Global Mining Chemicals Market is estimated to be valued at US$ 31002.0 Million in 2021, according to the Global Mining Chemical Market Report, by Product Type (Frothers, Flocculants, Collectors, Solvent Extractant, Grinding Aids, and Others), by Application (Mineral Processing, Explosives & Drilling, Water & Waste Treatment and Others), and by Region (North America, Europe, Asia-pacific, Latin America, Middle East & Africa), published by Coherent Market Insights.  

Global mining chemicals was valued at US$ 31002.0 Million in 2021 and is expected to register a CAGR of 5.8 % over the forecast period (2022–2030), to reach US$ 57323.0 Million by 2030.

Mining chemicals are chemicals that finds a broad range of applications in the mining industry. Explosives & drilling, wastewater treatment, and mineral processing are some of the major applications where mining chemicals are widely used. Mining chemicals are beneficial in improving the productivity and efficiency of the mining processes.

To know the latest trends and insights prevalent in this market, click the link below:

https://www.coherentmarketinsights.com/market-insight/mining-chemicals-market-4121

Browse 50 market data tables* and 40 figures* on "Global Mining Chemicals Market” - Forecast to 2030.

Key Trends and Analysis of the Global Mining Chemicals Market:

The growing trend of wearing jewelry as a fashion statement is fueling demand for precious metals such as gold, silver, and platinum. Mining chemicals are widely used to extract such precious metals. Growing demand for jewelry is increasing mining activities across the emerging region, which is further escalating demand for mining chemicals. This factor is expected to foster the market growth of the mining chemicals over the forecast period.

The growing importance of frothers in mineral flotation application is projected to act as a catalyst in driving the market growth of the mining chemical. Shifting focus towards the recovery of high-quality minerals coupled with the growing extraction of rare earth metal for emerging applications is also expected to propel the market growth of the mining chemicals.

Key Takeaways of the Global Mining Chemicals Market:

  • Asia Pacific region dominated the global mining chemicals market in 2021, accounting for 48.3% share in terms of value, followed by North America and Europe, respectively.
  • Grinding aids segment dominated the global mining chemicals market in 2021, accounting for 27.4% share in terms of value, followed by collectors and flocculants respectively.
  • Asia Pacific region dominated the market with a revenue share of 48.30% in 2021. This high share is attributed to growing mineral processing activities in the countries including India, China, and others which are projected to promote the utilization of the mining chemicals in the region over the forecast period. China has a large number of mines, which are going through improvements such as setting up new sewage treatment plants and the development of sewage and wastewater treatment plants. Increasing foreign investments in emerging countries of Asia Pacific, including India and China, have contributed to the growth of the market in the region.
  • New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities for the mining chemicals are key strategies adopted by players in the global mining chemicals market. For instance, in September 2021, Clariant, a Swiss multinational specialty chemicals company opened a new technical facility in Brazil exclusively dedicated for 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 of Brazil’s mining hub.

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