Mining Chemicals Market
REPORT DESCRIPTION
Mining Chemicals Market( Frothers, Flocculants, Collectors, Solvent Extractants, Grinding Aids and Others) for Mineral Processing, Explosives & Drilling, Water & Wastewater Treatment and Other Applications- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013- 2019
A new report on the global mining chemicals market published by Transparency Market Research( TMR) estimates the market to rise from US $ 18 bn in 2012 to US $ 28.1 bn by 2019. The research study, titled“ Mining Chemicals Market- Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013- 2019,” projects the market to report a CAGR of 6.60 % during the period from 2013 to 2019.
Mining chemicals are utilized in the mining and processing of minerals from their ores. Cyanide, nitric acid, sulfuric acid, ammonium nitrate, gasoline, and acetylene are some of the chemicals widely used in mining. The rapid rise in the mining industry has fueled the demand for these chemicals significantly in the past few years.
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According to the report, the increasing occurrence of complex and low quality ores has fuelled the demand for mining chemicals in the global market. The implementation of stringent government rules and policies for tailings management is also supporting growth of the worldwide mining chemicals market.
As per the research study, the global mining chemicals market is spread across Asia Pacific, North America, Europe, and the Rest of the World. In terms of consumption volume, Asia Pacific led the overall market in 2012 with a majority share and was closely followed by Europe. The strengthening economy has propelled mining activities in this region, resulting in the increased demand for mining chemicals in recent times.
Analysts expect the Asia Pacific mining chemicals market to register a significant rise during the forecast period too. The increasing focus of established mining chemicals producers on expanding
Transparency Market Research
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