South America Mining Chemicals (Grinding Aids, Foamers, Flocculants, Extraction Solvents, Collectors) Markets, Analysis, Competition, Opportunities and Forecast, 2017-2021 & 2022-2027 – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–The report “South America Mining Chemicals Market, By Type, By Mineral Type, By Application (Mineral Processing, Explosives & Drilling, Water & Wastewater Treatment, Others ), by Country, Competition Forecast and Opportunities, 2027” has been added to from ResearchAndMarkets.com offer.

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%, driven by rapidly increasing investment in untapped mineral reserves in the region.

All chemicals used to maximize the recovery of valuable minerals from mineral mines are known as mining chemicals, which are a type of specialty chemicals used in mining operations. These chemicals are of different types depending on the function they are used to perform.

Increase in new mining projects in the region driving market growth

The 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 huge growth by financing the current and new mining projects. Due to industrialization and infrastructure development, significant growth is detected.

In addition, governments have shown some interest in the mining market by launching more mining activities in their respective countries. For example, under the Paris Agreement, almost every country in the world has committed to reducing carbon emissions by 2050 and for that to happen, copper production must be increased exponentially because copper is the main metal used in solar panels.

Wastewater Treatment Helps Drive South America Mining Chemicals Market

Many mining chemicals are used in wastewater treatment applications such as water recycling, diversion and interception. Wastewater treatment helps minimize corrosion, improve water quality, minimize chemical costs and dosage, and more.

Therefore, a significant growth can be observed in this field due to the high consumption of mining chemicals in Latin America. Moreover, the increase in the demand for mining chemicals for water treatment is due to the legislative laws adopted by the countries to control the impact of mining on nature in order to strengthen the mining sector.

Demand for Specialty Chemicals Drives Market Growth

Specialty chemicals are 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 end of the production process. for refining, manufacturing, commodity trading and smelting. Additionally, high usage of specialty chemicals can be observed in mineral processing businesses, which is accelerating the growth of the market.

The Internet of Things

The mining industry uses IoT to improve production, optimize equipment, ensure worker safety and monitor remote areas. Sensors placed inside the mines allow the collection of data in real time. With this data, mining startups quickly detect faulty equipment, helping field engineers to predict and react quickly. IoT solutions allow mining facilities to minimize maintenance costs and gain detailed visibility of their equipment or processes.

Competitive landscape

Company Profiles: Detailed analysis of major companies operating in the South America mining chemicals market.

  • BASF AG

  • 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

  • Foamers

  • Flocculants

  • Extraction solvents

  • 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 and drilling

  • Water and 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

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