The “Global Mining Chemicals Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2026” research study provided on Decisiondatabases.com gives a detailed market dynamics of the global mining chemicals market. The report foresees the global market to reach over USD 41.5 BN by 2026 along with a CAGR of 6% from 2020-2026. The market was estimated to be near USD 27.6 BN in 2019.
Mining chemicals are the chemicals that are used in the extraction of metal from their ores. Different varieties of mining chemicals include frothers, flocculants, collectors, solvent extractants, grinding aids, depressants, activators and modifiers. Mining chemicals find applications in areas like mineral processing, explosives, drilling and water and wastewater analysis.
The mining activities for iron, zinc, copper and silver have increased due to an increase in its application in buildings & construction, packaging industries and oil & gas industries thus increasing the demand for mining chemicals. Mining chemicals have also become a necessity due to the quality of ores falling down consistently. However, the high cost and stringent norms laid down by the European Commission and similar bodies can hamper the growth of the mining chemicals market globally.
By product, the mining chemicals are segmented into frothers, flocculants, collectors, solvent extractants, grinding aids, depressants, activators and modifiers where grinding aids have been found out to be the leading segment followed by flocculants. Grinding aids are responsible for inducing floatability in the ore, making the extraction of metal easier thus leading to an increase in its consumption.
By application, the mining chemicals are categorized into mineral processing, explosives and drilling, water and wastewater treatment, exploration and analysis. Drilling and explosives have been found out to be the largest end-users of the mining chemicals industry followed by the segment.
By geography, Asia Pacific, North America, Europe, Latin America and Middle East & Africa are the regions over which the study of the global mining chemicals industry is conducted. Asia Pacific leads the global mining chemicals market followed by North America and Europe.
The key players in the global mining chemicals market profiled in the study are BASF SE, Clariant AG, Cytec Industries, Chevron Phillips Chemical Company, SNF FloMin and The Dow Chemical Company, Ashland, Dupont (EI) De Nemours, Ekof Mining & Water Solution GmbH, Exxon Mobil Corporation, FMC Corporation, General Electric Company, Huntsman Corporation, Kemira OYJ, Mathiesen Corporation, Maxam Australia Pty Ltd. and Minerals Technologies Inc. among others.
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