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.
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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: