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Mining Chemicals Industry to Grow at a CAGR of 6.72% by 2020



2024-03-25 06:42:47 Industry

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According to the latest market research update by IndustryARC, for the period between 2015 and 2020, Mining Chemicals Market is estimated to grow at CAGR of 6.72% to reach $30.41 Billion by 2020.

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Market Growth Brief:
Mining is considered to be one of the basic activities for human advancement. The supply of metal and mineral products has supported human endeavor over epochs and will remain to play its role in meeting society?s needs. Earlier, the mineral industry operated partially at the global level only, as they served the global commodity markets. However, globalization opened up new avenues to private investment in mining sector by many countries which were earlier quite deterring. Mining industry could have a substantial impact on the local economic development of the mining area as well as the neighboring countries in the next twenty five years.

Market Applications:
Mining chemicals play a vital role in many of the applications like mineral processing, explosives & drilling, water & waste water treatment and more to ensure that the productivity and efficiency of mining process such as recovery and extraction of minerals and target materials from ore is enhanced. Owing to their significant applications in diverse end used industries, mining chemicals market is set to grow at a considerable pace in the coming years, with explosives & drilling being the prevalent market for mining chemicals globally. The impetus for the segment is provided primarily by the coal industry which is at present the biggest user of explosives.

Market Segmentation:
This market has been segmented by types of products, chemical used, application sectors and geography. The mining chemicals encompass a variety of products which include flotation collectors, flocculants, solvent extractants, frothers, scale inhibitors, crystal growth modifiers, defoamers and more. The various chemicals used in the process are cyanide, sulfuric acid, ammonium nitrate, fuel oil, acetylene and more.


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Market Driving Factors:
Considerable demand and R&D investments for mineral resources from developing countries especially Asia Pacific and America are the main driving factors for this market. Owing to the demand for mineral resources from developing countries to fuel their rapidly growing economies, mining chemicals market is estimated to experience considerable growth down the years. It is very likely that the significance of mining chemicals in the value chain will grow in the coming years, because industry is aspiring to have efficient production even from the lower grade ores.

Regional Analysis:
Asia Pacific (APAC) is the leading producer of mining chemicals and has the highest market share in the global mining chemicals production owing to the presence of large number of coal mines. In the APAC, China is the major country in terms of top mining chemical manufacturers and suppliers. It is followed by Americas, holding a considerable share of 22% in the global mining chemicals market.

Top Market Players:
Some of the Key players of this market mentioned in this report are:
? BASF SE (Germany)
? The Dow Chemical Company (U.S.)
? Ashland Inc (U.S.)
? Clariant AG (Europe)
? Nalco Company


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About IndustryARC:
IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.

IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.

We look forward to support the client to be able to better address customer needs; stay ahead in the market; become the top competitor and get real-time recommendations on business strategies and deals. Contact us to find out how we can help you today.


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