Mining Chemicals Market Size Worth $18.13 Billion by 2030: Grand View Research, Inc.

SAN FRANCISCO, June 7, 2022 /PRNewswire/ — The Global mining chemicals market should reach $18.13 billion by 2030, registering a CAGR of 6.7% over the forecast period, according to the new report from Grand View Research, Inc. The growth is mainly due to factors such as increasing demand for minerals, l increase in water extraction and treatment activities.

The penetration of the product in explosives and drilling applications is considerable due to an increase in mining activities across the globe. Africa has an abundance of natural resources such as gold, diamond, phosphate, copper, iron ore and many more. Explosives and drilling methods are used to extract minerals from deep within the earth. Rising mining activities are expected to drive the product growth globally over the forecast period.

Key industry insights and findings from the report:

  • Asia Pacific The region has experienced the fastest growth rate of 7.4% in terms of revenue from 2022 to 2030. This is attributable to the increase in mining activities in major economies such as India and China.
  • Iron ore is expected to grow at a faster growth rate of 7.0% in terms of revenue from 2022 to 2030. The demand for high-grade iron ore is expected to increase during the forecast period owing to demand growing iron ore with fewer impurities from the steel industry.
  • Gold ore is expected to experience a faster growth rate of 6.7% after iron ore in terms of revenue from 2022 to 2030, due to its use in different applications including medicine, water, printing paper and making colors for painting.
  • Explosives & Drilling accounted for the highest share of around 35.4% of the total market volume in 2021. This high share is attributed to the growing demand for minerals and lead metals as Explosives & Drilling are major operations used in surface mining.
  • Regulatory compliance is a major concern for market players. Sustainable production and distribution of products while meeting the standards required by the European Commission and EPA is a key responsibility for every manufacturer.

Get more industry insights from a 153-page market research report,”Mining Chemicals Market Size, Share and Trends Analysis Report by Ore Type (Gold Powder, Iron, Copper), by Application (Mineral Processing, Explosives and Drilling), by Region and Forecast segment, 2022-2030“, published by Grand View Research.

Mining Chemicals Market Growth and Trends

Rising demand for different minerals, especially gold across all regions, has led to increase in mining activities and hence is expected to drive the market for the product over the forecast period. The demand for gold increases every year in India, ChinaUnited States, Saudi Arabiathe bucket, Turkey, Russiaand Egypt being its main consumers. Gold is mainly used for making jewelry. From 2020, India and China together account for 57% of total gold consumption in the world.

Increase foreign investment in emerging countries in Asia Pacificincluding India and Chinacontributed to the growth of the market in the region. India has an abundance of natural reserves of coal, bauxite, titanium, diamond and limestone. The growing mineral mining and processing activities in the country are expected to boost the use of mining chemicals in the region during the forecast period.

Leading manufacturers in the industry are focusing on expanding the production of their major product portfolios, including high-grade mining chemicals, to gain higher market shares. The invention of new technological and chemical advances has led to the development of environmentally friendly products, which use sustainable manufacturing processes for production. Arkema, Sasol and BASE SE are among the market players that supply raw materials for the production of sustainable products.

Mining Chemicals Market Segmentation

Grand View Research has segmented the Global Mining Chemicals market report on the basis of ore type, application, and region:

Ore Type Outlook (Revenue, USD Million; Volume, Kilotons, 2018 – 2030)

  • Type of powdered gold ore
    • collectors
    • Coatings
    • Flocculants
    • Grinding aids
    • Extraction solvents
    • Dust absorbers
    • Defoamer
    • Antiscale
    • Biocides
    • Lubricants
    • Foamers
    • Others
  • Type of iron ore
    • collectors
    • Coatings
    • Flocculants
    • Grinding aids
    • Extraction solvents
    • Dust absorbers
    • Defoamer
    • Antiscale
    • Biocides
    • Lubricants
    • Foamers
    • Others
  • Type of copper ore
    • collectors
    • Coatings
    • Flocculants
    • Grinding Aids
    • Extraction solvents
    • Dust absorbers
    • Defoamer
    • Antiscale
    • Biocides
    • Lubricants
    • Foamers
    • Others
  • Type of phosphate ore
    • collectors
    • Coatings
    • Flocculants
    • Grinding aids
    • Extraction solvents
    • Dust absorbers
    • Defoamer
    • Antiscale
    • Biocides
    • Lubricants
    • Foamers
    • Others
  • Other types of ore
    • collectors
    • Coatings
    • Flocculants
    • Grinding aids
    • Extraction solvents
    • Dust absorbers
    • Defoamer
    • Antiscale
    • Biocides
    • Lubricants
    • Foamers
    • Others

Application Outlook (Revenue, USD Million; Volume, Kilotons, 2018 – 2030)

  • Mineral processing
  • Explosives and drilling
  • Water treatment
  • Others

Regional Outlook (Revenue, USD Thousand; Volume, Kilotons, 2018 – 2030)

  • North America
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
  • Central & South America
    • Brazil
    • Peru
    • Chile
    • Colombia
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Ghana
    • Morocco
    • ground floor
    • Zambia
    • Zimbabwe
    • Tanzania
    • mali
    • Ivory Coast
    • Sudan

List of Mining Chemicals Market Key Players

  • AECI Mining Chemicals
  • BASF SE
  • Ashland
  • Dow
  • Kimleigh Chemicals SA (Pty) Ltd (PTY) LTD
  • Cytec Solvay Group
  • Arkema
  • Clariant
  • Nowata
  • Kemira
  • Shell Chemicals
  • Quaker Chemical Corporation
  • Akzo Nobel SA
  • Solénis
  • sasol

Check out other related studies published by Grand View Research:

  • Dolomites mining market The global dolomite mining market size is expected to reach $2.33 billion by 2027, expanding at a CAGR of 3.8% from 2020 to 2027, according to a new report from Grand View Research, Inc. Rising public and private spending on transport infrastructure development in emerging economies of Asia Pacific is the main driver of the industry.
  • Africa mining chemicals market The Africa Mining Chemicals Market Size is Expected to Reach $960.97 million by 2028, according to a new report by Grand View Research, Inc. It is expected to grow at a CAGR of 5.6% from 2021 to 2028. Factors such as growing demand for minerals, increasing mining activities and water treatment are likely to fuel the market growth during the forecast period.
  • mining equipment market The size of the global mining equipment market is expected to reach $368.99 billion by 2027, posting a CAGR of 12.7% over the forecast period, according to a new report from Grand View Research. The growing trend of investments in renewable energy facilities and deployment of innovative technologies are some of the major factors driving the market.

Browse Grand View Research results Drilling and mining equipment industry Research reports.

About Grand View Research

Grand View Research, a US-based market research and consulting firm, provides syndicated and custom research reports and consulting services. Checked in California and whose head office is at San Francisco, the company has more than 425 analysts and consultants, adding more than 1,200 market research reports to its extensive database each year. These reports offer in-depth analysis of 46 industries in 25 major countries around the world. Using an interactive market intelligence platform, Grand View Research helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and assess upcoming opportunities.

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