Transparency Market Research has published a new research report titled “Mining Chemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 – 2019” to their report store.
Albany, NY -- (SBWIRE) -- 11/03/2016 -- The competitive rivalry in the global mining chemicals market is significantly high due to the presence of several leading companies, states Transparency Market Research (TMR) in a new research report. To meet the demand arising from several end-use industries, manufacturers are focusing on capacity expansion of their respective production facilities. Some of the leading participants in the global mining chemicals market are The Dow Chemical Company, SNF FloMin, Chevron Phillips Chemical Company, Cytec Industries, Clariant AG, and BASF SE. The mining chemical industry is likely to exhibit moderate forward integration as several mining chemical companies are also involved in downstream activities.
The global mining chemicals market is projected to exhibit a 6.6% CAGR between 2013 and 2019. In 2012, the market stood at a valuation of US$18,000.9 mn and is projected to touch US$28,130.8 mn by the end of 2019. In terms of application, the water and wastewater treatment segment emerged dominant and accounted for a share of approximately 40% in 2012. The consumption of mining chemicals has extensively increased in the water and wastewater treatment segment due to the implementation of various laws and regulations across the globe to control the harmful effects of mining on the environment.
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Based on product, the market is classified into frothers, flocculants, collectors, solvent extracts, and grinding aids. Amidst these, grinding held the leading share of approximately 29% in 2012 in the global mining chemicals market. Mining chemicals which is used for collectors emerged as the second leading segment after grinding.
Asia Pacific to Lead in terms of Consumption of Mining Chemicals
Based on geography, the global mining chemicals market is segmented into the Rest of the World, North America, Europe, and Asia Pacific. Europe and Asia Pacific emerged as the key markets for mining chemicals in 2012. Asia Pacific led the global mining chemicals market with a share of approximately 50% in 2012. The growth of the mining chemicals market in Asia Pacific can be attributed to the production unit expansion by leading manufacturers to increase production and circulation in the region. Countries in regions such as the Middle East and North Africa, Latin America, and Asia Pacific are investing in numerous infrastructure projects, thus boosting the demand for mining chemicals in these regions.
Investment in Mining Projects to Accelerate Sales of Mining Chemicals
"Regions such as South America and Asia Pacific are focusing on improving their existing mining infrastructure and are also investing in new mining projects for economic development," says a TMR analyst. Owing to the decreasing grades of ores of various mines across the globe, the demand for mining chemicals has intensified. Due to the decreasing ore grades, mining companies have been compelled to increase mineral processing activities to extract minerals in a viable way. The demand for mining chemicals also rises with the shifting consumption trends and economic development of regions. The flourishing mining industries in Eastern Europe and Africa are expected to provide manufacturers with new opportunities to gain from.
Complexities Associated With Logistics to Inhibit Market Growth
Factors such as complexities involved with logistics and transportation are anticipated to hamper the growth of the global mining chemicals market. At times, producers and mines from where they extract ore are located far apart. As a result of this, the process of transporting ores and minerals to the desired place takes time, hence delaying the sales of mining chemicals. Moreover, economic downturn in emerging economies is further expected to hinder the growth of the global mining chemicals market.
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This review is based on a Transparency Market Research report, titled, "Mining Chemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013-2019."
Mining Chemicals Market – Product Segment Analysis
-Others (Modifiers, defoamers, etc.)
Mining Chemicals Market – Application Segment Analysis
-Explosives and drilling
-Water and Wastewater treatment
-Others (Exploration, analysis, etc.)
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