Xanthates Market Recent Growth and Oppertunities | Key Players - Senmin International (Pty) Ltd, QiXia TongDa Flotation Reagent Co., Ltd., Yantai Humon Chemical Auxiliary Co.Ltd, CTCMining, SNF FloMin

The global xanthates market is estimated to be valued at US$ 388 Mn by 2017 end and is expected to reach nearly US$ 625 Mn by the end of 2025, registering a CAGR of 6.1% over the forecast period. Globally, the consumption of xanthates was pegged at 247,000 tons in 2016 and is projected to register a CAGR of 4.7% over the forecast period to reach 371,826 tons by the end of 2025.

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Xanthates are widely used for the extraction of copper, gold and other metals. Over the recent years, there has been a significant decline in the quality of copper ores extracted. The average copper ore grade has declined significantly in the past few years, dropping from 1.2% (2005) to ~0.9% (2015). China is a significant producer of copper with a large number of copper mines. Gold mining in China has also been increasing significantly over the recent past. Australia also has a noticeable share in gold mining in the region. The average ore grade for gold can vary from 1-4 g/ton to 8-10 g/ton. As a result of the extraction of gold from low grade ores that are found in a number of mines in China, these is an increasing demand for flotation collectors, such as xanthates.

Ageing mineral deposits are resulting in decreased grade of mineral ores. Attributing to the depleting reserves globally, the mining industry is facing the problem of low productivity. The quality of ore is getting affected and as a result, there is a need for exploiting reserves that lie deeper inside the earth. Attributing to this complexity in mining, the demand for mining flotation chemicals is increasing as more chemicals are required for extraction of the desired mineral. This has led to an increasing demand for mining reagents, such as xanthates. Global decline in ore grade has led to the need for exploration of new mines with targeted geographic expansion by investors in Vietnam, India, Australia and other regions of Asia Pacific, thus, driving the APAC xanthates market.

Though APAC region is the largest manufacturer of xanthates, there are certain challenges faced by the manufacturers for xanthates production. For instance, there has been a significant rise in the price of amyl alcohol, which is an important raw material used in the manufacture of potassium amyl xanthate (PAX). Attributing to xanthates being the largest class of sulphide collectors used for mining, the rise in prices of raw materials has significantly impacted market growth. The APAC region is focusing on the production of cheaper xanthates, such as sodium based and other alternatives, such as dithiophospates and dithiocarbamates, which are increasingly used as replacements for xanthates. Moreover, there are other factors, such as the hazardous nature, low stability and toxic nature associated with xanthates that are restraining market growth. Consumers are switching towards environment friendly alternatives. Additionally, there are a number of regulations pertaining to the transport and export of xanthates to other regions, which are also restraining market growth.

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APAC is projected to gain 90 BPS over the forecast period. The region has two main consumers of xanthates – China and Australia. These countries have a large number of copper and gold reserves. The ores extracted are usually of lower grade with less mineral content. As a result, there has been greater demand for xanthates for the processing of ores in these countries. Latin America is also anticipated to be a lucrative region and is expected to register a CAGR of 6.7% over the forecast period. A number of investments have been made in the mining sector in Latin America. Countries like Peru, Chile, Mexico and Columbia are expected to create significant opportunities for xanthates in the Latin America market.

Conventionally, the use of xanthates was only limited to the mining sector. But recently, there have been noticeable investments in expanding the application scope of xanthates. As a result, xanthates now find applications such as accelerators in rubber processing. Xanthates are used for low temperature curing of rubber. They are also used as high temperature lubricant additives and fire proofing agents. There has also been an increasing use of xanthates for the manufacture of agrochemicals such as herbicides and pesticides.

Report presents a comprehensive and an insightful report on the xanthates market titled ‘Xanthates Market: Global Industry Trend Analysis 2012-2016 and Forecast 2017-2025’. The report begins with an elaborate executive summary which has the important market numbers related to the global xanthates market such as the market values for the year 2017 and 2025 and the most attractive segment and region in this market. The executive summary also gives the concise list of drivers, restraints and trends in the global xanthates market which are dealt in detail in another exclusive section of this report.

The executive summary also has a list of prominent players that are operating in the xanthates market. In another part of the executive summary, the global xanthates market revenue share by product type, by application and by region for the years 2017 and 2025 is given. In the executive summary, there is also a concise and yet informative Persistence Market Research analysis on the overall market approach of the leading players operating in the global xanthates market and information is also given on the target segment and the target country that is most lucrative in this market.

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The differentiating strategies of the leading market players is also given in this sub section of the executive summary. Also, in another part of the executive summary, views of market participants regarding the important aspects of the xanthates market are given. At the end of the executive summary, there is a diagrammatic representation of the growth potential of the global xanthates market. After the executive summary, there is a section on the market introduction and market taxonomy of the global xanthates market.

Market Taxonomy

By Product Type

Sodium Ethyl Xanthate
Sodium Isopropyl Xanthate
Sodium Isobutyl Xanthate
Potassium Amyl Xanthate

By Application

Mining
Rubber Processing
Agrochemicals and others

By Region

North America
Latin America
Europe
Asia Pacific
Middle East and Africa

After the market taxonomy section, there is an introduction to the global minerals production which is classified by region for the year 2014. After this, there is an introduction to the parent market in the form of an overview of the mining chemicals market. The subsequent sections of the report contain information about the regional market analysis (2012-2016) and forecast (2017-2025) of the xanthates market as per the regions given in the market taxonomy. These sections contain a detailed subsection on the market dynamics of the xanthates market. This exhaustive subsection talks about the macro-economic factors that play a part in shaping the xanthates market. Along with this, there is an exhaustive explanation about the drivers, restraints and trends in the xanthates market applicable to that particular region. This is an important subsection of the report as it contains a detailed explanation about the factors that encourage the growth of this market as well as the factors that hamper the growth of this market. Besides this, weightage of impact of the forecast factors is also given in this subsection. The regional subsections of this report contain important market information in the form of xanthates market size (US$ Mn) forecast by country, by product type and by application. At the end of these sub sections of the report, a list of regional xanthates market participants is also given.

An entire section of the report is devoted to the competition landscape of the global xanthates market. This competition landscape gives a dashboard view of the key companies operating in the global xanthates market along with their important information and broad strategies adopted to stay as leaders in the global xanthates market. Each of the leading companies is also profiled individually and important information about the company such as company details, company description, product portfolio along with key developments concerning the company and strategic analysis is presented. This competition landscape is the most important section of the report as it imparts a deep understanding of the leading companies operating in the global xanthates market.

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Overall market size has been analysed through historical data, primary responses, and public domain data. Revenue of companies operating in the global xanthates market has been benchmarked to ascertain the market size for the base year. Macroeconomic indicators such as GDP and industry growth have been considered to forecast the market size over the forecast period. The historical growth trend of end-use industries, market participants’ performance, as well as the present macro-economic outlook has been taken into consideration for estimating the overall market trend forecast.

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