Albany, NY -- (SBWIRE) -- 06/16/2015 -- Environmental pollution due to mining has been one of the leading challenges faced by the global mining industry. Acid mine drainage is a severe pollution hazard that contaminates surrounding ground water, surface water, and soil. Tailings, also called mine dumps or leach residue, are the materials left after extracting the valuable fraction of the ore. Metals such as mercury, cadmium, arsenic, and various other radioactive materials are found in the tailings. Stringent environmental regulations for tailings management coupled with the growing demand for mining chemicals due to low quality of the ores is expected to push the growth of the global mining chemicals market. Economic growth in APAC region, which is contributing towards the increased demand for coal in the region is also expected to fuel the overall market.

However, the safer transportation of mining chemicals to the mine site is a complicated part of the product supply-chain. Around 20% in total mining chemicals costs can be attributed to logistics. This will negatively hamper the global mining chemicals market. Nevertheless, in the near future, increased investment in mining in Latin America and North Africa will create new opportunities for the global mining chemicals market.

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Grinding Aids Hold the Largest Share in Global Mining Chemicals Market

On the basis of product type, the global mining chemicals market has been segmented into collectors, solvent extractants, flocculants, grinding aids, frothers, and others including modifiers and defoamers. Grinding aids segment holds the largest share of the overall market, followed by collectors segment.

Depending upon the various applications of mining chemicals, the global mining chemicals market has been segmented into explosives and drilling, mineral processing, water and waste water treatment, and others including analysis and exploration. Owing to the stringent environmental regulations by authorities such as the EPA and the European Commission to reduce water pollution, water and waste water treatment has emerged as a major application segment of the overall market and is expected to grow significantly in the future.

More than 50% in Global Consumption was from Asia Pacific in 2012

Globally, the mining chemicals market has been divided into Asia Pacific, Europe, North America, and Rest of the World. In 2012, Asia Pacific and Europe dominated the overall market. Asia Pacific accounted for more than 50% in the global consumption of mining chemicals. Infrastructure development projects in Latin America, North Africa, and Asia Pacific is expected to boost the global mining chemicals market during the period between 2013 and 2019.

Key Players in Global Mining Chemicals Market

Some of the key players in the global mining chemicals market are BASF SE, Clariant AG, Nalco Company, and Dow Chemical Company.

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