Sodium Isobutyl Xanthate Market Size | Industry Report, 2020-2025

According to trusted estimates, global sodium isobutyl xanthate industry is expected to witness a strong growth rate during 2019-2025. Increasing mining and extraction activities across the globe is driving the sodium isobutyl xanthate market. Use of chemical as a collector in floatation of metal sulfide ores, owing to its floating property is fueling the product demand across the mining sector. Widespread usage of sodium isobutyl xanthate across various industries such as rubber production, agriculture, and chemical is augmenting the market outlook.

Increasing foreign direct investment in the mining sector is expected bolster the market growth in the forthcoming years. Shifting focus among manufacturing firms towards mineral extraction from underground mines instead of open-pit mines for uncovering mineral-rich reserves deep inside the earth is propelling the demand for reagents including sodium isobutyl xanthate.

On the contrary, health concerns associated with sodium isobutyl xanthate such as irritation, headaches, nausea, and vomiting may hamper the product adoption. In general, xanthate salts are toxic and combustible in nature. Strict federal directives for worker safety, in tandem with awareness regarding the adverse impact of product on the aquatic life are restraining the sodium isobutyl xanthate industry share.

Based on the type, global sodium isobutyl xanthate industry is classified into powder, solution, and pellet. The demand for sodium isobutyl xanthate in the form of powder and pellet is expected to escalate in the coming years, owing to the flexibility of this form to be used in desired concentration.

Speaking of the application, sodium isobutyl xanthate market is bifurcated into rubber industry and metallurgical industry. The latter segment is expected to witness substantial growth over the analysis timeline, due to increased demand for metals and minerals from various sectors such as automotive, electronics, and construction. Rise in drilling and exploration activities for minerals & metals has boosted the demand for sodium isobutyl xanthate for metallurgical applications.

As per the regional analysis, U.S., Canada, Mexico, Germany, France, UK, Russia, Italy, China, Japan, Korea, India, Southeast Asia, Australia, Brazil, Argentina, Saudi Arabia, Egypt, Turkey, and South Africa are the major revenue generators for global sodium isobutyl xanthate market.

Sodium isobutyl xanthate market in North America is expected to witness considerable growth during the estimated timeframe. According to USGS National Minerals Information Center, in 2018, that U.S. mines generated approximately USD 82.2 billion of raw mineral materials. The report also states that United States relied completely on imports for 18 nonfuel mineral commodities. Hence, increasing production of raw minerals to decrease the dependency on import, coupled with inflowing investment in mining sector are contributing towards the regional market growth.

Qixia Tongda Flotation Reagent, Qingdao Ruchang Mining Industry, Jinduicheng Molybdenum Group, Shanghai BaiJin Chemical, Tieling Flotation Reagent, Shangdong Aotai, Senmin, TC China, SNF FloMin, and Coogee Chemicals are the major players of global sodium isobutyl xanthate market.

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