The featured report from Transparency Market Research (TMR) on the global mining chemicals market offers the latest intelligence on the industry. This report is titled “Mining Chemicals Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019”. According to this report, the global mining chemicals market will expand at a CAGR of 6.6% during the forecast period from 2013 to 2019. In 2012, the global mining chemicals market was estimated at US$18 bn and by 2019, the market is projected to be worth US$28.1 bn.
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The global mining chemicals market is driven by the growing demand for mining chemicals due to the increase in the occurrence of low-quality and complex ores. In addition to this, the global mining chemicals market’s growth is also supported by the stringent government regulations for tailings management and the rising economic conditions in the Asia Pacific region. On the other hand, the global mining chemicals market is suppressed by the complicated transportation and logistics involved in the mining chemicals market.
Product-wise, the global mining chemicals market is divided into grinding aids, solvent extracts, collectors, flocculants, frothers, and others. The segment of grinding aids held the largest share in the global mining chemicals market in terms of volume, around 29% in 2012. The second largest product segment in the global mining chemicals market in 2012 was that of collectors. The global mining chemicals market exhibits a moderate degree of forward integration due to the engagement of a few mining chemical producers in downstream activities. This integration will provide participants a distinctive competitive edge in terms of enhanced customer retention and market demands.
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