The global mining chemicals market is projected to continue with its upward trajectory at an astounding CAGR over the predicted years (2017-2023). Mining chemicals definition simply put, are the various specialized chemicals which aid to augment the productivity and efficacy of the mining process. It is utilized in the mining domain for separation, grinding, floatation, extraction and others. The list of mine chemicals includes solvent extractants, dispersants, pH modifiers, scale inhibitors, dewatering aids, chelants, surfactants, corrosion inhibitors, flocculants, collectors, frothers, grinding aids and others.
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There are a couple of factors that is driving the growth of the mining chemicals market. Some of the market trends and factors in this market as per an analysis conducted by Market Research Future (MRFR) include increasing demand for minerals, rising mining activities, increasing emphasis on wastewater and water management, augmented economies of scale, implementation of strict government regulations especially against mining hazards and growing urbanization and industrialization.
Leading players profiled in the mining chemicals market include Huntsman International LLC (U.S.), Clariant (Switzerland), Nasco (U.S.), SNF Group (U.S.), Akzo Nobel N.V. (Netherlands), Cheminova A/S (Denmark), 3M (U.S.), Air Products and Chemicals, Inc. (U.S.), NALCO (India), Cytec Solvay Group (U.S.), Exxon Mobil Corporation (U.S.), BASF SE (Germany), Chevron Philips Chemical Company (U.S.), The Dow Chemical Company (U.S.), and Ashland (U.S.)
Market Research Future report provides a comprehensive segmental analysis of the mining chemicals market based on product, application and mineral type.
Based on product, it is segmented into scale inhibitors, solvent extractant, collectors, frothers, flocculants, grinding aids and others. Of these, the grinding aids will grab the maximum market share.
Based on application, it is segmented into wastewater and water treatment, explosives and drilling, mineral processing and others. Of these, the explosives and drilling is likely to have the maximum share in the mining chemicals market.
Based on region, the mining chemicals market covers growth opportunities and latest trends across Asia Pacific, North America, Europe, Latin America and Middle East and Africa. Of these, Asia Pacific dominates the market in terms of both volume and value due to the growing number of mining activities in India, Japan and China. The utilization of mining chemicals especially in limestone grinding is anticipated to boost the growth of mining chemicals market in the region during the forecast period.
The developing mining sector under the Eastern European regions namely Bulgaria, Ukraine and Russia are projected to drive the growth of the market in Europe. The mining chemicals market in the African region is anticipated to see a stellar growth being the key exporters and producers of uranium, iron ore, copper, platinum and others.
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