We use cookies for a better user experience. Read our Privacy Policy

I Agree

Global Mining Chemicals Market: Degradation of Ore Grade to Fuel Demand across Mining Industry, finds TMR

Chemicals And Materials |

The competitive rivalry in the global mining chemicals market is significantly high due to the presence of several leading companies, states Transparency Market Research (TMR) in a new research report. To meet the demand arising from several end-use industries, manufacturers are focusing on capacity expansion of their respective production facilities. Some of the leading participants in the global mining chemicals market are The Dow Chemical Company, SNF FloMin, Chevron Phillips Chemical Company, Cytec Industries, Clariant AG, and BASF SE. The mining chemical industry is likely to exhibit moderate forward integration as several mining chemical companies are also involved in downstream activities. 

The global mining chemicals market is projected to exhibit a 6.6% CAGR between 2013 and 2019. In 2012, the market stood at a valuation of US$18,000.9 mn and is projected to touch US$28,130.8 mn by the end of 2019. In terms of application, the water and wastewater treatment segment emerged dominant and accounted for a share of approximately 40% in 2012. The consumption of mining chemicals has extensively increased in the water and wastewater treatment segment due to the implementation of various laws and regulations across the globe to control the harmful effects of mining on the environment. 

Based on product, the market is classified into frothers, flocculants, collectors, solvent extracts, and grinding aids. Amidst these, grinding held the leading share of approximately 29% in 2012 in the global mining chemicals market. Mining chemicals which is used for collectors emerged as the second leading segment after grinding. 

Asia Pacific to Lead in terms of Consumption of Mining Chemicals 

Based on geography, the global mining chemicals market is segmented into the Rest of the World, North America, Europe, and Asia Pacific. Europe and Asia Pacific emerged as the key markets for mining chemicals in 2012. Asia Pacific led the global mining chemicals market with a share of approximately 50% in 2012. The growth of the mining chemicals market in Asia Pacific can be attributed to the production unit expansion by leading manufacturers to increase production and circulation in the region. Countries in regions such as the Middle East and North Africa, Latin America, and Asia Pacific are investing in numerous infrastructure projects, thus boosting the demand for mining chemicals in these regions. 

Investment in Mining Projects to Accelerate Sales of Mining Chemicals 

“Regions such as South America and Asia Pacific are focusing on improving their existing mining infrastructure and are also investing in new mining projects for economic development,” says a TMR analyst. Owing to the decreasing grades of ores of various mines across the globe, the demand for mining chemicals has intensified. Due to the decreasing ore grades, mining companies have been compelled to increase mineral processing activities to extract minerals in a viable way. The demand for mining chemicals also rises with the shifting consumption trends and economic development of regions. The flourishing mining industries in Eastern Europe and Africa are expected to provide manufacturers with new opportunities to gain from. 

Complexities Associated With Logistics to Inhibit Market Growth 

Factors such as complexities involved with logistics and transportation are anticipated to hamper the growth of the global mining chemicals market. At times, producers and mines from where they extract ore are located far apart. As a result of this, the process of transporting ores and minerals to the desired place takes time, hence delaying the sales of mining chemicals. Moreover, economic downturn in emerging economies is further expected to hinder the growth of the global mining chemicals market. 

This review is based on a Transparency Market Research report, titled, “Mining Chemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013-2019.” 

Mining Chemicals Market – Product Segment Analysis

  • Frothers
  • Flocculants
  • Collectors
  • Solvent extractants
  • Grinding aids
  • Others (Modifiers, defoamers, etc.)

Mining Chemicals Market – Application Segment Analysis

  • Mineral processing
  • Explosives and drilling
  • Water and Wastewater treatment
  • Others (Exploration, analysis, etc.)

Mining Chemicals Market – Regional Analysis

  • North America
  • Europe
  • Asia Pacific
  • Rest of the World (RoW)

About Us

Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.

Each TMR syndicated research report covers a different sector - such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

Copyright © Transparency Market Research, Inc. All Rights reserved