Press release
Mining Chemicals Market Trends, Rising Opportunities, Size, Share, Segments and Revenue Forecast 2025
The research study is a compilation of incisive insights about key aspects of the Global Mining Chemicals Market influencing its growth during the course of the forecast period 2019-2025.
Global Mining Chemicals Market is valued at approximately USD 6.03 billion in 2017 and is anticipated to grow with at approx. 4.60 % over the forecast period 2018-2025. The advent of methyl isobutyl carbinol (MIBC) as a frother mainly for mineral flotation is considered as a key trend for the growth of the mining chemicals market over the forecast period. Additionally, the growing demand for minerals and other resources are also expected to supplement the growth of the market across the globe.
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The rise of the market is backed owing to the growing mining activities along with the increasing investments on mining exploration. For Instance: according to the Brazilian Government in May 2017, the government has implemented a program named Investment Partnership Program with an aim to boost and supervise mining sector. Also, other investment opportunities include Eurasian resource Group’s $2.4 billion integrated iron ore mining and logistics projects. Similarly, in 2018, Chilean Copper Commission plans to invest $7.2 billion to support major mine projects owned by Mantos Copper, BHP, Teck, Codelco, Goldcorp and others.
Thus, growing mining activities is expected to increase the demand for mining chemicals as these chemicals are used at the stage of processing the respective ores. As a result, the demand & adoption of mining chemicals would increase, contributing towards the market growth. Furthermore, growing importance of water management activities offers lucrative growth prospects for the mining chemical market. However, slow growth of mining industry in emerging economies acts as a key restraint for the mining chemical market during the forecast period.
Leading players covered in the Global Mining Chemicals Market report:
• BASF SE
• Clariant AG
• Cytec Industries Inc.
• Kemira Oyj
• The DOW Chemical Company
• Huntsman Corporation
• Orica Limited
• Arrmaz Products L.P.
• Snf Floerger Sas
• Chevron Phillips Chemical Company, LP
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Global Mining Chemicals Market: Segmentation by type-
• Flocculants
• Frothers
• Solvent extractants
• Grinding aid
Global Mining Chemicals Market: Segmentation by Application-
• Explosives & drilling
• Mineral processing
• Water and wastewater treatment
• Others
Global Mining Chemicals Market: Segmentation by mineral type-
• Base Metals
• Non-metallic minerals
• Precious metals
• Rare earth metals
Global Mining Chemicals Market: Segmentation by Regions:
• North America
• Europe
• Asia Pacific
• LAMEA
• ROW
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