Pune, India, April 15, 2022 (GLOBE NEWSWIRE) — Mining chemicals market is anticipated to grow at a steady growth rate over the forecast period, owing to extensive adoption of this product across a number of sectors such as mineral processing, water treatment, underground mining, stockpiles, mine haul roads, explosives & drilling, and surface mining among others. Mining chemicals helps in filtration and de-watering, offering efficiency, improving grade & recovery, and handling slurry and pumping, and lowering collector dose and cost per ton. Frothers, flocculants, collectors, solvent extractants, and grinding aids are the most commonly utilized mining chemicals.
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Key Insights & Findings:
The frothers segment led the mining chemicals market and valued at USD 2.17 Billion in 2020. This is mainly due to proliferation of froth flotation in the mining industry for recovering minerals from the slurry, purification of certain minerals, and separation of impurities.
The mineral type segment led the mining chemicals market and valued at USD 2.33 Billion in 2020. This is mainly due to significant demand for base metals from construction industry.
The explosives & drilling application segment accounted for the largest market share and valued at USD 2.60 Billion in 2020. Growth in opencast mining boosts growth of this segment.
The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. The Asia-Pacific region dominated the Mining Chemicals market with the market revenue of 3.25 Billion in 2020. Growth of the Asia-Pacific mining chemicals market is mainly driven by rapid growth in mining activities across the region. For instance, China is the one of the leading producer of coal and gold among other earth minerals. However, Middle East and Africa region is likely to register the highest growth during the forecast period due to the proliferating mining sector in Africa region coupled with the promising Middle East mining industry
Key players operating in the global mining chemicals market AkzoNobel N.V., BASF SE, Clariant International Ltd., Cytec Industries Inc., Kemira OYJ, The Dow Chemical Company, Huntsman International LLC, Orica Limited., ArrMaz Products, L.P., and SNF Floreger …