At 4.5% CAGR, Middle East & Africa Mining Chemicals Market is Projected to be Worth US$ 1,969.91 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the Middle East & Africa mining chemicals market was valued at US$ 1,390.00 million in 2022 and is expected to reach US$ 1,969.91 million by 2030, registering a CAGR of 4.5% from 2022 to 2030. Development of environment-friendly mining chemical solutions and rising exploration activities of rare earth metals are among the critical factors attributed to the Middle East & Africa mining chemicals market expansion.

The development of environment-friendly mining chemicals is a significant step toward sustainable mining practices. Conventional mining chemicals such as cyanide and sulfuric acid have detrimental effects on the environment, including water contamination, soil degradation, and air pollution. Scientists are developing novel bio-based reagents that can be used to extract metals from ores. The diluent is produced from bio-based waste and residual raw materials. The laboratory studies and pilot trials at the Outotec Research Center and Neste's Technology Center (Finland) confirmed the high-level performance of the developed bio-based diluent for solvent extraction of copper and other base metals.

Researchers are also developing new technologies to recycle and reuse mining chemicals. Some companies are developing methods to extract tailings, which are the waste materials left over from the mining process. The development of ionic liquids and supercritical fluids for extraction of metals from ores is further being researched. Some companies and research organizations are exploring the potential of microbial applications for water treatment in mining operations. Thus, the development of environment-friendly mining chemical solutions is expected to emerge as a trend in the Middle East & Africa mining chemicals market in the future.

On the contrary, stringent government regulations related to hazardous mining chemicals hamper the growth of Middle East & Africa mining chemicals market.

In terms of type, the Middle East & Africa mining chemicals market is segmented into flotation chemicals, solvent extractants, grinding aids, and others. The flotation chemicals segment held 59.9% share of the Middle East & Africa mining chemicals market in 2022, amassing US$ 832.89 million. It is estimated to garner US$ 1,186.33 million by 2030 to expand at 4.5% CAGR during 2022-2030. The flotation chemicals segment is sub-segmented into frothers, flocculants, depressants, collectors, and others.

By mineral type, the Middle East & Africa mining chemicals market is categorized into base metals, non-metallic minerals, precious metals, and others. The non-metallic minerals segment held 66.7% share of Middle East & Africa mining chemicals market in 2022, amassing US$ 927.52 million. It is predicted to garner US$ 1,325.42 million by 2030 to expand at 4.6% CAGR during 2022-2030.

In terms of application, the Middle East & Africa mining chemicals market is segmented into mineral processing, wastewater treatment, and others. The mineral processing segment held 68.6% share of the Middle East & Africa mining chemicals market in 2022, amassing US$ 953.65 million. It is estimated to garner US$ 1,339.47 million by 2030 to expand at 4.3% CAGR during 2022-2030.

Based on country, the Middle East & Africa mining chemicals market is categorized into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. The Rest of Middle East & Africa held 38.7% share of Middle East & Africa mining chemicals market in 2022, amassing US$ 537.96 million. It is projected to garner US$ 750.64 million by 2030 to expand at 4.3% CAGR during 2022-2030.

Key players operating in the Middle East & Africa mining chemicals market are Orica Ltd, Kemira Oyj, BASF SE, Betachem Pty Ltd, Clariant AG, Dow Inc, AECI Ltd, Nouryon Chemicals Holding BV, Betachem Pty Ltd, Solvay SA, and Arkema SA, among others.

2023: BASF SE mining solutions announced the launch of its two new product brands: Luprofroth, for growing frothers portfolio, and Luproset, tailored for flotation modifiers.



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