Global Mining Chemicals Market Outlook to 2026, Featuring Key Players BASF SE, Clariant AG, Solvay SA, Dyno Nobel Inc, The DOW Chemical Company and Arkema SA – ResearchAndMarkets.com
DUBLIN–(BUSINESS WIRE)–The “Global Mining Chemicals Market Outlook to 2026” report has been added to ResearchAndMarkets.com’s offering.
Mining chemicals are an integral part of mining activity, and they play a vital role in enhancing the productivity and efficiency of mining processes such as extraction, recovery, water treatment, transportation, and general equipment maintenance. The global mining chemicals market is expected to have a moderate growth rate during the forecast period. The major factors responsible for the growth of the global mining chemicals market are increased investment in mining exploration, a rising number of low-grade ores, and favorable government policies. Stringent regulations related to environmental degradation and carbon emission will restrain market growth for a short-term period. The value of mining chemicals is expected to propel in the coming years as the mining industry strives for efficient recoveries from ever lower-grade ores.
To meet rising global demand for metals and minerals, and hence to expand their reserve base, rapidly growing economies have witnessed increased spending on exploration in the last decade. Thus, their share of total exploration expenditure, both domestic and inbound, has increased from about 40% at the beginning of the decade to about 60% in recent years. Governments have benefitted highly from the direct and indirect taxes, royalties, and rents from the mining activities. In recent decades, many countries have also introduced new mining laws with the intention to unlock investment and kick-start exploration. Government initiatives, together with the rising interest of key players, are the driving factors of increased investment in mining exploration. In the metal mining processes, mining chemicals are required at different stages of processing of the ore; hence the increase in mining investments worldwide, especially in Canada, Australia, United States, Chile, Mexico, and a few African nations, is boosting the market for mining chemicals and will lead to its growth during the forecasted period. These investments are also fueling the economic growth of the respective countries. For instance, Australia spent more than 2.3 billion AUD on mining exploration in 2018-19. Australia is one of the top players in translating exploration investments into mineral production. Over the last decade, mining is the country’s largest source of export revenue and generated AUD 212 billion in company tax and royalties. These increases in investment for mining exploration are driven by higher fund allocations for copper and gold by producers.
At the beginning of 2020, Mexico mining companies outlined exploration spending of over USD 200 million with a lot of planning budget boosts following significant gold and silver price rises. In 2019, Mexico attracted more than USD 1.2 billion in foreign mining investments. Most investments came from companies in Spain, Germany, Israel, the United States, and Canada and focused on gold, copper, zinc, and uranium. Another vital mineral, coal, contributes 38% to global electricity generation that makes it an important part of the mining industry, and leads to continuous substantial capital investment and transaction focus.
India, the 3rd largest coal producer in the world, approved the National Steel Policy 2017 to increase the production capacity and foreign investment. The Indian government has in the prospect around USD 145 billion of investment in coal mining to increase coal capacity to 300 million tonnes by 2030-31. In 2019, the Indian government decided to allow 100% foreign direct investment in coal mining and contract manufacturing.
The Global Mining chemicals market report provides deep insight into the current and future state of the Mining chemicals market across various regions. Also, the study comprehensively analyzes the Mining chemicals market by segments based on Function and by Application and by Geography.
The report examines the market drivers and restraints, along with the impact of Covid-19 are influencing the market growth in detail. The study covers & includes emerging market trends, market developments, market opportunities, market size, market analysis, market dynamics, and challenges in the industry. This report also covers extensively researched competitive landscape sections with profiles of major companies, including their market share and projects.
Key Topics Covered:
1. Executive Summary
2. Research Scope and Methodology
3. Market Analysis
4. Industry Analysis
5. Market Segmentation & Forecast
6. Regional Market Analysis
7. Key Company Profiles
7.1 BASF SE
7.2 Clariant AG
7.3 Kemira Oyj
7.4 Solvay SA
7.5 Dyno Nobel, Inc.
7.6 The DOW Chemical Company
7.7 Arkema SA
7.8 SNF Floerger Sas
7.9 Chevron Phillips Chemical Company
7.10 Charles Tennant and Company
8. Competitive Landscape
9. Conclusions and Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/21owtv
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