Xanthates Market to Record an Impressive Growth Rate During the Forecast 2021

Xanthates are versatile intermediates in organic synthesis and are generally referred to as esters of xanthic acid. These are organosulfur compounds which are important in two areas, mining for the extraction of certain ores and manufacturing of cellophane and other cellulose related polymers, primarily in the packaging industry. They are also used in the processing of minerals as floatation agents and serve as intermediates in the Chugaev elimination process. They are also used for controlling radical polymerization under the RAFT (Reversible Addition-Fragmentation chain Transfer) process. Some of the commercially available xanthates include sodium isobutyl xanthate, sodium isopropyl xanthate, potassium ethyl xanthate, and sodium ethyl xanthate.

Growing demand for cellophane in food packaging is anticipated to be one of the major factors driving the demand for xanthates over the forecast period. Increasing consumption of certain consumer products such as scotch tape and sellotape on account of rising disposable incomes of the individuals is also expected to contribute towards the growth of the market.However, growing environmental concerns regarding the toxic use of xanthates leading to contamination in mining operations are expected to slow down the growth of the market. Asia Pacific was the largest consumer for xanthates and is also expected to be the fastest growing market owing to increasing demand for packaging and growing consumption of consumer products in emerging products such as India and China. Focus on R&D activities towards developing innovative products as well as focusing on expansion in certain unexplored markets such as Africa is anticipated to provide new opportunities for the growth of the market.

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Sinoz, SNF Flomin, Huakan International Mining, Zhuzhou Xiangqi Minerals Processing Technology Development Co, Ltd, China Kinsun Imp & Exp Corp Ltd, and Shandong WNN Industrial Co.,Ltd are some of the manufacturers of xanthates present in the industry.

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