GIA announces the release of a comprehensive global report on mining chemicals markets. The world market for mining chemicals is projected to exceed $10.5 billion by the year 2015. This is primarily driven by depleting ore qualities and increasing regulatory pressure to use environment friendly chemicals. Additionally increasing surface mining, especially coal, is driving the market for explosives.

Mining chemicals play a key role in enhancing the productivity and efficiency of mining processes such as recovery and extraction of minerals and target materials from the ore. Mining chemicals include hydrocarbon collectors based on developmental and traditional sulphur, depressant chemistry, frothers, acid resistant coatings, proprietary extender oils and high purity solvent extraction diluents. Mining chemicals market also includes explosives, and explosive accessories such as detonators and fuses.

The economic downturn adversely affected demand for mining chemicals worldwide, with the US, and Europe bearing the brunt of the declines. Developing regions such as Asia-Pacific also witnessed slower growth in 2009. The rollover effects of the economic downturn are expected to continue in 2010, with market recovery expected from 2011 onwards.

Asia-Pacific and the US dominate the world mining chemicals market, as stated by the new market research report on mining chemicals. Explosives & drilling application represents the largest and fastest growing market for mining chemicals worldwide. Processing chemicals represents the second largest application for mining chemicals.

The report titled “Mining Chemicals: A Global Strategic Business Report” provides a comprehensive review of market trends, and recent industry activity. The study analyses market data and analytics in terms of value sales for regions including the US, Europe, Asia-Pacific, South Africa and rest of the world by the following applications – processing chemicals, explosives & drilling, water & waste treatment, and other applications.