Mining Chemicals Market is Likely to Gorw at a CAGR of 4.7% Over the Next Five Years

Stratview Research has launched a new research report on Mining Chemicals Market report segments the market in five ways to provide a 360-degree holistic view.
The forecast of the market has been segmented by-
• by Type: (Frothers, Flocculants and Others)
• by Mineral Type: (Base Metals, Non-Metallic Minerals andOthers)
• by Application Type: (Blasting & Drilling, Mineral Processing and Other)
• by Region
o North America
o Europe
o Asia – Pacific
o Rest of the World

The objective of this report is to identify the Trend, Forecast, Competitive Analysis, and Growth Opportunity of Mining Chemicals Market.
Years considered for this report -
• base year 2018
• trend period 2012 - 2017
• forecast period 2018 - 2023

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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.

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.

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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.

Mining Chemicals Market: Key Players and Major Strategies
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.

Report Features
This 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:
• Market structure: Overview, industry life cycle analysis, supply chain analysis
• Market environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis
• Market trend and forecast analysis
• Market segment trend and forecast
• Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
• Attractive market segments and associated growth opportunities
• Emerging trends
• Strategic growth opportunities for the existing and new players
• Key success factors.

Research Methodology
This report studies the market, keeping in mind the interest of all the stakeholders across the value chain. The rich quality of insights is outcome of -
• Extensive secondary research,
• Rigorous primary interviews with more than 10 industry stakeholders across the value chain.
• Validation and triangulation of data with Stratview Research’s internal database and statistical tools.
• More than 1000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data.

Stratview Research has several high value market reports in the chemicals and materials industry. Please refer to the following link to browse through our reports:
Click Here for Other Reports from Stratview Research in the Chemicals & Materials Industry: https://www.stratviewresearch.com/market-reports/Advanced-Materials.html

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