In a recently published report, Global Mining Chemicals Market report for till 2030. The report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Mining Chemicals Market products.
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It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.
Global Mining Chemicals Market is valued at approximately USD 6.03 billion in 2017 and is anticipated to grow with at approx. 4.60 % over the forecast period 2018-2025. The advent of methyl isobutyl carbinol (MIBC) as a frother mainly for mineral flotation is considered as a key trend for the growth of the mining chemicals market over the forecast period. Additionally, the growing demand for minerals and other resources are also expected to supplement the growth of the market across the globe.
The rise of the market is backed owing to the growing mining activities along with the increasing investments on mining exploration. For Instance: according to the Brazilian Government in May 2017, the government has implemented a program named Investment Partnership Program with an aim to boost and supervise mining sector. Also, other investment opportunities include Eurasian resource Group’s $2.4 billion integrated iron ore mining and logistics projects. Similarly, in 2018, Chilean Copper Commission plans to invest $7.2 billion to support major mine projects owned by Mantos Copper, BHP, Teck, Codelco, Goldcorp and others. Thus, growing mining activities is expected to increase the demand for mining chemicals as these chemicals are used at the stage of processing the respective ores. As a result, the demand & adoption of mining chemicals would increase, contributing towards the market growth. Furthermore, growing importance of water management activities offers lucrative growth prospects for the mining chemical market. However, slow growth of mining industry in emerging economies acts as a key restraint for the mining chemical market during the forecast period.
On the basis of segmentation, the mining chemicals market is segmented into type, mineral type and application. The type segment of global mining chemicals market is classified into flocculants, frothers, solvent extractants and grinding aids of which frothers holds the leading position owing to the increasing demand for better quality of minerals. On the basis of mineral type segment, the market is classified into base metals, non-metallic minerals, precious metals and rare earth metals. Also, the application segment is bifurcated into explosives & drilling, mineral processing, water and wastewater treatment and others of which mineral processing dominates the market due to rising demand for minerals.
The regional analysis of mining chemicals market is considered for the key regions such as North America, Europe, Asia Pacific, Latin America and ROW. Asia-Pacific dominates the mining chemicals market headed by China since the country is largest producer of minerals. Whereas, Asia Pacific is anticipated to emerge as the fastest growing market region during the forecast period 2018-2025 owing to growing number of mining activities along with the increasing investments on mining exploration. However, India and Australia are considered as lucrative countries in Asia-Pacific over the -forecast period of 2018-2025.
The leading market players include-
ï‚§ BASF SE
ï‚§ Clariant AG
ï‚§ Cytec Industries Inc.
ï‚§ Kemira Oyj
ï‚§ The DOW Chemical Company
ï‚§ Huntsman Corporation
ï‚§ Orica Limited
ï‚§ Arrmaz Products L.P.
ï‚§ Snf Floerger Sas
ï‚§ Chevron Phillips Chemical Company, LP
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
ï‚§ Solvent extractants
ï‚§ Grinding aids
By Mineral Type
ï‚§ Base Metals
ï‚§ Non-metallic minerals
ï‚§ Precious metals
ï‚§ Rare earth metals
ï‚§ Explosives & drilling
ï‚§ Mineral processing
ï‚§ Water and wastewater treatment
ï‚§ North America
ï‚§ Asia Pacific
o Middle East & Africa
Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025
Target Audience of the Global Mining Chemicals Market in Market Study:
ï‚§ Key Consulting Companies & Advisors
ï‚§ Large, medium-sized, and small enterprises
ï‚§ Venture capitalists
ï‚§ Value-Added Resellers (VARs)
ï‚§ Third-party knowledge providers
ï‚§ Investment bankers
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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys & Opportunity Outlook
- Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
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