市場調查報告書
商品編碼
1575775
全球採礦化學品市場 - 2024-2031Global Mining Chemicals Market - 2024-2031 |
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概述
2023年,全球採礦化學品市場規模達到105.9億美元,預計2031年將達到146億美元,2024-2031年預測期間複合年成長率為4.1%。
採礦化學品是採礦業中使用的專用化學品,用於促進各種過程,例如從礦石中提取、分離和純化有價值的礦物。這些化合物透過協助礦物浮選、溶劑萃取和浸出等程序,對於提高採礦活動的效率至關重要。採礦化學品產品在許多採礦場景中用作抑制劑。
全球採礦化學品市場是由採礦活動的增加(特別是在新興經濟體)以及建築、汽車和電子等行業對礦物和金屬的需求不斷成長所推動的。例如,根據世界黃金協會的數據,2022年全球礦場總產量將接近200億噸。亞太地區、北美和南美等地區是市場成長的重要貢獻者。
增加全球鋼鐵和鋁產量
全球鋼鐵和鋁產量的成長正在推動對採礦化學品的需求,因為這些產業嚴重依賴透過採礦提取的原料。根據世界鋼鐵協會的數據,2023年,71個報告國的世界粗鋼產量達到1.357億噸,反映出對鐵礦石和相關採礦活動的強勁需求。
同樣,國際鋁業協會報告稱,到 2023 年底,鋁產量達到 7059 萬噸,較 2022 年成長 2.25%。 、加工和選礦。
技術進步
由於先進方法的發展,可以更有效地加工和提高有價值礦物的回收率,以及減少廢物和提高採礦活動的永續性,預計對採礦化學品的需求將會增加。
例如,在澳大利亞,聯邦科學與工業研究組織 (CSIRO) 耗資 700 萬美元開發了一個專門的鑽孔岩心實驗室,該實驗室透過改進探勘和提取方法來推動採礦化學品領域的創新。
冗長的許可流程與環境問題
採礦化學品市場因許可證程序延長和監管障礙而受到嚴重阻礙。在美國等地,獲得採礦許可證可能需要七到十年的漫長過程,從而導致專案延誤,阻礙專案在預期時間內完成。延長的時間表為投資帶來了模糊性,阻礙了採礦業務的成長,進而影響了對採礦化學品的需求。
此外,環境問題也導致多個地區的許可證被吊銷,項目被取消。在塞爾維亞,由於針對環境危害的大規模示威活動,力拓撤銷了經營鋰礦的授權。這些行動不僅推遲了目前的項目,也阻礙了未來的採礦投資,進一步限制了採礦化學品的市場擴張。
Overview
Global Mining Chemicals Market reached US$ 10.59 billion in 2023 and is expected to reach US$ 14.60 billion by 2031, growing with a CAGR of 4.1 % during the forecast period 2024-2031.
Mining chemicals are specialized chemicals used in the mining industry to facilitate various processes such as the extraction, separation and purification of valuable minerals from ores. The compounds are essential for enhancing the effectiveness of mining activities by assisting in procedures like mineral flotation, solvent extraction and leaching. The Mining Chemicals Products are utilized in numerous mining scenarios as inhibitors.
The global mining chemicals market is driven by increasing mining activities, especially in emerging economies and the growing demand for minerals and metals in industries such as construction, automotive and electronics. For instance, according to the World Gold Council, the total global production volume of mines in 2022 amounted to nearly 20 billion metric tons. Regions like Asia-Pacific, North America and South America are significant contributors to market growth.
Increasing Global Steel and Aluminum Production
The growth in global steel and aluminum production is driving the demand for mining chemicals, as these industries rely heavily on raw materials extracted through mining. According to the World Steel Association, in 2023, world crude steel production for 71 reporting countries reached 135.7 million tonnes, reflecting strong demand for iron ore and related mining activities.
Similarly, the International Aluminum Institute reported that aluminum production reached 70.59 million metric tonnes by the end of 2023, marking a 2.25% increase from 2022. The surge in production highlights the need for continuous mining operations, which in turn boosts the demand for specialized chemicals used in mineral extraction, processing and beneficiation.
Technological Advancements
The need for mining chemicals is projected to increase due to the development of advanced methods that allow for more effective processing and higher recovery rates of valuable minerals, as well as a decrease in waste and an improvement in sustainability in mining activities.
For instance, in Australia, the development of a US$ 7 million specialized drill core lab by the Commonwealth Scientific and Industrial Research Organization (CSIRO), which is advancing innovation in the mining chemicals sector through enabling enhanced exploration and extraction methods.
Lengthy Permit Processes and Environmental Concerns
The mining chemicals market is significantly hindered by prolonged permit procedures and regulatory obstacles. In places such as US, acquiring mining permits can require a lengthy process of seven to ten years, leading to delays that impede project completion within desired timelines. The prolonged timeline creates ambiguity for investments and hinders the growth of mining operations, which in turn affects the need for mining chemicals.
Furthermore, environmental issues have resulted in permits being revoked and projects being called off in various areas. In Serbia, Rio Tinto's authorization to operate a lithium mine was withdrawn due to extensive demonstrations against environmental hazards. The actions not only postpone present projects but also hinder future investments in mining, further limiting market expansion for mining chemicals.
The global mining chemicals market is segmented based on product, mineral, application and region.
Growing Demand for Flocculants to Minimize Ecological Footprint
The mining industry's increasing focus on sustainability and environmental responsibility is driving the demand for flocculants. As more minerals are extracted, the industry faces significant challenges in managing the resulting wastewater and tailings. The rising use of water in mining operations exacerbates the production of waste streams, necessitating effective solutions for solid-liquid separation.
Flocculants play a crucial role in this process by binding and settling particles, enabling more efficient dewatering of waste streams. This not only reduces the environmental impact but also enhances the overall efficiency of mining operations. As regulatory pressures mount and the industry seeks to minimize its ecological footprint, the adoption of flocculants is expected to grow.
The chemicals are essential for meeting stringent environmental standards by improving waste management practices and reducing water usage in mining activities. With the global push towards sustainable mining practices, the demand for flocculants is likely to see continued growth, making them a vital component in the broader mining chemicals market.
Ambitious Targets and Infrastructure Investments in Europe Region
The Asia-Pacific region is experiencing significant growth in the mining chemicals market, driven by the region's dominant role in global mineral production. According to US Geological Survey's 2022 report, China supplied 25 non-fuel mineral commodities in 2021 and is a major producer of 16 critical minerals. The region heavily depends on mining chemicals to improve extraction, processing and beneficiation effectiveness, as demonstrated by its substantial mineral production.
Government-led efforts, for instance, Coal India's strategy to start working at five new mines and increase the size of 16 current ones, also drive up the need for mining chemicals, especially those utilized in coal extraction and processing. Major mining companies such as Mitsubishi Materials Corporation, Jiangxi Copper Co Ltd, Aluminum Corporation of China Ltd and BHP are based in the region.
The extensive mining and mineral production operations of these companies require advanced chemicals to facilitate different aspects of the mining process. With the ongoing industrialization in the region and increasing need for raw materials, the mining chemicals market is set for strong growth due to large mining operations and efforts to enhance productivity and sustainability.
The major global players in the market include 3M, AECI Mining, Clariant, Dow, Kimleigh Chemicals SA, Mining Chemicals South Africa, Nouryon, SNF Group, Solenis and Solvay.
Sustainability Analysis
The mining chemicals industry is experiencing a significant move towards sustainability, driven by advancements in green chemistry and higher regulatory demands. Businesses are creating eco-friendly mining chemicals to reduce the negative impacts of conventional products such as cyanide and mercury. For instance, BASF has launched Rheomax ETD, a range of mining chemicals made from sustainable sources that can break down naturally, effectively lessening the environmental effects of mining activities.
The market is now focusing on sustainable mining practices to minimize the environmental impact of operations. For example, Newmont Mining's water management system enables the recycling and reutilization of water, reducing freshwater usage by as much as 26%. Such activities are resulting in less use of dangerous chemicals and improved handling of waste. The increasing focus on sustainability by companies is projected to boost the market for environmentally-friendly mining chemicals, leading to a shift towards more sustainable solutions.
Russia-Ukraine War Impact
The mining chemicals market has been notably affected by the Russia-Ukraine conflict, mainly due to interruptions in mineral supply chains and heightened geopolitical insecurity. As Russia is one of the three leading exporters of diamonds, gold, precious metals (PGMs) and nickel, there is projected to be a significant impact on the mining company's distribution chain. It is also a leading supplier of merchant shipping and met coal, iron ore and aluminum to European markets.
Coal, iron ore and uranium supplies are all anticipated to be disrupted in Ukraine. The dispute has resulted in interruptions in the distribution of these vital minerals and chemicals, resulting in scarcities and fluctuations in prices within the market. Moreover, the conflict has increased the importance of businesses looking for different sources and pathways for mining chemicals, leading to changes in market dynamics and encouraging innovation.
The scenario led to a reassessment of worldwide supply chains and a heightened emphasis on obtaining more dependable and varied suppliers of mining chemicals. The continuous strife highlights the necessity of geopolitical stability for ensuring a reliable supply and cost efficiency of mining chemicals on a global scale.
Grinding Aids
Flocculants
Frothers
Collectors
Depressants
Others
Metallic
Non-Metallic
Mineral Processing
Explosives and Drilling
Water and Wastewater Treatment
Others
Region
North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Asia-Pacific
China
India
Japan
Australia
Rest of Asia-Pacific
Middle East and Africa
In July 2024, Solenis announced its strategic decision to improve its offerings in the mining chemicals sector through the acquisition of BASF's flocculants business, known for its focus on mining applications. The acquisition marks a notable growth for Solenis, allowing the firm to offer a complete solution to its clients in the mining and mineral processing industries.
In February 20224, Orica, a global leader in mining services, announced its acquisition of Cyanco, a prominent US-based manufacturer and distributor of sodium cyanide, for US$640 million. The strategic move aligns with Orica's broader growth strategy, extending its reach beyond traditional blasting services into the mining chemicals sector.
In May 2023, Nalco Water, a subsidiary of Ecolab, announced the acquisition of Flottec, a prominent provider of flotation products and services for the mineral processing industry. This strategic move aims to expand Nalco Water's portfolio of flotation solutions and strengthen its position in the mineral processing market.
To visualize the global mining chemicals market segmentation based on product, mineral, application and region.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of the mining chemicals market with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as excel consisting of key products of all the major players.
The global mining chemicals market report would provide approximately 62 tables, 55 figures and 220 pages.
Target Audience 2024
Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies