Overview of Mining Chemical Market
Market Synopsis:
Mining chemicals improve the productivity and efficiency of mining processes. These types of chemicals are largely used in the blasting & drilling, mineral processing, and water & waste treatment. Moreover, they are normally used in the extraction of metals and minerals including copper, gold, molybdenum, nickel, iron, cobalt, alumina, and other different industrial minerals such as bauxite, chromite, cobalt, manganese, and quartz. Additionally, the consumption of mining chemicals has been increasing considerably as they allow higher productivity and good quality yield in the mining industry. Various raw materials such as cyanide, sulfuric acid, nitric acid, uranium, mercury, and lead are used in the manufacturing of mining chemicals. These chemicals are toxic and harmful to human beings and the environment.
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Factors Influencing the Market Scenario:I
ncreasing industrialization and infrastructure development are the elements responsible for driving the market. Growing demand for mining chemicals is majorly attributed to increasing complexity of ores and decreasing ore grades, which is again propelling the growth of the market. Moreover, the other factors boosting the market include lower mineral concentration, investment in mining projects in the Asia Pacific and South America, and consolidation of the mining industry. Additionally, there are various opportunities that can strengthen the growth of market includes increasing mining sector in Africa and Eastern Europe and growing importance of water management activities in Asia Pacific region. However, slow growth of mining industry in developed economies can restrain the growth of the market. Furthermore, the market undergoes various challenges such as environmental impact of mining chemicals and development of ore-specific mining chemicals.
Regional analysis:
On the basis of geographical overview, the market is majorly divided into four regions such as North America, Europe, Asia-Pacific (APAC), and Latin America, Middle East & Africa (LAMEA). North America is boosting the market owing to various technological developments and U. S is considered as one of the top coal-producing countries. Asia Pacific region holds the largest share; countries such as China and Japan are expected to witness a high growth due to rapid economic expansion. Europe is predicted to drive the market due to the well-developed infrastructure and government support.
According to the Statistics Portal, it is estimated that China and the United States are the top coal-producing countries. Iron ore mining is also dominated by China, with Australia in second place. Thus, China is becoming the top mining country for many suppliers, especially for the highly demanded rare earth, of which China produced over 83 percent of the global production in 2016. Moreover, China is the world’s leading country in the mine production of gold. Additionally, the relevance increases more whenever mining includes the extraction of oil and gas, and support activities for mining, as some sources do. The total U.S. mining gross output in 2015 amounted to 449 billion U.S. dollars, a prominent decrease from the gross output in the previous year. In the same year, the whole sector employed around 748 thousand people.
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Key Players:
The global mining chemical market comprises of some of the major players such as NASACO Int., Beijing Hengju, SNF FloMin, Cheminova A/S, AkzoNobel Performance Additives, Air Products and Chemicals Inc., Nalco Co., Cytec Industries, Clariant AG, Chevron Phillips Chemical Co. LP, The Dow Chemical Co., BASF SE, and Ashland Inc.
For instance, in April 2017, BASF increased prices by 3 to 6% for flocculants for the mining industry with instant effect as contracts allow, depending on products and delivery locations.
Recent Development:
For instance, in May 2018, there has been a ban on small-scale mining in Ghana, which increased the difficulties involved in countering illegal mining, likely seeing the practice remained widespread.
Moreover, in May 2018, SANTIAGO CITY, Isabela: Residents, mainly members of the Dumagat tribe, have expressed worry over mining operations in Dinapigue town which has caused a fish kill in the rivers thus affecting their livelihood.
Mining Chemical Market Segmentation
By Product Type:
• Frothers
• Flocculants
• Collectors
• Solvent extractants
• Grinding aids
By Mineral Type:
• Base metals
• Non-metallic minerals
• Precious metals
• Rare earth metals
By Application:
• Mineral processing
• Explosives & drilling
• Water & wastewater treatment
• Others
Regions Covered:
North America
- U.S.
- Canada
- Mexico
Europe
- UK
- Germany
- France
- Italy
- Spain
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
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