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Mining chemicals are widely used across mining industries for various process such as wastewater treatment, minerals processes, and drilling water. They are used to extract metal such as copper, platinum, and gold. Mining chemicals are broadly classified into collectors, frothers, grinding aids, flocculants, and solvent extractants.

Global mining chemicals market was valued at US$ 31002.0 Million in 2021 in terms of revenue, exhibiting a CAGR of 5.8% during the forecast period (2022 to 2030).

Drivers

Growing production of cement is creating demand for grinding aids. Grinding aids are extensively used in the manufacturing of limestone.  Growth in the construction industry across the developing region is fuelling demand for cement. Grinding aids reduce the cost of the energy associated with the grinding process. Hence, the increase in cement production is projected to propel the market growth of the mining chemicals.

Increasing strict rules and regulations associated with the tailing management that deals with the waste generated from mining the industry is projected to fuel the market growth. The large volume of waste is generated when minerals are extracted from mines, for treating this waste tailing management has become an important activity in order to protect the environment and promote the sustainability of the environment.

Coronavirus is expected to have a significant impact on the mining sector as due to the pandemic situation the mining activities across the globe have come down to a grinding halt. Moreover, due to the lack of demand from end-use sector mine developer operators and mineral operators are expected to face significant challenges. Thus, affecting the growth of mining chemical market.

Figure 1. Global Mining Chemicals Market Value Share (%), By Region, 2021

Mining Chemicals  | Coherent Market Insights

Market Restraints

Transportation and logistics of mining chemicals is one of the crucial factor hindering the market growth. The cost of transportation and logistic of mining chemicals is little high which create pressure on the manufacturer of mining chemical to deliver products efficiently and in proper condition.

The market of mining industry is witnessing slow growth in the developed region such as North America and Europe. This condition is expected to remain the same over the coming few years. This factor is restricting the market growth of mining chemicals.

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Mining Chemicals Market Report Coverage

Report Coverage Details
Base Year: 2021 Market Size in 2021: US$ 31002.0 Mn
Historical Data for: 2017-2020 Estimated Year: 2022
Forecast Period 2022 to 2030 CAGR: 5.8% Forecast Period: 2022-2030
Geographies covered:
  • By Product Type: Frothers, Flocculants, Collectors, Solvent Extractant, Grinding aids, Others
  • By Application: Mineral Processing, Explosives & Drilling, Water & Waste Treatment, Others
Segments covered:
  • Region: North America, Latin America, Europe, Asia Pacific, Middle East & Africa
Companies covered:

Ashland Inc., BASF SE, The Dow Chemical Company, Chevron Phillips Chemicals Company LP, Clariant AG, Cytec Industries, Nalco Company, Air Products and Chemicals, Inc., and AkzoNobel Performance Additives

Growth Drivers:
  • Growth in the construction industry across the developing region
  • Increasing strict rules and regulations associated with the waste generated from mining the industry 
Restraints & Challenges:
  • Transportation and logistics of mining chemicals 

Market Trends

Rising distribution agreement among key manufacturers for expanding the supply chain process is one of the key trends in the market. For instance, in May 2019, BASF entered an exclusive agreement with Quadra Chemicals Ltd., to present its mining solutions portfolio of products in Canada and Alaska. The goal of this agreement is to streamline the supply of the mining chemicals efficiently to current and future customers.

Recycling of wastewater is a growing trend due to which key manufacturers are introducing flocculants chemicals for treating wastewater. Increasing water pollution coupled with the growing environmental concern is creating a need for wastewater treatment which is further augmenting the market growth of the mining chemicals over the forecast period.

Figure 2. Global Mining Chemicals Market Value Share (%), By Product Type, 2021

Mining Chemicals  | Coherent Market Insights

On the basis of product type in 2021, the grinding aids segment has accounted the largest market share of 27.4% in terms of value, followed by collectors and flocculants segments respectively.

Recent Developments

  • In September 2021, Clariant opened a new technical facility in Brazil exclusively dedicated to developing solutions for tailings management. Clariant’s new Competence Center for Tailings Treatment will develop mining chemicals and technologies to support the industry’s efforts from the heart of Brazil’s mining hub.
  • In September 2020, Omnia Holdings, a chemical manufacturing company, announced that its Protea Mining Chemicals division had become a global pioneer for developing a solution that helps cobalt and copper mines reduce product contamination and maximize output in the solvent extraction process
  • In August 10, 2020, BASF, a German multinational chemical company invested in IntelliSense.io, an AI company and leading supplier of AI-based solutions for the worldwide mining sector in IntelliSense.io.

Competitive Section

Major players functioning in the global mining chemicals market includes Ashland Inc., BASF SE, The Dow Chemical Company, Chevron Phillips Chemicals Company LP, Clariant AG, Cytec Industries, Nalco Company, Air Products and Chemicals, Inc., and AkzoNobel Performance Additives

Mining chemicals are widely used across mining industries for various process such as wastewater treatment, minerals processes, and drilling water. They are used to extract metal such as copper, platinum, and gold. Mining chemicals are broadly classified into collectors, frothers, grinding aids, flocculants, and solvent extractants.

Market Dynamics

Mining chemicals are employed in the mining and mineral processing industries to attain maximum efficiency through improved selectivity, and higher recovery. This, along with the growing need to control greenhouse gas (GHG) emissions and air pollution and the increasing requirement for environmental and health protection in the industry, is positively influencing the sales of mining chemicals across the globe. Some of the other considerable factors are rapid industrialization, rising expenditure on infrastructure projects, such as the construction of railways, roads, and highways, and increasing demand for gold, copper, and platinum around the world, are anticipated to strengthen the market growth.

Increasing strict rules and regulations associated with the tailing management that deals with the waste generated from mining the industry is projected to fuel the market growth. The large volume of waste is generated when minerals are extracted from mines, for treating this waste tailing management has become an important activity in order to protect the environment and promote the sustainability of the environment.

Key features of the study:

  • This report provides an in-depth analysis of global mining chemicals market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022-2030), considering 2021 as the base year.
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global mining chemicals market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Ashland Inc., BASF SE, The Dow Chemical Company, Chevron Phillips Chemicals Company LP, Clariant AG, Cytec Industries, Nalco Company, Air Products and Chemicals, Inc., and AkzoNobel Performance Additives
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
  • The global mining chemicals market report caters to various stakeholders in this industry including investors, suppliers, sodium hypochlorite manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global mining chemicals market

Detailed Segmentation:

  • Global Mining Chemicals Market, By Product Type:
    • Frothers
    • Flocculants
    • Collectors
    • Solvent Extractant
    • Grinding Aids
    • Others
  • Global Mining Chemicals Market, By Application:
    • Minerals Processing
    • Explosives & Drilling
    • Water and Waste Treatments
    • Others
  •  Global Mining Chemicals Market, By Region:
    • North America
      • U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • India
      • Japan
      • ASEAN
      • Australia
      • South Korea
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Rest of Latin America
    •  Middle East & Africa
      • Middle East
      • Africa
  • Company Profiles
    • Ashland Inc.*
      • Company Overview
      • Material Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • BASF SE
    • The Dow Chemical Company
    • Chevron Phillips Chemicals Company LP
    • Clariant AG
    • Cytec Industries
    • Nalco Company
    • Air Products and Chemicals, Inc.
    • AkzoNobel Performance Additives

 “*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

Global mining chemicals market was valued at around US$ 31002.0 Million in 2021.
Increasing strict rules and regulations associated with the tailing management that deals with the waste generated from mining the industry is projected to fuel the market. 
Recycling of wastewater is a growing trend due to which key manufacturers are introducing flocculants chemicals for treating wastewater. 
Transportation and logistics of mining chemicals is one of the crucial factor hindering the market. The cost of transportation and logistic of mining chemicals is little high which create pressure on the manufacturer of mining chemical to deliver products efficiently and in proper condition
Major players functioning in the market includes Ashland Inc., BASF SE, The Dow Chemical Company, Chevron Phillips Chemicals Company LP, Clariant AG, Cytec Industries, Nalco Company, Air Products and Chemicals, Inc., and AkzoNobel Performance Additives
Global mining chemicals market is estimated to grow at around 5.8 % CAGR in the forecast period (2022-2030).

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