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West Africa Gold Mining Chemicals Market Size, Share & Trends Analysis Report By Application (Mineral Processing, Water Treatment), By Product (Collectors, Coatings), By Country, And Segment Forecasts, 2023 - 2030

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    Report

  • 130 Pages
  • April 2023
  • Region: Africa
  • Grand View Research
  • ID: 5786735
Description Jump to:
The West Africa gold mining chemicals market size is expected to reach USD 14.6 million by 2030 to expand at a CAGR of 7.3% from 2023 to 2030. This is attributed to increasing gold mining activities in African countries. West Africa is a significant contributor of gold, iron ore, uranium, and diamonds through its extraction activities. In addition to these valuable minerals. The region possesses abundant reserves of aluminum, nickel, phosphate, manganese, and zinc. Despite the considerable mineral wealth, a large portion of it has yet to be exploited, suggesting that West Africa's role in the worldwide mineral economy will become more prominent in the years to come.

Additionally, the rising demand for different minerals across regions has resulted in the hike in mine activities, thus, is likely to boost the market over the forecast period. The demand for gold is increasing every year in India, China. The U.S., Saudi Arabia. The UAE, Turkey, Russia, and Egypt being its leading consumer. As of 2021, according to Outlook Publishing India Pvt. Ltd., India and China together account for more than 57% of the total consumption of gold globally.

Furthermore acid mine drainage is one of the major problems for water sources. Mines with acid drainage can have a long-lasting impact on rivers and aquatic life. Mineral deposits containing sulfides, such as zinc, silver, lead, gold, coal, copper, and aluminum, when mined may lead to the creation of acid mine drainage. These minerals, when exposed to water and oxygen result in the formation of sulfuric acid. Acid mine drainage has the potential to decrease water quality by lowering the pH and dissolved metal content of groundwater. Besides. The mining processes adversely affect the wildlife. Mining results in the contamination of soil, as well as water, thereby affecting the wild and marine animals. Moreover, the leakage of hazardous materials into the environment can also have a significant impact on human health. These factors are likely to restrain the growth over the predicted period.

West Africa Gold Mining Chemicals Market Report Highlights

  • The lubricants product segment witnessed the fastest CAGR of 9.2%. This is attributed to the fact that gold can be used as a lubricant in numerous engineering applications, depending on its resistance to cold welding
  • The water treatment application segment witnessed the fastest growth rate with a CAGR of 7.5%. This is attributed to the demand for water treatment in the mining industry has been witnessing considerable growth on account of rising concerns regarding the release of mining pollutants to natural water sources and the highly acidic nature of the mining water
  • Mali witnessed the fastest growth rate with a CAGR of 8.1% in 2022. This growth is attributed to the fact that Mali is the fourth-largest producer of gold in Africa, according to International Trade Administration (ITA)
  • In September 2020, Clariant signed a distribution agreement with ChemQuest to distribute its specialty chemicals to mining companies in South Africa, Zambia, DRC, and Zimbabwe

Table of Contents

Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Market Definition
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal Database
1.4 Information analysis
1.5 Market formulation & data visualization
1.6 Data validation & publishing
1.6.1 Research scope and assumptions
1.6.2 List to Data Sources
Chapter 2 Executive Summary
2.1 Market Snapshot
2.2 Segment Snapshot
2.3 Competitive Landscape Snapshot
Chapter 3 West Africa Gold Mining Chemicals Market Variables, Trends & Scope
3.1 Market Lineage Outlook
3.2 Industry Value Chain Analysis
3.3 Price Trend Analysis, 2018 - 2030
3.3.1 Factors Influencing Prices
3.4 Market Dynamics
3.4.1 Market Driver Analysis
3.4.1.1 Increasing use in personal care & cosmetics industry
3.4.1.2 Growing demand from other end-use industries
3.4.2 Market Restraint Analysis
3.4.2.1 Growing concerns regarding side effects of oleic acid)
3.4.3 Market Challenge Analysis
3.4.4 Market Opportunity Analysis
3.5 Business Environment Analysis
3.5.1 Industry Analysis - Porter
3.5.2 Pestel Analysis
Chapter 4 West Africa Gold Mining Chemicals Market: Product Estimates & Trend Analysis
4.1 Product Movement Analysis & Market Share, 2022 & 2030
4.1.1 Gold Ore
4.1.1.1 Collectors
4.1.1.1.1 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, by Collectors, 2018 - 2030 (Tons) (USD Thousand)
4.1.1.2 Coatings
4.1.1.2.1 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, by Coatings, 2018 - 2030 (Tons) (USD Thousand)
4.1.1.3 Flocculants
4.1.1.3.1 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, by Flocculants, 2018 - 2030 (Tons) (USD Thousand)
4.1.1.4 Grinding Aids
4.1.1.4.1 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, by Grinding Aids, 2018 - 2030 (Tons) (USD Thousand)
4.1.1.5 Solvent Extractants
4.1.1.5.1 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, by Solvent Extractants, 2018 - 2030 (Tons) (USD Thousand)
4.1.1.6 Dust Suppressants
4.1.1.6.1 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, by Dust Suppressants, 2018 - 2030 (Tons) (USD Thousand)
4.1.1.7 Defoamers
4.1.1.7.1 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, by Defoamers, 2018 - 2030 (Tons) (USD Thousand)
4.1.1.8 Antiscalants
4.1.1.8.1 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, by Antiscalants, 2018 - 2030 (Tons) (USD Thousand)
4.1.1.9 Biocides
4.1.1.9.1 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, by Biocides, 2018 - 2030 (Tons) (USD Thousand)
4.1.1.10 Lubricants
4.1.1.10.1 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, by Lubricants, 2018 - 2030 (Tons) (USD Thousand)
4.1.1.11 Frothers
4.1.1.11.1 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, by Frothers, 2018 - 2030 (Tons) (USD Thousand)
4.1.1.12 Others
4.1.1.12.1 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, by Others, 2018 - 2030 (Tons) (USD Thousand)
Chapter 5 West Africa Gold Mining Chemicals Market: Application Estimates & Trend Analysis
5.1 Application Movement Analysis & Market Share, 2022 & 2030
5.1.1 Mineral Processing
5.1.1.1 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, In Mineral Processing, 2018 - 2030 (tons) (USD Thousand)
5.1.2 Explosives & Drilling
5.1.2.1 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, In Explosives & Drilling, 2018 - 2030 (tons) (USD Thousand)
5.1.3 Water & Wastewater Treatment
5.1.3.1 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, In Water & Wastewater Treatment, 2018 - 2030 (tons) (USD Thousand)
5.1.4 Others
5.1.4.1 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, In Others, 2018 - 2030 (tons) (USD Thousand)
Chapter 6 West Africa Gold Mining Chemicals Market: Country Estimates & Trend Analysis
6.1 Country Movement Analysis & Market Share, 2022 & 2030
6.2 Burkina Faso
6.2.1 Key country dynamics
6.2.2 BUrkina Faso gold mining chemicals market estimates & Forecasts and Trend Analysis, 2018 - 2030 (Tons) (USD Thousand)
6.3 Ivory Coast
6.3.1 Key country dynamics
6.3.2 Ivory Coast gold mining chemicals market estimates & Forecasts and Trend Analysis, 2018 - 2030 (Tons) (USD Thousand)
6.4 Mali
6.4.1 Key country dynamics
6.4.2 Mali gold mining chemicals market estimates & Forecasts and Trend Analysis, 2018 - 2030 (Tons) (USD Thousand)
6.5 Niger
6.5.1 Key country dynamics
6.5.2 Niger gold mining chemicals market estimates & Forecasts and Trend Analysis, 2018 - 2030 (Tons) (USD Thousand)
6.6 Ghana
6.6.1 Key country dynamics
6.6.2 Ghana gold mining chemicals market estimates & Forecasts and Trend Analysis, 2018 - 2030 (Tons) (USD Thousand)
6.7 Rest of West Africa
6.7.1 Rest of West Africa gold mining chemicals market estimates & Forecasts and Trend Analysis, 2018 - 2030 (Tons) (USD Thousand)
Chapter 7 West Africa Gold Mining Chemicals Market - Competitive Landscape
7.1 Recent Developments & Impact Analysis, By Key Market Participants
7.2 Company Categorization
7.3 Vendor Landscape
7.3.1 List of Key Distributors
7.3.2 List of Potential End Users
7.4 Strategy Mapping
7.4.1 Expansions
7.4.2 Mergers & Acquisitions
7.4.3 Collaborations
7.5 Company Listing
7.5.1 AECI Mining Chemicals
7.5.2 Arkema
7.5.3 Akzo Nobel N.V.
7.5.4 Ashland
7.5.5 BASF SE
7.5.6 Clariant
7.5.7 Cytec Solvay Group
7.5.8 Dow
7.5.9 Kemira
7.5.10 Kimleigh Chemicals SA (Pty) Ltd.
7.5.11 Nowata
7.5.12 Quaker Chemical Corporation
7.5.13 Sasol
7.5.14 Shell Chemicals
7.5.15 Solenis
List of Tables
Table 1 Gold Mines in West Africa
Table 2 List of Chemicals Suppliers
Table 3 Burkina Faso macro-economic outlay
Table 4 Ivory Coast macro-economic outlay
Table 5 Mali macro-economic outlay
Table 6 Mali macro-economic outlay
Table 7 Ghana macro-economic outlay
Table 8 Participant’s Overview
Table 9 Financial Performance
Table 10 Product Benchmarking
Table 11 Recent Developments & Impact Analysis, By Key Market Participants
Table 12 List of Key Manufacturers
Table 13 List of Potential End Users
Table 14 Key Companies Undergoing Expansions
Table 15 Key Companies Involved in Mergers & Acquisitions
Table 16 Key Companies Undergoing Collaborations
List of Figures
Fig. 1 West Africa Gold Mining Chemicals Market Segmentation & Scope
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation and validation
Fig. 5 Data validating & publishing
Fig. 6 West Africa Gold Mining Chemicals Market Snapshot
Fig. 7 West Africa Gold Mining chemicals Market segment snapshot, by product, 2022 (USD Thousand)
Fig. 8 West Africa Gold Mining chemicals Market segment snapshot, by application, 2022 (USD Thousand)
Fig. 9 West Africa Gold Mining chemicals Market: Competitive Landscape Snapshot
Fig. 10 Africa Gold Mining Chemicals Market, 2022 (USD Million)
Fig. 11 West Africa Gold Mining Chemicals market estimates & forecasts, (2018 - 2030) (Tons) (USD Thousand)
Fig. 12 West Africa Gold Mining Chemicals Market - Industry Value Chain Analysis
Fig. 13 West Africa Gold Mining Chemicals Market - Market Dynamics
Fig. 14 Africa Gold Production, 2010-2021 (Tons)
Fig. 15 PORTER’S Analysis
Fig. 16 PESTEL Analysis
Fig. 17 West Africa Gold Mining Chemicals Market Estimate & Forecast and Trend Analysis, by Top 5 Product, Key Takeaways
Fig. 18 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, by Top 5 Product, Market Share 2022 & 2030
Fig. 19 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, by Collectors, 2018 - 2030 (Tons) (USD Thousand)
Fig. 20 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, by Coatings, 2018 - 2030 (Tons) (USD Thousand)
Fig. 21 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, by Flocculants, 2018 - 2030 (Tons) (USD Thousand)
Fig. 22 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, by Grinding Aids, 2018 - 2030 (Tons) (USD Thousand)
Fig. 23 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, by Solvent Extractants, 2018 - 2030 (Tons) (USD Thousand)
Fig. 24 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, by Dust Suppressants, 2018 - 2030 (Tons) (USD Thousand)
Fig. 25 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, by Defoamers, 2018 - 2030 (Tons) (USD Thousand)
Fig. 26 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, by Antiscalants, 2018 - 2030 (Tons) (USD Thousand)
Fig. 27 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, by Biocides, 2018 - 2030 (Tons) (USD Thousand)
Fig. 28 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, by Lubricants, 2018 - 2030 (Tons) (USD Thousand)
Fig. 29 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, by Frothers, 2018 - 2030 (Tons) (USD Thousand)
Fig. 30 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, by Others, 2018 - 2030 (Tons) (USD Thousand)
Fig. 31 West Africa Gold Mining Chemicals Market Estimate & Forecast and Trend Analysis, Application, Key Takeaways
Fig. 32 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, Application, Market Share 2022 & 2030
Fig. 33 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, in Mineral Processing, 2018 - 2030 (Tons) (USD Thousand)
Fig. 34 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, in Explosives & Drilling, 2018 - 2030 (Tons) (USD Thousand)
Fig. 35 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, in Water & Wastewater Treatment, 2018 - 2030 (Tons) (USD Thousand)
Fig. 36 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, in Others, 2018 - 2030 (Tons) (USD Thousand)
Fig. 37 West Africa Gold Mining Chemicals Market Estimate & Forecast and Trend Analysis, Country, Key Takeaways
Fig. 38 West Africa Gold Mining Chemicals Market Estimates & Forecast and Trend Analysis, Country, Market Share 2022 & 2030
Fig. 39 Burkina Faso gold mining chemicals market estimates & forecast and trend analysis, 2018 - 2030, (Tons) (USD Thousand)
Fig. 40 Burkina Faso Gold Production, 2012-2022 (Tons)
Fig. 41 Ivory Coast gold mining chemicals market estimates & forecast and trend analysis, 2018 - 2030, (Tons) (USD Thousand)
Fig. 42 Mali gold mining chemicals market estimates & forecast and trend analysis, 2018 - 2030, (Tons) (USD Thousand)
Fig. 43 Mali Gold Production, 2017-2021 (Tons)
Fig. 44 Niger gold mining chemicals market estimates & forecast and trend analysis, 2018 - 2030, (Tons) (USD Thousand)
Fig. 45 Ghana gold mining chemicals market estimates & forecast and trend analysis, 2018 - 2030, (Tons) (USD Thousand)
Fig. 46 Rest of West Africa gold mining chemicals market estimates & forecast and trend analysis, 2018 - 2030, (Tons) (USD Thousand)

Companies Mentioned

  • AECI Mining Chemicals
  • Arkema
  • Akzo Nobel N.V.
  • Ashland
  • BASF SE
  • Clariant
  • Cytec Solvay Group
  • Dow
  • Kemira
  • Kimleigh Chemicals SA (Pty) Ltd.
  • Nowata
  • Quaker Chemical Corporation
  • Sasol
  • Shell Chemicals
  • Solenis

Methodology

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Table Information

Report AttributeDetails
No. of Pages130
PublishedApril 2023
Forecast Period2022 - 2030
Estimated Market Value ( USD ) in 2022 $ 8.34 Million
Forecasted Market Value ( USD ) by 2030 $ 14.6 Million
Compound Annual Growth Rate7.3%
Regions CoveredAfrica
No. of Companies Mentioned15

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About the Gold Mining Chemicals Market

The Gold Mining Chemicals market is a subset of the larger Chemicals industry. It is composed of companies that produce and supply chemicals used in the extraction of gold from ore. These chemicals are used to separate gold from other minerals and metals, and to dissolve gold from ore. Commonly used chemicals include cyanide, mercury, and nitric acid. The Gold Mining Chemicals market is driven by the increasing demand for gold, as well as the rising price of gold. This has led to an increase in gold mining activities, which in turn has increased the demand for gold mining chemicals. Companies in the Gold Mining Chemicals market include BASF, Orica, AkzoNobel, Solvay, and CyPlus. These companies produce and supply a range of chemicals used in gold mining, including cyanide, mercury, and nitric acid. Show Less Read more

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