The global mining
chemicals market size is projected to reach at USD 38.01 billion
by 2024, according to a new report by Grand View Research, Inc., progressing at
a CAGR of 6.4% during the forecast period. Increasing mining activities in
various regions are likely to drive the market over the forecast period.
Raw material supply is a crucial part of the mining
industry. Raw materials used in the production of mining chemicals are
hazardous and are, therefore, delivered in ISO standard containers only. This
results in an increase in the raw material prices, which in turn is expected to
affect final product price.
Increase in demand for minerals with high purity is
poised to be one of the key factors augmenting the market. Degradation of the
quality of ore has boosted the reliance on effective and efficient methods.
Solvent extraction technology is one of the key technologies used for effective
and efficient extraction.
Regulations regarding recycling of wastewater are
anticipated to increase waste water treatment activities across the globe.
These regulations are compelling industries to decrease the water waste
discharge, which is expected to increase the utilization of mining chemicals
over the forecast period. The U.S. government has framed regulations such as
National Environmental Policy Act and Clean Water Act to restrict the discharge
of toxic substances in water and promotion of water treatment systems.
Browse full research report on Mining Chemicals Market: https://www.grandviewresearch.com/industry-analysis/mining-chemicals-market
Further
Key Findings from the Report Suggest:
- Frothers are estimated to register a CAGR of 6.0% from 2016 to 2024
owning to surging demand for better quality of minerals
- Flocculants are expected to post a CAGR of 6.5% during the forecast
period. Water recycled through flocculants reduces the operating and
equipment maintenance cost, which in turn is estimated to fuel demand for
flocculants over the same period.
- The mineral processing application segment is projected to expand
at a CAGR of 6.2% over the forecast period owning to increasing demand for
minerals
- Asia Pacific is likely to exhibit a CAGR of 7.2% during the same
period due to growing mining activities in China
- China dominated the Asia Pacific region with a share of 83.9% in
the market in 2015. China is one of the largest producers of the coal,
gold, and rare earth metals.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/oil-and-gas-drilling-and-extraction-equipments
Grand
View Research has segmented the global mining chemicals market report on the
basis of product, application, and region:
Mining
Chemicals Product Outlook (Revenue, USD Million, 2013 - 2024)
- Frothers
- Flocculants
- Collectors
- Solvent
Extractants
- Grinding Aids
- Others
Mining
Chemicals Application Outlook (Revenue, USD Million, 2013 - 2024)
- Mineral
processing
- Explosives
& drilling
- Water &
wastewater treatment
- Others
Mining
Chemicals Regional Outlook (Revenue, USD Million, 2013 - 2024)
- North America
- U.S.
- Europe
- Russia
- Asia Pacific
- China
- Central &
South America
- Brazil
- Middle East
& Africa
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
For more information: www.grandviewresearch.com
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