In terms of value, the global mining chemicals market was stood around US$ 25 Bn in 2018 and is anticipated to expand at a CAGR of more than 4% from 2019 to 2027
Mining chemicals used as grinding aids accounted for the largest share of the mining chemicals market in terms of volume with more than 29.0% share of total volume consumed in 2018. Mining chemicals used for collectors was the second largest product segment of mining chemicals followed by flocculants, frothers, solvent extractants and others.
The mining chemicals industry exhibits a moderate degree of forward integration as few of mining chemicals producers are also engaged in downstream activities. This forward integration gives these participants a distinctive competitive advantage in terms of better customer retention and market demand
Based on application, water & wastewater treatment was the major application of mining chemicals and accounted for more than 35% of the total mining chemicals market in 2018.It is projected to exhibit significant growth rate during the forecast period 2019 to 2027
Based on region, Asia Pacific held major share in 2018 and is expected to grow at significant rate of around 5% compared to other region between 2019 and 2027. Presence of large mining reserves especially in China compare to other countries across world is the major factor driving the demand for mining chemicals in Asia Pacific.
The mining chemicals market in North America and Europe is expected to exhibit moderate growth rate during the forecast period
Rise in industrialization and infrastructure development followed increasing complexity of ores and decreasing ore grades is the major factor that drives the market