South America Mining Chemicals Market, By Type (Grinding Aids, Frothers, Flocculants Solvent Extractants, Collectors, Others), By Mineral Type (Base Metals, Non-Metallic Minerals, Precious Metals, Others), By Application (Mineral Processing, Explosives &

South America Mining Chemicals Market, By Type (Grinding Aids, Frothers, Flocculants Solvent Extractants, Collectors, Others), By Mineral Type (Base Metals, Non-Metallic Minerals, Precious Metals, Others), By Application (Mineral Processing, Explosives & Drilling, Water & Wastewater Treatment, Others), By Country, Competition Forecast & Opportunities, 2027

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

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 an 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

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, a significant growth can be seen in this area due to the high consumption of mining chemicals in Latin America. Moreover, 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 which 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 in the later end of the production process. for refining, manufacturing, commodities trade, and smelting. Furthermore, 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.

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 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.

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:
• Grinding Aids
• Frothers
• Flocculants
• Solvent Extractants
• 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 & Drilling
• Water & Wastewater Treatment
• Others
• South America Mining Chemicals Market, By Country:
• Brazil
• Chile
• Peru
• Colombia
• Argentina
• Venezuela
• Bolivia
• Ecuador
• Paraguay
• Uruguay

Competitive Landscape

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

Company Information

• Detailed analysis and profiling of additional market players (up to five).

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