Stratview Research announces the launch of a new market research report on Mining Chemicals Market by Type (Frothers, Flocculants, Solvent Extractants, Collectors, Grinding Aids, and Others), by Mineral Type (Base Metal, Non-Metallic Minerals, Rare Earth Metals, and Precious Metals), by Application type (Blasting & Drilling, Mineral Processing, Water & Wastewater Treatment, and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World), Trend, Forecast, Competitive Analysis, and Growth Opportunity: 2018-2023.
The Global Mining Chemicals Market: Highlights
As per Stratview Research, the global mining chemicals market is anticipated to grow at a healthy CAGR of 4.7% during the forecast period of 2018 to 2023. Organic growth in the mining sector, an extensive usage of mining chemicals for better yield, and a greater amount of chemicals required for processing of lower-grade ores are some of the major factors that are proliferating the growth of the mining chemicals market.
The grinding aids segment is projected to remain the largest segment of the market during the forecast period. The segment is also likely to witness the highest growth during the same period, driven by its extensive usage for limestone grinding in cement production.
Based on the application type, the blasting & drilling segment is expected to remain the dominant segment of the mining chemicals market during the forecast period. The segment is also likely to witness the highest growth during the same period, driven by the coal industry.
In terms of region, Asia-pacific is expected to remain the largest mining chemicals market during the forecast period of 2018 to 2023. The region is also likely to experience the highest growth during the same period. Rapid economic expansion along with growing industrial and infrastructural activities in the developing economies are driving the market in the Asia-Pacific region.