Global mining chemicals market is projected to
witness development on account of lessening ore quality, which has bound metal
extraction companies to use flocculants, frothers, collectors, grinding aids
and solvent extract ants, The global mining chemicals market is expected to
grow at a compound annual growth rate (CAGR) of 6.48% and reach US$34.4 billion
by 2022 from $20.82 billion in 2014.
Application growth of metals in packaging and
construction, oil & gas industries in fast growth economies has increased
mining activities intended for extraction of copper, iron ore, zinc and silver.
Consequently, major mining companies such as BHP Billiton have increased their
funds in countries with high potential mineral reserves including Chile
(Copper), Peru (Silver) and South Africa (Platinum).
The global mining chemical market is segregated on
application types, product and region. Depending on the Applications type the
market is segmented into three types namely mineral Processing, explosives and
drilling and water and waste water treatment. Based On product mining chemical
market is divided into flotation collector Flocculants Solvent extract ants,
frothers, scale inhibitors, Crystal growth Modifiers and De-foamers. Geography
mining market is segmented into North America, Europe, Asia Pacific and Rest of
the World (ROW).
The global mining chemicals market is set to
increase, eventhough at varying growth Rates across different regions. North
America and Europe will see slower advancement (with a CAGR of 6.8% and 5.4%,
respectively, through 2022) as compared to the Asia-Pacific region and the rest
of the world (ROW),Which will see estimated CAGRs of 8.6% and 8.2%,
respectively, through 2022.
Major players in the mining market include Air
Product And chemicals, Akzonobel Arizona Chemical Co, Arrmazcustom Chemicals,
Arrmaz Gulf Chemicals, Ashland INC, Austin Powder Co, Basf Se, Clariant AG,
Cytec Industries INC.
For more information visit: http://www.marketresearchreports.com/stratistics-mrc/global-mining-chemicals-market-outlook-2014-2022
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