Mining chemicals market is expected to register a CAGR of 3.64 % during the forecast period, 2018 to 2023 |Key Vendors - BASF SE, CYTEC SOLVAY GROUP, CLARIANT, 3M, AKZONOBEL, AXIS HOME, amongst others. China to Dominate the Market in the Region through 20

Asia- Pacific is expected to dominate market. China holds majority of the Asia-Pacific mining chemical industry. Chinese mining industry has more than 10,000 mines, majority part is owned by state. It is world’s largest producer of gold, coal, and other earth minerals. Moreover, it is also a leading consumer of mining products.

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Specialty chemicals are used in almost all the steps in mining process. The mining industry has witnessed shifts in its production techniques, from tunnelling to open pit mining, which has made it possible to mine ores of declining grades and decrease the overall costs. In addition to this, specialty chemicals are also used in the later stages of production chain like smelting, refining, manufacturing and commodity trading. Flotation Chemicals u2013 the fastest growing segment by function.

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Market Segments:
Mining chemicals market is segmented by:
1. Function: Flocculants, Forthers, Collectors, Dispersants, Depressants
2. Application: Mineral Processing, Water & waste Treatment.
3. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa.

Key Developments in the Market
• April 2017: BASF to increase prices for flocculants for the mining industry worldwide
• March 2017: Dow came up with Sustainable Natural Solution to Address Mine-Impacted Water

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