Global Mining Chemicals Market to Reach $16.5 billion by 2030 - Industry Experts, Inc. Market Research
Industry Experts, Inc., released its latest version of the report on Mining Chemicals Market . According to this new global market research report, demand for mining chemicals is estimated at US$11.8 billion in 2024 and projected to reach US$16.5 billion by 2030 at a 2024-2030 CAGR of 5.8%. Some of the factors instrumental in driving demand for Mining Chemicals include growing demand for metals & minerals, expansion of mining activities, especially in emerging economies, technological innovations in mining techniques, such as hydrometallurgy and bioleaching, environmental regulations & sustainability initiatives, fluctuations in commodity prices, urbanization & infrastructure development and energy transition & a shift to electric vehicles. With an estimated 2024 share of 23.6%, Grinding Aids form the largest category within the overall Mining Chemicals market. These chemicals primarily find application in enhancing the efficiency of the grinding process ...