USD 622.87 million
Africa Mining Chemicals Market Size, Share, Growth Analysis, By Ore Type(Powder Gold, Iron Ore, Copper, Phosphate), By Application(Mineral Processing, Explosives & Drilling, Water Treatment, Others), By Region - Industry Forecast 2025-2032
Report ID:
SQMIR15A2436 |
Region:
Regional |
Published Date: February, 2024
Pages:
157
|Tables:
69
|Figures:
75
Africa Mining Chemicals Market Insights
Africa Mining Chemicals Market size was valued at USD 0 Million in 2023 and is poised to grow from USD 0 Million in 2024 to USD 0 Million by 2032, growing at a CAGR of 5.6% during the forecast period (2025-2032).
The market is anticipated to grow during the forecast period due to factors such increasing mining production and a rise in water treatment operations. In the upcoming years, it is expected that the demand for the product will be affected by extraction of ore types such gold, copper, and phosphate.
The African mining chemical market is characterized by the presence of numerous global manufacturing giants and local players who consistently attempt to enhance their entire business portfolio, from product development to marketing. Throughout the last decade, there have been significant changes in the business, along with an increase in wastewater activities around the continent. To maintain consistency in their production processes and remove the risk of uncertainty in terms of product availability and sourcing, many end-use application manufacturers have even teamed up with the manufacturers.
Raw materials like uranium, sulfuric acid, lead, nitric acid, mercury, and cyanide are utilized to make mining chemicals. In the industry, the process of leaching, which extracts gold and silver from their respective ores, uses cyanide. Sulfuric acid is produced using the wet method, the contact process, and the lead chamber process. The DRC, Zambia, South Africa, and Namibia constitute a few of Africa's top sulfuric acid producers. Tanzania is the only country in Africa with the capacity to produce sulfuric acid.
Market snapshot - 2023-2030
Global Market Size
Largest Segment
Mineral Processing
Fastest Growth
Mineral Processing
Growth Rate
5.6% CAGR
Africa Mining Chemicals Market 2022-2030 ($ Bn)
Country Share for Southern Africa Region- 2022 (%)
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Africa Mining Chemicals Market Segmental Analysis
Africa Mining Chemicals Market is segmented based on Ore Type, Application and region. Based on Ore Type the market is segmented into Powder Gold
(Collectors, Coatings, Flocculants, Grinding Aids, Solvent Extractants, Dust Suppressants, Defoamers, Antiscalants, Biocides, Lubricants, Frothers.) Iron Ore, Copper, Phosphate, Others. Based on Application the market is segmented into Mineral Processing, Explosives & Drilling, Water Treatment, Others. Based on region the Africa Mining Chemicals Market is segmented into North Africa, West Africa, East Africa, Central Africa, and Southern Africa.
Analysis by Ore Type
In 2021, the other market segment held a dominating revenue share of more than 65.0%. In terms of revenue share in 2020, the iron ore segment came in second. This is addressed by the steel industry's increasing use of iron ore with fewer impurities. In mining projects, iron ore reduces water use and increases resource efficiency. During the duration of the forecast period, the market is projected to expand as a result of the growing demand for iron ore in various end-use industries, such as wastewater and petroleum.
In a bid to improve the efficacy of cement, phosphate grinding aids are also successfully used in the cement industry. They increase the fineness while lowering the overall manufacturing expenses. With growing demand from the global cement industry and the expansion of phosphate mining activities in South Africa and Morocco, the demand for phosphate is anticipated to rise.
Analysis by Application
In 2021, the drilling and explosives application category dominated the market with a revenue share of more than 35.0%. This is due to the increased usage of mining chemicals in opencast mining operations. Due to the growing demand for minerals and metals, it is anticipated that demand for mineral extraction will increase over the coming years. This is anticipated to accelerate the growth of the African market during the forecast period.
According to a World Bank report, the demand for metals and minerals such as zinc, steel, silver, aluminum, copper, lead, lithium, manganese, nickel, silver, indium, molybdenum, and neodymium is likely to increase due to the growing importance of minerals and metals for a low-carbon future and green energy technologies that are required to achieve environmental sustainability.
Africa Mining Chemicals Market By Application 2022 (%)
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Africa Mining Chemicals Market Regional Insights
In 2021, South Africa had a revenue share of about 24.0%, dominating the market. This is due to the nation's significant mining operations and its larger mineral resource base, which includes minerals like gold, diamonds, platinum, iron ore, coal, titanium, vanadium, chrome, and some other less valued ones. Around 61% of the overall revenue in the mining sector came from sources outside of the country in 2020. According to Trading Economics, South Africa will sell steel and iron ore to China in 2021 for a total of approximately USD 962.56 million. The increased demand for iron ore is projected to boost South Africa's need for mining chemicals.
The increase in phosphate demand is driving the product's demand in Morocco. The world's largest producer of phosphate is Morocco. In addition to phosphate, the nation is also rich in underexplored rare minerals like cobalt, copper, iron ore, manganese, silver, gold, and uranium. The government has introduced the National Plan for Mining Sector Development, which intends to triple the sector's revenue by 2028 by giving exploration and exploitation permits to international firms. The government is concentrating on diversifying its mining sectors by collecting untapped minerals. Hence, it is anticipated that the country's increasing mining activities will increase product demand.
Africa Mining Chemicals Market By Geography, 2022-2030
- Largest
- Fastest
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Africa Mining Chemicals Market Dynamics
Drivers
Increasing Demand for Metals and Minerals to Bolster Market Growth
- The rising demand for metals and minerals from various industries, such as construction, automotive, and electronics, is driving the growth of the African mining chemicals market.
Restraints
Lack of Infrastructure to Hinder Market Growth
- The lack of adequate infrastructure, such as transportation and power, can hinder the growth of the African mining industry, which in turn can impact the growth of the mining chemicals market.
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Africa Mining Chemicals Market Competitive Landscape
The African mining chemical industry is highly competitive as a result of the existence of various international corporations that are actively involved in R&D as well as local businesses. Due to their extensive product portfolios targeted on specific applications and great global brand awareness, businesses like BASF SE, Ashland, Sasol, and Dow dominate the market.
In order to increase their market share in Africa, some local players have entered into agreements with distributors, while the majority of businesses, including BASF SE, Ashland, Sasol, and Dow, have integrated their business operations across the value chain to generate maximum profit with minimal investment.
Top Player’s Company Profiles
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Cytec Solvay Group
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Chevron Phillips Chemical Company
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Sasol Limited
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The Dow Chemical Company
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Kemira Oyj
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SNF Floerger
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Cheminova A/S
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Ashland Inc.
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Orica Limited
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CyPlus GmbH
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Huntsman Corporation
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Nalco Holding Company
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PQ Corporation
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Nasaco International LLC
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Akzo Nobel N.V.
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ArrMaz
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Sinochem
Recent Developments
- In February 2022, AECI Mining Chemicals announced the expansion of its African footprint with the acquisition of a 75% stake in Chemical Initiatives (CI), a South African chemical manufacturer.
- In January 2022, BASF announced the expansion of its production capacity for polyacrylamide powder (PAM), a key ingredient in mining chemicals, at its production site in South Africa.
Africa Mining Chemicals Key Market Trends
- There is a growing demand for sustainable and eco-friendly mining chemicals that have a reduced environmental impact. As a result, manufacturers are developing new sustainable mining chemicals and enhancing the sustainability of their existing products.
- The mining industry in Africa is adopting digital technologies such as Artificial Intelligence (AI), Machine Learning (ML), and the Internet of Things (IoT) to optimize their operations and reduce costs. This is leading to the development of new mining chemicals that are specifically designed to work with these technologies.
- There is a growing demand for specialty chemicals that are designed for specific mining applications, such as flotation, leaching, and dust control. This is leading to the development of new specialty chemicals and the expansion of existing product portfolios.
- The Africa mining chemicals market is consolidating as major players acquire smaller manufacturers and expand their market share. This trend is leading to the development of new partnerships and collaborations between manufacturers to expand their product portfolios and improve their market reach.
Africa Mining Chemicals Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Africa Mining Chemicals market is the market that is anticipated to grow during the forecast period due to factors such increasing mining production and a rise in water treatment operations. In the upcoming years, it is expected that the demand for the product will be affected by extraction of ore types such gold, copper, and phosphate. The lack of adequate infrastructure, such as transportation and power, can hinder the growth of the African mining industry, which in turn can impact the growth of the mining chemicals market. The Africa mining chemicals market is consolidating as major players acquire smaller manufacturers and expand their market share. There is a growing demand for specialty chemicals that are designed for specific mining applications, such as flotation, leaching, and dust control. This is leading to the development of new specialty chemicals and the expansion of existing product portfolios.
| Report Metric | Details |
|---|---|
| Market size value in 2021 | USD 622.87 million |
| Market size value in 2030 | USD 1017.12 million |
| Growth Rate | 5.6% |
| Base year | 2023 |
| Forecast period | 2023-2030 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Africa Mining Chemicals Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Africa Mining Chemicals Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Africa Mining Chemicals Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Africa Mining Chemicals Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Africa Mining Chemicals Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Africa Mining Chemicals Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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