Mining Chemicals Market to Witness a Sizable Growth

Pune, India, February,2019/MRFR Press Release/- Market Research Future has published a half-cooked research report on the Global Mining Chemicals Market

Market Analysis

The global mining chemicals market is projected to continue with its upward trajectory at an astounding CAGR over the predicted years (2023 - 2032). Mining chemicals definition simply put, are the various specialized chemicals which aid to augment the productivity and efficacy of the mining process. It is utilized in the mining domain for separation, grinding, floatation, extraction and others. The list of mine chemicals includes solvent extractants, dispersants, pH modifiers, scale inhibitors, dewatering aids, chelants, surfactants, corrosion inhibitors, flocculants, collectors, frothers, grinding aids and others.

There are a couple of factors that is driving the growth of the mining chemicals market. Some of the market trends and factors in this market as per an analysis conducted by Market Research Future (MRFR) include increasing demand for minerals, rising mining activities, increasing emphasis on wastewater and water management, augmented economies of scale, implementation of strict government regulations especially against mining hazards and growing urbanization and industrialization. These are some of the key trends that will spur the growth of the mining chemicals market over the forecast period. On the flip side, the availability of mining processes that are eco-friendly as opposed to mining chemicals that contaminate the air, water and land and has a detrimental effect on human health and the environment is likely to be a challenge in the mining chemical market growth.

Market Segmentation

Market Research Future report provides a comprehensive segmental analysis of the mining chemicals market on the basis of product, application and mineral type.

Based on product, it is segmented into scale inhibitors, solvent extractant, collectors, frothers, flocculants, grinding aids and others. Of these, the grinding aids will grab the maximum market share.

Based on application, it is segmented into wastewater and water treatment, explosives and drilling, mineral processing and others. Of these, the explosives and drilling is likely to have the maximum share in the mining chemicals market.

Based on mineral type, the mining chemicals market is segmented into rare earth metals, precious metals, non-metallic metals and base metals. Of these, the base metals is predicted to experience the maximum growth over the forecast period due to growing infrastructural and industrial activities in Africa, Latin America and Asia Pacific.

Regional Analysis

Based on region, the mining chemicals market covers growth opportunities and latest trends across Asia Pacific, North America, Europe, Latin America and Middle East and Africa. Of these, Asia Pacific dominates the market in terms of both volume and value due to the growing number of mining activities in India, Japan and China. The utilization of mining chemicals especially in limestone grinding is anticipated to boost the growth of mining chemicals market in the region during the forecast period. The second biggest region is North America and the factors that has propelled the market growth in this region include the escalating need for mining chemicals in the US for limestone grinding. Moreover, the growing need for battery metals especially for electric cars is excepted to spur the mining chemicals market growth in this region in the near future. The developing mining sector under the Eastern European regions namely Bulgaria, Ukraine and Russia are projected to drive the growth of the market in Europe. The mining chemicals market in the African region is anticipated to see a stellar growth being the key exporters and producers of uranium, iron ore, copper, platinum and others.

Key Players

Leading players profiled in the mining chemicals market include Huntsman International LLC (U.S.), Clariant (Switzerland), Nasco (U.S.), SNF Group (U.S.), Akzo Nobel N.V. (Netherlands), Cheminova A/S (Denmark), 3M (U.S.), Air Products and Chemicals, Inc. (U.S.), NALCO (India), Cytec Solvay Group (U.S.), Exxon Mobil Corporation (U.S.), BASF SE (Germany), Chevron Philips Chemical Company (U.S.), The Dow Chemical Company (U.S.), and Ashland (U.S.)

Dec 2018- Bechtel, the renowned project management, construction and engineering company has launched its much-awaited Bechtel Mining & Metals Innovation Center with an aim to develop novel technologies which will improve worker safety, promote environmental sustainability and boost productivity for their copper industry.

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