November 04, 2020
According to the research report titled ‘Global Froth Flotation Equipment Market Size study, by Machine Type (Cell-to-Cell Flotation and Free-Flow Flotation), by Application (Mineral & Ore Processing, Wastewater Treatment and Paper Recycling) and Regional Forecasts 2020-2027‘, available with Market Study Report, global froth flotation equipment market was valued at USD 264.2 million in 2019 and is expected to grow with a CAGR of 6% during 2020-2027.
Rising investments in mining sector, in consort with strict regulations pertaining to emissions and treatment of municipal & industrial waste are primarily augmenting the growth of global froth flotation equipment market.
Further, several applications such as mineral processing, paper recycling, and waste-water treatment are boosting demand for froth flotation equipment to improve recovery of valuable minerals like copper and lead-bearing minerals, in turn contributing to industry remuneration.
It is to be noted that froth flotation process involves extraction of minerals using synthetic compounds by letting the former append to air bubbles. It separates the minerals from their ores by using reagents on the surface of forth layer.
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Adoption of strategies like new launches, acquisition & collaborations are propelling global froth flotation equipment market expansion. For instance, Metso Outotec introduced Outotec Tankcell S series in February 2020, a flotation equipment that will enhance grades, recovery, and throughput of ores in cost-effective way.
However, rising demand of flotation cells available in large size is a major factor is expected to hamper the overall market size over the forecast period.
Based on application scope, global froth flotation equipment industry is segmented into paper recycling, mineral & ore processing, and wastewater treatment. With regards to machine type, the industry is bifurcated into free-flow flotation and cell-to-cell flotation.
Speaking of regional landscape, worldwide froth flotation equipment market is segmented into North America, Latin America, Asia Pacific, Europe, and rest of the world. Among them, Asia Pacific market accumulated significant revenues in the past year mainly due to rising investments in mining sector and high product demand from mineral & ore processing, and wastewater treatment verticals in this region.
Major players influencing global froth flotation equipment industry trends are Yantai Jinpeng Mining Machinery Co. Ltd., Prominer Mining Technology Co. Ltd., Metso Outotec, Shandong Xinhai Mining Technology & Equipment Inc., Della Toffola SpA, Eriez Flotation Division, JXSC Mine Machinery Factory, SGS S.A., FLSmidth & Co. A/S, and Tenova India Pvt. Ltd.