Dust Control Systems and Suppression Chemicals Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
The market for dust control systems and suppression chemicals is valued at USD 12,350 million in 2020 and is expected to grow at a CAGR of more than 4% during the forecast period.
Restrictions by governments in various countries due to the spread of COVID-19 have placed difficulties on mining companies operating in affected countries. The ongoing spread and different reactions to the COVID-19 are expected to delay the ongoing mining projects. COVID-19’s impact on the mining sector may take an extended period of time. For instance, in Italy, one of the worst affected countries outside of China, the national lockdown has resulted in the delay of various ongoing mining projects in-country. Alta Zinc suspended the production of its flagship project, Orno Mine Project, in the Lombardy region of Northern Italy. Major mining companies, such as Rio Tinto and Anglo American, among others, announced to slow down the operations or close completely, due to COVID-19 related restrictions. Rio Tinto’s Oyu Olgoi project in Mongolia suspended the non-essential operations, following the Mongolian government’s restrictions. Anglo American, temporarily, is in the process of demobilizing most of the strong construction workforce at its Qullaveco copper project in Peru, owing to the Peruvian Government’s announcement of a 15-day quarantine to control the spread of COVID-19. These factors, in turn, has negatively affected the market in 2020.
Key HighlightsThe dust suppression chemicals market is partially consolidated among very few players. Cargill, Incorporated is the leader in dust suppression chemicals market across the globe followed by Ecolab, SUEZ, and Hexion. There are many local players in the market with no significant share across the world.
Some of the prominent players in the dust suppression systems market include Camfil, Donaldson Company, Inc., and BossTek, among others.
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