DALLAS, March 24, 2015 /PRNewswire/ --
The report "Specialty Mining Chemicals Market by Functionality (Grinding Aids, Flocculants, Solvent Extractants, Frothers, and Collectors) & Geography - Global Market Trends & Forecasts to 2019", defines and segments the global specialty mining chemicals market with analysis and forecasting in terms of volume and value. The specialty mining chemicals market value expected to grow from an estimated $3.4 Billion in 2014 to $4.3 Billion by 2019, with a CAGR of 4.8% between 2014 and 2019.
Browse 74 Market Data Tables and 47 Figures spread through 174 Pages and in-depth TOC on "Specialty Mining Chemicals Market".
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The specialty mining chemicals market is projected to grow at a CAGR of 4.8% between 2014 and 2019, in terms of value. The largest type of mining chemicals based on functionality is grinding aids followed by flotation chemicals which include frothers and collectors. The demand for specialty mining chemicals is mainly driven by increased complexity of ores. Also, the population growth and urbanization in developing countries is driving the demand for minerals which in turn is driving the growth of specialty mining chemicals.
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The consumption of specialty mining chemicals is the highest in the Asia-Pacific region. The consumption of specialty mining chemicals in the region accounted for over 50.0% of the total market in 2013 in terms of volume. The increased investment in the mining industry in Asia-Pacific is the major driver of specialty mining chemicals in the region. The growth of specialty mining chemicals in North America and Europe is low due to the decreased mining activities in these regions.
The top companies in the specialty mining chemicals market include BASF SE (Germany), AkzoNobel N.V. (The Netherlands), Cytec Industries Inc. (U.S.) and Clariant AG (Switzerland) among others. The specialty chemicals market recorded a number of expansions and new product launches in the recent past.
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