Mining Chemicals Market Size, Share & Trends Analysis Report By Ore Type (Powder Gold, Iron, Copper), By Application (Mineral Processing, Explosives & Drilling), By Region, And Segment Forecasts, 2023 - 2030

Research Methodology

A three-pronged approach was followed for deducing the mining chemicals market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for mining chemicals market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of mining chemicals market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Mining Chemicals Market Categorization:

The mining chemicals market was categorized into three segments, namely ore type (Powder Gold, Iron, Copper, Phosphate, ), application (Mineral Processing, Explosives and Drilling, Water Treatment), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The mining chemicals market was segmented into ore type, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The mining chemicals market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-eight countries, namely, the U.S.; Canada; Mexico; Germany; the UK.; France; Spain; Russia; Italy; China; India; Japan; South Korea; Argentina; Peru; Chile; Columbia; Saudi Arabia; Africa; South Africa; Ghana; Morocco; DRC; Zambia; Zimbabwe; Tanzania; Mali; Ivory Coast; Sudan.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Mining chemicals market companies & financials:

The mining chemicals market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• BASF SE: It is a German chemical production company with 13 operating divisions and about 84 sub-business units across the globe. The company operates through five business segments, namely performance products, chemicals, agricultural solutions, functional materials & solutions, and oil & gas. The product portfolio of the functional materials & solutions segment includes construction chemicals, coatings, performance materials, and catalysts. The company specializes in manufacturing performance materials such as PU, thermoplastics, foams, and epoxy resins.

• Ashland: The company is engaged in the manufacturing of specialty chemicals. The company has several divisions, namely food & beverage, chemical intermediates & solvents, composites, personal & home care, industrial specialties, pharmaceuticals, and agriculture. It operates through three reportable segments, namely specialty ingredients, performance materials, and valvoline. Valvoline segment includes premium branded automotive, commercial, and industrial lubricants and automotive chemicals. Major products offered through the specialty ingredients segment include cellulose ethers, vinyl pyrrolidones, and biofunctionals.

• Dow: The company is engaged in the manufacturing and distribution of chemicals for many industries including agriculture, automobile, building & construction, consumer goods, energy & water, industrial, infrastructure, packaging, and sports solutions. Its operations are divided across various segments including agricultural sciences, consumer solutions, infrastructure solutions, performance materials & chemicals, and performance plastics. The company also has ISO 14001, ISO 9001, and ISO 22000 certified manufacturing facilities and operates in more than 160 countries worldwide including North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

• SNF FloMin: The company has production sites in the U.S., China, and Europe, with sales offices in the U.S., China, Europe, South Africa, Peru, Australia, Canada, and Chile. Its product portfolio includes collectors & promoters, frothers, depressants & activators, flocculants, anti-scaling for hard rock mining industries, dust control products, and dewatering polymers for coal industries.

• Cytec Industries, Inc.: The company was acquired by Solvay in December 2015 and became Cytec Solvay Group. Solvay is a European company that serves products from consumer goods to energy across the globe. Cytec Solvay Group offers products that are used to enhance the flotation kinetics and flotation collectors in the recovery of copper, gold, and molybdenum. It also provides solvent extracts for the purification of copper, nickel, molybdenum, and flocculants. The company has sales operations in several regions, namely Asia Pacific, Europe, the Middle East & Africa, Latin America, and North America.

• Arkema: The company has three business divisions, namely industrial chemicals, coating solutions, and performance products. Mining chemicals are offered to customers under the coating solutions and industrial chemicals segment. The company offers its products to a wide range of applications such as 3D printing, agriculture & food, building &construction, coatings & inks, cooling & refrigeration, health, hygiene, beauty, packaging, and water management. The company has a presence in more than 55 countries, 13 research centers globally, and 144 production plants across North America, Europe, and Asia Pacific.

• Clariant AG: The company has manufacturing units across the globe with approximately 110 operating companies in about 53 countries. The company’s business operations are divided into four segments, namely care chemicals, catalysis, plastics & coatings, and natural resources. The plastics & coatings business segment provides mining chemicals to its customers. It caters to end-use industries such as chemical intermediates, agriculture &animal feed, automotive &transportation, coatings, digital printing, building &construction, paints & inks, electronics, consumer goods, food &beverage, home & personal care, mining, oil &gas, packaging, plastics &polymers, textile, and waste management.

• NASACO: The company is a manufacturer and supplier of chemicals for froth floatation of minerals. It provides solutions for mineral-processing needs. The company’s product portfolio comprises frothers, depressants, flocculants, collectors, modifiers, and laboratory services. It has subsidiaries and associate companies located in Mexico, Chile, Germany, South Africa, Australia, the U.S., and the Philippines.

• ArrMaz: It is a manufacturer of specialty chemicals for mining, phosphate, fertilizer, asphalt, industrial ammonium nitrate, and oil & gas applications. It provides various services to its customers, which include inventory management, custom chemical synthesis, on-site application & process support, laboratory services, and equipment & inventory services. In the mining segment, the company's core product line comprises anionic collectors, cationic collectors, frothers & surfactants, depressants, defoamers, filtration & de-watering aids, floatation oils, pH modifiers, and flocculants. It offers its products in over 70 countries across the globe including Europe, Asia, Africa, North and South America, and the Middle East.

• Kemira: It is a chemical company that caters to a variety of customers in water-intensive industries. The company focuses mainly on oil &gas, water treatment, and pulp &paper industries. It offers its products in more than 100 countries across the globe. The mining & metal segment offers a wide range of products including antiscalants & dispersants, biocides & disinfection, chemical flocculants, defoamers, and inorganic coagulants for water treatment.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Mining Chemicals Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Mining Chemicals Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.