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Mining Chemicals Market worth $4.3 Billion by 2019
The report "Mining Chemicals Market by Functionality (Grinding aids, Flocculants, Solvent Extractants and Flotation Chemicals) - Global Trends & Forecasts to 2019", defines and segments the global mining chemicals market with analysis and forecasting in terms of volume and value. The mining chemicals market value expected to grow from an estimated $3.4 Billion in 2014 to $4.3 Billion by 2019, with a CAGR of 4.8% between 2014 and 2019.
Browse 88 market data tables and 66 figures spread through 141 pages and in-depth TOC on “Mining Chemicals Market by Functionality (Grinding aids, Flocculants, Solvent Extractants and Flotation Chemicals) - Global Trends & Forecasts to 2019"
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The mining chemicals market is projected to grow at a CAGR of 4.8% between 2014 and 2019, in terms of value. The largest type of mining chemicals based on functionality is grinding aids followed by flotation chemicals which include frothers and collectors. The demand for mining chemicals is mainly driven by increased complexity of ores. Also, the population growth and urbanization in developing countries is driving the demand for minerals which in turn is driving the growth of mining chemicals.
The consumption of mining chemicals is the highest in the Asia-Pacific region. The consumption of mining chemicals in the region accounted for over 50.0% of the total market in 2013 in terms of volume. The increased investment in the mining industry in Asia-Pacific is the major driver of mining chemicals in the region. The growth of mining chemicals in North America and Europe is low due to the decreased mining activities in these regions.
The top companies in the mining chem AG (Switzerland) among others. The mining chemicals market recorded a number of expansions and new product launches in the recent past.
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