The mining industry plays a crucial role in global economic development, providing essential raw materials for various industries. Mining chemicals are integral to this industry, as they aid in the extraction, processing, and refining of minerals. These chemicals enhance the efficiency and productivity of mining operations, ensuring optimal mineral recovery while addressing environmental and safety concerns. The mining chemicals market size is estimated to grow from USD 6.02 Billion in 2017 to USD 7.54 Billion by upcoming years, at a CAGR of 4.60%.
Browse 180 market data tables and 36 figures spread through 176 pages and in-depth TOC on “Mining Chemicals Market by Product Type (Grinding Aids, Flocculants), Mineral Type (Base Metals, Non-Metallic Minerals), Application (Mineral Processing, Explosives & Drilling), and Region – Global Forecast”
Request for Sample PDF of Report @ http://www.marketsandmarkets.com/pdfdownload.asp?id=205253671
Mining Chemicals Market Key Players
The key players in the Mining Chemicals market are AkzoNobel N.V. (The Netherlands), BASF SE (Germany), Clariant International Ltd. (Switzerland), Cytec Industries Inc. (U.S.), Kemira OYJ (Finland), The Dow Chemical Company (U.S.), Huntsman International LLC (U.S.), Orica Limited. (Australia), ArrMaz Products, L.P. (U.S.), and SNF Floerger (France).These players have adopted various strategies to expand their global presence and increase their market share.
Clariant (Switzerland) acquired Chemical & Mining Services, Pty. Ltd (Australia), a provider of specialty chemicals and technical services to the mining industry clients located primarily in Australia. This acquisition was made with an objective to improve the company’s product portfolio, customer base, and technical expertise.
BASF SE (Germany), one of the top players in the mining chemicals industry aims to maintain its position in the market through expansions. In the last few years, BASF SE has entered into various significant supply agreements, acquired companies, expanded production facilities, and launched new products to expand its presence in the mining chemicals market. In September 2014, the company announced the increase in the production capacity of the solvent extractants range LIX at its plant in Ireland. It would help the company to meet the increase in demand.
The global mining chemicals market has been experiencing significant growth in recent years. The increasing demand for minerals, coupled with advancements in mining technologies, has driven the need for specialized chemicals to improve extraction processes. Mining chemicals are used in various stages of mining, including drilling, blasting, flotation, and dewatering, among others.
Make an Inquiry @ http://www.marketsandmarkets.com/Enquiry_Before_Buying.asp?id=205253671
One of the key factors driving the growth of the mining chemicals market is the rising demand for metals and minerals across industries such as construction, automotive, electronics, and energy. As the global population continues to grow and urbanization expands, the demand for infrastructure and consumer goods increases, further fueling the need for minerals.
The mining chemicals market is highly competitive, with several global and regional players vying for market share. These companies are investing in research and development activities to introduce innovative products and technologies that cater to the evolving needs of the industry. Collaborations and strategic partnerships between mining companies, chemical manufacturers, and research institutions are also on the rise to foster technological advancements and accelerate market growth.
Explosives & drilling segment is projected to grow at the highest rate during the forecast period, in terms of application
The mining chemicals market is segmented into mineral processing, explosives & drilling, water & wastewater treatment, and others. The explosives & drilling segment accounted for the largest share in 2016 and is also projected to grow at the highest CAGR over the next five years. The coal industry, one of the major users of explosives, is projected to fuel the growth of the explosives & drilling segment in the mining chemicals market.
Asia-Pacific mining chemicals market constituted the largest market share in the year 2016.
Countries such as China and India are expected to witness high growth in the mining chemicals market due to high foreign investments in the mining industry. The region has vast mineral resources of copper, zinc, aluminum, coal, limestone, and rare earth & precious metals. The rapid expansion of economies in the Asia-Pacific region is driving the growth of the mining chemicals market. The positive outlook of the economies is attracting huge investments from global mining companies.
