South America Mining Chemicals Market to Register CAGR of 5.60% until 2027
Increasing new mining projects in South
America and the never-ending demand for specialty chemicals in the region are
the major drivers of the South America mining chemicals market.
According to TechSci report on, “South
America Mining Chemicals Market – “South America Mining Chemicals Market - By Country, Competition
Forecast & Opportunities, 2027”, the
South America Mining Chemicals Market stood at USD 751.24 Million in 2021 and
is expected to grow at a CAGR of 5.60% during the forecast period. All the
chemicals used to maximize the recovery of valuable minerals from the mineral
mines are known as mining chemicals, which are a type of specialty chemicals
used in mining operations. These chemicals are of various types depending upon
the function they are used to carry out.
It is possible to
achieve the goal of reducing carbon emissions through increasing the use of
renewable and low-carbon gases (such as biomethane, syngas, and hydrogen) and
developing carbon capture, utilization, and storage (CCUS) technology.
Economies looking to cut greenhouse gas emissions must mine copper and lithium
as much as they can which are used for solar panels and in electric vehicles which
run on lithium batteries.
The governments of
different nations are adopting several actions to reduce greenhouse gases,
which is the primary reason for global warming. For instance, almost every
country has signed on the Paris Agreement which has a long-term goal of
bringing down the average global temperature to 2 degree Celsius by 2050 above
pre-industrial levels which is only possible if countries implement renewable
sources of energy in place of conventional sources such as fossil fuels, crude
oil etc.
Browse over 61 market
data Figures and spread through 107 Pages and an in-depth TOC on "SOUTH AMERICA MINING CHEMICALS MARKET"
The South America mining
chemicals market segmentation is based on type, mineral type, application, and country.
Based on type, the
market is further divided into grinding aids, frothers, flocculants, solvent extractants,
collectors, and others. Grinding aids segment dominated the
market in 2021 with an overall market share of around 27.54%. This can be ascribed to the
growing environmental concerns and awareness worldwide, which has significantly
increased the demand for green chemicals all over the globe.
Based on mineral type, the market is further divided into base metals, non-metallic
minerals, precious metals, and others. The base metals segment dominated the market in 2021 on account of
the widespread use of mining chemicals.
Some of the major companies
operating in the South America mining chemicals market include:
- BASF SA
- The Solvay Group.
- Kemira OYJ
- Huntsman international LLC
- The Clariant Group
- The Dow Inc.
- Orica Limited
- ArrMaz Products Inc.
- Dupont de Numerous, Inc
- SIKA AG
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Grinding
aids work mainly by scattering ground cement particles to avoid agglomerates, permitting
a surge in production of up to 25%. Various
research & developments are also on the go by the leading companies in the
mining chemicals market, aiming to increase mining production and efficiency
and to make the purchase more affordable and cost-effective. Additionally,
Latin America has the planet’s largest reserves of copper, lithium, and silver,
with vast gold reserves. This is a long-term industry, where investors say they
need stable regulations and taxes over a project’s lifetime as much as 30 years
or more. said Mr. Karan Chechi, Research Director with TechSci Research, a
research-based global management consulting firm.
“South America Mining Chemicals
Market By Type (Grinding Aids, Frothers, Flocculants Solvent Extractants, Collectors,
Others), By Mineral
Type (Base Metals, Non-Metallic Minerals, Precious Metals, Others), By Application (Mineral
Processing, Explosives & Drilling, Water & Wastewater Treatment, Others), By Country, Competition
Forecast & Opportunities, 2027”, has evaluated the future growth
potential of South American mining chemicals market and provides statistics
& information on market size, structure, and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in the South America mining chemical market.
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