The South America mining chemicals market was valued at USD 751.24 million in 2021 and is expected to register a CAGR of 5.60% during the forecast period, 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
The mining sector has become one of the most invested sectors in the South American region. The mining projects in the region have helped the market to witness 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
A 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, significant growth can be seen in this area due to the high consumption of mining chemicals in Latin America. Moreover, the 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 that 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 at the later end of the production process. for refining, manufacturing, commodities trade, and smelting. Furthermore, the 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.
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Market Segmentation
The South America mining chemicals market is segmented based on type, mineral type, application, country, and company. Based on type, the market is further fragmented into grinding aids, frothers, flocculants, solvent extractants, collectors, and others. Also, segmentation of the market on grounds of the mineral type is done into base metals, non-metallic minerals, precious metals, and others. Based on application, the market is divided into mineral processing, explosives & drilling, water & wastewater treatment, and others. Based on country analysis, the market is divided into Brazil, Chile, Peru, Colombia, Argentina, Venezuela, Bolivia, Ecuador, Paraguay, Uruguay, and the Rest of South America.
Company Profiles
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 are among the major market players in the global platform that lead the market growth of the South America mining chemicals market.
| Attribute | Details |
| The market size value in 2021 | USD 751.24 Million |
| Revenue Forecast in 2027 | USD 1031.01 Million |
| Growth Rate | 5.60% |
| Base Year | 2022 |
| Historical Years | 2017 – 2021 |
| Estimated Year | 2022 |
| Forecast Period | 2022 – 2027 |
| Quantitative Units | Revenue in USD Million and CAGR for 2017-2021 and 2022-2027 |
| Report Coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
| Segments Covered | · Type
· Mineral Type · Application |
| Country Scope | Brazil; Chile; Peru; Colombia; Argentina; Venezuela; Bolivia; Ecuador; Paraguay; Uruguay |
| Key Companies Profiled | 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 |
| Customization Scope | 10% free report customization with purchase. Addition or alteration to country, regional & segment scope. |
| Pricing and Purchase Options | Avail customized purchase options to meet your exact research needs. Explore purchase options |
| Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/pdf format on special request) |
Report Scope:
In this report, South America mining chemicals market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- South America Mining Chemicals Market, By Type:
o Grinding Aids
o Frothers
o Flocculants
o Solvent Extractants
o Collectors
o Others
- South America Mining Chemicals Market, By Mineral Type:
o Base Metals
o Non-Metallic Minerals
o Precious metals
o Others
- South America Mining Chemicals Market, By Application:
o Mineral Processing
o Explosives & Drilling
o Water & Wastewater Treatment
o Others
- South America Mining Chemicals Market, By Country:
o Brazil
o Chile
o Peru
o Colombia
o Argentina
o Venezuela
o Bolivia
o Ecuador
o Paraguay
o Uruguay
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in South America mining chemicals market.
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Table of Content
- Product Overview
- Research Methodology
- Executive Summary
- Voice of Customer
- South America Mining Chemicals Market Outlook, 2017-2027F
5.1. Market Size & Forecast
5.1.1. By Value & Volume
5.2. Market Share & Forecast
5.2.1. By Type (Grinding Aids, Frothers, Flocculants, Solvent Extractants, Collectors, Others)
5.2.2. By Mineral Type (Base Metals, Non-Metallic Minerals, Precious Metals, Others)
5.2.3. By Application (Mineral Processing, Explosives & Drilling, Water & Wastewater Treatment, Others)
5.2.4. By Country
5.2.5. By Company (2021)
5.3. Market Map
- Brazil Mining Chemicals Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value & Volume
6.2. Market Share & Forecast
6.2.1. By Type
6.2.2. By Mineral Type
6.2.3. By Application
- Chile Mining Chemicals Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value & Volume
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Mineral Type
7.2.3. By Application
- Peru Mining Chemicals Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value & Volume
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Mineral Type
8.2.3. By Application
- Colombia Mining Chemical Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value & Volume
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By Mineral Type
9.2.3. By Application
- Argentina Mining Chemical Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value & Volume
10.2. Market Share & Forecast
10.2.1. By Type
10.2.2. By Mineral Type
10.2.3. By Application
- Venezuela Mining Chemical Market Outlook
11.1. Market Size & Forecast
11.1.1. By Value & Volume
11.2. Market Share & Forecast
11.2.1. By Type
11.2.2. By Mineral Type
11.2.3. By Application
- Bolivia Mining Chemical Market Outlook
12.1. Market Size & Forecast
12.1.1. By Value & Volume
12.2. Market Share & Forecast
12.2.1. By Type
12.2.2. By Mineral Type
12.2.3. By Application
- Ecuador Mining Chemical Market Outlook
13.1. Market Size & Forecast
13.1.1. By Value & Volume
13.2. Market Share & Forecast
13.2.1. By Type
13.2.2. By Mineral Type
13.2.3. By Application
- Paraguay Mining Chemical Market Outlook
14.1. Market Size & Forecast
14.1.1. By Value & Volume
14.2. Market Share & Forecast
14.2.1. By Type
14.2.2. By Mineral Type
14.2.3. By Application
- Uruguay Mining Chemical Market Outlook
15.1. Market Size & Forecast
15.1.1. By Value & Volume
15.2. Market Share & Forecast
15.2.1. By Type
15.2.2. By Mineral Type
15.2.3. By Application
- Market Dynamics
16.1. Drivers
16.2. Challenges
- Market Trends & Developments
- Competitive Landscape
18.1. BASF SA
18.2. The Solvay Group
18.3. Kemira OYJ
18.4. Huntsman International LLC
18.5. The Clariant Group
18.6. The Dow Inc
18.7. Orica Limited
18.8. ArrMaz Products Inc.
18.9. DuPont de Nemours, Inc.
18.10. Sika AG
- Strategic Recommendations
20. About Us & Disclaimer
