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Mining Chemicals Market by Product Type (Frothers, Flocculants, Solvent Extractants, and Others), Application (Mineral Processing, Drilling, Explosives, and Others), and End User (Chemical, Commercial, and Others): Global Opportunity Analysis and Industry Forecast, 2020-2027

A06779
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Aug 2020 | 145 Views
 
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Mining Chemicals Market Outlook - 2027

Mining chemical is an organic compoundused either as a part of the process to thicken tailings for disposal or in the refining process. Mining chemicals are popularly used as diluents, thickeners, and coagulants. They are available as a frother, flocculant, and solvent extracts in the market. The materials such as cyanide, sulfuric acid, nitric acid, mercury, and lead are used for the manufacturing of mining chemicals. Mining chemicals are used for purposes such as mineral processing, drilling, and explosives.

 

Scope of the report

                     Report Metric

                                            Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast units

  Value (USD)and Volume (Tons)

  Segments covered

  Product Type, Application, End User,and Region

  Regions covered

North America (U.S. and Canada), Europe (Germany, UK, France, and the Rest of Europe), Asia-Pacific (China, Japan, India, and the Rest of Asia Pacific), LAMEA (Brazil, Mexico, and the Rest of LATAM), and the Middle East &Africa

  Companies covered

Akzonobel N.V, Ashland Inc., Chevron Phillips Chemical Company LP, Cytec Industries, The Dow Chemical Company, F. Nalco Company, Cheminova A/S, Air Products and Chemicals, Inc., BASF Se, and Exxon Mobil

 

COVID-19 scenario analysis

  • Owing to the outbreak of the COVID-19 pandemic, mining chemical industry is facing shortage of supply from upstream suppliers, as lockdown has been implemented across various countries.
  • Shortage of skilled labors lead to disruption of various projects, which are further postponed.
  • Mining for chemicals need gathering of large labor force to operate and live in confined spaces, which can further increase the exposure to COVID-19.
  • Limited or low production capacity in many companies can lead to increased costs in short term.
  • Companies are focusing to implement digitization in operational and industrial settings such as remote work enablement and industrial automation to utilize limited workforce whenever needed, which are anticipated to lucrative opportunities for the market.

Top impacting factors: market scenario analysis, trends, drivers, and impact analysis:

Increase in need for water treatment is the major driving factor of the global mining chemical market. Rise in mining projects in industries such as oil & gas is boosting the need for mining chemicals. In addition, increase in demand for gold, copper, and platinum for various applications is projected to augment the growth of the mining chemical market. However, the side effects related to mining chemicals on a longer exposure are projected to hamper the growth of mining chemicalsduring the forecast period. Under the Industrial Chemicals Act, specific raw materials, including cyanide, sulfuric acid, nitric acid, uranium, mercury, and lead are considered toxic and harmful to human & the environment, thus restricting the application to certain areas.

Surge in usage of mining chemicals in chemical and industrial applications

Manufacturers have been focusing on producing new products for specific applications as there are varying demands based on the utilization. Mining chemicals are used in mineral processing and wastewater treatment. These segments are projected to be the largest end consumers of mining chemicals in the market. Furthermore, increase in mining activities leads to more demand for mining chemicals, there by propelling the market growth. In addition, rise in investment in the mining sector is anticipated to offer potential opportunities for the expansion of the market during the forecast period.

Key segments covered

                                               Segment

                                                                                                     Subsegment

  By Product Type

  • Frothers
  • Flocculants
  • Solvent Extractants
  • Others

  By Application

  • Mineral Processing
  • Explosives
  • Drilling
  • Waste Water Treatment
  • Others

  By End User

  • Chemical Industry
  • Commercial Industry
  • Others

  By Region

 

  • North America
  • Europe
  • Asia-pacific
  • LAMEA

 

Key benefits of the report

  • This study presents the analytical depiction of the global mining chemical industry along with the current trends and market estimation to determine the imminent investment pockets.
  • The report represents information related to key drivers, restraints, and opportunities along with detailed analysis of the mining chemical market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the mining chemical market growth scenario.
  • The report provides a detailed market analysis depending on competitive and how the competition will take shape in coming years.
  • This report helps users in comprehending the key product segments and their future.

Questions answered in the global mining chemical market research report:

  • Which are the leading players active in the global mining chemical market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What should be the response of the mining chemical market players amid the COVID-19 pandemic?
  • What are the projections for the future that would help in taking further strategic steps?
  • What is the outlook of the industry?
  • What are the emerging key segments in the mining chemical market?
  • What are the major changes and assessments in mining chemical market dynamics?
 
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