Mining Chemicals Market Report 2026

The mining chemicals market size has grown strongly in recent years. It will grow from $17.62 billion in 2025 to $18.93 billion in 2026 at a compound annual growth rate (CAGR) of 7.4%. The growth in the historic period can be attributed to growth in global mining activity, expansion of base metal production, rising precious metal extraction, increasing demand for mineral beneficiation, availability of cost effective chemical reagents.

The mining chemicals market size is expected to see strong growth in the next few years. It will grow to $24.67 billion in 2030 at a compound annual growth rate (CAGR) of 6.8%. The growth in the forecast period can be attributed to rising demand for rare earth metals, increasing focus on sustainable mining practices, stricter environmental regulations, growth of electric vehicle supply chains, advancements in mineral processing technologies. Major trends in the forecast period include increasing adoption of eco friendly mining reagents, rising use of high efficiency mineral separation chemicals, growing demand for customized chemical formulations for complex ores, increased focus on water treatment chemicals in mining operations, expansion of specialty reagents for rare earth extraction.

Increasing mining activities are expected to boost the mining chemicals market. Mining activity refers to extracting metallic and non-metallic minerals or industrial rock deposits from the earth. The nature of mining determines the use of various chemical agents, such as mercury, cyanide, and arsenic, which are applied at different stages of operation. These chemicals help separate minerals from their ore and improve the purity of metals and minerals. For instance, in 2023, according to the Society for Mining, Metallurgy & Exploration, a US-based nonprofit professional society, the estimated total value of nonfuel mineral production in the United States increased by 4% in nominal terms to $105 billion, up from a revised $101 billion in 2022. Therefore, increasing mining activities are driving the growth of the mining chemicals market.

Major companies operating in the mining chemicals market are focusing on developing technological advancements such as electrification technologies to improve sustainable mining operations, operational efficiency, and environmental compliance. Electrification technologies involve the use of electric propulsion systems and advanced motor designs to lower emissions and enhance performance in mining applications. For instance, in April 2024, Sany Heavy Industry India Pvt Ltd, an India-based construction equipment manufacturer, introduced India’s first locally produced electric mining truck, the SKT105E. The truck features a fully electric propulsion system powered by dual motors delivering 440 kW each, offering strong performance in demanding terrains while eliminating emissions and supporting global sustainability objectives.

In July 2024, Solenis, a US-based producer of specialty chemicals company acquired BASF for an undisclosed amount. By acquiring BASF's flocculants business, Solenis aims to provide a more complete solution for its mining and mineral processing customers, integrating solid-liquid separation and material handling products into its portfolio. BASF an India-based mining solutions provider company.

Major companies operating in the mining chemicals market are BASF SE, AECI Mining Chemicals, Solvay Group, Clariant AG, SNF Floerger, Arkema, Orica Limited, Ecolab Inc., Kemira Oyj, Sasol Limited, Tata Chemicals Limited, Yantai Humon Chemical Auxiliary Co., Ltd., Betachem (Pty) Ltd, Senmin, Dow Chemical Company, Ashland Inc., Cytec Industries, Quimica Del Sur S.A., CHIMCOMPLEX SA Borzesti, AVANSCHEM.

Asia-Pacific was the largest region in the mining chemical market in 2025. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the mining chemicals market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the mining chemicals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The mining chemicals market consists of sales of dewatering chemicals, heat transfer fluids, dispersants, and dust control suppressants. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

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