Mining Chemicals Market projected to grow at a CAGR of 4.7% in the forecast period (2018-2023)

Stratview Research’s report states about the segment-wise current market condition, and also offers an estimation about future growths. The report has been generated after accumulating data from various authenticated sources such as journals, white papers, fact book, etc. As per the estimation, Mining Chemicals Market is expected to inflate at impressive CAGR by the forecast period (2018-2023).

Request The Table of Contents through here:
https://www.stratviewresearch.com/toc/320/Mining-Chemicals-Market.html

Highlights of the Report:
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.

Get a free sample of the report:
https://www.stratviewresearch.com/Request-Sample/320/Mining-Chemicals-Market.html

Market Segments:
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.

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.

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.

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.

Market 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.

Features of the Report
Here are the key features of the report:
• Strategic Segmentation
• Competitive Analysis
• Strategic Growth Opportunities
• Swot Analysis
• Key Players
• Forecast Analysis & Future Growth

Stratview Research
400 Renaissance Center,
Suite 2600,
Detroit, Michigan, MI 48243
United States of America
Phone No. +1-313-307-4176
sales@stratviewresearch.com

Stratview Research is a global market intelligence firm offering a wide range of services including syndicated market reports, consulting, sourcing intelligence, and customer research. We are a trusted brand in the research industry with capability of commissioning complex projects within a short span of time with high level of accuracy.

This release was published on openPR.