[FURL=https://www.industryarc.com/Report/234/global-mining-chemicals-market-research-report.html?utm_source=briefingwire&utm_medium=pressrelease&utm_campaign=paidpressrelease]Mining Chemicals Market[/FURL] size is forecast to reach US$32.7 billion by 2027, after growing at a CAGR of 4.6% during 2022-2027. The process of mining involves extracting valuable minerals from the Earth, usually through an ore. Growing mining of coal, oil shale, gemstones, limestone, chalk, and dimension are triggering the market growth for mining chemicals. The growing population and intensive industrialization are driving wastewater treatment processes among end-users. The Flocculants are used in water treatment to remove solids in water by forming larger clusters. The flocculation process may happen spontaneously or with the assistance of chemical agents. As a method of treating stormwater, wastewater, and drinking water, this method is mostly used. Growing demand for minerals, rising emphasis on water & wastewater treatment, and increasing mining activities are among the key trends spurring market growth.Key Takeaways
Over the past century, mining operations have dramatically increased their environmental footprint due to an increased global demand for mined commodities. As a result, construction minerals have increased by a factor of 34, ores and industrial minerals by a factor of 27 and biomass extraction by 3.6.
The mineral processing segment is estimated to grow at a CAGR of 4.9% during the forecast period.
The Asia Pacific region is expected to grow at a high CAGR of 5.8% during the forecast period. The growing mining activities and presence of several mines in the region are supporting the market growth.
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Mining Chemicals Market: By Geography
Asia Pacific region held the largest share in the mining chemicals market in 2021 up to 42%, owing to the rapid growth in the mining activities in the region. Over the years, China has produced 11% of the world's mines, making it the top exporter. Government policies imposing stronger environmental regulations have contributed to the downturn. According to the data published by Forbes, in the past 8 years, Australia's production has increased substantially. More than 50% of Australia's exports come from the minerals industry, which generates 8% of the nation's gross domestic product. In addition to higher production at some mines, Mount Morgans and Cadia Valley have ramped up their activities.
Mining Chemicals Market Drivers
Transition to a low-carbon economy
Mining Chemicals Industry Outlook
Major players in the mining chemicals industry are AkzoNobel N.V., BASF SE, Clariant International Ltd, Cytec Industries Inc, Kemira OYJ, The Dow Chemical Company, Huntsman International LLC, Orica Limited, ArrMaz Products, L.P., SNF Floreger, Other Companies
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