According to this
report, the global mining chemicals market will expand at a CAGR of
6.6% during the forecast period from 2013 to 2019. In 2012, the
global mining chemicals market was estimated at US$18 bn and by 2019,
the market is projected to be worth US$28.1 bn.
In-depth research
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The global mining
chemicals market is driven by the growing demand for mining chemicals
due to the increase in the occurrence of low-quality and complex
ores. In addition to this, the global mining chemicals market’s
growth is also supported by the stringent government regulations for
tailings management and the rising economic conditions in the Asia
Pacific region. On the other hand, the global mining chemicals market
is suppressed by the complicated transportation and logistics
involved in the mining chemicals market.
Product-wise, the
global mining chemicals market is divided into grinding aids, solvent
extracts, collectors, flocculants, frothers, and others. The segment
of grinding aids held the largest share in the global mining
chemicals market in terms of volume, around 29% in 2012. The second
largest product segment in the global mining chemicals market in 2012
was that of collectors. The global mining chemicals market exhibits a
moderate degree of forward integration due to the engagement of a few
mining chemical producers in downstream activities. This integration
will provide participants a distinctive competitive edge in terms of
enhanced customer retention and market demands.
By application, the
global mining chemicals market is segmented into water and wastewater
treatment, explosives and drilling, mineral processing, and others.
In 2012, the waste and wastewater treatment segment held a share of
40%, in terms of volume consumed, in the global mining chemicals
market. Rising demand for mining chemicals used for water treatment
due to the presence of favorable regulations in several countries to
control the effect of mining on the environment will drive the
segment of water and wastewater treatment in the global mining
chemicals market.
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On the basis of
region, the global mining chemicals market is classified into Asia
Pacific, Europe, North America, and Rest of the World (RoW). In 2012,
Asia Pacific and Europe were the key regional markets for mining
chemicals. Asia Pacific was the dominant regional market for mining
chemicals and held a share of more than 50% in the global mining
chemicals market in terms of total volume consumption. Several key
mining chemical producers are increasingly focusing on capacity
expansion in the Asia Pacific region. In addition to this, the
revival of the global economy following recent economic troubles in
the Western World will also drive the demand for minerals and rare
earth metals globally.
Companies in the
global mining chemicals market will benefit from the market
opportunity of growing investment in mining in North Africa and Latin
America. Some of the key players operating in the global mining
chemicals market are AkzoNobel Performance Additives, Air Products
and Chemicals, Cytec Industries, Clariant AG, The Dow Chemical
Company, BASF SE, and Ashland Inc.
Key Segments of
the Global Mining Chemicals Market
Mining Chemicals
Market – Product Segment Analysis
- Frothers
- Flocculants
- Collectors
- Solvent extractants
- Grinding aids
- Others (Modifiers, defoamers, etc.)
Mining Chemicals
Market – Application Segment Analysis
- Mineral processing
- Explosives and drilling
- Water and Wastewater treatment
- Others (Exploration, analysis, etc.)
Mining Chemicals
Market – Regional Analysis
- North America
- Europe
- Asia Pacific
- Rest of the World (RoW)
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