Mining Chemicals Market, By Product Type (Frothers, Flocculants, Collectors, Solvent Extractant, Grinding Aids, and Others), By Application (Mineral Processing, Explosives & Drilling, Water & Waste Treatment, and Others), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa)

Published In : Jul 2023

Code : CMI4121

Pages :120

Formats :

Excel and PDF

Industry : Specialty and Fine Chemicals

Mining Chemicals MarketSize and Trends

Global mining chemicals market was valued at US$ 32.69 Billion in 2022 in terms of revenue, exhibiting a CAGR of 5.7% during the forecast period (2023 to 2030).

Figure 1. Global Mining Chemicals Market Value Share (%), By Region, 2022

Global Mining Chemicals Market: Market Trends

One of the major market trends is an increase in distribution agreements among major manufacturers for the purpose of extending the supply chain process. For instance, BASF and Quadra Chemicals Ltd. agreed into an exclusive arrangement in May 2020 to showcase BASF's portfolio of mining solutions products in Canada and Alaska. This partnership aims to streamline the effective delivery of mining chemicals to both present and prospective clients. Leading manufacturers are releasing flocculants chemicals for treating wastewater as a result of the expanding trend of wastewater recycling. The requirement for wastewater treatment is being driven by both rising environmental concerns and increasing water pollution, which will further drive the market growth for global mining chemicals over the forecast period.

Figure 2. Global Mining Chemicals Market Value Share (%), By Product Type, 2022