Global Mining Chemicals Market to Grow at 4.6% CAGR through 2022, Says M&M in Its New Report Recently Added at MarketPublishers.com22 Jun 2017 • by Natalie Aster
LONDON – Today, a wide array of different general and specialty chemicals (for example, flocculants, grinding aids, solvent extractants and flotation reagents) is used in mining processes to increase efficiency and productivity.
Rising complexity of ores together with the high demand for minerals and metals is predicted to propel the demand for mining chemicals in the year ahead. The mining chemicals market is poised to gain traction through 2022, increasing at a 4.6% CAGR. By 2022, the value of the mining chemicals market will likely climb to USD 7.54 billion.
Still, the market growth could be restrained by certain factors like high energy costs, stringent regulatory norms, low profitability and poor internal demand in developed countries.
Amid applications, the explosives and drilling sector captures the biggest share of the overall mining chemicals market. This application sector is predicted to increase at the highest pace through 2022.
The fastest growth pace is predicted to be registered in the APAC mining chemicals market, majorly due to robust expansion of economies in this region.
Cutting-edge report “Mining Chemicals Market by Product Type, Mineral Type, Application, and Region - Global Forecast to 2022” elaborated by MarketsandMarkets (M&M) gives in-depth insights into the market landscape, discusses the prevailing development trends, investigates the actual state of the major geographical markets and provides access to updated info on the mining chemicals market performance. This new study sheds light on the key growth hinders and drivers, challenges and opportunities. Besides, in covers the regulative environment, competitive landscape, leading companies, key market segments and recent industry developments. In addition, this report includes an all-round future outlook for the mining chemicals market through 2022.
To find other cutting-edge reports by this publisher visit the M&M online catalogue at MarketPublishers.com.