Mining Chemicals Demand is Constantly Growing and Projected to Reach $30 billion by 2020, Despite Fall in Mining Commodities Prices
Friday 24 Jul 2015
Industry Experts has today introduced the new market research report on mining chemicals. The new report ‘Mining Chemicals – A Global Market Overview’ reveals that Asia-Pacific is estimated the largest market with US$7.8 billion in 2015 and also expected to be the fastest growing market with a robust CAGR of 7.6% during 2014-2020 while Latin America closely follows with a CAGR of 7% for the same period.
The processes involved in mining depend to a large extent on mining chemicals for improving productivity and efficiency. The global mining industry is confronting the challenge of low productivity as a consequence of depleting reserves of high quality ore grades, which has resulted in exploiting deposits that lie deeper in the earth’s crust. This procedure is marked by complex extraction processes that necessitate using advanced mining chemicals for providing assistance in extracting and processing ores of low quality. The complexity in extracting ore deposits of lower grade has led to the generation of an increasing demand for high quality chemical solutions.
Mining commodity prices have been witnessing a downward spiral in recent times, with investment cutbacks and increasing cost of production further compounding the issue. Situations such as these demand increasing mining productivity using prudent means. The requirement for superior quality and technologically advanced mining chemicals is also being dictated by high energy costs expended in deeper mining and processing methods. Demand for specialized chemicals has been growing due to the criticality of improving metal recovery from mining operations.
Worldwide market for mining chemical types explored in this study includes Collectors, Flocculants, Flotation Chemicals/Frothers, Grinding Aids, Solvent Extractants and Others. The report also discusses the application areas of mining chemicals comprising Explosives & Drilling, Mineral Processing, Water & Wastewater Treatment and Other Applications. The global markets for the above mentioned chemicals types and application areas are analyzed in terms of USD. Global market for mining chemicals, estimated at US$21.8 billion in 2015, forecast at US$23.2 billion in 2016 and further expected to maintain a CAGR of 6.6% between 2014 and 2020 to reach a projected US$30.1 billion by 2020.
The report reviews, analyses and projects the mining chemicals market for the period 2010-2020 globally and the regional markets including North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. The regional markets further analyzed for 14 independent countries across North America – The United States, Canada and Mexico; Europe – Germany, Spain, Russia and Ukraine; Asia-Pacific – Australia, China and India; Latin America – Argentina,Brazil and Chile; and Middle East & Africa – South Africa.
This 500 page global market research report includes 292 charts (includes a data table and graphical representation for each chart), supported with meaningful and easy to understand graphical presentation, of market numbers. This report profiles 42 key global players and 58 major players across North America – 31; Europe – 11; Asia-Pacific – 7; Latin America – 1, and Middle East & Africa – 8. The research also provides the listing of the companies engaged in manufacturing and supply of Mining Chemicals. The global list of companies covers the address, contact numbers and the website addresses of 60 companies.
Hyderabad, India based Industry Experts is a multi industry focused business information provider.
For more details, please visit http://industry-experts.com/verticals/chemicals-and-materials/mining-chemicals-a-global-market-overview