(MENAFN- EIN Presswire)
Some of the major players such as AECI Mining Chemicals, BASF SE, Ashland, Dow, Kimleigh Chemicals SA (Pty) Ltd (PTY) LTD, Cytec Solvay Group, Arkema, Clariant.
ISLE OF MAN, October 19, 2022 / / -- What is Mining Chemicals?
Mining chemicals play an important role in the efficient extraction of ores from natural deposits. These chemicals help to increase the purity of minerals and metals. There are both specialised and commodity chemicals in the industry. Chemicals such as dewatering agents, emulsifiers, floatation reagents, dust control suppressants, floatation, flocculants, dispersants, coagulants, and collectors are used in a variety of operations.
The global mining chemicals market is expected to grow at a CAGR of 4% from 2022 to 2027. The market was valued at USD XX Million in 2018 and is projected to reach USD XX Million by 2027.
Mining chemicals are used in a variety of applications such as mineral processing, explosives, drilling, and water treatment. The demand for mining chemicals is directly linked to the growth of the mining industry.
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Mining Chemicals Market Drivers:
In all phases of production, the mining industry utilises chemicals. These chemicals are used to improve the efficiency and output of mining processes such as mineral extraction and ore recovery. Mining utilises a vast array of general and specialty chemicals. The market for mining chemicals has typically been characterised by fluctuations in commodity prices, low profit margins, and increased competition from producers in less developed nations, particularly China, which has been aggressively manufacturing and exporting mining chemicals.
Lower mineral concentration and increased ore complexity is one of the most significant market growth drivers. The market value will be driven even further by investments in mining projects in Asia-Pacific and South America, as well as the consolidation of the mining industry. However, strict government regulations and the slow growth of the mining industry in developed economies will act as market growth restraints. During the forecast period, the expanding mining sector in Africa and Eastern Europe will generate additional growth opportunities for the market.
The Asia-Pacific region is projected to grow at the highest CAGR during the forecast period due to the increasing demand for metals and minerals in China and India. The growing construction activities in China and India are also boosting the demand for metals and minerals, which is expected to drive the growth of the mining chemicals market in Asia-Pacific.
North America is estimated to be the second-largest market for mining chemicals due to the increasing demand for precious metals such as gold and silver in the US. The US is also a leading producer of copper, which is used in various industries such as electrical & electronics, construction, and transportation. This is expected to fuel the growth of the mining chemicals market in North America during the forecast period.
Europe is projected to be the third-largest market for mining chemicals due to the presence of major players in countries such as Germany, France, UK, and Russia. The European Union (EU) is one of the leading consumers of metals and minerals. The EU has been investing heavily in exploration activities to meet its future demands. This is expected to create opportunities for players operating in the mining chemicals market in Europe during the forecast period.
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Mining Chemicals Market Keyplayers Analysis:
The global mining chemicals market is highly fragmented with the presence of a large number of small and medium-sized manufacturers. The Mining Chemicals Market study report will provide a valuable insight with an emphasis on the global market including some of the major players such as BASF SE, Clariant AG, Solvay, Chevron Phillips Chemicals, and AECI.
BASF SE is one of the leading manufacturers of mining chemicals with a significant share in the global market. The company has a diversified product portfolio which includes blasting agents, collectors, flocculants, frothers, grinding aids, and others. It has a strong brand equity and is present in more than 80 countries across the globe.
Clariant AG is another leading player in the global mining chemicals market. The company offers a wide range of products such as flotation reagents, solubilizers & dispersants, solid liquid separation reagents & thickeners, grinding aids & mineral processing additives among others. It has a strong geographical presence with more than 100 manufacturing sites across 50 countries.
Key Questions Answered In This Report
•Covid 19 impact analysis on global Mining Chemicals industry.
•What are the current market trends and dynamics in the Mining Chemicals market and valuable opportunities for emerging players?
•What is driving Mining Chemicals market?
•What are the key challenges to market growth?
•Which segment accounts for the fastest CAGR during the forecast period?
•Which product type segment holds a larger market share and why?
•Are low and middle-income economies investing in the Mining Chemicals market?
•Key growth pockets on the basis of regions, types, applications, and end-users
•What is the market trend and dynamics in emerging markets such as Asia pacific, Latin America, and Middle East & Africa?
Unique data points of this report
•Statistics on Mining Chemicals and spending worldwide
•Recent trends across different regions in terms of adoption of Mining Chemicals across industries
•Notable developments going on in the industry
•Attractive investment proposition for segments as well as geography
•Comparative scenario for all the segments for years 2018 (actual) and 2031 (forecast)
Table of content:
1.1 Market definition
1.2 Scope of the study
1.3 Report assumptions
2. RESEARCH METHEDOLOGY
2.1 Primary research
2.2 Secondary research
2.3 Analyst tools and models
3. EXECUTIVE SUMMARY
4. MARKET OVERVIEW
4.2 Market trends
4.2.1 Market drivers
18.104.22.168.1 Industrialization and decreasing concentration of minerals in upper layers
22.214.171.124.2 Investments in mining projects in Asia-Pacific and South America
126.96.36.199.3 Consolidation of mining industry
4.2.2 Market restraints
188.8.131.52.1 Slow growth of mining industry in developed economies
184.108.40.206.2 Stringent environmental regulations
4.2.3 Market opportunities
220.127.116.11.1 Growing mining sector in Africa and Eastern Europe
18.104.22.168.2 Increasing importance of water management activities in the Asia-Pacific region
4.3 Porters five force analysis
4.3.1 Threat of new entrants
4.3.2 Bargaining power of buyers
4.3.3 Bargaining power of suppliers
4.3.4 Threat of substitutes
4.3.5 Intensity of rivalry
4.4 Value chain analysis
4.5 Regulatory snapshot
5. MINING CHEMICALS MARKET, BY PRODUCT TYPE
5.4 Solvent extractants
5.5 Grinding aids
6. MINING CHEMICALS MARKET, BY MINERAL TYPE
6.1 Base metals
6.2 Non-metallic minerals
6.3 Precious metals
6.4 Rare earth metals
7. MINING CHEMICALS MARKET, BY APPLICATION
7.1 Mineral processing
7.2 Explosives & drilling
7.3 Water & wastewater treatment
8. MINING CHEMICALS MARKET, BY GEOGRAPHY
8.1 North America
8.5 Middle-East and Africa
9. COMPETITIVE LANDSCAPE
9.1 Market share/Ranking of leading players
9.2 Market strategies adopted by leading players
9.3 Company Profiles (Overview, Current Financials, Product Outlook, Contact info, and recent Developments)
9.3.1 AECI Mining Chemicals
9.3.2 BASF SE
9.3.5 Kimleigh Chemicals SA (Pty) Ltd.
9.3.6 Cytech Solvay Group
9.3.10 Quaker Chemical Corporation
*More companies can be added in Detailed Report.
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