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Mining Chemicals Market, Size, Share and Forecast (2019-2026)

 



(EnergyIndustry.Net, December 23, 2019 ) Market Overview

• The global mining chemicals market is expected to grow with a CAGR of over 6 % during the forecast period from 2019 to 2026.



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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 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 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 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 world’s largest producer for coal, gold, and most rare earth minerals. Besides the 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 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 matured 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 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.



Key market segments covered

By Product

• Flocculants

• Frothers

• Collectors

• Solvent Extractants

• Grinding Aids

• Others



By Application

• Mineral Processing

• Explosives & Drilling

• Water & Wastewater Treatment

• Others



By Region

• Asia Pacific

• Europe

• North America

• South America

• Rest of the World



View full report: https://www.datamintelligence.com/research-report/mining-chemicals-market



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About Us

DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year we have secured more than 100 unique customers from established organizations all over the world.



For more information:

Sai Kiran

Sales Manager at DataM Intelligence

Email: info@datamintelligence.com

Tel: +1 877 441 4866

Website: www.datamintelligence.com





DataM Intelligence

Sai Kiran

+1 877 441 4866

pr@datamintelligence.com

Source: EmailWire.Com

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