Mining Chemicals Market in North America by Application and Geography - Forecast and Analysis 2022-2026

Published: Jan 2022 Pages: 120 SKU: IRTNTR72233

The mining chemicals market share in North America is expected to increase by USD 679.59 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.00%.

This mining chemicals market in North America research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers the mining chemicals market in North America segmentation by application (explosives and drilling, mineral processing, water treatment, stockpiles, and others) and geography (US, Canada, and Mexico). The mining chemicals market in North America report also offers information on several market vendors, including 3M Co., Akzo Nobel NV, ArrMaz Products Inc., BASF SE, Clariant International Ltd., CP Kelco US Inc., FMC Corp., Solvay SA, Tennant Chemicals Co. ltd., and The Chemours Co. among others.

What will the Mining Chemicals Market Size in North America be During the Forecast Period?

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Mining Chemicals Market in North America: Key Drivers, Trends, and Challenges

The increasing mining activities in Canada and Mexico are notably driving the mining chemicals market growth in North America, although factors such as growing awareness of mining chemicals on the environment may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the mining chemicals industry in North America. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Mining Chemicals Market Driver in North America

One of the key factors driving the mining chemicals market growth in North America is the increasing mining activities in Canada and Mexico. Mining chemicals are required in metal mining operations during the stage of processing the corresponding ores. Because of their many uses across myriad industries, the consumption of base metals such as iron, steel, aluminum, and others, as well as precious metals such as silver, gold, and platinum, has grown continuously. Canada is a global leader in mining activities with its current production of more than 60 metals and minerals. Furthermore, the mining industry in Mexico has long been a priority for international mining corporations and investors, owing to its abundant supply of precious metals and minerals, as well as the flexible regulatory environment and competent and inexpensive labor. The aforementioned factors are likely to spur mining activities in these nations, which will, in turn, drive the market growth throughout the forecast period.

Key Mining Chemicals Market Challenge in North America

One of the key challenges to the mining chemicals market growth in North America is the growing awareness of mining chemicals on the environment. In mining, the toxic chemicals used include cyanide, sulfuric acid, and solvents for extracting minerals from ore; nitric acid and ammonium nitrate for tunnel blasting; and gasoline, diesel fuel, and exhaust emissions generated from mining equipment and material handling machinery. Furthermore, the most major implications of a mining project are projected to be on water quality and the availability of clean water resources. The quality of water available in the vicinity of the mining project will be essential in evaluating whether surface and groundwater sources will stay safe for human consumption, as well as whether native aquatic life and terrestrial species will be able to thrive. Streams that have been damaged by acid mine drainage have a pH of 4 or lower, which is the same as battery acid, which will greatly affect water bodies. Such factors are expected to hinder the growth of the market during the forecast period.

This mining chemicals market in North America analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.

Parent Market Analysis

Technavio categorizes the mining chemicals market in North America as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the mining chemicals market in North America during the forecast period.

Who are the Major Mining Chemicals Market Vendors in North America?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

  • 3M Co.
  • Akzo Nobel NV
  • ArrMaz Products Inc. 
  • BASF SE
  • Clariant International Ltd.
  • CP Kelco US Inc.
  • FMC Corp.
  • Solvay SA
  • Tennant Chemicals Co. ltd.
  • The Chemours Co.

This statistical study of the mining chemicals market in North America encompasses successful business strategies deployed by the key vendors. The mining chemicals market in North America is fragmented and the vendors are deploying growth strategies such as mergers and acquisitions to compete in the market.

Product Insights and News

  • 3M Co. - The company offers fused silica advanced Shell System GM2, which is a mining chemical.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The mining chemicals market in North America forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Mining Chemicals Market in North America Value Chain Analysis

Our report provides extensive information on the value chain analysis for the mining chemicals market in North America, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the global specialty chemicals market includes the following core components:

  • Inputs
  • Inbound logistics
  • Operations
  • Outbound logistics
  • Marketing and sales
  • Support activities
  • Innovation

The report has further elucidated on other innovative approaches being followed by manufacturers to ensure a sustainable market presence.

Which are the Key Regions for Mining Chemicals Market in North America?

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81% of the market's growth will originate from the US during the forecast period. Market growth in this country will be faster than the growth of the market in other countries.

The significant increase in the demand for mining chemicals in the US for exploration, extraction, beneficiation, and processing of naturally existing solid minerals will facilitate the mining chemicals market growth in the US over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

With the outbreak of COVID-19 and the World Health Organization (WHO) declaring it a pandemic in early 2020, governments in the region enforced countrywide lockdowns that imposed restrictions on people's movement. In addition, in order to prevent the spread of COVID-19 at mining sites, all non-critical maintenance and other non-priority activities were deferred. However, with the number of COVID-19 patients decreasing due to vigorous vaccination programs conducted in 2021, economic activities in the region resumed, fueling higher demand for various mined commodities. As a result of the increased demand for metal ores, we may anticipate significant growth of the mining chemicals market over the forecast period.

What are the Revenue-generating Application Segments in the Mining Chemicals Market in North America?

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The mining chemicals market share growth in North America by the explosives and drilling segment will be significant during the forecast period. The significant increase in the demand for explosives in the mining sector to extract ore and discover orebodies will drive the market growth through this segment. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the mining chemicals market size in North America and actionable market insights on post COVID-19 impact on each segment.

Mining Chemicals Market Scope in North America

Report Coverage

Details

Page number

120

Base year

2021

Forecast period

2022-2026

Growth momentum & CAGR

Accelerate at a CAGR of 5.00%

Market growth 2022-2026

$ 679.59 million

Market structure

Fragmented

YoY growth (%)

4.00

Regional analysis

North America

Performing market contribution

US at 81%

Key consumer countries

 US, Canada, and Mexico

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

3M Co., Akzo Nobel NV, ArrMaz Products Inc., BASF SE, Clariant International Ltd., CP Kelco US Inc., FMC Corp., Solvay SA, Tennant Chemicals Co. ltd., and The Chemours Co.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Mining Chemicals Market in North America Report?

  • CAGR of the market during the forecast period 2022-2026
  • Detailed information on factors that will drive mining chemicals market growth in North America during the next five years
  • Precise estimation of the mining chemicals market size in North America and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the mining chemicals industry in North America  
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of mining chemicals market vendors in North America 

We can help! Our analysts can customize this report to meet your requirements. Get in touch

***1. Executive Summary                         

               **1.1 Market Overview 

                              *Exhibit 01:  Key Finding 1

                              *Exhibit 02:  Key Finding 2

                              *Exhibit 03:  Key Finding 3

                              *Exhibit 04:  Key Finding 5

                              *Exhibit 05:  Key Finding 6

                              *Exhibit 06:  Key Finding 7

***2. Market Landscape                            

               **2.1 Market ecosystem             

                              *Exhibit 07:  Parent market

                              *Exhibit 08:  Market characteristics

               **2.2 Value chain analysis           

                              *Exhibit 09:  Value chain analysis: Global specialty chemicals market

                              *2.2.1 Input

                              *2.2.2 Inbound logistics

                              *2.2.3 Operations

                              *2.2.4 Outbound logistics

                              *2.2.5 Marketing and sales

***3. Market Sizing                      

               **3.1 Market definition

                              *Exhibit 10:  Offerings of vendors included in the market definition

               **3.2 Market segment analysis  

                              *Exhibit 11:  Market segments

               **3.3 Market size 2021 

               **3.4 Market outlook: Forecast for 2021 - 2026 

                              *3.4.1 Estimating growth rates for emerging and high-growth markets

                              *3.4.2 Estimating growth rates for mature markets

                              *Exhibit 12:  North America - Market size and forecast 2021 - 2026 ($ million)

                              *Exhibit 13:  North America market: Year-over-year growth 2021 - 2026 (%)

***4. Five Forces Analysis                         

               **4.1 Five Forces Summary         

                              *Exhibit 14:  Five forces analysis 2021 & 2026

               **4.2 Bargaining power of buyers            

                              *Exhibit 15:  Bargaining power of buyers

               **4.3 Bargaining power of suppliers        

                              *Exhibit 16: Bargaining power of suppliers

               **4.4 Threat of new entrants     

                              *Exhibit 17:  Threat of new entrants

               **4.5 Threat of substitutes          

                              *Exhibit 18: Threat of substitutes

               **4.6 Threat of rivalry   

                              *Exhibit 19: Threat of rivalry

               **4.7 Market condition 

                              *Exhibit 20:  Market condition - Five forces 2021

***5. Market Segmentation by Application                       

               **5.1 Market segments

                              *The segments covered in this chapter are:

  • *Explosives and drilling
  • *Mineral processing
  • *Water treatment
  • *Stockpiles
  • *Others

                              *Exhibit 21:  Application - Market share 2021-2026 (%)

               **5.2 Comparison by Application             

                              *Exhibit 22:  Comparison by Application

               **5.3 Explosives and drilling - Market size and forecast 2021-2026            

                              *Exhibit 23:  Explosives and drilling - Market size and forecast 2021-2026 ($ million)

                              *Exhibit 24:  Explosives and drilling - Year-over-year growth 2021-2026 (%)

               **5.4 Mineral processing - Market size and forecast 2021-2026  

                              *Exhibit 25:  Mineral processing - Market size and forecast 2021-2026 ($ million)

                              *Exhibit 26:  Mineral processing - Year-over-year growth 2021-2026 (%)

               **5.5 Water treatment - Market size and forecast 2021-2026      

                              *Exhibit 27:  Water treatment - Market size and forecast 2021-2026 ($ million)

                              *Exhibit 28:  Water treatment - Year-over-year growth 2021-2026 (%)

               **5.6 Stockpiles - Market size and forecast 2021-2026    

                              *Exhibit 29:  Stockpiles - Market size and forecast 2021-2026 ($ million)

                              *Exhibit 30:  Stockpiles - Year-over-year growth 2021-2026 (%)

               **5.7 Others - Market size and forecast 2021-2026          

                              *Exhibit 31:  Others - Market size and forecast 2021-2026 ($ million)

                              *Exhibit 32:  Others - Year-over-year growth 2021-2026 (%)

               **5.8 Market opportunity by Application              

                              *Exhibit 33:  Market opportunity by Application

***6. Customer landscape                        

                              *Technavio’s customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

               **6.1 Overview

                              *Exhibit 34:  Customer landscape

***7. Geographic Landscape                    

               **7.1 Geographic segmentation

                              *The regions covered in the report are:

  • *US
  • *Canada
  • *Mexico

                              *Exhibit 35:  Market share by geography 2021-2026 (%)

               **7.2 Geographic comparison    

                              *Exhibit 36:  Geographic comparison

               **7.3 US - Market size and forecast 2021-2026   

                              *Exhibit 37:  US - Market size and forecast 2021-2026 ($ million)

                              *Exhibit 38:  US - Year-over-year growth 2021-2026 (%)

               **7.4 Canada - Market size and forecast 2021-2026         

                              *Exhibit 39:  Canada - Market size and forecast 2021-2026 ($ million)

                              *Exhibit 40:  Canada - Year-over-year growth 2021-2026 (%)

               **7.5 Mexico - Market size and forecast 2021-2026         

                              *Exhibit 41:  Mexico - Market size and forecast 2021-2026 ($ million)

                              *Exhibit 42:  Mexico - Year-over-year growth 2021-2026 (%)

               **7.6 Market opportunity by geography

                              *Exhibit 43:  Market opportunity by geography ($ million)

***8. Drivers, Challenges, and Trends                  

               **8.1 Market drivers      

                              *8.1.1 Increasing mining activities in Canada and Mexico

                              *8.1.2 Increasing demand for water treatment chemicals from end-users

                              *8.1.3 Usage of liquid form of coal as fuel and for electricity generation

 

               **8.2 Market challenges              

                              *8.2.1 Growing awareness of mining chemicals on the environment

                              *8.2.2 Uncertainty in demand for and prices of iron ore

                              *8.2.3 Closure of major mining sites

 

                              *Exhibit 44:  Impact of drivers and challenges

               **8.3 Market trends      

                              *8.3.1 Use of analytics to drive efficiency in wastewater treatment

                              *8.3.2 Emergence of innovative technologies in mining

                              *8.3.3 Increase in the usage of mine planning software

 

***9. Vendor Landscape                            

               **9.1 Overview

                              *Exhibit 45:  Vendor landscape

               **9.2 Landscape disruption         

                              *Exhibit 46:  Landscape disruption

                              *Exhibit 47:  Industry risks

***10. Vendor Analysis               

               **10.1 Vendors covered              

                              *Exhibit 48:  Vendors covered

               **10.2 Market positioning of vendors    

                              *Exhibit 49: Market positioning of vendors

               **10.3 3M Co.

                              *Exhibit 50:  3M Co. - Overview

                              *Exhibit 51:  3M Co. - Business segments

                              *Exhibit 52:  3M Co. - Key offerings

                              *Exhibit 53:  3M Co. - Segment focus

               **10.4 Akzo Nobel NV   

                              *Exhibit 54:  Akzo Nobel NV - Overview

                              *Exhibit 55:  Akzo Nobel NV - Business segments

                              *Exhibit 56:  Akzo Nobel N.V. - Key news

                              *Exhibit 57:  Akzo Nobel NV - Key offerings

                              *Exhibit 58:  Akzo Nobel NV - Segment focus

               **10.5 ArrMaz Products Inc.      

                              *Exhibit 59:  ArrMaz Products Inc.  - Overview

                              *Exhibit 60:  ArrMaz Products Inc.  – Product and service

                              *Exhibit 61:  ArrMaz Products Inc.  - Key offerings

               **10.6 BASF SE 

                              *Exhibit 62:  BASF SE - Overview

                              *Exhibit 63:  BASF SE - Business segments

                              *Exhibit 64:  BASF SE - Key offerings

                              *Exhibit 65:  BASF SE - Segment focus

               **10.7 Clariant International Ltd.            

                              *Exhibit 66:  Clariant International Ltd. - Overview

                              *Exhibit 67:  Clariant International Ltd. - Business segments

                              *Exhibit 68:  Clariant International Ltd. - Key offerings

                              *Exhibit 69:  Clariant International Ltd. - Segment focus

               **10.8 CP Kelco US Inc. 

                              *Exhibit 70:  CP Kelco US Inc. - Overview

                              *Exhibit 71:  CP Kelco US Inc. - Product and service

                              *Exhibit 72:  CP Kelco US Inc. - Key offerings

               **10.9 FMC Corp.

                              *Exhibit 73:  FMC Corp. - Overview

                              *Exhibit 74:  FMC Corp. - Product and service

                              *Exhibit 75:  FMC Corp -Key news

                              *Exhibit 76:  FMC Corp. - Key offerings

               **10.10 Solvay SA           

                             * Exhibit 77:  Solvay SA - Overview

                              *Exhibit 78:  Solvay SA - Business segments

                              *Exhibit 79:  Solvay SA - Key offerings

                              *Exhibit 80:  Solvay SA - Segment focus

               **10.11 Tennant Chemicals Co. ltd.        

                              *Exhibit 81:  Tennant Chemicals Co. ltd. - Overview

                              *Exhibit 82:  Tennant Chemicals Co. ltd. - Product and service

                              *Exhibit 83:  Tennant Chemicals Co. ltd. - Key offerings

               **10.12 The Chemours Co.         

                              *Exhibit 84:  The Chemours Co. - Overview

                              *Exhibit 85:  The Chemours Co. - Business segments

                              *Exhibit 86:  The Chemours Co. - Key offerings

                              *Exhibit 87:  The Chemours Co. - Segment focus

***11. Appendix                           

               **11.1 Scope of the report         

                              *11.1.1 Market definition

                              *11.1.2 Objectives

                              *11.1.3 Notes and caveats

               **11.2 Currency conversion rates for US$            

                              *Exhibit 88:  Currency conversion rates for US$

               **11.3 Research Methodology   

                              *Exhibit 89:  Research Methodology

                              *Exhibit 90:  Validation techniques employed for market sizing

                              *Exhibit 91:  Information sources

               **11.4 List of abbreviations        

                              *Exhibit 92:  List of abbreviations

Research Framework

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.

INFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases

DATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts

REPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape

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Key Questions Answered

  • What are the key global market and the regional market share?
  • What are the revenue-generating key market segments?
  • What are the key factors driving and challenging this market’s growth?
  • Who are the key market vendors and their growth strategies?
  • What are the latest trends influencing the growth of this market?
  • What are the variables influencing the market growth in the primary regions?
  • What are the factors influencing the growth of the parent market?

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