Le Lézard
Subject: Survey

Global Mining Chemicals Market is estimated to account for US$ 46,847.9 Million by end of 2027 ? Coherent Market Insights (CMI)


Mining chemicals are primarily used across the mining industry for extracting metal and non-metal minerals. They are also used across other applications such as wastewater treatment, drilling, and mineral processing. These chemicals help in enhancing the mining processes by increasing productivity. They can be classified into grinding aids, frothers, collectors, and flocculants.

The global mining chemicals market is estimated to account for US$ 28,130.8 Mn in terms of value and 10,106.4 Kilo Tons in terms of volume by the end of 2019

Market Drivers:

Growing demand for metal such as platinum, copper, and gold for different applications is primarily fueling the market growth of the mining chemicals. Expansion of the mining industries across Asia, Oman, and Nigeria coupled with the increasing investment by key players in the mining industries is again expected to foster the market growth of the mining chemicals. Moreover, the growing focus of manufacturers on the recovery of high-quality minerals is further projected to propel the market growth of mining chemicals.

Rapid industrialization and urbanization around the globe due to robust growth in the construction activities are projected to augment the market growth. Growing demand for flocculants from wastewater treatment application as it effectively absorbs and destabilizes particles present in wastewater is again contributing to the market growth. Emerging economies such as China and India coupled with the increase in the population are further projected to foster the market growth of the mining chemicals over the forecast period.

Market Restraints:

Factor such as acid mine drainage which is one of the threats to the water resources and can impact the aquatic life is expected to hinder the market growth of the mining chemicals. Moreover, mining activities also impact the quality of air which is further expected to hamper the market growth.

Market Opportunities:

The expansion of the chemical industry due to the increasing production of chemicals is expected to offer potential market opportunities over the forecast period. According to the Cefic Facts & Figures, global chemical turnover was valued at US$ 3916.0 billion in 2018. The sales grew by 2.5% from US$ 3821.07 billion in 2017 to US$ 3916.0 billion in 2018. Moreover, China is still the largest chemical producer in the world with ?1,198 billion in 2018, contributing 35.8% of global chemical sales in 2018.

The increasing production of gold, coal, and rare earth metals in China is expected to provide lucrative growth opportunities. China is also a major consumer of the mining chemicals that are used for the extraction of chemicals. Moreover, growing strict rules and regulations regarding the recycling of wastewater is boosting adoption of the wastewater treatment activities around the globe which is again driving the demand for mining chemicals such as flocculants, thereby fueling the market growth over the forecast period.

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Market Trends:

The growing adoption of grinding aids is one of the growing trends in the market. Grinding aids are used to extract high-quality ores and limestone grinding for the cement industry. The growing demand for cement due to the construction industry around the globe is another major factor fostering the market growth of the mining chemicals. Thus, the growing demand for grinding aids is projected to augment the market growth of mining chemicals over the forecast period. Moreover, increasing new mining projects across Canada, Australia, Russia, and South Africa is again accelerating market growth.

Increasing investment in the infrastructure such as roads & highways and railways by the key government is one of the growing trends in the market. Also, growing demand for steel from various end-user industries such as automotive, electrical, and other manufacturing industries is again expected to foster the market growth of the mining chemicals.

Competitive Landscape:

Major players operating in the global mining chemicals market are Ashland Inc., BASF SE, The Dow Chemical Company, Chevron Phillips Chemical Company LP, Clariant AG, Cytec Industries, Nalco Company, Air Products and Chemicals, Inc., Akzo Nobel Performance Additives.

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About Us:

Coherent Market Insights is a global market intelligence and consulting organization focused on assisting our plethora of clients achieve transformational growth by helping them make critical business decisions. Our client base includes players from across various business verticals in over 57 countries worldwide.



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