Mining chemicals are used in several mining processes to improve the production and efficiency. The revenue generated by the Global Mining chemical market is expected to increase from $6056 million in 2016 and reach $8853 million by 2025, rising at a CAGR of 4.41% over the forecast period of 2017-2025.
The global mining chemical market is segmented on the basis of applications and products. The application segment is further sub-segmented into the water and waste treatment, mineral processing, blasting and drilling and other applications. Blasting and drilling sub-segment has gained significant momentum over the years. The product segment, on the other hand, is further classified into flocculants, grinding aids, solvent extractants, sulfide collectors, emulsifiers, frothers and others. Currently, the grinding aids product type is most popular in the market.
Geographically, the global mining chemical market is sub-segmented into Asia-Pacific, Europe, North America and rest of world. Of all these regional markets, Asia-Pacific is expected to become a dominant market by the end of the forecast period. The region is experiencing large-scale investments in its mining sectors. Also, the costs of labor and raw materials are quite cheap here as compared to other regional markets.
AECI, AkzoNobel N.V, Air Products And Chemicals Inc, Arizona Chemical Company, Beijing Hengju, BASF, Chevron Phillips Chemical, Cytec Solvay Group, Clariant, Dupont, F. Nalco Company, ExxonMobil, Huntsman Corporation, Orica, Nasco International, SQM, and The Dow Chemical Company are some of the major players in the global mining chemicals market.