|Analysis of Global Mining Chemicals Market, Forecast to 2025|
|Mining Chemical Companies are Moving Towards Developing and Integrating Digital Technologies to Augment Application Efficiencies|
Growth opportunities in the global mining chemicals market look promising over the next six years. Rising demand for ferrous metals, industrial minerals, and fuel ore extraction is driving market revenues toward $2.9 billion by 2025. While mining chemical manufacturers are developing and integrating digital technologies to augment application efficiencies for their mining customers, end users are embracing chemistry formulations and compositions to advance operational orderliness and mineral processing steps. Frost & Sullivan expects the market to expand at a healthy compound annual growth rate (CAGR) of 6.7% between 2018 and 2025.
“Major mining companies have been keen to deploy tailor-made chemicals, green mining solutions, and innovative mineral extraction technologies that are capable of extracting more mineral content from low-grade mineral ores and waste products. In addition, some companies have been instrumental in developing antiscalants that meet the challenges of harsh ore processing conditions,” said Ganesh Dabholkar, Senior Research Analyst, Chemicals, Materials & Nutrition, Frost & Sullivan. “Such factors are expected to drive the demand for high-end mineral processing products, thereby opening new avenues for market growth.”