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Minerals such as copper, clay and iron are mainly used in construction and manufacturing. With rapid industrialization in regions such as China, India and Brazil, there is an increasing demand of these essential minerals. This in turn drives the demand for mining chemicals. In addition, certain minerals like phosphate and potash are used in fertilizers and animal feed for increasing output. Also, technological advancement has led to the use of metals like gold, selenium and palladium in SIM cards and CPU’s.
Logistics play an important role in determining the prices of mining chemicals. Mines are located in remote areas of regions. Hence the transportation cost is a major factor of the mining companies. In addition, certain chemicals like xanthane are highly unstable and this property restricts their transportation on regular cargo ships. The above mentioned factors play a key role in deciding the prices for mining chemicals. In addition, mining activity has become a major challenge due to hindrances in accessibility of remote mines.
The environmental impact of mining is a major matter of concern for mining companies. This has led to an increased demand for environmental friendly reagents. Another major concern for these companies is wastage of water. Thus, mining companies are looking for chemicals which are environmental friendly as well as help in water conservation.
Additionally, mining chemicals cannot be standardized as the ores differ in small, but significant ways from region to region. Thus, there is a continual change in composition of mining chemicals based on the needs of the region.
Some of the market players in this industry include Akzo Nobel, BASF, Chevron Philips Chemical, Clariant International, Huntsman Corporation, Dow Chemical, Cytec Industries, MAXAM Corporation, Dyno Nobel, Nasaco International, Orica Limited, Ashland Inland, Sasol Limited, Nalco Holdings and Austin Powder among others.
This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Rest of the World
This report provides comprehensive analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
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