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North America mining chemical market is expected to register a CAGR of 2.74%, during 2018 to 2023 (the forecast period). The United States dominated the North America mining chemicals market, while Mexico is expected to register the fastest growth through the forecast period.
Canada is a global leader in mining operations in the world, with active production of more than 60 metals and minerals. Additionally, the mining industry in Mexico, also, has always been in focus for foreign mining companies and investors, due to its vast resources of precious metals and minerals, coupled with flexible legal requirements and skilled and cheap labor. The above mentioned factors are expected to drive the mining activities in these countries, which in turn, shall drive the market for mining chemicals in North America, through the forecast period.
Collectors dominated the flotation chemicals segment in 2017, while dispersants registered the fastest growth through 2023. The North America mining flotation reagents segment is expected to reflect growth over the forecast period. 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 involved in the market.
Though mineral processing application dominated the North America mining chemicals market, the wastewater treatment segment is expected to register the fastest growth through the forecast period. Growing awareness about increasing environmental concerns, in the past decades, has forced the international mining industry to lay down more stringent regulations concerning water, and has made them opt for modern mining operations, thus, increasing the consumption of mining chemicals in mining wastewater treatment application.
The United States has the largest coal reserve in the world, and is the second-largest producer of gold and copper. Continuous growth in sand, coal, and gravel mine operations has made the United States the leading market in mining chemicals. However, Mexico is expected to register the fastest growth through 2023, due to continuous investment activities in the mining sector.
Major Players: BASE SE, DowDuPont, Cytec Solvay Group, Clariant, Akzo Nobel N.V., The Chemours Company , among others.
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