GVR Report cover Mining Chemicals Market Size, Share & Trends Report

Mining Chemicals Market Size, Share & Trends Analysis Report By Ore Type (Copper, Iron), By Application (Mineral Processing, Explosives & Drilling), By Region (Europe, APAC), And Segment Forecasts, 2021 - 2028

  • Published Date: Oct, 2021
  • Base Year for Estimate: 2020
  • Report ID: 978-1-68038-329-4
  • Format: Electronic (PDF)
  • Historical Data: 2017 - 2019
  • Number of Pages: 150

Report Overview

The global mining chemicals market size was valued at USD 9.89 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 5.8%, in terms of revenue, from 2021 to 2028. The wide usage of this product in various sectors including mineral processing, explosives & drilling, water treatment, stockpiles, mine haul roads, surface mining, underground mining, and others is anticipated to drive its demand over the forecast period. Increasing mining activities, along with the growing demand for minerals, are expected to fuel the product demand. The growing market for metals, such as gold, copper, and phosphate, is expected to contribute to the demand for mining chemicals over the coming years. Rising emphasis on water & wastewater treatment is also projected to spur market growth.

U.S. mining chemicals market size, by ore type, 2018 - 2028 (USD Billion)

The value chain is highly influenced by the economic and regulatory environment. Raw materials, such as nitric acid, cyanide, and sulfuric acid, and heavy metals, including mercury, uranium, and lead, are used in the production of mining chemicals. Orica is one of the key suppliers of cyanide, while Southern States Chemical, Inc. and Columbus Chemical Industries, Inc. are involved in supplying sulfuric acid and nitric acid, respectively.

Xstrata is also one of the prominent suppliers in the market. Limited availability of high-grade ores and fast depletion rate of high-grade mineral ore deposits are among the major challenges faced by the mining industry. Moreover, the processing of minerals requires more advanced solutions and thus, a high amount of investment.

Raw materials, such as uranium, sulfuric acid, lead, nitric acid, mercury, and cyanide, are used in the manufacturing of mining chemicals. These chemicals are toxic and harmful to people and the environment. Therefore, they are regulated by various regulations by the Industrial Chemicals Act; Registration, Evaluation, Authorization, and Restriction of Chemicals (REACH); and OSPAR Convention.

Key players in the industry are focused on increasing the production of their core product portfolios, including high-quality mining chemicals, to gain significant market shares. The discovery of new chemicals and technological advancements have led to the development of eco-friendly products, which use green manufacturing processes for production. Arkema, SNF FloMin, and ArrMaz are some of the players in the market that offer raw materials for the production of such products.

Ore Type Insights

The iron ore segment accounted for the largest revenue share of 18.73% in 2020. The demand for high-grade iron ore is expected to rise over the forecast period on account of the increasing demand for iron ore with fewer impurities from the steel industry. Collectors are used to produce high-grade concentrations for iron ore pellet production and produce super-concentrated iron ore for advanced metallurgical applications.

The phosphate segment is anticipated to grow at the second-fastest CAGR from 2021 to 2028. Phosphate ore is used to make fertilizers, animal feed supplements, and chemical compounds. The products used under phosphate ore include collectors, coatings, flocculants, grinding aids, solvent extractants, dust suppressants, defoamers, antiscalants, biocides, lubricants, and frothers. Depressants are widely used in the floatation of phosphate ores.

Grinding aids also emerged as a prominent product segment for the ore types in 2020. The trend is estimated to continue over the forecast period. Increasing focus on the recovery of high-quality minerals is likely to be an important factor supplementing the growth of the segment. The grinding and milling of ores are essential in recovering valuable minerals. The collectors used as mining chemicals include xanthates, dithiophosphates, and thiocarbamates. Collectors help in the recovery of copper at a low pH value and are widely used in the industry.

Flocculants also emerged as the prominent product segment and are expected to grow at a significant CAGR from 2021 to 2028. It consists of anionic, cationic, and nonionic polymers. It absorbs particles and destabilizes them by bridging or charge neutralization. Anionic flocculants react with the positively charged suspension that results in the production of salts and metallic hydroxides. Cationic flocculants react with negatively charged suspensions. Flocculants have major applications in industries and municipalities involved in water treatment. Frothers were the first reagent used for mineral concentration. Frothers create perfect hydrodynamic conditions, such as gas hold up and bubble size required in the flotation cell. The increasing importance of frothers in mineral flotation is poised to work in favor of the market.

Application Insights

The explosives & drilling segment accounted for the largest volume share of more than 35% in 2020. Drilling and blasting are the major operations used by opencast mining. There are two types of rock breakage including rock penetration and fragmentation. Rock penetration includes drilling & cutting, while blasting is used for fragmentation. Drilling is performed to remove ore deposits and to decrease the operational cost.

Global mining chemicals market share, by application, 2020 (%)

Mineral processing is expected to be the second-largest segment, in terms of revenue, by 2028. Growing demand for major commodities, including iron ore and copper, has driven the growth of the mineral processing market globally. The mining industry has witnessed a growth in the demand for technologies for processing complex minerals. Techniques for grinding hard rocks into ultrafine sizes, reduction in energy & water consumption, and easy disposal of mine waste have significant importance. These factors are anticipated to fuel the utilization of mining chemicals in mineral processing applications.

The water treatment segment is projected to register the second-fastest CAGR during the forecast period. Water treatment systems are utilized in various mineral processing plants including gold and copper. The treatment of water used for processing leads to improved water quality & flow, minimized corrosion, scaling, & equipment blockage, and lower chemical costs & dosages. The use of clean water also aids in extending the life of the equipment, thereby, lowering the risk of failure. This, in turn, helps reduce the overall maintenance cost of the plant.

Regional Insights

Asia Pacific region accounted for the largest volume share of more than 44% in 2020. The region is driven by the explosives & drilling and mineral processing sectors. Moreover, emerging economies including India and China are projected to boost the product demand over the predicted years.

In 2020, China accounted for the largest share of the regional market as it is the largest producer of coal, gold, and other earth minerals. Moreover, China has numerous mines, which are undergoing improvements, such as the development of existing sewage and wastewater treatment plants as well as setting up new sewage treatment plants. Mining chemicals are extensively utilized in mining operations, such as mineral processing and wastewater treatment, which is expected to propel market growth in the region over the coming years.

The U.S. accounts for a prominent share in the North America regional market on account of increasing mining activities in the country. The growing demand for pure minerals is expected to drive the market. Some of the major manufacturing companies in the U.S. are The Dow Chemical Company, ExxonMobil, Cytec, Chevron Phillips Chemical Company, and Ashland.

Key Companies & Market Share Insights

The market is highly competitive with the presence of a large number of manufacturers operating at the global level through a widespread distribution channel. Expansions and agreements are the key strategies being adopted by market players to strengthen their position. For instance, the specialty chemical segment of Akzo Nobel N.V. announced an investment of more than EUR 20.0 million for Expancel product line for expandable microspheres in Sweden. Some prominent players in the global mining chemicals market include:

  • Ashland, Inc.

  • The Dow Chemical Company

  • Chevron Phillips Chemical Company

  • BASF SE

  • Exxon Mobil Corp.

  • Cytec Solvay Group

  • Air Products and Chemicals, Inc.

  • Cheminova A/S

  • Akzo Nobel

  • NASACO

  • Beijing Hengju

  • Clariant AG

  • ArrMaz

  • Orica

Mining Chemicals Market Report Scope

Report Attribute

Details

Market size value in 2021

USD 10.14 billion

Revenue forecast in 2028

USD 15.57 billion

Growth rate

CAGR of 5.8% from 2021 to 2028

Base year for estimation

2020

Historical data

2017 - 2019

Forecast period

2021 - 2028

Quantitative units

Volume in kilotons, revenue in USD million/billion, and CAGR from 2021 to 2028

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Ore type, application, and region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Russia; Spain; Italy; China; India; Japan; South Korea; Brazil; Argentina; Peru; Chile; Colombia; Saudi Arabia; South Africa

Key companies profiled

Ashland, Inc.; The Dow Chemical Company; Chevron; Phillips Chemical Company; BASF SE; Exxon Mobil Corp.; Cytec Solvay Group; Air Products and Chemicals, Inc.; Cheminova A/S; Akzo Nobel; NASACO; Beijing Hengju; Clariant AG; ArrMaz; Orica

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2028. For the purpose of this study, Grand View Research has segmented the global mining chemicals market report on the basis of ore type, application, and region:

  • Ore Type Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

    • Powder Gold

      • Collectors

      • Coatings

      • Flocculants

      • Grinding Aids

      • Solvent Extractants

      • Dust suppressants

      • Defoamers

      • Antiscalants

      • Biocides

      • Lubricants

      • Frothers

      • Others

    • Iron

      • Collectors

      • Coatings

      • Flocculants

      • Grinding Aids

      • Solvent Extractants

      • Dust suppressants

      • Defoamers

      • Antiscalants

      • Biocides

      • Lubricants

      • Frothers

      • Others

    • Copper

      • Collectors

      • Coatings

      • Flocculants

      • Grinding Aids

      • Solvent Extractants

      • Dust suppressants

      • Defoamers

      • Antiscalants

      • Biocides

      • Lubricants

      • Frothers

      • Others

    • Phosphate

      • Collectors

      • Coatings

      • Flocculants

      • Grinding Aids

      • Solvent Extractants

      • Dust suppressants

      • Defoamers

      • Antiscalants

      • Biocides

      • Lubricants

      • Frothers

      • Others

    • Others

      • Collectors

      • Coatings

      • Flocculants

      • Grinding Aids

      • Solvent Extractants

      • Dust suppressants

      • Defoamers

      • Antiscalants

      • Biocides

      • Lubricants

      • Frothers

  • Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

    • Mineral Processing

    • Explosives & Drilling

    • Water Treatment

    • Stockpiles

    • Mine Haul Roads

    • Surface Mining

    • Underground Mining

    • Others

  • Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2028)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

      • Russia

      • Spain

      • Italy

    • Asia Pacific

      • China

      • India

      • Japan

      • South Korea

    • Central & South America

      • Brazil

      • Argentina

      • Peru

      • Chile

      • Colombia

    • Middle East & Africa

      • Saudi Arabia

      • South Africa

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