Mining Chemicals Market - By Product Type (Grinding Aids, Flocculants, Collectors, Frothers, Solvent Extractants), Mineral Type (Base Metals, Non-Metallic Minerals, Precious Metals, Rare Earth Metals), Application (Mineral Processing, Explosives & Drilling, Water & Wastewater Treatment, Others) - Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Mining Chemicals Market held USD 29.28 billion in 2020 and is to grow with a CAGR of 6% from 2020-2030. Mining chemicals are advanced chemicals that are used to make mining procedures more productive and efficient.  Mining chemicals includes surfactants, collectors,  solvent extractant, scale inhibitors, corrosion inhibitors, grinding aids, chelants, surfactants, frothers, pH modifiers, flocculants, dewatering aids. dispersants and others. The collectors used in mining chemicals are dithiophosphates, dithiophosphates, xanthates,  and thiocarbamates. These collectors help to recover copper at low pH value. Other collectors includes lead, copper, oily and  soluble.  Chemicals used during the  mining and mineral processing pollutes water, air and soil,  causing issues in the employee's  health and people living close to mines, which can be a restraint  in the global mining chemicals market.  Raw materials such as sulfuric acid, mercury, uranium, cyanide, nitric acid  and lead are used to manufacture mining chemicals. Such chemicals are hazardous to environment and the human beings. That's why these chemicals are regulated under REACH (Registration, Evaluation, Authorisation, and restriction of Chemicals), Industrial Chemicals Act and OSPAR convention.

Market Dynamics and Factors:

Increasing demand for minerals, increased focus on water & waste-water treatment and increased mining activities are among the main trends that drive growth in the mining chemicals market. Over the coming years, rising demand for gold, copper, and platinum from different applications is also expected to fuel demand for goods. Because of the poor quality of the ore bodies the mining industry has faced many challenges. Growing demand for gold has led to increased mining activities which are expected to boost demand for mining chemicals, thus acting as a catalyst in global mining chemicals market growth over the forecast period. The global mining chemicals market is highly competitive and logistics is one of the major factor contributing to the final product.

Market Segmentation:

Based on the product type the global mining chemicals market is segmented into grinding aids, flocculants, collectors, frothers, solvent extractants. On the basis of mineral type, the  market can be bifurcated into  base metals, non-metallic minerals, precious metals, rare earth metals. Depending upon the applications, the mining chemicals market is categorized into mineral processing, explosives & drilling, water & wastewater treatment and others. Geographic bifurcation includes North America, Europe, Asia-Pacific, and RoW.

Geographic Analysis:

Asia Pacific was the largest chemical mining sector in 2015, with a global market share of just over 40%. Mineral processing and the explosives & drilling sectors are the key drivers  of global mining chemicals market. In addition to it, emerging economies including China and India are expected to fuel demand for mining chemicals over the forecast period. China is one of the top producers of rare earth metals, gold, and iron. China has more than 10,000 mines, providing a large proportion of the world's total output. It's also the largest user of mining chemicals used for mineral extraction. It is predicted that those factors would have a positive effect on global mining chemicals market.

Competitive Scenario:

The key players of global mining chemicals market include Solvay, Chevron Phillips Chemicals Pvt. Ltd., BASF SE, AECI and Clariant AG.

Mining Chemicals Market Report Scope