Mining Chemicals Market: Increasing usage of mining chemicals in infrastructure development will enhance the demand of the market in the forecast period of 2019-2026

Mining Chemicals Market

Mining chemicals are chemicals which are widely used in the mining processes so that the process can be more efficient and productive.  They are very important for the processing of the mining ores. There is random increase in the number of consumption of base metals and precious metals because of the increasing application of mining chemicals. Some of the common types of mining chemicals are surfactants, flocculants, grinding aids, scale inhibitors, pH modifiers, and other.

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Few of the factors responsible for the growth of the mining chemicals market in the forecast period of 2019-2026 are:

  • Increasing demand for mining chemicals in infrastructure development and industrialization: There is increase in the demand for the mining chemicals in the infrastructure and construction industry because of the rising awareness about the advantages offered by them. Mining chemicals are advanced chemicals that improve efficiency and productivity in mining procedures. These chemicals have the ability to decrease the water, reduce corrosion, and prevent rust. Chemicals are considered as the foundation of the construction industry.
  • Increasing Demand of Specialty Chemicals in Mining Processes: Specialty chemicals are specific chemical products that have a wide range of effects that many other sectors of the industry depend on. Adhesives, cleaning materials, construction chemicals, elastomer, fragrances, industrial gases, and other are some of the categories of specialty chemicals. These specialty chemicals are used as per their function and abilities. There is increase in the demand for the specialty chemicals in the mining processes which is affecting the growth of the market positively.

The Global Mining Chemicals Market is segmented on the basis of product type, mineral type, and application. The mining chemicals market is segmented on the basis of product type as grinding aids, flocculants, collectors, frothers, and solvent extractants. The mining chemicals market is also segmented on mineral type as base metals, non-metallic minerals, precious metals, and rare earth metals. On the basis of application, the mining chemical market is segmented into mineral processing, explosives & drilling, water & wastewater treatment, and others.

Many companies are making different launches and acquisitions in the market which will help them to enhance their market position and will also increase the demand of the product in the market. Few of the recent development in the market are:

  • In May 2019, Arkema SA announced the acquisition of mining-additives company ArrMaz Custom Chemicals Inc. from Golden Gate Capital which will help them to enhance their specialty chemicals business. This acquisition will help the company to add the portfolio of deformers and surfactants to their business. This will help the company to enhance their market position and increase their global reach.
  • In April 2019, Tronox Holdings plc announced that they have acquired titanium dioxide business of The National Titanium Dioxide Company Limited. This acquisition will help the company to enhance the market position and to meet the rising demand of their customer worldwide.

Mining Chemicals Market is set to witness a CAGR of 7.10% in the forecast period of 2019- 2026

Few of the major competitors currently working in the global mining chemicals market are Ashland, Dow, Chevron Phillips Chemical Company, BASF SE, Exxon Mobil Corporation, Solvay, NALCO India, Air Products and Chemicals, Inc., 3M, FMC Corporation, Akzo Nobel N.V., SNF Group, NASCO, Clariant, Huntsman International LLC., Orica Limited., ArrMaz, Kemira and others.

Growing mining activities worldwide and increasing demand for specialty chemical in the mining processes will accelerate the demand for the mining chemical in the market. There is also increase in the demand for copper, gold, and platinum among population for different applications which is also expected to enhance the demand for the mining chemicals. Technological advancement and development in the mining industry will further enhance the mining chemicals market. On the other hand, growing demand for high quality minerals will also create new opportunities for the mining chemicals market in the forecast period of 2019-2026.

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