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Rapid Industrialization Invigorates Demand for Mining Chemicals across Globe

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Published on : Nov 09, 2016

ALBANY, NY, Nov 09, 2016: The research report, titled “Global Mining Chemical Market 2016-2020,” provides a fair assessment of the various market dynamics impacting the overall market. The report also lists the drivers and restraints present in the global market. Additionally, it also assesses the strengths, weaknesses, opportunities, and threats that are influencing the segments of the global market. The research report has been put together using primary and secondary research methodologies, which offer an exact and accurate understanding of the global market.

According to the research report, the global mining chemical market is likely to expand at a CAGR of 7% during the forecast period of 2016 and 2020. Mining chemicals are predominantly used for water and waste management treatment, mineral processing, blasting and drilling, and mineral processing. Thus, they are used in extraction of minerals such as iron, cobalt, nickel, molybdenum, alumina, and copper along with manganese, quartz, chromite, manganese, and bauxite. Analysts predict that the demand for these chemicals will soar due to rapid pace of industrialization in BRICS. Furthermore, strict environmental regulations and rise of blasting and drilling application in coal mining activities are also anticipated to spur the demand for mining chemicals in the near future.

The industry has also observed that growing demand for coal in production of energy is likely to be an emerging trend in the global mining chemical market. Additionally, increasing number of industry-specific products along with rising complexity in processing procedures of minerals are anticipated to fuel the growth of the overall market. However, the rising cost of production and intensifying competition is expected to hamper the growth of global mining chemical market. Additionally, the need for hefty investments in research and development is also anticipated to restrain the overall market.

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The research report segments the global market on the basis of product into grinding aids, flocculants, frothers, solvent extractants, and sulfide collectors. On the basis of geography, the market is segmented into Asia Pacific, North America, South America, Europe, and the Middle East and Africa. The report analyzes the various factors working in favor of these segments and the ones working against them to give its readers an accurate and exact understanding of the overall dynamics.

Some of the leading players operating in the global mining chemical market are AECI, BASF, Chevron Phillips Chemical, Clariant, Cytec Solvay, AkzoNobel Surface Chemistry, Evonik, DuPont, and Ashland. The research report has profiled these players and provided a thorough analysis of the competitive landscape present in the overall market. The document also includes an understanding of research and development activities of the key players in the market, their financial outlook, expansion plans, and their investment options for the coming few years. Furthermore, the research report includes a recommendations and comments by expert market leaders as well. 

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