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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.
This high growth is due to the increasing investment in mining in APAC and South America and high demand in mineral & ore processing, wastewater treatment, and paper recycling applications.
+ Driver: Increasing investments in mining industries in APAC and South America
The growth of the global mining industry is a major factor boosting the demand for froth flotation equipment. Investments in mining and mineral processing industries in APAC and South America are driving the demand for flotation equipment in these regions.
+ Restrain: Slow growth of mining industry in developed countries
Developed countries of North America and Europe have witnessed slow or negative growth in the mining industry over the past few years. In North America, factors such as stringent environmental regulations, high energy costs, weak domestic demand, and low profitability have contributed to the industry’s slow growth.
+ Opportunity: High demand for large flotation cells
In order to improve capital and operating costs per unit of metals produced, large size mining and mineral processing equipment were developed.
+ Challenge: Environmental concerns related to mining industry
Mining operations routinely alter the surrounding landscape by exposing previously undisturbed earthen materials. It results in the erosion of exposed soils, extracted mineral ores, tailings, and fine materials in waste rock piles that can bring substantial sediment loading to surface waters and drainage ways.