The Africa Mining Chemicals Market size is expected to reach USD 960.97 million by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.6% from 2021 to 2028. Factors such as the rising demand for minerals, increasing mining activities, and water treatment are likely to fuel the market growth over the forecast period. The growing market for metals such as gold, copper, and phosphate is expected to contribute to the product demand over the coming years.
Innovation in the industry is likely to increase yield
and reduce the environmental hazards of mining operations. Furthermore, the
deteriorating quality of mineral reserves is likely to result in the
development of new and advanced mineral processing methods, which is expected
to drive the demand for chemicals, such as flocculants, frothers, grinding
aids, and solvent extractants, over the coming years.
Raw materials such as uranium, sulfuric acid, lead,
nitric acid, mercury, and cyanide are used in the manufacturing of mining
chemicals. China is a major exporter of mercury to Sub-Saharan Africa, followed
by Singapore, Switzerland, Turkey, India, Mexico, United Arab Emirates, and
Ukraine. In the African continent, Morocco is a major producer of Mercury.
However, due to the adverse effect of mercury on the environment and human
health, mineral miners are moving themselves to support mercury-free gold
extraction. Countries such as Burkina Faso and Kenya have participated to
support mercury-free gold extraction programs led by the United Nations.
The African market for mining chemicals is
characterized by the presence of numerous manufacturing giants and local
players who constantly focus on upgrading their overall business portfolio
right from product development to marketing. The product demand in Africa has increased
significantly since the past decade with major shifts in the mining industry,
coupled with the growing wastewater activities in the region. Many end-use
application manufacturers have even formed alliances with the manufacturers to
maintain consistency in their production processes and eliminate the risk of
uncertainty in terms of product availability and sourcing.
Related to Press Release@ Africa Mining Chemicals Market Report
Africa Mining Chemicals Market
Report Highlights
- By ore type, the powder gold segment is expected to expand at the
fastest CAGR of 5.8% in terms of revenue over the forecast period. The
growth is attributed to the increasing use of gold in different
applications, including medicine, water treatment, printing paper, and
making colors for painting
- In 2020, the explosives and drilling segment emerged as the
dominant application segment and accounted for a revenue share of more
than 35.0% because drilling and explosions are major operations used in
opencast mining
- Ivory Coast is projected to register the fastest CAGR in terms of
volume from 2021 to 2028. This growth is attributed to the growing gold
mining activities in the country
- The African market for mining chemicals is highly competitive due
to the presence of a large number of multinationals that are engaged in
constant research & development activities and local players
- Some of the key local players are involved in enhancing their
market presence in Africa through signing an agreement with distributors
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