According to the latest market research study released by Technavio, the global mining chemicals market is expected to grow at a CAGR of more than 7% during the forecast period 2016-2020.
This market research report by Technavio provides an in-depth analysis of the market in terms of revenue and emerging market trends. The report also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
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Technavio research analysts categorize the global mining chemicals market based on product type:
Global mining chemicals market share by product type 2015
|
Grinding aids |
46.00% |
|
Sulfide collectors |
20.00% |
|
Flocculants |
18.00% |
|
Frothers |
11.00% |
|
Others |
3.00% |
|
Solvent extractants |
2.00% |
Source: Technavio
The top four revenue contributing product segments are discussed below:
Global mining chemicals market for grinding aids
In 2015, the grinding aids segment accounted for around 46% of the global mining chemicals market. In processing of mineral, alkanol amines, glycols, esters of glycols, alkanol amines, and carboxylates of alkanol amines are used as grinding aid chemicals. The use of these products reduces cohesion and adhesion in the ore slurry that leads to significant gains in the grinding productivity. The benefits of grinding aids include improved ore throughput in grinding circuit, reduced energy use at a given throughput, improved extraction, reduced maintenance, improved environmental performance, and decreased capital expenditures.
“The mining chemicals like grinding aids increase the extraction productivity, quality, separation rate, and stability of the minerals. The usage of these chemicals not only reduces the risk of environmental hazards but also the cost of production by decreasing the dispensation time and residual waste. To deal with the challenges in mineral processing, especially quality and stability, the market has increased its dependence on the development of specialty products,” says Ajay Adhikari, a lead analyst at Technavio for research on metals and minerals.
Global mining chemicals market for sulfide collectors
The sulfide collectors segment accounted for around 20% of the global mining chemicals market in 2015. On the basis of hydrophilic and hydrophobic chemical characteristics, sulfide collectors are used to separate minerals. The chemicals follow to the surface of minerals and convert them to a hydrophobic form, which facilitates easy and efficient extraction of minerals from the ore solution. Fatty acids, oils, petroleum sulfonates, xanthates, fatty amines, and dithiophosphates are commonly used as collectors in mineral processing and xanthates account for the most widely used sulphide collector chemical globally. Collectors act as surfactants in the flotation cell and adsorb to the surfaces of the mineral particles, making them hydrophobic, and resulting in the production of stable bubbles in the cell to which the hydrophobic particles attach themselves.
Global mining chemicals market for flocculants
The flocculants segment accounted for around 18% of the global mining chemicals market in 2015. Flocculants are mining chemicals that mostly find application in waste and water treatment. Flocculants are used in liquid-solid separation on the basis of their particle size and ionic charge. Flocculants based on ionic charge can be of three types including anionic, cationic, and non-ionic. Some of the commonly used flocculants are aluminum chlorohydrate, polyaluminium chloride, calcium hypochlorite, ferric chloride hexahydrate, activated carbon, polyamines, polyacrylamide, boric acid, polyethyleneimines, perchloric acid, and polyethylene oxide. Owing to the rising awareness and the stringent policies regarding environment safety, the market for flocculants is likely to witness speedy growth worldwide over the next four years.
Global mining chemicals market for frothers
In 2015, frothers accounted for around 11% of the of the global mining chemicals market. To extract the mineral froth, flotation uses the difference in the hydrophobicity of minerals and waste materials like rocks, slag, and mud found within the ore. The use of an appropriate frother chemical improves mineral recovery rates and increases selectivity significantly. Frothers separate the metals and minerals from the gangue in the ore by creating a layer of foam and are also primarily used to improve bubble formation during flotation. Further, they also improve the stability and yield of minerals such as sulfides, carbonates, oxides, nickel, phosphates, coal, copper, and other rare elements. Some of the most commonly used frothers in the mining process are Methyl isobutyl carbinol (MIBC), low molecular weight polypropylene glycols, pine oil, and polyglycol ethers.
The top leading vendors operating in the global mining chemicals market are:
- AECI
- BASF
- Chevron Phillips Chemical
- Clariant
- Cytec Solvay
Other prominent vendors in the mining chemicals market include AkzoNobel Surface Chemistry, Evonik, DuPont, and Ashland.
A more detailed analysis is available in the Technavio report titled, ‘Global Mining Chemicals Market 2016-2020’. Technavio also customizes reports by other regions and specific segments upon request.
Other related reports:
- Global Silica Minerals Mining Market 2016-2020
- Global Mining Equipment Rental Market 2016-2020
- Global Chromium Mining Market 2016-2020
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