Xanthates Market to Surpass US$ 625 Mn By 2025

Posted by Vinay on October 17th, 2017

Persistence Market Research in its latest report projects that the global xanthates market will grow at a CAGR of 6.1% over the forecast period (2017-2025). Owing to Xanthates’ excellent mineral ore processing capabilities, its global sales have witnessed a significant rise in recent years. Mining complexity and declining ore quality have led to a major increase in demand for specialty chemicals to process ores. Towards the end of 2025, around 371,826 tons of xanthates is expected to be sold globally.

The mining industry is rattled by low productivity, attributing to depleting reserves across the globe. Hence, the industry is bound to exploit reserves that lie deeper in the earth and require intensive refining. The aforementioned intricacies in mining are increasingly necessitating the use of mining flotation chemicals for extraction of the desired mineral.

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Factors as such is primarily boosting the growth of the global xanthates market. The report titled “Xanthates Market: Global Industry Trend Analysis 2012-2016 and Forecast 2017-2025” anticipates that global xanthates market will reach a valuation of US$ 624.6 Mn by the end of the forecast period. The mining industry has always been among the major growth engines of an economy, which is why governments in various countries are consistently trying to tap all their national mineral resource. This, in turn, is orchestrating the growing sales of the specialty chemicals such as the xanthates.

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