Mining Chemicals Market Size Worth USD 27.90 Billion By 2020: Grand View Research, Inc.

Global mining chemicals market is expected to reach USD 27.90 billion by 2020, according to a new study by Grand View Research, Inc. Mining industry growth in India, China, Australia, Chile and Peru is expected to drive market growth in the near future. Concentration of rare earth metals in China is expected to promote extraction and drilling activities, which is likely to drive market growth for mining chemicals over the forecast period. Decreasing ore qualities of nickel, zinc, lead and copper has increased importance of frothers, flocculants, solvent extractants and grinding aids, which is expected to augment sales over the forecast period.

Water & waste water treatment was the largest application, accounting for more than 35% of market revenue in 2013. Mining chemicals market demand in water & waste water treatment is expected to witness growth owing to regulatory pressure aimed at reducing water pollution caused by mining.

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