The mining chemicals market size is expected to grow from US$ 10.60 billion in 2022 to US$ 15.22 billion by 2030; it is estimated to register a CAGR of 4.6% from 2022 to 2030.
The mining chemicals are used in applications such as mineral processing, wastewater treatment, and others. Different chemicals are used in the mining processes, depending on mineral and ore type. These mining chemicals are used in chemical processes to separate the desired mineral particles from the ore. They also help upgrade low mineral concentrations into pure metals. A few of the end users of mining chemicals are mining companies such as China Shenhua Energy Co., Ltd.; China Coal Energy Co., Ltd.; Zijin Mining Group Co., Ltd.; Jiangxi Copper Co., Ltd.; Alufer Mining Limited; Marampa Mines Limited; and others.
Based on type, the global mining chemicals market is segmented into flotation chemicals (frothers, flocculants, depressants, collectors, and others), solvent extractants, grinding aids, and others. The mining chemicals market share for the flotation chemicals segment was the largest in 2022. Flotation chemicals are mining chemicals used to adjust the floatability of minerals in the mineral froth flotation process. They can increase the difference in wettability between various minerals, thus achieving the separation of gangue minerals and useful minerals. Flotation chemicals are the most flexible, effective, and convenient chemicals for controlling the flotation process. Frothers, flocculants, depressants, collectors, and various other chemicals are among the flotation chemicals. Flotation frothers enhance the elasticity of the bubble surface and promote the formation of uniform bubbles. Flotation frothers also make the bubbles generated by flotation more stable. With the use of flotation frothers, bubbles are less likely to rupture even when subjected to vibration or other external force. A few commonly used flotation frothers are pine oil, methyl isobutyl carbinol, and others.
Asia Pacific is estimated to register the fastest CAGR in the global mining chemicals market over the forecast period. In China, the rise in mining production in the country is projected to boost the growth of the mining chemicals market during the forecast period. According to a report released by the US Geological Survey in 2022, China held the leading position in mine production of critical minerals: antimony, barite, germanium, graphite, magnesium, rare-earth elements, titanium, and tellurium. As per the British Geological Survey released in 2023, China was the largest aluminum producer, accounting for over 50% of the global aluminum mining in 2021. The coal mining production in the country reached 4,368.1 million metric tons in 2021, an increase from 4,130.5 million metric tons in 2020. Further, according to the National Investment Promotion & Facilitation Agency, the mining industry in India significantly contributes to the country's economy. India is the second-largest coal producer and ranks fifth among all countries in terms of coal deposits. The mineral production in the country accounted for US$ 1.21 billion from 2022 to 2023. Further, the government of India announced its plans to increase coal production by 1.3 billion metric tons by 2025 and 1.5 billion metric tons by 2030. All these factors positively influence the market growth.
Orica Ltd, Kemira Oyj, BASF SE, Clariant AG, Dow Inc, AECI Ltd, Nouryon Chemicals Holding BV, Betachem Pty Ltd, Solvay SA, and Arkema SA are among the players operating in the global mining chemicals market. Players operating in the global market focus on providing high-quality products to fulfill customer demand. Also, they focus on adopting various strategies such as new product launches, capacity expansion, partnerships, and collaborations to stay competitive in the market. For instance, in October 2023, BASF SE mining solutions launched two new product brands - Luprofroth and Luproset - to complement its growing flotation portfolio. Luprofroth is for growing frothers, whereas Luproset is for flotation modifiers. These brands aim to communicate the company's flotation portfolio clearly and consistently, demonstrating its commitment to innovation and becoming a full solution provider for the mining industry.
The overall global mining chemicals market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers - along with external consultants such as valuation experts, research analysts, and key opinion leaders - specializing in the mining chemicals market.
Reasons to Buy
The mining chemicals are used in applications such as mineral processing, wastewater treatment, and others. Different chemicals are used in the mining processes, depending on mineral and ore type. These mining chemicals are used in chemical processes to separate the desired mineral particles from the ore. They also help upgrade low mineral concentrations into pure metals. A few of the end users of mining chemicals are mining companies such as China Shenhua Energy Co., Ltd.; China Coal Energy Co., Ltd.; Zijin Mining Group Co., Ltd.; Jiangxi Copper Co., Ltd.; Alufer Mining Limited; Marampa Mines Limited; and others.
Based on type, the global mining chemicals market is segmented into flotation chemicals (frothers, flocculants, depressants, collectors, and others), solvent extractants, grinding aids, and others. The mining chemicals market share for the flotation chemicals segment was the largest in 2022. Flotation chemicals are mining chemicals used to adjust the floatability of minerals in the mineral froth flotation process. They can increase the difference in wettability between various minerals, thus achieving the separation of gangue minerals and useful minerals. Flotation chemicals are the most flexible, effective, and convenient chemicals for controlling the flotation process. Frothers, flocculants, depressants, collectors, and various other chemicals are among the flotation chemicals. Flotation frothers enhance the elasticity of the bubble surface and promote the formation of uniform bubbles. Flotation frothers also make the bubbles generated by flotation more stable. With the use of flotation frothers, bubbles are less likely to rupture even when subjected to vibration or other external force. A few commonly used flotation frothers are pine oil, methyl isobutyl carbinol, and others.
Asia Pacific is estimated to register the fastest CAGR in the global mining chemicals market over the forecast period. In China, the rise in mining production in the country is projected to boost the growth of the mining chemicals market during the forecast period. According to a report released by the US Geological Survey in 2022, China held the leading position in mine production of critical minerals: antimony, barite, germanium, graphite, magnesium, rare-earth elements, titanium, and tellurium. As per the British Geological Survey released in 2023, China was the largest aluminum producer, accounting for over 50% of the global aluminum mining in 2021. The coal mining production in the country reached 4,368.1 million metric tons in 2021, an increase from 4,130.5 million metric tons in 2020. Further, according to the National Investment Promotion & Facilitation Agency, the mining industry in India significantly contributes to the country's economy. India is the second-largest coal producer and ranks fifth among all countries in terms of coal deposits. The mineral production in the country accounted for US$ 1.21 billion from 2022 to 2023. Further, the government of India announced its plans to increase coal production by 1.3 billion metric tons by 2025 and 1.5 billion metric tons by 2030. All these factors positively influence the market growth.
Orica Ltd, Kemira Oyj, BASF SE, Clariant AG, Dow Inc, AECI Ltd, Nouryon Chemicals Holding BV, Betachem Pty Ltd, Solvay SA, and Arkema SA are among the players operating in the global mining chemicals market. Players operating in the global market focus on providing high-quality products to fulfill customer demand. Also, they focus on adopting various strategies such as new product launches, capacity expansion, partnerships, and collaborations to stay competitive in the market. For instance, in October 2023, BASF SE mining solutions launched two new product brands - Luprofroth and Luproset - to complement its growing flotation portfolio. Luprofroth is for growing frothers, whereas Luproset is for flotation modifiers. These brands aim to communicate the company's flotation portfolio clearly and consistently, demonstrating its commitment to innovation and becoming a full solution provider for the mining industry.
The overall global mining chemicals market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers - along with external consultants such as valuation experts, research analysts, and key opinion leaders - specializing in the mining chemicals market.
Reasons to Buy
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the global mining chemicals market
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the global mining chemicals market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth global market trends and outlook coupled with the factors driving the mining chemicals market as well as those hindering it.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing, and distribution
Table of Contents
1. Introduction
2. Executive Summary
3. Research Methodology
4. Mining Chemicals Market Landscape
5. Global Mining Chemicals Market - Key Market Dynamics
6. Mining Chemicals Market - Global Market Analysis
7. Mining Chemicals Market Analysis - Type
8. Mining Chemicals Market Analysis - Mineral Type
9. Mining Chemicals Market Analysis - Application
10. Mining Chemicals Market - Geographical Analysis
11. Impact of COVID-19 Pandemic on Global Mining Chemicals Market
12. Competitive Landscape
13. Industry Landscape
14. Company Profiles
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Orica Ltd
- Kemira Oyj
- BASF SE
- Clariant AG
- Dow Inc
- AECI Ltd
- Nouryon Chemicals Holding BV
- Betachem Pty Ltd
- Solvay SA
- Arkema SA
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 235 |
| Published | December 2023 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value in 2022 | 10.6 Billion |
| Forecasted Market Value by 2030 | 15.22 Billion |
| Compound Annual Growth Rate | 4.6% |
| Regions Covered | Global |
