New Report Says US Demand for Mining Chemicals Will Surpass $2 billion in 2011

Piribo, the online destination for business intelligence for the biotech and pharmaceutical industry, has now added a new report which finds that US demand for mining chemicals is projected to surpass $2 billion in 2011.

(PRWEB) February 8, 2008 -- Piribo, the online destination for business intelligence for the biotech and pharmaceutical industry, has now added a new report which finds that US demand for mining chemicals is projected to surpass $2 billion in 2011.

"Mining Chemicals - US industry forecasts for 2011 & 2016" which is available at http://www.piribo.com/publications/chemical/mining_chemicals.html finds that explosives will remain the leading mining chemical.

The report says explosives, which accounted for more than half of total mining chemical demand in 2006, will continue to be the single largest product category based mainly on their extensive use in coal and aggregate production.

Authors also say that the large coal market offers best opportunities. Coal production was the largest market for mining chemicals in 2006, based primarily on large explosives requirements, and will provide the best growth.

The study finds that high natural gas and petroleum prices are renewing interest in coal as an energy source. It states that high prices and strong global demand are improving prospects for US producers as imports are diverted to fast growing Asian consumers. Additionally, the report finds that US companies are considering capacity expansions, even at sites which were not considered economically feasible in the past, propelled by these factors.

Analysts believe that there is a growing emphasis on the use of chemicals to improve operating efficiency at mines and mineral processing facilities aided by improved fundamentals in the US mining industry.

The study considers market environment factors and global trends, evaluates company market share and profiles 32 US mining chemical industry competitors.

"Mining Chemicals - US industry forecasts for 2011 & 2016" is available in pdf format from Piribo. For more information, go to:
http://www.piribo.com/publications/chemical/mining_chemicals.html

Piribo product ID: FED037

About Piribo
Piribo (http:www.piribo.com) is a UK-based independent online store supplying business information on the pharmaceutical and biotechnology industries. The website now carries over 7,000 English language titles including, market reports, studies and books and is the UK's largest online biopharma information store. Subscribers receive a free monthly newsletter and email alerts on new titles in their areas of interest. The company was established in 2004.

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