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Europe Mining Chemicals Market - Segmented by Function, Application, and Geography - Growth, Trends and Forecast (2020 - 2025)

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The Europe mining chemicals market was estimated to be USD 471.59 million in 2017. The market is expected to register a CAGR of 1.81% during 2018 to 2023 (the forecast period). Germany is expected to lead the market, followed by the United Kingdom.  

Increasing Demand for Specialty Chemicals in Mining Process

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.

Flotation Chemicals – the fastest-growing segment by function

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 margin of the players in the market.

Germany to Dominate the Market in the Region Through 2023

Every year, around 800 million metric ton of products are mined in Germany, out of which sand and gravel, crushed rock, and lignite constitute the main part. The number of gravel and sand mining sites in Germany amount to more than 2,200 quarries, with a total annually production of nearly 500Mt. The turnover of the industry was EUR 3.2 billion in 2014. The country also fares well when ranked for various minerals’ production. With increasing mining activity in the country, companies increasingly use mining chemicals to follow with the standards laid down by the European government, which will drive the market for mining chemicals in Germany through 2021.

Key Developments

  • June 2017: BASF and Norilsk Nickel, a mining company, entered exclusive negotiations to cooperate on raw material supply for battery material production in Europe.
  • April 2017: BASF planned to increase prices for flocculants, for the mining industry, worldwide.
  • March 2017: Dow launched Sustainable Natural Solution to address mine-impacted water.

Major Players: BASF SE, DowDuPont, Cytec Solvay Group, Clariant, Huntsman Corporation, and Kemira Oyj, amongst others.

Reasons to Purchase this Report

  • Current and future Europe mining chemical market outlook in the developed and emerging markets
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • The segment that is expected to dominate the market
  • Regions that are expected to witness fastest growth during the forecast period
  • Identify the latest developments, market shares and strategies employed by the major market players
  • 3 months analyst support, along with the Market Estimate sheet (in excel)

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