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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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:
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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Global Mining Chemicals Market – Industry Trends and Forecast to 2026