Product ID: SQMIR15A2436
Africa Mining Chemicals Market Size, Share, Growth Analysis, By Ore Type(Powder Gold, Iron Ore), By Application(Mineral Processing, Explosives & Drilling) - Industry Forecast 2024-2031
Report ID:
SQMIR15A2436 |
Region:
Regional |
Published Date: February, 2024
Pages:
157
|
Tables:
69 |
Figures:
75
Africa Mining Chemicals Market Insights
Africa Mining Chemicals Market size was valued at USD 622.87 million in 2021 and is poised to grow from USD 657.75 million in 2022 to USD 1017.12 million by 2030, growing at a CAGR of 5.6% in the forecast period (2023-2030).
The market is anticipated to grow during the forecast period due to factors such increasing mining production and a rise in water treatment operations. In the upcoming years, it is expected that the demand for the product will be affected by extraction of ore types such gold, copper, and phosphate.
The African mining chemical market is characterized by the presence of numerous global manufacturing giants and local players who consistently attempt to enhance their entire business portfolio, from product development to marketing. Throughout the last decade, there have been significant changes in the business, along with an increase in wastewater activities around the continent. To maintain consistency in their production processes and remove the risk of uncertainty in terms of product availability and sourcing, many end-use application manufacturers have even teamed up with the manufacturers.
Raw materials like uranium, sulfuric acid, lead, nitric acid, mercury, and cyanide are utilized to make mining chemicals. In the industry, the process of leaching, which extracts gold and silver from their respective ores, uses cyanide. Sulfuric acid is produced using the wet method, the contact process, and the lead chamber process. The DRC, Zambia, South Africa, and Namibia constitute a few of Africa's top sulfuric acid producers. Tanzania is the only country in Africa with the capacity to produce sulfuric acid.
Africa Mining Chemicals Market Report Snapshots
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