Global Mining Chemicals Market - Segmented by Function, Application, and Geography - Growth, Trends and Forecasts (2022 - 2030)
The global mining chemicals market is expected to register a CAGR of 3.64 % during the forecast period, 2018 to 2023. By function, floatation chemicals accounted the highest share of the market in 2017.
Increasing Demand of Specialty Chemicals in Mining Process
Specialty chemicals are used in almost all the steps in mining process. The mining industry has witnessed shifts in its production techniques, from tunneling to open pit mining, which has made it possible to mine ores of declining grades and decrease the overall costs. In addition to this, specialty chemicals are also used in the later stages of production chain like smelting, refining, manufacturing and commodity trading.
Flotation Chemicals – the fastest growing segment by function
Collectors dominated the flotation chemicals segment in 2017, while dispersants registered the fastest growth through 2023. However, certain factors such as logistics and transportation costs of flotation chemicals, and stringent regulatory policies is expected to adversely affect the profitability margin of the players involved in the market.
China to Dominate the Market in the Region Through 2023
China holds majority of the Asia-Pacific mining chemical industry. Chinese mining industry has more than 10,000 mines, majority part is owned by state. It is world’s largest producer of gold, coal, and other earth minerals. Moreover, it is also a leading consumer of mining products. In addition to the existing wastewater treatment plants, there are ongoing advances such as expansion of existing wastewater sewage treatment plants and establishment of new sewage treatment plants. Mining chemicals are largely used in the mining industry for recovering minerals from the slurry, separation of impurities, purification of certain minerals, and many other applications.
Key Developments in the Market
• April 2017: BASF to increase prices for flocculants for the mining industry worldwide
• March 2017: Dow came up with Sustainable Natural Solution to Address Mine-Impacted Water
Major Key Players : BASF SE, CYTEC SOLVAY GROUP, CLARIANT AND OTHER PLAYERS INCLUDE 3M, AKZONOBEL, AXIS HOME, ECOLAB (NALCO), DUPONT, THE CHEMOURS COMPANY, HUNTSMAN INTERANTIONAL LLC, CTC MINING (TENNANT CHEMICAL COMPANY LTD.), NASACO INTERNATIONAL LLC, ORICA LIMITED, FMC CORPORATION (CHEMINOVA), GE CORPORATION, SASOL, AECI, SNF FLOMIN INC., CHEVRON PHILIPS CHEMICALS CO. LTD., CP KELCO
Reasons to Purchase this Report
• To understand the impact of end-user industries on the market.
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• To understand the dominating product function and application in the market
• Countries expected to witness the fastest growth during the forecast period
• Identify the latest developments, market shares and strategies employed by the major market players.
• 3 months analyst support along with the Market Estimate sheet in excel.
Customization of the Report
• This report can be customized to meet your requirements.
Increasing Demand of Specialty Chemicals in Mining Process
Specialty chemicals are used in almost all the steps in mining process. The mining industry has witnessed shifts in its production techniques, from tunneling to open pit mining, which has made it possible to mine ores of declining grades and decrease the overall costs. In addition to this, specialty chemicals are also used in the later stages of production chain like smelting, refining, manufacturing and commodity trading.
Flotation Chemicals – the fastest growing segment by function
Collectors dominated the flotation chemicals segment in 2017, while dispersants registered the fastest growth through 2023. However, certain factors such as logistics and transportation costs of flotation chemicals, and stringent regulatory policies is expected to adversely affect the profitability margin of the players involved in the market.
China to Dominate the Market in the Region Through 2023
China holds majority of the Asia-Pacific mining chemical industry. Chinese mining industry has more than 10,000 mines, majority part is owned by state. It is world’s largest producer of gold, coal, and other earth minerals. Moreover, it is also a leading consumer of mining products. In addition to the existing wastewater treatment plants, there are ongoing advances such as expansion of existing wastewater sewage treatment plants and establishment of new sewage treatment plants. Mining chemicals are largely used in the mining industry for recovering minerals from the slurry, separation of impurities, purification of certain minerals, and many other applications.
Key Developments in the Market
• April 2017: BASF to increase prices for flocculants for the mining industry worldwide
• March 2017: Dow came up with Sustainable Natural Solution to Address Mine-Impacted Water
Major Key Players : BASF SE, CYTEC SOLVAY GROUP, CLARIANT AND OTHER PLAYERS INCLUDE 3M, AKZONOBEL, AXIS HOME, ECOLAB (NALCO), DUPONT, THE CHEMOURS COMPANY, HUNTSMAN INTERANTIONAL LLC, CTC MINING (TENNANT CHEMICAL COMPANY LTD.), NASACO INTERNATIONAL LLC, ORICA LIMITED, FMC CORPORATION (CHEMINOVA), GE CORPORATION, SASOL, AECI, SNF FLOMIN INC., CHEVRON PHILIPS CHEMICALS CO. LTD., CP KELCO
Reasons to Purchase this Report
• To understand the impact of end-user industries on the market.
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• To understand the dominating product function and application in the market
• Countries expected to witness the fastest growth during the forecast period
• Identify the latest developments, market shares and strategies employed by the major market players.
• 3 months analyst support along with the Market Estimate sheet in excel.
Customization of the Report
• This report can be customized to meet your requirements.
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