The global froth flotation equipment market size is expected to grow from USD 280 million in 2020 to USD 375 million by 2025, at a Compound Annual Growth Rate (CAGR) of 6.0% during the forecast period. The major driving factors are increasing investments in mining industry in APAC and South America, and stringent regulations pertaining to emission and treatment of municipal and industrial waste.
Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=186447862
The major Froth Flotation equipment vendors include Metso Outotec (Finland), JXSC (China), FLSmidth (US), Eriez Flotation (US), Yantai Jingpeng Mining Technology (China), SGS (Switzerland), Shandong Xinhai Mining Technology & Equipment (China), Tenova (Italy), Della Toffola (Italy), Prominer (China), EWAC (Czech Republic), Henan Fote Heavy Machinery (China), Shanghai Joyal Machinery (China), Westpro (Canada), and Zoneding (China). These players have adopted various growth strategies, such as new product launches, investment & expansion, and merger & acquisition, to expand their presence in the froth flotation equipment market further. New product launches and investment & expansion have been the most dominating strategy adopted by major players from 2016 to 2020, which helped them to innovate on their offerings and broaden their customer base.
Metso Outotec (Finland) is working efficiently in the froth flotation equipment market, owing to its high growth. The company focuses on building long-term strategic partnerships with companies involved in the value chain of the froth flotation equipment market. In February 2020, The company launched a new product under the Outotec Tankcell S series. It is designed to enhance throughput, grades, and recovery of ores with cost-effective standardized equipment. In July 2019, Metso Minerals and Outotec announced the merger to form a company named Metso Outotec. This development will result in the formation of a leading company in minerals, metals, and aggregates industry that provides process technology, equipment, and services.This merger strategy has helped Metso Outotec to strengthen their production and logistics systems and to ensure synergy in the froth flotation equipment market.
Eriez Flotation (US) is progressing in the froth flotation equipment market by providing technology solutions to various mineral & ore processing applications. The company launched a new product under the name of StackCell Flotation technology which provides coal recoveries and product qualities comparable to column flotation systems in April 2018. The design is focused on creating bubbles within aeration chamber, which saves energy within the system. In April 2017, The Rio Tinto Kennecott Copper (RTKC, US) and Eriez Flotation announced a collaboration aimed at testing of Eriez’s HydroFloat technology to evaluate the possibility of improving metal recovery from RKTC in Salt Lake City, Utah. This collaboration has helped in increasing copper ore recovery up to 70%.
Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=186447862
APAC is estimated to be the largest and the fastest-growing froth flotation equipment market during the forecast period. The growth of the market in this region is primarily attributed to the rapidly growing population, urbanization, and industrialization. The growing demand from the mineral & ore processing and wastewater treatment is playing a crucial role in fueling the market for froth flotation equipment in APAC. The favorable government initiatives of countries such as China and India are also expected to help the market growth in APAC. All these factors are expected to be favorable for the growth of the froth flotation equipment market.
Read Our Trending Press Release Below:
Hydrazine Hydrate Manufacturers
About MarketsandMarkets™
MarketsandMarkets™ has been recognized as one of America’s best management consulting firms by Forbes, as per their recent report.
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
Earlier this year, we made a formal transformation into one of America’s best management consulting firms as per a survey conducted by Forbes.
The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ‘GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies – helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Media Contact
Company Name: MarketsandMarkets™ Research Private Ltd.
Contact Person: Mr. Aashish Mehra
Email: Send Email
Phone: 18886006441
Address:630 Dundee Road Suite 430
City: Northbrook
State: IL 60062
Country: United States
Website: https://www.marketsandmarkets.com/Market-Reports/froth-flotation-equipment-market-186447862.html