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 2024-2031

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.