North America Mining Chemicals Market Forecast to 2030 - Regional Analysis - by Type, Mineral Type, and Application

The North America mining chemicals market was valued at US$ 1.11 billion in 2022 and is expected to reach US$ 1.55 billion by 2030; it is estimated to register at a CAGR of 4.2% from 2022 to 2030.

Development of Environment-Friendly Mining Chemical Solutions Fuels North America Mining Chemicals Market

The development of environment-friendly mining chemicals is a significant step toward sustainable mining practices. Conventional mining chemicals such as cyanide and sulfuric acid have detrimental effects on the environment, including water contamination, soil degradation, and air pollution. Scientists are developing novel bio-based reagents that can be used to extract metals from ores. The diluent is produced from bio-based waste and residual raw materials. The laboratory studies and pilot trials at the Outotec Research Center and Neste's Technology Center (Finland) confirmed the high-level performance of the developed bio-based diluent for solvent extraction of copper and other base metals.

Researchers are also developing new technologies to recycle and reuse mining chemicals. Some companies are developing methods to extract tailings, which are the waste materials left over from the mining process. The development of ionic liquids and supercritical fluids for extraction of metals from ores is further being researched. Some companies and research organizations are exploring the potential of microbial applications for water treatment in mining operations. Thus, the development of environment-friendly mining chemical solutions is expected to emerge as a trend in the North America mining chemicals market in the future.

North America Mining Chemicals Market Overview

North America has a strong mining industry coupled with the presence of several associations such as The American Exploration & Mining Association and International Society of Chemical Engineers. Associations and organizations of mining develop working strategies and influence the industrial response to legislative and regulatory issues. According to the World Mining Data 2022 report by the Federal Ministry Republic of Austria, North America held a 15.4% share of global mineral production in 2020, and the mining production rates increased by 13.8% during 2000-2020. Canada also marks the presence of major diamond reserves. Graphite mine production in Canada was estimated at 15 thousand metric tons in 2022, an increase from 12 thousand metric tons in 2021.

The US also marks the presence of many mining companies, including American Lithium, EnCore Energy, Highland Copper Company, Hudbay Minerals, Kinross Gold, Lion Copper and Gold, Ucore Rare Metals, and Wolfden Resources. According to a report published by the US Geological Survey (USGS) in 2023, the estimated value of mineral production in the US in 2022 was US$ 98.2 billion, a rise of 4% compared to US$ 94.6 billion in 2021.

Industrial mineral production was valued at US$ 63.5 billion in 2022, a rise of 10% compared to 2021. Mining explosives are widely used for loosening mineral rocks, quarrying, and other nonmetal mining. Floatation reagents are used to separate valuable minerals from ores. The use of leaching agents helps extract metals from ores during the leaching process. The rising mineral exploration and production rate propels the utilization of mining chemicals for mining activities in the region.

North America Mining Chemicals Market Revenue and Forecast to 2030 (US$ Million)

North America Mining Chemicals Market Segmentation

The North America mining chemicals market is segmented based on type, mineral type, application, and country.

In terms of type, the North America mining chemicals market is segmented into flotation chemicals, solvent extractants, grinding aids, and others. The flotation chemicals segment is sub segmented into frothers, flocculants, depressants, collectors, and others. The flotation chemicals segment held the largest share in 2022.

By mineral type, the North America mining chemicals market is categorized into base metals, non-metallic minerals, precious metals, and others. The non-metallic minerals segment held the largest share in 2022.

In terms of application, the North America mining chemicals market is segmented into mineral processing, wastewater treatment, and others. The mineral processing segment held the largest share in 2022.

Based on country, the North America mining chemicals market is categorized into US, Canada, and Mexico. The US dominated the North America mining chemicals market in 2022.

Orica Ltd, Kemira Oyj, BASF SE, Clariant AG, Dow Inc, AECI Ltd, Nouryon Chemicals Holding BV, Solvay SA, and Arkema SA are some of the leading companies operating in the North America mining chemicals market.

Reasons to Buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the North America mining chemicals market.
• Highlights key business priorities in order to assist companies to realign their business strategies.
• The key findings and recommendations highlight crucial progressive industry trends in North America mining chemicals market, thereby allowing players across the value chain to develop effective long-term strategies.
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
• Scrutinize in-depth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
• Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.