- In terms of value, the global mining chemicals market was stood around US$ 25 Bn in 2018 and is anticipated to expand at a CAGR of more than 4% from 2019 to 2027
- Mining chemicals used as grinding aids accounted for the largest share of the mining chemicals market in terms of volume with more than 29.0% share of total volume consumed in 2018. Mining chemicals used for collectors was the second largest product segment of mining chemicals followed by flocculants, frothers, solvent extractants and others.
- The mining chemicals industry exhibits a moderate degree of forward integration as few of mining chemicals producers are also engaged in downstream activities. This forward integration gives these participants a distinctive competitive advantage in terms of better customer retention and market demand
- Based on application, water & wastewater treatment was the major application of mining chemicals and accounted for more than 35% of the total mining chemicals market in 2018.It is projected to exhibit significant growth rate during the forecast period 2019 to 2027
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Growing Environmental Concerns and Complex Logistics Involved May Hamper Overall Demand of Mining Chemicals
- Various harmful chemicals are released in the environment after minerals have been extracted and processed. Large volumes of tailings are produced when minerals are extracted from mines. These are usually deposited in mined-out areas or man-made tailings ponds. Tailings management has become an essential activity considering the current global emphasis on environment protection
- Furthermore, transportation and logistics is one of the major price drivers of mining chemicals. It accounts for almost 20% of the total overall cost of mining chemicals. Often, mines and producers of mining chemicals are located continents apart. This is another factor that adds to the intricacy of transportation and logistics of mining chemicals. Hence, suppliers need to constantly evaluate all the logistic possibilities in order to provide the best economies of scale and deliver products on time and in exact quantity. This adds increasing pressure on manufacturers of mining chemicals to provide mining chemicals efficiently
- These are some of the major factors which may hamper the overall demand for mining chemicals
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Asia Pacific Expected to be Highly Lucrative Region of Global Mining Chemicals Market
- In terms of volume and value, Asia Pacific accounted for major share of more than 40.0% of the global mining chemicals market in 2018. It is likely to remain the dominant market during the forecast period 2019 to 2027. China is one of the leading producer of key minerals such as gold, coal and rare earth metals. China is major source of supply to majority of the minerals to the globe. Therefore, China accounts for majority of the mining chemicals consumption. Also, other countries such as India, Australia are also major mining reserved countries and are focusing on increasing the mining activities. These are some of the major factors which drives the demand for mining chemicals in Asia Pacific
Global Mining Chemicals Market -Key Developments
- Companies are investing on R&D activities to provide less harmful mining chemicals. Clean Earth Technologies has successfully validated cost effective process to replace cyanide with safer, less hazardous chemical reagent thiosulphate. This inorganic compound helps dissolve fine gold out of ores into a solution, which can then be recovered through further processing. This new technology will be suitable for Greenfield mines locations where cyanide cannot be used or is banned. Also, it will be suitable for existing mines that are looking to upgrade and transition to new technology
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Global Mining Chemicals Market: Competition Landscape
- The global mining chemicals market is highly fragmented with presence of large numbers of unorganized players especially in Asia Pacific. Companies are operating at global level through widespread distribution channel. Some of the major players include BASF SE, The Dow Chemical Company, Chevron Phillips Chemical Company LP, Ashland Inc. etc..
Mining Chemicals Market: Product Type
- Solvent Extractants
- Grinding Aids
Mining Chemicals Market: Application
- Mineral Processing
- Explosives and Drilling
- Water and Wastewater Treatment
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The Global Mining Chemicals Market report by Reports and Data is an all-encompassing study of the global Mining Chemicals market. The report serves as a prototype of the highly functional Mining Chemicals industry. Our market researchers’ panel has performed quantitative and qualitative assessments of the global Mining Chemicals market dynamics in a bid to forecast the global market growth over the forecast period. Reports and Data have taken into consideration several factors, such as market penetration, pricing structure, product portfolios, end-user industries, and the key market growth drivers and constraints, to endow the readers with a sound understanding of the market. The report provides the reader with a panoramic view of the Mining Chemicals market, supported by key statistical data and industry-verified facts. Hence, it examines the size, share, and volume of the Mining Chemicals industry in the historical period to forecast the same valuations for the forecast period.
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The Mining Chemicals market research report is broadly bifurcated in terms of product type, application spectrum, end-user landscape, and competitive backdrop, which would help readers gain more impactful insights into the different aspects of the market. Under the competitive outlook, the report’s authors have analyzed the financial standing of the leading companies operating across this industry. The gross profits, revenue shares, sales volume, manufacturing costs, and the individual growth rates of these companies have also been ascertained in this section. Our team has accurately predicted the future market scope of the new entrants and established competitors using several analytical tools, such as Porter’s Five Forces Analysis, SWOT analysis, and investment assessment.
Market segments by Top Manufacturers:
- Solvent extractants
- Grinding aids
Market split by Type, can be divided into:
- Base metals
- Non-metallic minerals
- Precious metals
- Rare earth metals
Market split by Application, can be divided into:
- Mineral processing
- Explosives & drilling
- Water & wastewater treatment
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The latest report is furnished with a detailed examination of the Mining Chemicals market and the global economic landscape ravaged by the ongoing COVID-19 pandemic. The pandemic has significantly affected millions of people’s lives. Besides, it has turned the global economy upside down, which has adversely impacted the Mining Chemicals business sphere. Thus, the report encompasses the severe effects of the coronavirus pandemic on the Mining Chemicals market and its key segments.
The global Mining Chemicals market report comprehensively studies the present growth prospects and challenges for the key regions of the Mining Chemicals market. The report continues to evaluate the revenue shares of these regions over the forecast timeline. It further scrutinizes the year-on-year growth rate of these regions over the projected years. The leading regions encompassed in this report:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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Key Coverage of the Report:
- Detailed scrutiny of the latest market trends, including drivers, opportunities, threats, constraints, challenges, and future investment prospects
- Market segmentation by deployment type, authentication type, component, organization size, industry vertical
- Regional and country-wise market size estimation for the forecast period (2019-2027)
- Pricing strategies of the regional market players
- Demand & supply gap analysis
- Competitive landscape analysis
- Market share analysis of the top market players
- Strategic recommendations for new market entrants
- Company profiling of the leading market players
- Brief summary of the key strategies, financial positions, and recent developments of the leading companies
The report considers the following timeline for market estimation:
- Historical Years: 2017-2018
- Base Year: 2019
- Estimated Year: 2027
- Forecast Years: 2020-2027
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Global Mining Chemicals Market: An analysis for future growth
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In market segmentation by manufacturers, the report covers the following companies-
- The Dow Chemical Company
- Chevron Phillips Chemical Company LP
- BASF SE
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