Mining Chemicals Market 2019 Trends, Applications, Business Development, Key Payers, Size till 2023

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Mining chemicals are used extensively to improve productivity and efficiency of mining activities such as extraction, flotation, grinding, separation, and others. Market Research Future's in-depth report on the global mining chemicals market offers various accurately calculated figures and facts pertinent to the market. Several chemicals including cyanide, nitric acid, gasoline, and acetylene are used in the mining sector.

Mining chemicals are witnessing increasing demand primarily due to the rise in investments in mining projects, particularly in the Asia Pacific region. High demand for mining chemicals in industrialization ad infrastructure development will likely boost market growth during the forecast period. Mining is an ongoing activity for many years which has led to a high consumption of mined minerals in the top layers. Deeper exploration carries various complexities which require use of mining chemicals. Eastern Europe and the African region have been growing in prominence in the market due to increasing mining activities and the use of mining chemicals. Water and wastewater treatment is another key use of mining chemicals. Increasing demand for water due to the presence of a massive global population has resulted in increased use of mining chemicals.

However, mining chemicals also have negative environmental impact which will likely pose a major challenge to market growth as the toxicity of these chemicals is expected to lead to bans in use in various end-use industries. Regulation of mining chemicals is expected to contribute to this restraining factor.

Competitor Analysis:

Ssynthetic Rubber Market are ExxonMobil (U.S.), Versalis S.p.A. (Italy), The Dow Chemical Company (U.S.), ZEON Corporation (Japan), LGChem (SouthKorea), JSR Corporation (Japan), Asahi Kasei Corporation (Japan), Sumitomo Chemical Co. Ltd. (Japan), LANXESS (Germany), Kumho Petrochemical (South Korea)

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Industry Segments:

The global market for synthetic rubber has been segmented on the basis of end-use industry, type, and region.

By type, the synthetic rubber market has been segmented into NBR, EPDM, SBR, BR, SBC, and others based on type. Other types comprise IIR, IR, and CR. Among these, SBR is extensively used in heavy truck tires and automobiles, owing to its heat and abrasion resistant properties. SBR is also resistant to water, possesses low-temperature flexibility, and heat aging properties. SBR has been projected to hold the largest market share among the other segments due to its extensive use in the manufacture of conveyor belt covers, gaskets, tubes, lining rubber, belts, seals, hoses, and others. Whereas, polybutadiene rubber (BR) is expected to witness a healthy growth owing to its extensive usage in end-use industries like footwear and building and construction.

By end-use, the synthetic rubber market has been segmented into industrial, automotive and transportation, construction, footwear, and others. Among these, the segment for automotive and transportation accounts for the largest share followed by construction, owing to the growing purchasing power of consumer along with growing automotive production and sales. Besides, growing construction activities including commercial and residential are anticipated to spur the construction segment.

Detailed Geographical Analysis:

The Asia Pacific due to the presence of countries such as China, India and Japan where there is an increase in mining activities, is expected to hold a leadership position in the market. Use of mining chemicals for water treatment, is a primary market driving factor for the APAC market. Mining chemicals are also used in limestone grinding for the production of cement. The regions burgeoning construction sector and is subsequent demand for cement is expected to bolster APAC's position of power in the market over the assessment period.

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North America, and Europe are also significant markets in the region, limestone grinding is a key use which drives the demand for mining chemicals. Moreover, battery metals are in high demand in the North American market due to the rising demand for electric vehicles. Meanwhile, Eastern Europe is increasing mining activities and as such is expected to contribute to growth of the European market.

Intended Audience

  • Mining chemicals Manufacturers
  • Traders and distributors of mining chemicals
  • Research and development institutes
  • Potential investors
  • Raw material suppliers
  • Nationalized laboratory

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