January 28, 2015
Wellesley, Mass., January 28, 2015 –BCC Research (www.bccresearch.com) reveals in its new report on mining chemicals, the demand for mining chemicals in mining applications is expected to witness a steady gain due to the growing global demand for coal, cobalt, copper, gold, iron ore and diamonds. The expansion in the mining industry in countries such as Brazil, China, Australia, Chile and countries of Africa is also predicted to act as a major growth factor on the mining chemicals market. In 2013 the global mining chemicals market was worth $19.4 billion and estimated to grow to $28.5 billion with a compound annual growth rate (CAGR) of 6.6% through 2019.
The global mining chemicals market is set to increase, albeit at varying growth rates across different regions. North America and Europe will see slower advancement (with a CAGR of 5.9% and 4.6%, respectively, through 2019) as compared to the Asia-Pacific (APAC) region and the rest of the world (ROW), which will see estimated CAGRs of 7.4% and 7.1%, respectively, through 2019. Given the surge of mining activities in China, mining chemical manufacturers are increasingly turning to that market.
“Production of minerals for economic use involves a series of physical and chemical processes. These may occur at any time, from excavation of the ore that contains the metal in mineral form through production of the metal in marketable form,” says Amruta Behere. “APAC has the largest share in the mining chemicals market and is anticipated to record the fastest growth in demand during the period from 2014 to 2019.”
Population growth and increasing urbanization in emerging economies and current requirements in developed countries has also stimulated the demand for minerals and metals. Minerals and metals form essential building blocks of infrastructure and services used by society.
Mining Chemicals: Applications and Global Markets is an in-depth analysis of the global mining chemicals market, including market estimations and trends through 2019. Major players, their market share, technical analysis of chemicals, market dynamics, competitive intelligence and geographic trends are covered in detail in this report.
Editors and reporters who wish to speak with the analyst should contact Steven Cumming at steven.cumming@bccresearch.com.
Mining Chemicals: Applications and Global Markets( AVM119A )
Publish Date: Nov 2014
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