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Mining Chemicals Market Size To Reach USD 27.90 Billion By 2020 : Radiant Insights,Inc

San Francisco, Feb. 23, 2016 (GLOBE NEWSWIRE) -- Global Mining Chemicals Market is expected to reach USD 27.90 billion by 2020, according to a new study by Grand View Research, Inc. Mining industry growth in India, China, Australia, Chile and Peru is expected to drive market growth in the near future. Concentration of rare earth metals in China is expected to promote extraction and drilling activities, which is likely to drive market growth for mining chemicals over the forecast period. Decreasing ore qualities of nickel, zinc, lead and copper has increased importance of frothers, flocculants, solvent extractants and grinding aids, which is expected to augment sales over the forecast period.

Water & waste water treatment was the largest application, accounting for more than 35% of market revenue in 2013. Mining chemicals market demand in water & waste water treatment is expected to witness growth owing to regulatory pressure aimed at reducing water pollution caused by mining.

Browse Full Research Report With TOC On "Mining Chemicals Market Analysis By Product (Frothers, Flocculants, Collectors, Solvent Extractants, Grinding Aids), By Application (Mineral Processing, Explosives & Drilling, Water & Wastewater Treatment) And Segment Forecasts To 2020" at: http://www.radiantinsights.com/research/mining-chemicals-market-analysis-by-product-frothers-flocculants-collectors-solvent-extractants-grinding-aids-by-application-mineral-processing-explosives-amp-drilling-water-amp-wastewater-treatment-and-segment-forecasts-to-2020

Further key findings from the study suggest:

  • Grinding aids was the largest product segment, exceeding 40% of global mining chemicals market share in 2013. Rising concern for grinding cost in mining industry is expected to augment grinding aids market growth over the forecast period.
  • Asia Pacific was the largest mining chemicals market, accounting for more than 35% of global revenue in 2013. Mining industry growth in India, China and Australia is expected to have a positive impact on market in the near future.
  • Emergence of Latin America and Africa as mining hub on account of increasing merger and acquisitions activities due to supportive government policies for mineral extraction and production is expected to have a positive impact the market.
  • Global mining chemicals market is highly fragmented on account of presence of numerous manufacturers globally. Profitability is expected to be a key concern for market players owing to high cost of raw materials coupled with increasing logistics expenditure. Key market participants include BASF, Dow Chemicals, Ashland, Cytec and SNF FloMin. BASF established a new technological laboratory at Johannesburg in June 2013, aimed at product development for the mining industry.

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Global Mining Chemicals Product Outlook (Revenue, USD Million, 2012 - 2020)

  • Frothers
  • Flocculants
  • Collectors
  • Solvent extractants
  • Grinding aids
  • Others

Global Mining Chemicals Application Outlook (Revenue, USD Million, 2012 - 2020)

  • Mineral Processing
  • Explosives & Drilling
  • Water & Wastewater
  • Others

Global Mining Chemicals Regional Outlook (Revenue, USD Million, 2012 - 2020)

  • North America
  • Europe
  • Asia Pacific
  • RoW

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About Radiant Insights

Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy.Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience helping us deliver excellence in all research projects we undertake.

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Source: Radiant Insights