Dec 21, 2021   SOURCE: BusinessWire

Global Mining Chemicals Market Analysis & Forecasts Report 2021-2028 by Ore Type (Copper, Iron), & Application (Mineral Processing, Explosives & Drilling) - ResearchAndMarkets.com

The "Mining Chemicals Market Size, Share & Trends Analysis Report By Ore Type (Copper, Iron), By Application (Mineral Processing, Explosives & Drilling), By Region (Europe, APAC), And Segment Forecasts, 2021-2028" report has been added to ResearchAndMarkets.com's offering.

The global mining chemicals market size is estimated to reach USD 15.57 billion by 2028, registering a CAGR of 5.8%

Factors, such as rising demand for minerals and increasing mining and water treatment activities, are likely to drive the demand for the product over the forecast period.

The demand for mining activities across the globe is rising owing to increasing infrastructural developments and automotive production and growing demand for minerals. The mining market includes the sales of metals and minerals and other valuable materials, such as coal, stone, sand, and gravel, which are extracted from the earth's crust.

The manufacturers in the market are focusing on adopting different strategies, such as expansions, joint ventures, acquisitions, new product launches, agreements, and partnerships, to obtain a high market share. Key stakeholders in the industry are inclined towards the development and innovation of novel products and consequently are planning significant investments for R&D activities.

Manufacturers have personal R&D centers dedicated to development purposes and are inclined towards forming alliances with various research organizations and institutes to achieve optimized results. Industry participants maintain strong relationships with international as well as local suppliers and distributors to maintain a consistent sales flow of products throughout the year.

Mining Chemicals Market Report Highlights

  • In 2020, iron emerged as the fastest-growing ore type segment with a CAGR of more than 6%. The growing demand for iron ore in different industries including wastewater and petroleum is expected to fuel the segment growth
  • The solvent extractants segment is a prominent product segment, in terms of growth rate, as solvent extractants offer protection against oxidative degradation and offer excellent operational reliability
  • The explosives & drilling segment is projected to grow at the highest CAGR from 2021 to 2028. The increasing need for minerals and metals is expected to augment the demand for mineral extraction over the forecast period
  • Water treatment is expected to be the second-highest application segment from 2021 to 2028, in terms of growth rate, due to the increasing demand for major commodities, such as iron ore and copper
  • Asia Pacific is estimated to be the fastest-growing regional market from 2021 to 2028 owing to the increasing foreign investments in emerging countries, including China and India, which have contributed to the regional market growth

Mining Chemicals Market Variables, Trends, & Scope

Market Driver Analysis

  • Growing demand for minerals
  • Increasing mining activities in developing regions

Market restraint Analysis

  • Growing Environmental Concerns

Market opportunity Analysis

Market challenge Analysis

Impact of COVID-19 Pandemic

Mining Chemicals Industry Analysis-Porter's

Macro-Economic Analysis

Industry Value Chain Analysis

  • Raw Material Trends
  • Cyanide
  • Sulfuric acid
  • Mercury
  • Manufacturing Trends
  • Sales channel Analysis

Regulatory Framework

  • European Union regulatory framework
  • OSPAR Commission regulatory framework
  • Canadian regulatory framework

Companies Mentioned

  • BASF SE
  • Ashland
  • Dow
  • SNF
  • Cytec Solvay Group
  • Arkema
  • Clariant
  • NASACO
  • ArrMaz
  • Kemira
  • Shell Chemicals
  • Quaker Chemical Corporation
  • Akzo Nobel N.V.
  • Solenis
  • CP Kelco U.S. Inc.
  • The Sherwin-Williams Company

For more information about this report visit https://www.researchandmarkets.com/r/3jzhoa