Precious Metal Recovery and Refining Equipment Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2018 – 2026
Metals that are
rare, high in demand, and have high economic value are called
precious metals. Economic value of precious metals is driven by
factors such as their rarity, uses in industrial processes, and
investment vehicles. Gold, platinum, and silver are highly popular
precious metals for investment purposes. Precious metals are employed
in industrial processes, for example iridium, which is used in
specialty alloys, and palladium, which is used in electronics and
chemical applications. Improvement in the recovery and refining
processes of precious metals can result in lower prices. Precious
metal recovery and refining equipment is a niche market which
requires high investment.
Rise in demand for
gold in the fastest growing nations such as India and China, increase
in application of precious metals in various electrical and
electronic devices, and growth in demand for these metals as
investment vehicles are driving the global precious metals market.
This, in turn, is expected to fuel the precious metal recovery and
refining equipment market during the forecast period.
Based on source of
metal, the precious metal recovery and refining equipment market can
be classified into metal mining, recovery from waste, and electronic
scrap. The recovery from electronic scrap segment is anticipated to
expand at a fast pace during the forecast period due to the rise in
environment concerns posed by electronic waste.
In terms of type of
precious metals, the precious metal recovery & refining equipment
market can be divided into rhodium, platinum, gold, ruthenium,
iridium, osmium, palladium, rhenium, silver, and indium. Gold,
silver, platinum, and palladium are the major segments of the
precious metal recovery and refining equipment market.
Based on the type of
equipment and system, the precious metal recovery and refining market
can be segregated into gold centrifuge gravity concentrator, shaking
table, carbon regeneration kilns, mercury abatement systems, solution
heater skids, electrowinning cells, intensive leach reactor, and
others. Electrowinning is the recovery of metals, such as gold and
silver, from a solution by passing a current through the solution.
Electrons from the current chemically reduce the gold and/or silver
ions to form a solid metal compound on the cathode. Cyanide leaching
is commonly used for recovering gold from ore slurries or ore heaps.
Gravity concentration is the separation of minerals based on
differences in a specific gravity. The gravity concentration process
is designed to recover high grade valuable ore materials into small
masses.
In terms of
geography, the precious metal recovery and refining equipment market
can be split into North America, Latin America, Europe, Asia Pacific,
and Middle East & Africa. North America is the significant region
of the precious metal recovery and refining equipment market in terms
of value. Asia Pacific is a rapidly growing region of the precious
metal recovery and refining equipment market. The precious metal
recovery and refining equipment market in Europe, Latin America, and
Middle East & Africa is anticipated to expand at a healthy pace
during the forecast period.
Key players
operating in the precious metal recovery and refining equipment
market are IFLSmidth, Gekko Systems, CGS Mining, DOVE EQUIPMENT &
MACHINERY CO. LTD., MT. BAKER MINING AND METALS, Metso Corporation,
Kemix Pty Ltd., Sepro Mineral Systems Corporation, Consep Pty Ltd,
Appropriate Process Technologies, ANSAC PTY LTD, and Nutec Bickley.
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The report offers a
comprehensive evaluation of the market. It does so via in-depth
qualitative insights, historical data, and verifiable projections
about market size. The projections featured in the report have been
derived using proven research methodologies and assumptions. By doing
so, the research report serves as a repository of analysis and
information for every facet of the market, including but not limited
to: Regional markets, technology, types, and applications.
The study is a
source of reliable data on:
Market segments and
sub-segments
Market trends and
dynamics
Supply and demand
Market size
Current
trends/opportunities/challenges
Competitive
landscape
Technological
breakthroughs
Value chain and
stakeholder analysis
The regional
analysis covers:
North America (U.S.
and Canada)
Latin America
(Mexico, Brazil, Peru, Chile, and others)
Western Europe
(Germany, U.K., France, Spain, Italy, Nordic countries, Belgium,
Netherlands, and Luxembourg)
Eastern Europe
(Poland and Russia)
Asia Pacific (China,
India, Japan, ASEAN, Australia, and New Zealand)
Middle East and
Africa (GCC, Southern Africa, and North Africa)
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