The Asia-Pacific mining chemicals market was estimated to be USD 1,549.65 million in 2017. The market is expected to register a CAGR of 4.72 % during 2018 to 2023 (the forecast period). China is expected to lead the market, followed by India. By the function segment, floatation chemicals are expected to possess high share in the market.
Specialty chemicals are used in almost all the steps in the mining process. The mining industry has witnessed shifts in its production techniques, from tunneling to open pit mining, which has made it possible to mine ores of declining grades, and decrease the overall costs. In addition, specialty chemicals are also used in the later stages of production chain, like smelting, refining, manufacturing, and commodity trading.
Collectors dominated the flotation chemicals segment in 2017, while dispersants are expected to register the fastest growth through 2023. However, certain factors, such as logistics and transportation costs of flotation chemicals and stringent regulatory policies, are expected to adversely affect the profitability margins of the players in the market.
China holds the majority share of the Asia-Pacific mining chemical industry. The Chinese mining industry has more than 10,000 mines, the majority share is held by the state. It is world’s largest producer of gold, coal, and other earth minerals. Moreover, it is also a leading consumer of mining products. In addition to the existing wastewater treatment plants, there are ongoing advances, such as expansion of existing wastewater sewage treatment plants and establishment of new sewage treatment plants. Mining chemicals are largely used in the mining industry for recovering minerals from the slurry, separation of impurities, purification of certain minerals, and many other applications.
Major Players: BASF SE, The Dow Chemical Company, Cytec Solvay Group, and Clariant, amongst others.
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness - Porter’s Five Forces Analysis
3.2.1 Bargaining Power of Suppliers
3.2.2 Bargaining Power of Buyers
3.2.3 Threat of New Entrants
3.2.4 Threat of Substitute Products and Services
3.2.5 Degree of Competition
4. Market Dynamics
4.1.1 Growing demand for explosives and specialty chemicals
4.1.2 Increasing demand for eco-friendly and sustainable chemicals
4.1.3 Increasing mining activities
4.1.4 Increasing exploitation of low quality ores.
4.2.1 Stringent environmental regulations
4.2.2 High logistics cost
4.3.1 Use in Exploration & analysis
5. Market Segmentation and Analysis (Market size, growth and forecast)
5.1 By Function
5.1.1 Flotation Reagents
5.1.2 Extraction Chemicals
5.1.5 pH adjuster
5.1.6 Grinding Aids
5.2 By Application
5.2.1 Blasting & drilling
5.2.2 Mineral Processing
5.2.3 Water & waste treatment
6. Regional Market Analysis (Market size, growth and forecast)
6.1.4 South Korea
6.1.9 Australia & New Zealand
6.1.10 Rest of APAC
7. Competitive Landscape
7.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
7.2 Market Share Analysis**
7.3 Strategies Adopted by Leading Players
8. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
8.5 Beijing Hengju
8.6 FMC Corp.
8.10 Dyno Nobel
8.12 Kemira Oyj
8.13 Nalco Company
8.14 Orica Limited
8.15 Qingdao Ruchang Trading
8.16 Quaker Chemicals
8.19 SNF Flomin
8.20 Nasaco International
8.23 Exxon Mobil
8.24 Celanese AG
*List not exhaustive
**Subject to Availability on public Domain