Mining Chemicals Market

SKU: DMMM638 | Last Updated On: Nov 11 2022 | Available Formats

> Global Mining Chemicals Market Expected to reach a high CAGR 5.76% By 2029: DataM Intelligence

Global Mining Chemicals Market is segmented by Product (Flocculants, Frothers, Collectors, Solvent Extractants, Grinding Aids and Others), by Application (Mineral Processing, Explosives & Drilling, Water & Wastewater Treatment and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2022-2029

 

Market Overview

[195 Pages Report] The Global "Mining Chemicals Market" is expected to grow at a high CAGR of 5.76% during the forecasting period (2022-2029).

Metrics

Details

Market CAGR

5.76%

Segments Covered

By Product, By Application, and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other vital insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

To realize the suppositions considered for the review, Request for Free Sample Report Click Here

Market Drivers and Restraints

  • Growing demand for metals & minerals, increasing emphasis on water & wastewater treatment, and increasing mining activities are the primary drivers propelling the growth of the Global Mining Chemicals market. The revival of the global economy has resulted in the increasing demand for minerals and rare earth metals worldwide.

  • The demand for base metals like iron, aluminum, steel, etc., and precious metals like gold, copper, and platinum is surging across the globe because of the various applications of these metals in different sectors.

  • Thus, the increasing demand for metals and minerals is leading to growth in the mining industry; which is spurring the need for mining chemicals.

  • The raw materials used in the manufacturing of mining chemicals like cyanide, sulfuric acid, nitric acid, mercury, uranium, and lead are toxic and pose a threat to humans as well as the environment.

  • Therefore, it is regulated under various acts in different parts of the world; this can be a potential threat to the growth of the market in the nearby future.

Industry Segmentation Analysis

  • The global mining chemicals market report segments the market by product, and application. The product segment includes flocculants, frothers, collectors, solvent extractants, grinding aids, and others.

  • Further, the report segments the market by application, which includes mineral processing, explosives & drilling, water & wastewater treatment, and others.

  • The explosives & drilling application is the largest as well as the fastest-growing market for mining chemicals worldwide with the impetus for the segment expected to be provided primarily by the coal industry, which is presently the largest end-user of explosives.

  • Also, the growing demand for deep-surface mining, which is done to extract high-quality minerals will contribute to the growth of this application segment.

  • On the other hand, the market for mineral processing is expected to be dominated by the precious metals industry such as copper, because of the importance of leaching and flotation in these markets.

  • The Water & Wastewater treatment application uses mining chemicals for intercepting, diverting, and recycling the water. The high demand for mining chemicals can primarily be attributed to the stringent environmental and legislative regulations regarding the quality of water discharged in water bodies in many countries like the U.S.

Geographical Share

  • The report segments the market by geographic region which includes North America, South America, Europe, Asia-Pacific, and the Rest of the World. Asia-Pacific accounted for the largest share in 2017, followed by Europe and North America. Countries like China, Japan, and India are expected to witness high growth in the mining chemicals market owing to the rapid economic expansion in these countries.

  • China is expected to dominate the market because of the large mining industry. The Chinese mining industry has more than 10,000 mines, and the majority party is owned by the state. China is the world’s largest producer of coal, gold, and most rare earth minerals. Besides production, China is also the world’s leading consumer of most mining products.

  • The flourishing mining industry in China is boosting the market for mining chemicals in the region.

  • The North American mining chemicals market is expected to grow substantially in the coming years.

  • The U.S. is at the forefront of North America regarding revenue and is predicted to continue its domination. The regulations concerning the recycling of wastewater are likely to increase wastewater treatment activities in the country, which will further drive the market for mining chemicals.

  • Also, the domicile of some of the major players like Ashland, The Dow Chemical Company, Exxon Mobil, and Chevron Phillips, is supporting the growth of the market in the U.S. The increasing mining activities in Canada and Mexico will also contribute to the growth of the Mining Chemicals Market in North America.

  • The European region is a mature market and technologically advanced. It has high reserves of minerals, and the extraction of these minerals is playing a vital role in the economy. The demand for mineral chemicals in the region will primarily be fuelled by the increasing consumption of metals and minerals in the area.

Key Companies

  • The report profiles the following companies: Ashland Inc., BASF SE, ExxonMobil, Chevron, Cytec Industries, The Dow Chemical Company, AkzoNobel, Orica Ltd., Clariant, SNF Flieger, Air Products and Chemicals, Inc., 3M, F.Nalco, Cheminova, Nasaco International.

  • The Global Mining chemical market is highly competitive with the presence of a large number of manufacturers operating globally through the general distribution channel. Mergers & Acquisitions, new product launches, expansions, and partnerships are the key strategies adopted by the market players for strengthening their position.

Trending Topics

Textile Chemicals Market

Mining Chemicals Market 

FAQ

What is the Growth Rate of the Mining Chemicals Market?

Grow at a high CAGR of 5.76% during the forecasting period (2022-2029).

Which Companies Are Included in the Mining Chemicals Market?

BASF SE, ExxonMobil, Chevron, Cytec Industries, The Dow Chemical Company, AkzoNobel, Orica Ltd., Clariant, SNF Flieger, Air Products and Chemicals, Inc., 3M, F.Nalco, Cheminova, Nasaco International.

Did not find what you were looking for?Every 7 out of 10 customers request tailored reports. Get yours today!
We collate your requirements.
Our global research team is put into action.
We deliver, and make sure your endeavour is a success!

Buy This Report

20% Discount Applied*



Note*: For "Bundle/Bulk" Subscription of Reports,
please contact: [email protected]

Get your free sample proposal with a single click!

linkedinpinterest