The growth of the market is driven by the increased demand for minerals, increased focus on water and wastewater treatment, and increased mining activities.
Market Size – USD 27.97 Billion in 2018, Market Growth - CAGR of 6.1%, Market Trends – Increased demand for minerals, increased attention to treatment of water and wastewater and increased mining activities.
NEW YORK, April 22, 2019 (GLOBE NEWSWIRE) -- The Mining Chemicals Market is forecasted to grow from USD 27.97 Billion in 2018 to USD 45.87 Billion by 2026, at a CAGR of 6.1%, during the forecast period. The market is primarily driven by the growing demand for minerals, increased emphasis on treatment of water and wastewater and increased mining activities.
Request free sample of this research report at: https://www.reportsanddata.com/sample-enquiry-form/1306
Because of the low quality of the ore bodies, the mining industry has faced many challenges. Increasing demand for gold has resulted in increased mining activity, which is expected to drive demand for mining chemicals over the forecast period. For example, for the extraction of gold from its ore, most players use cyanide.
The market is highly competitive in nature and one of the key parameters contributing to the final product is logistics. Logistics represent 20% or more of the overall cost, especially for overseas shipments. Distributors have to evaluate all possible means of transportation compulsorily in order to deliver the product in the same form as the consumer needs and to provide economies of scale.
Further key findings from the report suggest
- The Mining Chemicals Market is forecasted to grow from USD 27.97 Billion in 2018 to USD 45.87 Billion by 2026, at a CAGR of 6.1%, during the forecast period. The market is primarily driven by the growing demand for minerals, increased emphasis on treatment of water and wastewater and increased mining activities.
- Based on type, the grinding acid market held the largest market share of over 47.6% in 2018. It is expected to reach USD 22.02 Billion in 2026, at a CAGR of 6.4% during the forecast period. Increasing focus on mineral recovery is likely to be an important factor supplementing the segment's growth. The recuperation of valuable minerals requires the grinding and milling of ores.
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/mining-chemicals-market
- The market for collectors is estimated to reach USD 8.72 Billion in 2026, at a CAGR of 6.8% during the forecast period. The xanthates, dithiophosphates, and thiocarbamates are the collectors used as mining chemicals. Collectors help with low pH value copper recovery. Copper, lead, soluble and oily are many collectors. Based on their chemical structure and group, these collectors are named. Xanthates are used in the treatment of ores such as sulfides of iron and penalties.
- The market for base metals is expected to reach USD 11.01 Billion, growing at the highest CAGR of 7.3% during the forecast period. Due to the growth in industrialization and infrastructure development in the Asia-Pacific, Middle East & Africa, South America, and Eastern European regions, base metals will grow due to increased demand for these metals.
- Based on application, the market for drilling & explosives segment held the largest market share of 36.3% in 2018 and is expected to reach USD 17.43 Billion in 2026, at a CAGR of 6.8% during the forecast period. Rising demand for deep-surface mining is expected to contribute significantly to the growth of this application segment in order to extract high-quality minerals.
- The market for Asia Pacific (APAC) is expected to reach USD 15.6 Billion in 2026, at a CAGR of 6.9% during the forecast period. Countries like China and Japan, due to rapid economic expansion, are expected to see high growth in the market for mining chemicals. The economies positive outlook attracts huge investments from global mining firms. As a result, different metals and minerals mining capacity is increasing, boosting demand for mining chemicals.
- The major players in the market are Kemira OYJ (Finland), Dow Chemical Company (US), ArrMaz Products, L.P. (US), AkzoNobel N.V. (Netherlands), BASF SE (Germany), Clariant International Limited (Switzerland), Cytec Industries Inc. (US), HuntsOrica Ltd. (Australia), man International LLC (US), SNF Floreger (France) and others
Order Now: https://www.reportsanddata.com/checkout-form/1306
Segments covered in the report:
This report forecasts volume and revenue growth at a global, regional & country level, and provides an analysis on the industry trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the market on the basis of type, mineral type, application and regional analysis.
Type (Kilo Tons) (Revenue, USD Million; 2016-2026)
- Frothers
- Flocculants
- Collectors
- Solvent extractants
- Grinding aids
Mineral Type (Kilo Tons) (Revenue, USD Million; 2016-2026)
- Base metals
- Non-metallic minerals
- Precious metals
- Rare earth metals
Application (Kilo Tons) (Revenue, USD Million; 2016-2026)
- Mineral processing
- Explosives & drilling
- Water & wastewater treatment
- Others
Region (Kilo Tons) (Revenue, USD Million; 2016-2026)
- North America
- US
- Europe
- Germany
- France
- UK
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Middle East & Africa
Browse more reports of Drilling and Extraction Equipment category at: https://www.reportsanddata.com/report/category/drilling-and-extraction-equipment
About Reports and Data
Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target and analyze consumer behavior shifts across demographics, across industries and help client’s make a smarter business decision. We offer market intelligence studies ensuring relevant and fact-based research across a multiple industries including Healthcare, Technology, Chemicals, Power, and Energy. We consistently update our research offerings to ensure our clients are aware about the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise.
Contact Us:
John Watson
Head of Business Development
Reports And Data | Web: www.reportsanddata.com
Direct Line: +1-800-819-3052
E-mail: sales@reportsanddata.com