USD 9.3 billion
Mining Chemicals Market Size, Share, Growth Analysis, By Ore, By Product, By Mineral, By Application, By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15E2129 |
Region:
Global |
Published Date: December, 2024
Pages:
242
|Tables:
65
|Figures:
75
Mining Chemicals Market Insights
Mining Chemicals Market size was valued at USD 0 Billion in 2023 and is poised to grow from USD 0 Billion in 2024 to USD 0 Billion by 2032, growing at a CAGR of 6.8% during the forecast period (2025-2032).
A key driver boosting the growth of the global mining chemicals market is the rising demand for minerals across a variety of end-user industries, such as electronics, medical equipment, paints & coatings, and others. Graphite, cobalt, and lithium production will grow by 500% by 2050, according to a March 2021 study by the World Bank, as a consequence of increasing demand for renewable energy technologies. Thus, the growth of the market for minerals drives up market demand for mining chemicals. The growth of mining activities and mineral production in the U.S. and Canada is the primary driver of the product demand in North America.
The primary user of the product is the coal industry, which depends heavily on coal to produce electricity. According to data from the U.S. Energy Information Administration, coal was used to generate over 19.3% of the country's electricity in 2021. Digital mines are likely to be using growing technologies like the Industrial Internet of Things in the upcoming years (IIoT). Data from mines can be gathered in real-time using strategically placed sensors that are connected. They aid in increasing safety, cutting costs, and improving operational efficiency. They also help decrease fatalities and injuries caused by high-energy settings. These factors are expected to generate new opportunities for the mining industry over the projected period.
Raw materials such as mercury, sulfuric acid, cyanide, nitric acid, lead, and uranium are utilized to produce mining chemicals. They are extremely poisonous and harmful to the environment as well as people. They therefore are governed by a number of legislations, such as the Industrial Chemicals Act, the OSPAR Convention, and the Registration, Evaluation, Authorization, and Restriction of Chemicals Act (REACH).
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Explosives and Drilling
Fastest Growth
Water Treatment
Growth Rate
5.5% CAGR
Global Mining Chemicals Market 2022-2030 ($ Bn)
Country Share for Asia Pacific Region- 2022 (%)
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Mining Chemicals Market Segmental Analysis
Global Mining Chemicals Market is segmented by Ore, Product, Mineral, Application and Region. Based on Ore, the market is segmented into Powder Gold Ore, Iron Ore, Copper Ore, Phosphate Ore, Others. Based on Product, the market is segmented into Frothers, Flocculants, Collectors, Solvent Extractants, Grinding Aids. Based on Mineral, the market is segmented into Base Metals, Non Metallic Minerals, Precious Metals, Rare Earth Metals. Based on Application, the market is segmented into Mineral Processing, Explosives and Drilling, Water and Wastewater Treatment, Others. Based on Region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Analysis by Ore Type
Iron ore type dominated the bulk of the market in 2021 with a revenue share of more than 18%. Due to the steel industry's increasing need for products with fewer impurities, it has a large market share. A number of industries, including wastewater treatment and the petroleum industry, are expected to see a rise in demand for iron ore.
Global demand for iron ore is growing, however due to decreasing high-grade iron ore sources, froth extraction is frequently used as a process intermediate. Iron ore impurities are reduced by froth extraction. The direct flotation of iron oxides and reverse flotation of gangue minerals with depression of iron oxides are methods used to folate iron ore. The iron route floatation technique that is most frequently utilized is reverse float.
Analysis by Application
Explosives and drilling applications dominated the market in 2021, contributing for more than 35% of total sales. This high proportion could be explained by an increase in demand for metals and minerals. The major economies' expanding mineral mining companies are expected to drive segment growth. According to a World Bank report, the demand for minerals and metals like zinc, aluminum, copper, lead, lithium, steel, silver, manganese, nickel, neodymium, silver, indium, and molybdenum is likely to increase due to the growing significance of metals and minerals for a low-carbon future and green energy technologies required for achieving environmental sustainability.
Global Mining Chemicals Market By Application, 2022 (%)
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Mining Chemicals Market Regional Insights
The Asia Pacific region dominated the market in 2021 with a 36% revenue share. The reason for this high percentage is the growth of mineral processing industries in countries like China, India, and others, which is anticipated to increase the use of the product in the region over the course of the projection year. In addition, because of its dominance in the production of gold, coal, and other earth minerals, China has the largest market share in the Asia Pacific area. China is constructing new sewage treatment facilities as well as sewage and wastewater treatment facilities as part of the rehabilitation of several mines.
The demand for mining chemicals in Latin America is driven largely by an increase in mining and mineral processing operations in countries such Brazil, Colombia, Argentina, and Chile. The region's principal exports are iron ore, copper, and gold. The considerable foreign investments made by private firms for exploration activities throughout the region are accountable for the rising mining industry. The region will experience tremendous growth as a result of several ongoing and upcoming mining projects. There should be new mining opportunities in Chile and Peru during the forecast period. These factors will likely boost the region's demand for mining chemicals.
Global Mining Chemicals Market By Geography, 2022-2030
- Largest
- Fastest
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Mining Chemicals Market Dynamics
Drivers
Growing Demand for Minerals and Ores
- The demand for minerals and ores is increasing due to the growing population and industrialization. This is driving the growth of the mining industry and hence the mining chemicals market.
Restraints
Fluctuating Prices of Raw Materials
- The prices of raw materials used in mining chemicals, such as crude oil and natural gas, are highly volatile. This can impact the profitability of mining chemical manufacturers and hence the growth of the market.
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Mining Chemicals Market Competitive Landscape
The market is particularly competitive as a result of the existence of both local companies and foreign corporations engaged in ongoing R&D. Because of their extensive product lines that cover all applications and their widespread brand recognition, companies like Ashland, Sasol, BASF SE, and Dow dominate the industry. These companies dominate the worldwide market because of their extensive presence along the whole value chain.
The major businesses are also focusing on building distributor partnerships, increasing capacit,y, and adopting various functional techniques to obtain an edge in the cutthroat market environment. To increase its market presence in the South African region, for instance, Clariant is focusing on acquiring reputable distributors. The market's entrants are focusing on enhancing the positioning of their products in order to increase their market share both globally and locally.
Top Player’s Company Profiles
- AECC (South Africa)
- BASF SE (Germany)
- Chevron Phillips Chemical Company LLC (United States)
- Clariant (Switzerland)
- Solvay (Belgium)
- 3M (United States)
- Arkema (France)
- Betachem (Pty) Ltd. (South Africa)
- CTC (Tennant Consolidated Group) (United States)
- Ecolab (United States)
- FMC Corporation (United States)
- Indorama Ventures Public Limited (Thailand)
- Kemira (Finland)
- NASACO (United States)
- Orica Limited (Australia)
- Qingdao Ruchang Mining Industry Co. Ltd. (China)
- Sasol Limited (South Africa)
- SNF Group (France)
- Voxeljet AG (Germany)
- Markforged (United States)
Recent Developments
- In February 2023, AECI revealed their water treatment programme with the objective of reusing water, lowering its overall carbon footprint, and promoting sustainability. At a platinum mine in North West, AChemicals ECI Water treats and recycles fissure water using desalination techniques.
- In January 2023, The French mining company Eramet and the German chemical business BASF are reportedly completing a USD 2.6 billion agreement to process nickel in Indonesia.
Mining Chemicals Key Market Trends
Increasing Demand for Specialty
- The demand for specialty chemicals, such as collectors, frothers, and flocculants, is increasing in the mining industry. These chemicals are used to enhance the efficiency and effectiveness of mineral processing operations, driving the growth of the mining chemicals market.
Growing Demand For Green Mining Chemicals
- There is a growing trend towards sustainability in the mining industry. This has led to the development of eco-friendly or green mining chemicals, which are safer for the environment and workers. This trend is expected to drive the growth of the mining chemicals market.
Increasing investment in research and development:
- The mining industry is becoming more complex, with the need for more efficient and effective chemicals. This has led to increased investment in research and development, which is expected to drive the growth of the mining chemicals market.
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 Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Mining Chemicals market is the demand for minerals and ores is increasing due to the growing population and industrialization. This is driving the growth of the mining industry and hence the mining chemicals market. Digital mines are likely to be using growing technologies like the Industrial Internet of Things in the upcoming years (IIoT). Data from mines can be gathered in real-time using strategically placed sensors that are connected. They aid in increasing safety, cutting costs, and improving operational efficiency. They also help decrease fatalities and injuries caused by high-energy settings. These factors are expected to generate new opportunities for the mining industry over the projected period.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 9.3 billion |
| Market size value in 2031 | USD 15.1 billion |
| Growth Rate | 5.5% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| 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 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 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 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 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 Mining Chemicals Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the 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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