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Technavio’s market research analysts have predicted that the mining chemicals market will register a CAGR of close to 7% by 2022. This industry research report presents a detailed analysis of the mining chemicals market by application such as explosives and drilling, mineral processing, waste and wastewater treatment, and others. The report also presents an analysis of the market’s growth across various geographic regions such as the Americas, APAC, and EMEA.
Minerals and metals are extensively used by different end-use industries such as electrical, electronics and chemical processing industries. The demand for metals and minerals is increasing due to the corresponding increase in the demand for energy. The coal industry is the main end-user of the global mining chemicals industry and the heavy dependence on coal for electricity generation will consequently, power the growth in the global mining chemicals market. The rapid growth of the end-use industries, especially electrical and electronic sectors, fuels the demand for high-purity minerals, resulting in an increase in mining activities across the globe. In addition, other parameters such as improved economies of scale, growing industrialization and urbanization, and the implementation of stringent government regulations against mining hazards will drive the growth in the global mining chemicals market during the forecast period.
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The mining chemicals market is concentrated as the market has few companies. The market is currently in its growth phase and ripe with opportunities. The increase in demand for high-purity chemicals is keeping the mining chemicals companies competitive. This mining chemicals industry analysis report will aid clients in identifying new growth opportunities and designing new growth strategies.
The report offers a complete analysis of mining chemicals suppliers including:
With a comprehensive study of the growth opportunities for companies across regions such as the Americas, APAC, and EMEA, our industry research analysts have estimated that countries in APAC will bring home the maximum growth share in the mining chemicals market through the predicted duration. Growth in this region can be attributed to the improved economies of scale in developing nations like India and China.
According to our market research experts, the explosives and drilling segment will account for the maximum growth of the market. Growth in this segment is supported by the increasing demand for high-purity minerals. Additionally, the report provides an accurate prediction of the contribution of the various end-user segments in the growth of the mining chemicals market size.
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This market research report analyzes the market outlook and provides a list of key trends, drivers, and challenges that are anticipated to impact the global mining chemicals market and its stakeholders over the forecast years. Technavio’s analysts have considered how the performance of other related markets in the vertical will impact mining chemicals market size till 2022.
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Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
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This report is available in English.
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