The global mining chemicals market is expected to reach USD 38.01 billion by 2024, according to a new report by Grand View Research, Inc. Positive mining industry outlook in India, China, Australia, Peru, and Chile is expected to drive the market over the forecast period. The presence of abundant raw materials including rare earth metals in China, Russia, Australia, Thailand, and the U.S. is expected to facilitate exploration activities, thus propelling demand for the product.
Australia has the third largest rare earth metal reserves in the world. In Russia, companies have been investing increasingly in the development of new extraction techniques to recover uranium. These factors are likely to have a positive impact on growth. Decrease in ore quality of zinc, lead, copper, and nickel is expected to promote utilization of sophisticated technologies requiring frothers, flocculants, grinding aids, and solvent extractants.
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Further key findings from the study suggest:
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Grand View Research has segmented the global mining chemicals market on the basis of product, application, and region:
Global Mining Chemicals Product Outlook (Revenue, USD Million, 2013 - 2024)
Global Mining Chemicals Application Outlook (Revenue, USD Million, 2013 - 2024)
Global Mining Chemicals Regional Outlook (Revenue, USD Million, 2013 - 2024)
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About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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