The Africa mining chemicals market size is projected to reach US$960.97mn by 2028 and is expected to expand at a CAGR of 5.6% from 2021 to 2028, according to ResearchAndMarkets analysis
Factors such as the rising demand for minerals, increasing mining activities, and water treatment are likely to fuel the market growth over the forecast period. The growing market for metals such as gold, copper, and phosphate is expected to contribute to the product demand over the coming years.
Innovation in the industry is likely to increase yield and reduce the environmental hazards of mining operations. Furthermore, the deteriorating quality of mineral reserves is likely to result in the development of new and advanced mineral processing methods, which is expected to drive the demand for chemicals, such as flocculants, frothers, grinding aids and solvent extractants, over the coming years.
Raw materials such as uranium, sulfuric acid, lead, nitric acid, mercury and cyanide are used in the manufacturing of mining chemicals. China is a major exporter of mercury to sub-Saharan Africa, followed by Singapore, Switzerland, Turkey, India, Mexico, the UAE and Ukraine. In the African continent, Morocco is a major producer of Mercury.
However, due to the adverse effect of mercury on the environment and human health, mineral miners are moving themselves to support mercury-free gold extraction. Countries such as Burkina Faso and Kenya have participated to support mercury-free gold extraction programmes led by the United Nations.
The African market for mining chemicals is characterised by the presence of numerous manufacturing giants and local players who constantly focus on upgrading their overall business portfolio right from product development to marketing.