Mining Chemicals: A Global Strategic Business Report
San Jose, California (PRWEB) February 25, 2015
Follow us on LinkedIn – Mining chemicals play a vital role in enhancing the productivity and efficiency of mining processes. Depleting reserves of high grade mineral deposits is leading to exploitation of deeper lying deposits involving complex extraction processes and use of advanced mining chemicals to aid in the extraction and processing of low quality ores. Low quality ore deposits which are hard to extract are therefore creating a strong demand for superior chemical solutions. Varying surface landscape of mining is making a one size fits all strategy less relevant in the market. Mine specific chemical solutions will rise in importance in the coming years, as each mining operation even within a given ore type requires unique chemicals. Ore deposits in different mines require different treatment solutions. Custom mining chemicals with custom blends for individual mines will experience the highest gains in the coming years.
Against a backdrop of falling commodity prices, austerity in investments in the mining industry, and rising cost of production, the emphasis on mining productivity is increasing. High energy costs associated with deeper mining and processing methods is necessitating the need for high quality, technologically advanced mining chemicals. The need to enhance metal recovery from mining operations is assuming critical importance and is therefore pushing demand for specialized chemicals. Manufacturers are focusing on the development of chemicals which are safer and environmentally friendly. Growing environmental concerns and the pressure on mine operators to reduce their carbon footprint will drive demand for green chemicals. Eco-friendly mining chemicals also help mining companies reduce compliance costs associated with environmental remediation. With the trend towards low-carbon production of minerals poised to grow stronger in the future, R&D investments on eco-friendly chemicals are expected to intensify.
Explosives & Drilling Chemicals represents the largest as well as the fastest growing application area for mining chemicals. Industrialization and high prices of alternative energy sources are driving the demand for thermal coal, which in turn is bolstering demand for chemicals used in the mine preparation stage. Countries in the Pacific Rim and Latin America, where penetration levels are low despite rich metal and coal reserves, offer significant opportunities for the growth of explosives formulations.
As stated by the new market research report on Mining Chemicals, Asia-Pacific represents the single largest and the fastest growing regional market with a CAGR of 6.5% over the analysis period. China in particular is expected to corner a lion’s share of the global market supported by rapid urbanization and rising standards of living. Sheltering some of the largest mines in the world, developing regions of Latin America, Africa, Australia, Russia and Asia are expected to emerge as leaders in the global mining sector in the upcoming years.
Major players covered in the report include Air Products and Chemicals Inc., AECI Limited, BASF SE, Cheminova A/S, Dyno Nobel Inc., Orica Limited, Nalco Company, Orica Limited, Quaker Chemical Corporation, SNF FloMin Inc., Cytec Industries Inc. and Cheminova A/S among others.
The research report titled "Mining Chemicals: A Global Strategic Business Report" announced by Global Industry Analysts, Inc., provides a comprehensive review of trends, issues, strategic industry activities, and profiles of major companies worldwide. The report provides market estimates and projections in US$ for application segments including Processing Chemicals, Explosives & Drilling, Water & Waste Treatment and Others. Geographic markets analyzed in the report include the United States, Canada, Europe (Russia, Ukraine and Rest of Europe), Asia-Pacific (China, Australia and Rest of Asia-Pacific) and Rest of World.
For more details about this comprehensive market research report, please click here
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