Increasing importance of water management activities in the Asia- Pacific region

The mining chemicals market size is estimated to grow from USD 6.02 Billion in 2017 to USD 7.54 Billion by 2022, at a CAGR of 4.60%. The mining chemicals market is witnessing considerable growth due to the rise in industrialization and infrastructural development. High demand for mining chemicals is primarily attributed to increasing complexity of ores and decreasing ore grades. The mining chemicals industry has come across new opportunities due to the growing stringent government regulations on wastewater pollution, coupled with the rising demand for quality minerals.

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Mining chemicals also finds wide application in mineral processing. This is due to the rising demand for concentrated grade minerals. As per International Mining Equipment (IME) 2017, mineral processing will witness a significant rise due to the high growth of the mining sector, in terms of production of minerals.

Mining chemicals are consumed in the wastewater treatment application for intercepting, diverting, and recycling the water. High demand for mining chemicals in water & wastewater treatment can be attributed to the stringent environment and legislative regulations on toxic discharge in water bodies initiated by governments of countries such as the U.S.

In 2016, the Asia-Pacific market accounted for the largest share of the global mining chemicals market, followed by Europe and North America. Countries such as China and Japan are expected to witness high growth in the mining chemicals market due to rapid economic expansion. The positive outlook of the economies is attracting huge investments from global mining companies. As a result, the mining capacity of various metals and minerals is increasing, thereby boosting the demand for mining chemicals.

The major players in the Mining chemicals market include AkzoNobel N.V. (Netherlands), BASF SE (Germany), Clariant AG (Switzerland), Cytec Industries Inc. (U.S.), Kemira OYJ (Finland), The Dow Chemical Company (U.S.), Huntsman International LLC (U.S.), Orica Limited. (Australia), ArrMaz Products, L.P. (U.S.), and SNF Floreger (France).

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Strong demand from end-use industries such as mineral processing, explosives & drilling, water & wastewater treatment, drives the mining chemicals market

The mining industry utilizes chemicals in all stages of production. These chemicals are used to increase the efficiency and productivity of mining processes such as extraction and recovery of minerals from ores. A wide variety of general and specialty chemicals are utilized for mining. The mining chemicals market has generally been characterized by fluctuations in commodity prices, low profit margins, and increased competition from producers in less developed countries, especially China which has aggressively been manufacturing and exporting mining chemicals. Continuous changes in the landscape of ores have shifted the focus of mining chemical providers towards innovations in the technology that can ensure economical treatment of ores. Advancements in terms of product innovations and technologies are expected to create substantial investment opportunities for mining chemicals.

The mining chemicals market size is estimated to grow from USD 6.02 Billion in 2017 to USD 7.54 Billion by 2022, at a CAGR of 4.60%. The mining chemicals market is witnessing considerable growth due to the rise in industrialization and infrastructural development. High demand for mining chemicals is primarily attributed to increasing complexity of ores and decreasing ore grades. The mining chemicals industry has come across new opportunities due to the growing stringent government regulations on wastewater pollution, coupled with the rising demand for quality minerals.

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Asia-Pacific market accounted for the largest share of the global mining chemicals market, followed by Europe and North America. Countries such as China and Japan are expected to witness high growth in the mining chemicals market due to rapid economic expansion. The region has vast mineral resources of copper, zinc, aluminum, coal, limestone, and rare earth & precious metals. The positive outlook of the economies is attracting huge investments from global mining companies. As a result, the mining capacity of various metals and minerals is increasing, thereby boosting the demand for mining chemicals.

The demand is primarily met by domestic players of the nations in this region. High demand for mining chemicals in the country can be credited to the continuous exploration and beatification of ores. Additionally, high foreign investments in China’s mining industry are expected to support the application for mining chemicals in the country.

The major players in the Mining chemicals market include AkzoNobel N.V. (Netherlands), BASF SE (Germany), Clariant AG (Switzerland), Cytec Industries Inc. (U.S.), Kemira OYJ (Finland), The Dow Chemical Company (U.S.), Huntsman International LLC (U.S.), Orica Limited. (Australia), ArrMaz Products, L.P. (U.S.), and SNF Floreger (France).

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Key Driving Factors of The Mining Chemicals Market By 2022

The mining chemicals market is witnessing considerable growth due to rapid industrialization and infrastructure development. These chemicals are used to increase the efficiency and productivity of mining processes such as extraction and recovery of minerals from ores. Mining chemicals have across new opportunities due to decreasing grades of ores. MarketsandMarkets projects that the mining chemicals market size will grow from USD 6.02 billion in 2017 to USD 7.54 billion by 2022, at a CAGR of 4.60 %.

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On the basis of mineral type, the mining chemicals market is segmented into base metals, non-metallic minerals, precious metals, and rare earth metals. The base metals segment is projected to grow at the highest CAGR from 2017 to 2022. The high demand for mining chemicals in base metal processing is primarily attributed to the increasing complexity of ores and decreasing ore grades. The metals that have witnessed a constant rise in demand in the last few years include copper, aluminum, molybdenum, and tin. Copper has seen an increase in demand from key sectors such as electrical & electronics, automotive, industrial pipes & fittings, and others.

On the basis of product type, the market is segmented into grinding aids, flocculants, collectors, frothers, and solvent extractants. These chemicals are used to enhance the metal/mineral recovery rate from ores. The grinding aids segment accounted for the largest share in 2016 and is also projected to grow at the highest CAGR over the next five years. This can be attributed to the deteriorating quality of ores and the increasing utilization of mining chemicals for the passing of complex ores.

On the basis of application, the market is segmented into mineral processing, explosives & drilling, water & wastewater treatment, and others. The explosives & drilling segment accounted for the largest share in 2016 and is projected to grow at the highest CAGR during the next five years. The rising demand for deep-surface mining for the action of high-quality minerals is expected to contribute significantly to the growth of the explosives & drilling application.

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The Asia-Pacific mining chemicals market is projected to grow at the highest CAGR from 2017 to 2022. Countries such as China and India are expected to witness high growth in the mining chemicals market. The high demand for mining chemicals in the country can be credited to the continuous exploration and beneficiation of ores. Additionally, high foreign investments in China’s mining industry are expected to support the application for mining chemicals in the country.