Mining Chemicals Market is Poised To Reach Around $640.3 Million By 2024: Grand View Research, Inc.8/2/2018 The global mining chemicals market size is projected to reach at USD 38.01 billion by 2024, according to a new report by Grand View Research, Inc., progressing at a CAGR of 6.4% during the forecast period. Increasing mining activities in various regions are likely to drive the market over the forecast period.
Raw material supply is a crucial part of the mining industry. Raw materials used in the production of mining chemicals are hazardous and are, therefore, delivered in ISO standard containers only. This results in an increase in the raw material prices, which in turn is expected to affect final product price. Increase in demand for minerals with high purity is poised to be one of the key factors augmenting the market. Degradation of the quality of ore has boosted the reliance on effective and efficient methods. Solvent extraction technology is one of the key technologies used for effective and efficient extraction. Regulations regarding recycling of wastewater are anticipated to increase waste water treatment activities across the globe. These regulations are compelling industries to decrease the water waste discharge, which is expected to increase the utilization of mining chemicals over the forecast period. The U.S. government has framed regulations such as National Environmental Policy Act and Clean Water Act to restrict the discharge of toxic substances in water and promotion of water treatment systems. Full Research Report On Global Mining Chemicals Market By Grand View Research: www.grandviewresearch.com/industry-analysis/mining-chemicals-market Further key findings from the study suggest:
www.grandviewresearch.com/industry/oil-and-gas-drilling-and-extraction-equipments Grand View Research has segmented the global mining chemicals market report on the basis of product, application, and region: Mining Chemicals Product Outlook (Revenue, USD Million, 2013 - 2024)
www.grandviewresearch.com/press-release/global-mining-chemicals-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For More Information: www.grandviewresearch.com
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