Mining Chemicals Global Market Report 2024

The mining chemicals market size has grown strongly in recent years. It will grow from $15.79 billion in 2023 to $16.89 billion in 2024 at a compound annual growth rate (CAGR) of 6.9%. The expansion observed in the historical period can be attributed to robust economic growth in emerging markets, a surge in industrialization, an increase in mining activities, and a rise in both coal production and consumption.

The mining chemicals market size is expected to see strong growth in the next few years. It will grow to $21.99 billion in 2028 at a compound annual growth rate (CAGR) of 6.8%. The anticipated growth in the forecast period can be attributed to the escalating support from governments, rapid urbanization, and the expanding petroleum industry. Key trends expected in the forecast period encompass the use of artificial intelligence (AI) for analyzing mineralogical data, the adoption of new mineral processing flotation technologies for the separation and concentration of ores, a focus on the industrial internet of things (IIoT) for remote monitoring, the implementation of digital mining solutions for controlling chemical waste, increasing investments in mineral activities, and strategic partnerships and collaborations among market players.

The mining chemicals market is poised for growth due to the increasing activities in the mining sector. Mining involves the extraction of metallic and non-metallic minerals or industrial rock deposits from the earth, with various chemical contaminants such as mercury, cyanide, and arsenic being utilized at different stages of the operation. These chemicals aid in separating minerals from their ore, enhancing the purity of metals and minerals. For example, data from the U.S. Geological Survey indicates that U.S. mines generated approximately $90.4 billion in mineral commodities in 2021, marking a $9.7 billion increase from the 2020 total of $80.7 billion. The upward trend in mining activities is a significant driver for the growth of the mining chemicals market.

Anticipated government support is set to be a key factor propelling the growth of the mining chemicals market. Governments worldwide are actively endorsing the mining chemicals sector to develop innovative solutions that better cater to industry needs. An illustrative instance is the Indian government's adoption of initiatives in February 2023 to promote mineral exploration and development, resulting in an increased number of blocks available for sale. The emphasis on both conventional and crucial minerals, along with the necessity to build domestic manufacturing capacity for supporting low-carbon goals, underscores the role of government support in driving the mining chemicals market.

A noteworthy trend in the mining chemicals market is the emergence of innovative mineral extraction technologies. Major industry players are investing in technologies such as electrification to enhance their market position. For instance, in September 2021, ABB Ltd., a Switzerland-based electrification and automation company, introduced ABB Ability eMine, enabling all-electric mining through integrated digital and electrification systems. The system includes a fully automated charging system for haul trucks, contributing to the mining industry's transition to a low-carbon economy through various digital and electrical technologies.

Innovations in mineral processing flotation technologies are gaining traction in the mining chemicals market. These technologies aim to separate and concentrate ores by modifying their surfaces to a hydrophobic or hydrophilic condition, depending on their interaction with water. Ecolab, a U.S.-based company specializing in mining and mineral processing solutions, introduced Flotation 360 in September 2021, offering a holistic approach to mineral processing flotation. This solution integrates cutting-edge frother and collector chemical technologies with global technical support and digital diagnostic tools, continuously monitoring factors impacting flotation performance.

In January 2021, Huntsman International, a U.S.-based specialty chemicals manufacturer, acquired Gabriel Performance Products for $250 million. This strategic move expanded Huntsman International's specialist portfolio, enhanced its North American presence, and created substantial commercial synergies. Gabriel Performance Products, the acquired company, specializes in manufacturing specialty chemicals, including those relevant to the mining sector.

Major companies operating in the mining chemicals market report are BASF SE, AECI Mining Chemicals, Sasol, Solvay Group, Clariant AG,SNF Floerger, Arkema, Orica Limited, Ecolab Inc., Chevron Phillips Chemicals Co. Ltd., Tata Chemicals Limited, Hindustan Chemicals and Polymers, PT Nusa Halmahera Minerals, AVANSCHEM, PT. Chemco Harapan Nusantara, Chemicals and Machinery Co Ltd (CMC), Yantai Humon Chemical Auxiliary Co., Ltd., Kemira, LUKOIL, Sibplaz, Rompetrol, CHIMCOMPLEX SA BORZESTI, LINDE GAZ ROMANIA SRL, Newmont Corporation, Freeport-McMoRan Inc., Catalog. Economy Polymers and Chemicals, Noah Chemicals, TRInternational, Inc., Applied Material Solutions, Palm Commodities International, Inc., Quadra Chemicals, FloChem Ltd., Clariant, Chemours, Cytec Solvay Group, Quimica Del Sur S.A, Dow Chemical Company, Ashland, Tahoun Group, Chemie-Tech, Saudi Arabian Mining Company, Qatar Mining Company (QMC), Netafim, AECI Mining Chemicals, Betachem (Pty) Ltd., Senmin.

Asia-Pacific was the largest region in the mining chemical market in 2023. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the mining chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the mining chemicals market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The primary categories of mining chemicals comprise frothers, flocculants, collectors, solvent extractants, grinding aids, and other additives. Extractants, classified as solvents, facilitate the extraction of substances from liquids. Various mineral types, including base metals, non-metallic minerals, precious metals, and rare earth metals, find application in diverse areas such as mineral processing, explosives and drilling, water and wastewater treatment, among others.

The mining chemical market research report is one of a series of new reports that provides mining chemical market statistics, including mining chemical industry global market size, regional shares, competitors with a mining chemical market share, detailed mining chemical market segments, market trends and opportunities, and any further data you may need to thrive in the mining chemical industry. This mining chemical market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The mining chemicals market consists of sales of dewatering chemicals, heat transfer fluids, dispersants, and dust control suppressants. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.


The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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