Mining Chemicals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Mining Chemicals Market is segmented by function (flotation chemicals (collectors, depressants, flocculants, frothers, and disperants), extraction chemicals (diluents and extractants), and grinding aids), application (mineral processing and wastewater treatment), and geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa). The market size and forecasts for all the above segments in volume (kilotons).

Mining Chemicals Market Size

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Mining Chemicals Market Summary
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Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR > 4.00 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration High

Major Players

Mining Chemicals Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Mining Chemicals Market Analysis

The global mining chemicals market is expected to record a CAGR of over 4% during the forecast period. The growing usage of mining chemicals in mineral processing and wastewater treatment is expected to boost the market's growth.

  • The key driving factors responsible for the growing demand for mining chemicals include increasing mining activities in Asia-Pacific and North America and the increasing demand for specialty chemicals in mining processes.
  • However, stringent environmental regulations are the key restraints that may slow down the market's growth.
  • Increasing investments and new mining projects in Africa will likely create market opportunities over the coming years.
  • The Asia-Pacific region is expected to dominate the market and is anticipated to witness the highest CAGR during the forecast period.

Mining Chemicals Market Trends

This section covers the major market trends shaping the Mining Chemicals Market according to our research experts:

Increasing Use of Mining Chemicals in Mineral Processing

  • Mining chemicals aid the mining and mineral processing industries in attaining maximum efficiency through improved selectivity and higher recovery while providing environmental benefits.
  • Many reagents, known as modifying agents, are used in the flotation of sulfide ores. It is especially true in the case of complex ores, where two or more valuable minerals have to be separated from each other.
  • Sulfuric acid is a chemical used in copper mining. It is also a byproduct of many kinds of mining. It is mixed with water and heavy metals to form acid mine drainage.
  • Canada's mining industry is the leading global potash producer, and it is ranked among the top five producers of aluminum, diamonds, gemstones, gold, indium, niobium, platinum group metals, titanium concentrate, and uranium.
  • Aluminum and steel mining requires numerous chemicals for various purposes, such as refining, separation, grinding, and blasting. Among the compounds utilized are sodium hydroxide, ammonium nitrate, calcium hydroxide, soda ash, and lime. The use of these substances is regulated to guarantee worker and environmental safety.
  • In 2022, the world produced 1.87 billion tonnes of crude steel, as the World Steel Association reported.
  • According to the International Aluminum Institute, by the end of 2022, aluminum production had reached 68.41 million metric tonnes, up 1.96% from 2021 levels.
  • In line with the growing mining and processing activities worldwide, the consumption of mining chemicals is also increasing.
World Aluminum Production, Million metric tons, 2017-2022

Asia-Pacific to Dominate the Market during the Forecast Period

  • Countries in Asia-Pacific have made considerable investments in the mining sector, with a particular emphasis on minerals such as lithium, cobalt, and nickel, widely utilized in battery technologies. As the world shifts towards more clean-tech economies, these countries are projected to dominate the market in the future, with batteries being one of the primary marketplaces.
  • China is one of the world's top producers of minerals and metals. The country is a significant supplier of coal, iron ore, aluminum, lead, zinc, tin, and rare earth. China also produces substantial gold, silver, and other precious metals.
  • According to the World Steel Association AISBL, China produced 1.01 billion tonnes of steel in 2022, accounting for 54% of global production. India includes the world's fifth-largest iron ore deposits.
  • With an output of 9.5 MT in September 2021, India was the world's second-largest producer of crude steel. The government allotted INR 47 crore (USD 6.2 million) to the Ministry of Steel in the Union Budget 2022-23.
  • CIL's board of directors approved 32 coal-mining projects for the fiscal year 2021, representing an incremental capital investment of roughly INR 47,300 crore (USD 5.53 billion).
  • The increasing development of infrastructure and the ease of government laws and regulations in India and China are expected to drive demand for specialty chemicals in mining activities in this region.
  • Mining chemical demand is predicted to climb further due to rapid industrialization and increased spending on infrastructure projects such as railways, roads, and highways.
Mining Chemicals Market - Growth Rate by Region, 2023-2028

Mining Chemicals Industry Overview

The mining chemicals market is partially consolidated, with the top five players accounting for about 40% of the market share. Key players in the mining chemicals market include BASF SE, Solvay, Chevron Phillips Chemicals Pvt. Ltd, Clariant AG, and AECI.

Mining Chemicals Market Leaders

  1. BASF SE

  2. Clariant AG

  3. Solvay

  4. Chevron Phillips Chemicals

  5. AECI

*Disclaimer: Major Players sorted in no particular order

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Mining Chemicals Market News

  • February 2023: AECI unveiled its water treatment program to reuse water, reduce its carbon footprint, and promote sustainability. AECI Water uses desalination methods to treat and reuse fissure water at a platinum mine in North West. Process water is being treated and reused at a deep-level gold mine in the North West using patented chemical techniques. This treated process water is used in high-temperature cooling systems to maintain asset integrity.
  • January 2023: According to local officials, the German chemical company BASF and the French mining company Eramet are finalizing a USD 2.6 billion agreement to process nickel in Indonesia. The report coincides with Indonesia's efforts to attract international investment in its resources for electric vehicle (EV) batteries.

Mining Chemicals Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Mining Activities in Asia-Pacific and North America

      2. 4.1.2 Increasing Demand for Specialty Chemicals in Mining Processes

    2. 4.2 Restraints

      1. 4.2.1 Stringent Environmental Regulations

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Suppliers

      2. 4.4.2 Bargaining Power of Consumers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products and Services

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Function

      1. 5.1.1 Flotation Chemicals

        1. 5.1.1.1 Collectors

        2. 5.1.1.2 Depressants

        3. 5.1.1.3 Flocculants

        4. 5.1.1.4 Frothers

        5. 5.1.1.5 Disperants

      2. 5.1.2 Extraction Chemicals

        1. 5.1.2.1 Diluents

        2. 5.1.2.2 Extractants

      3. 5.1.3 Grinding Aids

    2. 5.2 Application

      1. 5.2.1 Mineral Processing

      2. 5.2.2 Wastewater Treatment

    3. 5.3 Geography

      1. 5.3.1 Asia-Pacific

        1. 5.3.1.1 China

        2. 5.3.1.2 India

        3. 5.3.1.3 Japan

        4. 5.3.1.4 South Korea

        5. 5.3.1.5 Indonesia

        6. 5.3.1.6 Malaysia

        7. 5.3.1.7 Australia & New Zealand

        8. 5.3.1.8 Rest of Asia-Pacific

      2. 5.3.2 North America

        1. 5.3.2.1 US

        2. 5.3.2.2 Mexico

        3. 5.3.2.3 Canada

      3. 5.3.3 Europe

        1. 5.3.3.1 Germany

        2. 5.3.3.2 UK

        3. 5.3.3.3 France

        4. 5.3.3.4 Italy

        5. 5.3.3.5 Russia

        6. 5.3.3.6 Rest of Europe

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East and Africa

        1. 5.3.5.1 Nigeria

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Tanzania

        4. 5.3.5.4 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)**/Ranking Analysis

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 3M

      2. 6.4.2 AECI

      3. 6.4.3 Arkema

      4. 6.4.4 BASF SE

      5. 6.4.5 Betachem (Pty) Ltd

      6. 6.4.6 Chevron Phillips Chemicals Co. Ltd

      7. 6.4.7 Clariant AG

      8. 6.4.8 CP Kelco US Inc.

      9. 6.4.9 CTC Mining (Tennant Chemicals Company Limited)

      10. 6.4.10 Ecolab

      11. 6.4.11 FMC Corporation

      12. 6.4.12 Huntsman International LLC

      13. 6.4.13 Kemira

      14. 6.4.14 NASACO

      15. 6.4.15 Orica Limited

      16. 6.4.16 Qingdao Ruchang Mining Industry Co. Ltd

      17. 6.4.17 Sasol

      18. 6.4.18 SNF

      19. 6.4.19 Solvay

      20. 6.4.20 SUEZ

      21. 6.4.21 The Chemours Company

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Increasing Investments and New Mining Projects in Africa

**Subject to Availability
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Mining Chemicals Industry Segmentation

Mineral and ore mining requires chemicals. These chemicals take rich minerals and metals from ore and convert them for industrial use. Flotation reagents remove minerals from waste rock and other ore contaminants. Cyanide extracts gold from ore, and acids dissolve and recover copper and nickel.

The mining chemicals market is segmented by function (flotation chemicals, extraction chemicals, and grinding aids), application (mineral processing and wastewater treatment), and geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The report also covers the size and forecasts for the mining chemicals market in 20 countries across major regions. For each segment, market sizing and forecasts have been done based on volume (kilotons).

Function
Flotation Chemicals
Collectors
Depressants
Flocculants
Frothers
Disperants
Extraction Chemicals
Diluents
Extractants
Grinding Aids
Application
Mineral Processing
Wastewater Treatment
Geography
Asia-Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Australia & New Zealand
Rest of Asia-Pacific
North America
US
Mexico
Canada
Europe
Germany
UK
France
Italy
Russia
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Nigeria
South Africa
Tanzania
Rest of Middle-East and Africa
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Mining Chemicals Market Research FAQs

The Mining Chemicals Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)

BASF SE, Clariant AG, Solvay, Chevron Phillips Chemicals and AECI are the major companies operating in the Mining Chemicals Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the Asia-Pacific accounts for the largest market share in Mining Chemicals Market.

The report covers the Mining Chemicals Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Mining Chemicals Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Mining Chemicals Industry Report

Statistics for the 2024 Mining Chemicals market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Mining Chemicals analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

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Mining Chemicals Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)