Pune, India -- (SBWire) -- 03/02/2018 --The Global Mining Chemicals Market accounted for USD 5.80 billion in 2016 and is projected to grow at a CAGR of 4.80% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic year 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Mining chemicals are specific chemicals which are used in extracting the minerals and metal such as gold, copper iron, cobalt, cobalt, bauxite, manganese. These are used in applications including boring, blasting, mineral processing, and water & waste treatment. Growing demand from the explosives & drilling sector is driving the market.
Major Market Competitors:
- Akzo Nobel N.V.
- Chevron Phillips Chemical Company
- Evonik
- BASF SE
- Cytec Solvay Group
- AECI
- DuPont
- Clariant
- Kemira
- The Dow Chemical Company
- Ashland
- Huntsman International LLC
- Beijing Hengju Chemical Group Corporation
- Nalco
- Orica Limited
- Zinkan Enterprises Inc
- ArrMaz
- P
- SNF Group
- and Arizona Chemical Company
- LLC
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Market Segmentation:
On The Basis Of Geography, global mining chemicals market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others.
On The Basis Of Product Type, global mining chemicals market is segmented into grinding aids, collectors, frothers, flocculants and solvent extractants.
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On The Basis Mineral Type, global mining chemicals market is segmented into base metals, precious metals, non-metallic minerals and rare earth metals.
On The Basis Of Applications, global mining chemicals market is segmented into mineral processing, water & wastewater treatment and explosives & drilling.
Competitive Analysis:
The global mining chemicals market is consolidated due to the presence of limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Drivers and Restraints:
- Growing investments in mining projects
- Growing water treatment industry
- Growing mining activities
- Slow or limited growth in developed economies
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Global Mining Chemicals Market: Full in-Depth Analysis by Regional Outlook, Latest Trend, Share, Growth, Application and Forecast to 2024
Global Mining Chemicals Market By Product Type (Grinding Aids, Collectors, Frothers, Flocculants, Solvent Extractants), Mineral Type (Base Metals, Precious Metals, Non-Metallic Minerals, Rare Earth Metals) Applications (Mineral Processing, Water & Wastewater Treatment, Explosives & Drilling) – Industry Trends and Forecast to 2024