DUBLIN--(BUSINESS WIRE)--The "South America Mining Chemicals Market, By Type, By Mineral Type, By Application (Mineral Processing, Explosives & Drilling, Water & Wastewater Treatment, Others), By Country, Competition Forecast & Opportunities, 2027" report has been added to ResearchAndMarkets.com's offering.
South America mining chemicals market was valued at USD 751.24 million in 2021 and is expected to register a CAGR of 5.60%, owing to rapidly increasing investment in the untapped mineral reserves in the region.
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.
Rise in new mining projects in the region driving market growth
Mining sector has become one of the most invested sectors for the South American region. The mining projects in the region have helped the market to witness an enormous growth by funding present as well as new mining projects. Due to industrialization and infrastructure development, significant growth is detected.
Moreover, governments have shown quite an interest in the mining market by initiating more of mining activities in their respective countries. For instance, in accordance with the Paris Agreement, almost every country on the globe has vowed to lower the carbon emissions by 2050 and for that to happen copper production has to be increased exponentially as copper is the major metal used in the solar panels.
Wastewater Treatment is Helping in Driving South America Mining Chemicals Market
Lot of mining chemicals are used in wastewater treatment applications such as recycling of water, diverting, and intercepting. The wastewater treatment helps to minimize corrosion, better water quality, minimize costs, and dosage of chemicals etc.
Therefore, a significant growth can be seen in this area due to the high consumption of mining chemicals in Latin America. Moreover, increase in demand for mining chemicals for water treatment is due to the legislative laws passed by the countries to control the impact of mining on nature to enhance the mining sector.
Demand for Specialty Chemicals is Driving Market Growth
Specialty chemicals are the mining chemicals which are used in the mining process. These chemicals make the process used more efficient, as mining is a very tedious and complicated process.
They are specifically used in the later end of the production process. for refining, manufacturing, commodities trade, and smelting. Furthermore, high use of specialty chemicals can be seen in mineral processing companies which accelerates the growth of the market.
The Internet of Things
The mining industry utilizes the IoT to improve production, optimize equipment, ensure worker safety, and monitor isolated areas. Sensors placed inside mines, enable real-time data collection. Using this data, mining startups detect faulty equipment quickly, helping field engineers predict and react quickly. IoT solutions allow mining facilities to minimize maintenance costs and gain detailed visibility into their equipment or processes.
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in South America mining chemicals market.
- BASF SA
- The Solvay Group
- Kemira OYJ
- Huntsman International LLC
- The Clariant Group
- The Dow Inc
- Orica Limited
- ArrMaz Products Inc.
- DuPont de Nemours, Inc.
- Sika AG
Report Scope:
South America Mining Chemicals Market, By Type:
- Grinding Aids
- Frothers
- Flocculants
- Solvent Extractants
- Collectors
- Others
South America Mining Chemicals Market, By Mineral Type:
- Base Metals
- Non-Metallic Minerals
- Precious metals
- Others
South America Mining Chemicals Market, By Application:
- Mineral Processing
- Explosives & Drilling
- Water & Wastewater Treatment
- Others
South America Mining Chemicals Market, By Country:
- Brazil
- Chile
- Peru
- Colombia
- Argentina
- Venezuela
- Bolivia
- Ecuador
- Paraguay
- Uruguay
For more information about this report visit https://www.researchandmarkets.com/r/43vxqg
