Global Mining Chemicals Market Size 2024, Forecast To 2033
11 Mar, 2024
The mining chemicals market has demonstrated robust growth, escalating from $15.79 billion in 2023 to $16.89 billion in 2024, with a CAGR of 6.9% during the historical period. This growth can be attributed to the strong economic expansion in emerging markets, increased industrialization, a rise in mining activities, and heightened coal production and consumption. The trajectory continues to be positive, with an expected market size of $21.99 billion in 2028 at a CAGR of 6.8%. Anticipated drivers of growth include increasing government support, rapid urbanization, and a burgeoning petroleum industry. Major trends in the forecast period encompass the utilization of artificial intelligence (AI) for mineralogical data analysis, the adoption of new mineral processing flotation technologies, a focus on the Industrial Internet of Things (IIoT) for remote monitoring, digital mining solutions for chemical waste control, escalating investments in mineral activities, and strategic partnerships and collaborations among market players.
Global Mining Chemicals Market Key Driver
The mining chemicals market is set to grow, propelled by increasing mining activities that involve the extraction of metallic and non-metallic minerals. Various chemical contaminants, such as mercury, cyanide, and arsenic, are used in different phases of mining to separate minerals from their ore and enhance the purity of metals and minerals. According to the U.S. Geological Survey, U.S. mines produced approximately $90.4 billion in mineral commodities in 2021, reflecting a notable increase of $9.7 billion compared to the previous year. The expansion of mining activities globally is a key driver for the growth of the mining chemicals market. The market size projections for 2023, 2024, and 2028 indicate sustained growth in response to the increasing demand for mining chemicals.
Get A Free Sample Of The Global Mining Chemicals Market ReportGlobal Mining Chemicals Market Segments
The mining chemicals market covered in this report is segmented –
1) By Product Type: Frothers, Flocculants, Collectors, Solvent Extractants, Grinding Aids, Other Product Types
2) By Material Type: Base Metals, Non-Metallic Minerals, Precious Metals, Rare Earth Metals
3) By Application: Mineral Processing, Explosives And Drilling, Water And Wastewater Treatment, Other Applications
By Geography:The regions covered in the mining chemicals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
Asia-Pacific was the largest region in the mining chemical market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the mining chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Major Mining Chemicals Industry Players
BASF SE, AECI Mining Chemicals, Sasol, Solvay Group, Clariant AG,SNF Floerger, Arkema, Orica Limited, Ecolab Inc, Chevron Phillips Chemicals Co. Ltd, Tata Chemicals Limited, Hindustan Chemicals and Polymers, PT Nusa Halmahera Minerals, AVANSCHEM, PT. Chemco Harapan Nusantara, Chemicals and Machinery Co Ltd (CMC), Yantai Humon Chemical Auxiliary Co., Ltd, Kemira, LUKOIL, Sibplaz, Rompetrol, CHIMCOMPLEX SA BORZESTI, LINDE GAZ ROMANIA SRL, Newmont Corporation, Freeport-McMoRan Inc, Catalog. Economy Polymers and Chemicals, Noah Chemicals, TRInternational, Inc, Applied Material Solutions, Palm Commodities International, Inc, Quadra Chemicals, FloChem Ltd, Clariant, Chemours, Cytec Solvay Group, Quimica Del Sur S.A, Dow Chemical Company, Ashland, Tahoun Group, Chemie-Tech, Saudi Arabian Mining Company, Qatar Mining Company (QMC), Netafim, AECI Mining Chemicals, Betachem (Pty) Ltd, Senmin
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Mining Chemicals Market Overview
Mining chemicals refer to chemicals that are involved in separating minerals from their ore, such as cyanide, solvents, and sulfuric acid. Mining chemicals are crucial for the efficient recovery of ores from natural deposits. These substances are used to increase the metals and minerals purity.
Mining Chemicals Global Market Report 2023 provides data on the global mining chemicals market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The mining chemicals market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.