At 4.4% CAGR, Asia Pacific Dust Control or Suppression Chemicals Market is Projected to be Worth US$ 512.83 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Asia Pacific dust control or suppression chemicals market was valued at US$ 363.31 million in 2022 and is expected to reach US$ 512.83 million by 2030, registering a CAGR of 4.4% from 2022 to 2030. Increasing investments and operations in mining sector and rising demand for dust control or suppression chemicals from construction industry are among the critical factors attributed to the Asia Pacific dust control or suppression chemicals market expansion.

The increase in mining activities worldwide has resulted in rising demand for dust control and suppression chemicals. The region is witnessing an increase in mining activities due to the discovery of new mineral deposits, growing infrastructure developments, and increasing demand for minerals and resources. Governments and organizations in countries such as Australia, China, the Czech Republic, Portugal, the US, Canada, and others are actively promoting exploration and mining activities. As per a report by the Green Finance and Development Centre, investments in the metals and mining industries in China reached US$ 10 billion in the first half of 2023, a rise of 131% compared to the same period in 2022. Further, in October 2023, the government of Australia invested an additional US$ 3.9 billion in the Export Finance Australia-managed Critical Minerals Facility. The funding targeted support for mining projects aligned with Australia's Critical Minerals Strategy 2023-2030.

The expansion of mining operations, quarrying, and construction activities creates a demand for dust control and suppression chemicals to minimize the environmental impact and comply with regulations.

On the contrary, availability of alternatives hurdles the growth of Asia Pacific dust control or suppression chemicals market.

Based on chemical type, the Asia Pacific dust control or suppression chemicals market is categorized into lignin sulfonate, calcium chloride, magnesium chloride, asphalt emulsions, oil emulsions, polymeric emulsions, and others. The calcium chloride segment held 40.6% share of Asia Pacific dust control or suppression chemicals market in 2022, amassing US$ 147.59 million. It is projected to garner US$ 210.86 million by 2030 to expand at 4.6% CAGR during 2022-2030.

In terms of end-use industry, the Asia Pacific dust control or suppression chemicals market is segmented into mining, construction, oil and gas, food and beverage, textile, glass and ceramics, pharmaceuticals, and others. The mining segment held 30.4% share of Asia Pacific dust control or suppression chemicals market in 2022, amassing US$ 110.32 million. It is projected to garner US$ 158.78 million by 2030 to expand at 4.7% CAGR during 2022-2030.

Based on country, the Asia Pacific dust control or suppression chemicals market has been categorized into Australia, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 48.2% share of Asia Pacific dust control or suppression chemicals market in 2022. It was assessed at US$ 175.19 million in 2022 and is likely to hit US$ 256.45 million by 2030, exhibiting a CAGR of 4.9% during 2022-2030.

Key players operating in the Asia Pacific dust control or suppression chemicals market are Benetech Inc, Veolia Environnement SA, Ecolab Inc, Quaker Chemical Corp, Dow Inc, BASF SE, Solenis LLC, and Borregaard ASA, among others.

• In March 2021, Dow Inc signed an agreement with the Zhanjiang Economic and Technological Development Zone Administrative Committee to establish the Dow South China Specialties Hub, a multi-year project that will provide customers with local access to Dow's portfolio of high-value products and innovative technologies.
  
  
  
  Contact Us
  Phone: +16467917070
  Email Id: sales@businessmarketinsights.com