The Global Mining Chemicals Market is to Grow at Around 4.00% of CAGR by 2027
“According to the new market research report published by Inkwood Research, the global mining chemicals market is growing at a CAGR of 4.00% throughout the forecasting years of 2019-2027.”
“Browse 29 market Data Tables and 29 Figures spread over 110 Pages, along with an in-depth TOC on global mining chemicals market forecast 2019-2027.”
Mining chemicals are commodity chemicals that are used in large volumes in the mining industry. Sodium cyanide, sulfide collectors, grinding aids and explosives are the most important product types used in the industry. The mining industry is facing lower-grade ores which require a large number of chemicals for processing. Increasing requirements for environmental protection involve use of chemicals i.e. in dust control and efficient use of scarce water resources. These factors have fueled growth in the demand for mining chemicals.
Stringent environmental regulations are progressing the demand for mining chemicals market
Environmental regulations and laws strictly regulate the mining industry. The need to meet these stringent regulations is expected to raise investment in beneficiation technology and mining chemicals. The companies to adhere to the laws and safeguard environment have to use nonhazardous chemicals. The competitors are developing new mining chemicals to eliminate negative environmental impacts. This has increased investments in the market for research and development augmenting growth in the global mining chemicals market.
To learn more about this report, request a free sample copy
Blasting and drilling is the highest adopted application in the mining chemicals market
By application, the market is divided into blasting and drilling, mineral processing, waste and water treatment, and others. Blasting and chilling capture the highest market share since the chemicals are used to break the raw mineral ore rocks in a controlled manner. The most common chemical used in blasting is ammonium nitrate-fuel oil. Blasting and drilling chemicals are widely used in iron, copper, coal and oil industries.
APAC accounted for the largest share in the global mining chemicals market
The Asia Pacific region is the highest contributor to the global market in 2018. China, Australia, and Japan have the largest market share in the region. APAC region contributes more than 50% of iron ore, 70% of each copper, silver, nickel, and zinc and 90% of coal globally. Favorable regulatory environment in developing countries, easy availability of materials, lower energy and labor costs are factors leading to growth and investments for mining chemical market in the APAC region.
The mining chemicals market is growing at a rapid pace. The top players operating in the global market are AECI, Akzonoble N.V., Clariant, Air Products and Chemicals Inc., Exxon Mobil, Cytec Solvay Group, Orica, Ashland Global, BASF, I. DU Pont De Nemours and Company, Chevron Phillips Chemicals, Huntsman Corporation, Solenis, Cytec Solvay Group, Kemira OYJ, Ecolab. These companies are focusing on various strategies for development such as mergers, acquisitions, partnerships, joint ventures, research and development of new chemicals and business expansions.
About Inkwood Research
Inkwood Research specializes in syndicated & customized research reports and consulting services. Market intelligence studies with relevant fact-based research are customized across industry verticals such as technology, automotive, chemicals, materials, healthcare, and energy; with an objective comprehension that acknowledges the business environments. Our geographical analysis comprises of North & South America, CEE, CIS, Middle East, Europe, Asia, and Africa.