The worldwide mining chemicals market size was valued at USD 23.20 billion in 2016. It is anticipated to witness a CAGR of 6.4% from 2016 to 2024. Growing demand for minerals, rising emphasis on water & wastewater treatment, and increasing mining activities are among the key trends spurring market growth. Surging demand for gold, copper, and platinum from various applications is projected to stir up the demand for products over the coming years.
The mining industry has been facing many challenges due to low quality of ore bodies. Increasing demand for gold has led to rise in mining activities, which in turn is expected to drive demand for mining chemicals over the forecast period. For instance, majority players use cyanide for the extraction of gold from its ore.
Product Insights
Grinding aids dominated the global market with a market share of over 46.0% in 2015. The trend is estimated to continue over the forecast period. Increasing focus on recovery of high quality minerals is likely to be an important factor supplementing the growth of the segment. Grinding and milling of ores are essential in recovering valuable minerals.
The collectors used as mining chemicals include xanthates, dithiophosphates, and thiocarbamates. Collectors help in the recovery of copper at low pH value. There are many collectors including copper, lead, soluble, and oily. These collectors are named based on their chemical structure and group. Xanthates are used to treat ores such as iron sulfides and penalty elements. Collectors accounted for a 17.3% of the overall market in 2015.
Flocculants consist of anionic, cationic, and nonionic polymers. It absorbs particles and destabilizes them by bridging or charge neutralization. Anionic flocculants react with the positively charged suspension that results in the production of salts and metallic hydroxides. Cationic flocculants react with negatively charged suspensions. Flocculants have major application in industries and municipalities involved in water treatment
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The mining industry has been facing many challenges due to low quality of ore bodies. Increasing demand for gold has led to rise in mining activities, which in turn is expected to drive demand for mining chemicals over the forecast period. For instance, majority players use cyanide for the extraction of gold from its ore.
Product Insights
Grinding aids dominated the global market with a market share of over 46.0% in 2015. The trend is estimated to continue over the forecast period. Increasing focus on recovery of high quality minerals is likely to be an important factor supplementing the growth of the segment. Grinding and milling of ores are essential in recovering valuable minerals.
The collectors used as mining chemicals include xanthates, dithiophosphates, and thiocarbamates. Collectors help in the recovery of copper at low pH value. There are many collectors including copper, lead, soluble, and oily. These collectors are named based on their chemical structure and group. Xanthates are used to treat ores such as iron sulfides and penalty elements. Collectors accounted for a 17.3% of the overall market in 2015.
Flocculants consist of anionic, cationic, and nonionic polymers. It absorbs particles and destabilizes them by bridging or charge neutralization. Anionic flocculants react with the positively charged suspension that results in the production of salts and metallic hydroxides. Cationic flocculants react with negatively charged suspensions. Flocculants have major application in industries and municipalities involved in water treatment
To request a sample copy or view summary of this report, click the link below:
https://www.grandviewresearch.com/industry-analysis/mining-chemicals-market
