Mining Chemicals Market is projected to Grow at 4.7% CAGR over the Next Five Years

Stratview Research has published a new research report on Mining Chemicals Market. This extensive 206-page report by Stratview Research analyses the growth of Mining Chemicals Market over the trend period of 2012 to 2017 and forecast period of 2018 to 2023 under the following segments -
· by Type (Frothers, Flocculants, Solvent Extractants , Collectors, Grinding Aids and Others),
· by Mineral Type (Base Metals, Non-Metallic Minerals, Precious Metals, and Rare Earth Metals),
· by Application Type (Blasting & Drilling, Mineral Processing, Water & Wastewater Treatment and Fabrics),and
· by Region (North America, Europe, Asia-Pacific, and Rest of the World)

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The Global Mining Chemicals Market Growth and Forecast:
There has been a growing interest in the chemical industry in the mining sector. Rising global populations, increasing per capita income, and increasing disposable income are positively influencing the demand for consumer goods as well as transportation, energy, and the construction and infrastructure activities across regions. This, in turn, is impacting the overall demand for mining materials for making final products; hence, the demand for chemicals for the mining sector.
The upward trajectory of the mining chemicals market is projected to continue with a healthy CAGR of 4.7% during the period of 2018 to 2023. This represents an attractive growth opportunity in the entire ecosystem of the market. Organic growth in the mining sector, an extensive usage of mining chemicals for better yield, and a greater amount of chemicals required for processing of lower-grade ores are some of the major factors that are proliferating the growth of the mining chemicals market.
Furthermore, regulatory bodies, such as EPA and REACH, has imposed several regulations to protect the interest of workers and the nearby environment from the usage of mining chemicals. All these factors have led to an extensive investment towards the new product development and innovations in the mining industry.
The indispensable focus area of the mining sector is to invest in the development of efficient technology and enhance the profitability of existing mines. The introduction of stringent government regulations regarding workers’ safety and health are also compelling the sector to invest heavily in the technology in order to address the requirements of such regulations.
Mining Chemicals Market: by Type
The mining chemicals market is segmented based on the type as Frothers, Flocculants, Solvent Extractants, Collectors, Grinding Aids, and Others. Others include defoamers, corrosion inhibitors, antiscalants, dust suppressants, biocides, etc. The grinding aids segment is projected to remain the largest segment of the market during the forecast period. The segment is also likely to witness the highest growth during the same period, driven by its extensive usage for limestone grinding in cement production. China, India, and the USA are the major cement producers and so are the major grinding aids markets. Flocculants and collectors also hold considerable shares of the market and are expected to witness healthy growth rates during the same period.
Mining Chemicals Market: by Mineral Type
Based on the mineral type, the mining chemicals market is segmented as Base Metals, Non-Metallic Minerals, Rare Earth Metals, and Precious Metals. The base metals segment is expected to witness the highest growth during the forecast period, owing to increasing industrial and infrastructural development activities in the regions, such as Asia-Pacific, Latin America, and Africa.
Mining Chemicals Market: by Application Type
The mining chemicals market is also segmented based on the application type as Blasting & Drilling, Mineral Processing, Water & Wastewater Treatment, and Others. The blasting & drilling segment is expected to remain the dominant segment of the mining chemicals market during the forecast period. The segment is also likely to witness the highest growth during the same period, driven by the coal industry. Also, depleting mineral reserves have led to deep-surface mining, which, in turn, is driving the demand for mining chemicals in the blasting & drilling segment.
Mining Chemicals Market: by Region
Asia-pacific is expected to remain the largest mining chemicals market during the forecast period of 2018 to 2023. The region is also likely to experience the highest growth during the same period. Rapid economic expansion along with growing industrial and infrastructural activities in the developing economies are driving the market in the Asia-Pacific region.
China and India are likely to remain the growth engines of the region’s market during the forecast period. China is the largest producer of mining chemicals worldwide. Despite the depleting growth of Chinese economy, China is likely to maintain its dominance in the global market; however, this trend is likely to adversely impact on the overall growth of the mining chemicals market.
Europe and North America are the other two major markets for mining chemicals. The USA is the largest market in North America, whereas, both, Western and Eastern Europe, are the major markets with almost a similar demand for mining chemicals.
Mining Chemicals Market: Key Players and Major Strategies
The competition in the mining chemicals market can be better understood by beholding two distinct segments. In which, the first is commoditized and highly price-sensitive chemicals and another is highly-priced specialty chemicals. It is expected that the major global players will gradually move away from highly commoditized chemicals with the purpose to give a high focus on the specialty chemicals segment. The market is populated with both global as well as regional players. It is important to note that the growth strategies for global companies would be quite different than the regional players. For instance; the development of unrivalled technical service across regions, high R&D and innovation capabilities, and the formation of strategic alliances in order to quickly gain more share; whereas, the development of cost-competitive chemicals, good regional/local reach, and the ability to gain access to technology at a reasonable cost are some of the strategies for regional players.
The supply chain of this market comprises of raw material suppliers, mining chemical suppliers, and mining companies. The key players in the global mining chemicals market are BASF SE, Cytec Solvay Group, Clariant AG, Arkema, and Akzo Nobel N.V. It is also observed that distributors are gradually capturing more shares in the market due to decreasing commoditized chemical prices and their vast coverage in unpenetrated locations. Merger & acquisition, new product development, and forming strategic alliances are the key strategies adopted by the major players to gain a competitive edge in the market.
Why Stratview Research
Our report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights on the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
● Mining Chemicals Market overview, industry life cycle analysis, supply chain analysis
● Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
● Market trend (2012 – 2017) and forecast analysis (2018-2023) of each segment.
● Competitors’ market share, product portfolio and new launches.
● Growth opportunities in each segment.
● Emerging trends which will decide the future course of development.
● Strategic growth opportunities for the existing and new players
● Key success factors.

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