The growth of the market is driven by the increased demand for minerals, increased focus on water and wastewater treatment, and increased mining activities.
The Mining Chemicals Market is forecasted to grow from USD 27.97 Billion in 2018 to USD 45.87 Billion by 2026, at a CAGR of 6.1%, during the forecast period. The market is primarily driven by the growing demand for minerals, increased emphasis on treatment of water and wastewater and increased mining activities.
Because of the low quality of the ore bodies, the mining industry has faced many challenges. Increasing demand for gold has resulted in increased mining activity, which is expected to drive demand for mining chemicals over the forecast period. For example, for the extraction of gold from its ore, most players use cyanide.
Market Size – USD 27.97 Billion in 2018, Market Growth - CAGR of 6.1%, Market Trends – Increased demand for minerals, increased attention to treatment of water and wastewater and increased mining activities.
The market is highly competitive in nature and one of the key parameters contributing to the final product is logistics. Logistics represent 20% or more of the overall cost, especially for overseas shipments. Distributors have to evaluate all possible means of transportation compulsorily in order to deliver the product in the same form as the consumer needs and to provide economies of scale.
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Further key findings from the report suggest
- The market for collectors is estimated to reach USD 8.72 Billion in 2026, at a CAGR of 6.8% during the forecast period. The xanthates, dithiophosphates, and thiocarbamates are the collectors used as mining chemicals. Collectors help with low pH value copper recovery. Copper, lead, soluble and oily are many collectors. Based on their chemical structure and group, these collectors are named. Xanthates are used in the treatment of ores such as sulfides of iron and penalties.
- Based on application, the market for drilling & explosives segment held the largest market share of 36.3% in 2018 and is expected to reach USD 17.43 Billion in 2026, at a CAGR of 6.8% during the forecast period. Rising demand for deep-surface mining is expected to contribute significantly to the growth of this application segment in order to extract high-quality minerals.
- The major players in the market are Kemira OYJ (Finland), Dow Chemical Company (US), ArrMaz Products, L.P. (US), AkzoNobel N.V. (Netherlands), BASF SE (Germany), Clariant International Limited (Switzerland), Cytec Industries Inc. (US), HuntsOrica Ltd. (Australia), man International LLC (US), SNF Floreger (France) and others
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/mining-chemicals-market
Segments covered in the report:
This report forecasts volume and revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the market on the basis of type, mineral type, application and regional analysis.
Type (Kilo Tons) (Revenue, USD Million; 2016-2026)
- Frothers
- Flocculants
- Collectors
- Solvent extractants
- Grinding aids
Mineral Type (Kilo Tons) (Revenue, USD Million; 2016-2026)
- Base metals
- Non-metallic minerals
- Precious metals
- Rare earth metals
Application (Kilo Tons) (Revenue, USD Million; 2016-2026)
- Mineral processing
- Explosives & drilling
- Water & wastewater treatment
- Others
Objectives of the report:
- To study the current impact of COVID-19 on leading segments of the industry and to project changes in the sector due to the pandemic.
- To calculate the market size, in both value and volume, and CAGR for the base year and the forecast period.
- To study the technological advancements in the sector in recent years and the technological pipeline and project the impact of the pandemic on technological advancements and spending by companies.
- To conduct a regional analysis by considering market presence in the leading regions.
- To study key trends observed in the historical analysis and speculate future trends.
- To assess the region expected to grow at a significant pace in the coming years and key factors contributing to the overall revenue.
- To highlight the existing growth opportunities, challenges, risks, drivers, and constraints expected to affect the market in the coming years.
- To profile leading companies in the industry, along with their product portfolios and strategic alliances.
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