandemic causing significant disruptions in the mining sector, growth registered by the froth flotation market is likely to be compromised. The Froth Flotation Chemicals market faces significant challenges ahead, as end users including mining, paper & pulp, industrial waste and sewage treatment among others continue to reel under the impact of the pandemic. Sluggish growth will remain constant in 2020. However, it is likely to recover from this temporary period of lull as soon as mining activities and operations across other industries resume in full capacity. The report examines evolving trends across end-use markets to present refined forecasts on the froth flotation chemicals market for the period of 2020 to2030.
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Froth Flotation Chemicals Market Overview
The froth flotation chemicals market is expected to exhibit a CAGR of above 2% during the forecast period 2020-2030 to reach market value of more than US$ 2.2 Bn by the end of 2030. Increasing mining activities are expected to be the key drivers of the global froth flotation chemicals market.
Rising consumption of base metals such as iron, steel and aluminum, and others along with increasing popularity of precious metals such as silver, gold, and platinum are driving mining activities across the world. Surge in mining activities will have a direct impact on froth flotation chemicals market.
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Froth Flotation Chemicals Market: Segmentation
Fact.MR’s research study assesses the global froth flotation chemicals market in terms of grade, application and region. This report presents extensive market dynamics and trends associated with different segments of the market and their influence on the growth prospects of the global froth flotation chemicals market.
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Increase in Mining Activities Expected to Boost Market Growth
Mining industry is the leading end user of froth flotation chemicals. The growth of mining industry thus impacts the froth flotation market directly. Various minerals are extracted using froth flotation method. Some of them are feldspar, quartz, calcite, potash, barite, phosphate and fluorspar among many others.
Countries in Asia such as China and India are witnessing a significant growth in the mining industry. This growth is expected to reflect in the growing demand for froth flotation chemicals in the region. Apart from Asia Pacific, North America is expected to see a rise in mining activities throughout the forecast period 2020-2030. This will bode well for the market in the coming years.
Expansion of Paper and Pulp Industry to Fuel Demand
Paper and pulp is one of the largest industries currently, with a volume of around 500 million tons. With rising concerns regarding environmental safety across the world, recycling of paper is gaining popularity. To reduce deforestation and its harmful impacts on the climate, paper and pulp recycling is being carried out extensively across the world.
This rising focus on recycling of paper and pulp is fueling the demand for froth flotation chemicals, as froth flotation is one of the most widely used methods for recycling paper. Froth flotation chemicals assist in extraction of hydrophobic pollutants from recycled material in order to provide fresh material in a process called deinking.
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The Froth Flotation Chemicals Market research answers important questions, including the following:
- Why Froth Flotation Chemicals Market players are focusing on the business expansion in region?
- Which regulatory authorities have granted approval to the application of Froth Flotation Chemicals Market
- What are the pros and cons of the Froth Flotation Chemicals Market the environment?
- Why players are targeting the production of segment?
- What are the strategies implemented by emerging players in the global Froth Flotation Chemicals Market?
The Froth Flotation Chemicals Market report serves the readers with the following data:
- In-depth analysis of supply-side and demand-side trends.
- Direct and indirect impacts of the growth of relevant markets on the Froth Flotation Chemicals
- Importance of segment in various regions.
- Accurate Y-o-Y growth of the global Froth Flotation Chemicals
- Consumption trends among individuals across the globe.
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