Mining Chemicals: A Global Strategic Business Report
San Jose, California (PRWEB) August 02, 2013
Follow us on LinkedIn – Mining remains an indispensable industry in the 21st century with economic prosperity and competitiveness critically hinged onto the level of mining activity. Mineral commodities are essential to modern industries and their omnipresent use in almost every walk of life is undeniable. Moreover, with the developing economies urbanizing at a rapid pace, demand for metals and minerals has shown significant improvement in recent years. Mining chemicals play a vital role in enhancing the productivity and efficiency of mining processes. As the global demand for minerals grow, the mining industry faces a new set of challenges. In upcoming years, legal and regulatory laws regarding environment and safety concerns are expected to propel increasing investments in development of chemicals which are safer and environmentally friendly. Production challenges and bottlenecks faced by the mining industry interestingly provide a business case for mining chemicals. Growing demand for minerals, increased mining activities and the ensuing depletion of high-grade ore deposits, have necessitated mining companies to tap into lower quality ores. With deposits becoming difficult to access and ore bodies being inferior in quality, processing of ores is becoming more difficult and complex. High energy costs associated with deeper mining and processing methods is necessitating the need for high quality, technologically advanced mining chemicals. Mine specific chemical solutions are expected to rise in importance with mining projects requiring unique chemicals with different compositions.
Strong demand exists for chemicals which can offer value added benefits in the form of higher mineral recovery given the growing importance for cost effective mining operations. With mine safety gaining the much needed attention, development of safer and better operating procedures is gathering focus. Under the new environmental statutory norms, novel mining chemicals are expected to gain prominence. 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 blow stronger in the future, R&D investments on eco-friendly chemicals are expected to intensify. Moreover, falling grades of ores is amplifying the usage of water in mining processes, thereby lending scope to the water treatment chemicals market.
Explosives & Drilling represents the largest as well as the fastest growing application for mining chemicals. Coal Mining constitutes the major end-use sector for explosives. Industrialization and high prices of alternative energy sources is driving the demand for thermal coal, which in turn is bolstering the worldwide explosives market. Developing countries are expected to provide momentum for explosives’ sales in the next few years. Countries in the Pacific Rim and Latin America, where penetration levels are low despite rich metal and coal reserves, offer tremendous scope for explosives.
As stated by the new market research report on Mining Chemicals, Asia-Pacific represents the single largest regional market worldwide, followed by the United States. 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. Developing regions are witnessing heavy investments from both domestic and international companies, along with a concentration of production facilities.
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 visit – http://www.strategyr.com/Mining_Chemicals_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a leading publisher of off-the-shelf market research. Founded in 1987, the company currently employs over 800 people worldwide. Annually, GIA publishes more than 1300 full-scale research reports and analyzes 40,000+ market and technology trends while monitoring more than 126,000 Companies worldwide. Serving over 9500 clients in 27 countries, GIA is recognized today, as one of the world's largest and reputed market research firms.
Global Industry Analysts, Inc.
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