Africa Mining Chemicals Market

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.

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FAQs

Africa Mining Chemicals Market size was valued at USD 622.87 million in 2021 and is poised to grow from USD 657.75 million in 2022 to USD 1017.12 million by 2030, growing at a CAGR of 5.6% in the forecast period (2023-2030).

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 brand awareness, businesses like BASF SE, Ashland, Sasol, and Dow dominate the market. 'AECI Mining Chemicals', 'BASF', 'Clariant', ' Cytec Solvay Group ', ' Chevron Phillips Chemical Company ', ' Sasol Limited ', ' The Dow Chemical Company ', ' Kemira Oyj ', ' SNF Floerger ', ' Cheminova A/S ', ' Ashland Inc. ', ' Orica Limited ', ' CyPlus GmbH ', ' Huntsman Corporation ', ' Nalco Holding Company ', ' PQ Corporation ', ' Nasaco International LLC ', ' Akzo Nobel N.V. ', ' ArrMaz ', ' Sinochem '

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.

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.

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.

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Africa Mining Chemicals Market

Report ID: SQMIR15A2436

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