The world market for mining chemicals is projected to surpass $25.7 billion by the year 2017. Growth in the future will be driven largely by revival of a large number of feasibility studies that were held up by mining companies during the heat of the recession and waxing demand for mineral resources from developing countries to fuel their rapidly growing economies.” Mining chemicals play a vital role in enhancing the productivity and efficiency of mining processes such as the recovery and extraction of minerals and target materials from ore. “Presently,” GIA reports, Asia-Pacific and the USA dominate the world mining chemicals market.
Market for mineral processing is expected to be dominated by precious metals industry such as copper, due to the importance of leaching and flotation in these markets. In upcoming years, legal and regulatory laws regarding environment and safety concerns are expected to propel investments in developing chemicals which are safer and environmentally friendly.