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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