Mining Chemical market report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. The report provides actionable intelligence on major factors influencing the Mining Chemical market (drivers, opportunities, industry specific challenges, and other critical issues) along with the Mining Chemical market size of various segments.
Mining chemicals are functionally specialized chemicals that enhance the productivity and efficacy of mining processes. These chemicals are primarily used in blasting and drilling, mineral processing, and water and waste treatment. They are commonly used in the extraction of metals and minerals like copper, gold, molybdenum, nickel, iron, cobalt, alumina, and other industrial minerals like bauxite, chromite, cobalt, manganese, and quartz
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On the grounds of comprehensive, reliable data derived from extensive research of multiple sources (both primary and secondary) and in-depth market analysis with inputs from industry experts, Mining Chemical market projected to grow at a CAGR of 7% during the period 2017-2021.
Mining Chemical Market Drivers, Challenges and Trends: –
Market Driver: – Growth in blasting and drilling application in coal mining will drive growth in the global mining chemicals market. the blasting and drilling application is very important in the mining industry, and involves drilling the rock and using explosive chemicals to break it down in smaller pieces. the coal mining industry is the largest end user of industrial explosives, with a market share of more than 40% globally. coal is extensively used in the generation of electricity, in the steel industry for extraction of iron from iron ore, and in the cement industry. it accounted for 29% of world’s energy source and approximately 41% of global electricity needs. the relative abundance of coal and its easy transportability and use makes it widely acceptable. the growing production of coal has had significant positive impact on the demand for blasting and drilling chemicals, and will continue to do so over the next five years.
Market Challenge: – The cut throat competition in the global mining chemicals market is leading vendors to decrease product prices, which is affecting their profit margins. the intensely competitive environment is also leading companies to stop their operations or to limit them to particular products and areas. india and china are emerging as manufacturing hubs in the market. china especially plays a significant role in the global market and has a considerable control over product pricing. because of the country’s advantages in terms of resource availability, it is able to offer products at significantly low rates, thus gaining more market share and restricting the growth of competitors. this has been discouraging small vendors and new entrants in the market and has the potential to impact the long-term growth goals of the global mining chemicals market.
Market trend: – One of the major trends in the global mining chemicals market is the growing production of industry-specific chemicals. In terms of competitive offerings, two kinds of players exist in the global mining chemicals market. The first constitutes companies that offer generic products, and the second includes those that manufacture industry-specific ones. In recent years, many vendors have been increasingly focusing on offering specific chemicals to the global mining chemicals market. Major players in the market, such as BASF, have been aligning their businesses to suit customer needs for specific industries. AECI is another example of a company that works on this model. Its branch AEL Mining Services primarily provides mining solutions for blasting operations. Clariant focuses on the provision of mining solutions for mineral processing, froth flotation, and blasting and drilling applications.
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Geographic Segmentation: – APAC, Europe, MEA, North America, South America
To calculate the Mining Chemical market size the report considers the revenue generated from the sales of mining chemicals for applications like blasting and drilling, mineral processing, and water and waste treatment in the mining industry. The report covers the market landscape and its growth prospects over the coming years. Further it converses about key vendors operating in Mining Chemical market like AECI, BASF, Chevron Phillips Chemical, Clariant, Cytec Solvay and many more.
Some of the Exhibits included in Mining Chemical Market report: –
Exhibit 01: Global mining chemicals market
Exhibit 02: Global mining chemicals market by product type
Exhibit 03: Global mining chemicals market by application
Exhibit 04: Global mining chemicals market by geography
Exhibit 05: Product offerings
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With geographic breakdown of the Mining Chemical market in terms of detailed analysis and impact, this report provides business dimensions with an eye on growth opportunities and contribution of upcoming market segments.