TechNavio recognizes the following companies as the key players in the Global Mining Chemicals Market: AECI Ltd., BASF Ltd., Clariant AG, and Cytec Industries Inc.
Commenting on the report, an analyst from TechNavio’s team said: “One of the major trends being witnessed in the market is the industry-specific offerings by vendors. In terms of competitive offerings, two kinds of player exist in the Global Mining Chemicals market. The first are companies with generic offerings, and the second are companies with industry-specific offerings. In recent years, many vendors are increasingly focusing on offering specific chemicals to the Global Mining Chemicals market. The major players in the market, such as BASF, are aligning their businesses with customer needs for a specific industry.”
According to the report, one of the major drivers in this market is the increasing complexity in the mineral ore extraction process. This is mainly because the new ore deposits are becoming more difficult to exploit, especially those that are located in remote places with low-grade mineral deposits. This has resulted in the increased use of mining chemicals in complex mining ore extractions.
Further, the report states that one of the major challenges faced in this market is the slow growth of the Global Mining industry. The Global Mining industry is witnessing a decline in profitability, thereby curtailing the growth of the Global Mining Chemicals market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-mining-chemicals-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report -Global Mining Chemicals Market 2012-2016
