LONDON, Jan. 14, 2016 /PRNewswire/ -- Analysis of the Australian Mining Chemicals Market : Lowered Mineral Prices Drive Mining Companies to Improve Efficiency
The research service provides an analysis of the Australian mining chemicals market. It offers an overview of the Australian mining industry that includes expenditure trends for the mining sector and the production forecast for a variety of minerals and metals. Product segments such as explosives, water treatment chemicals, dust control chemicals, flotation chemicals, and extraction chemicals have also been discussed in detail. Revenue forecasts have been provided both for the total market and individual segments. The market shares of key participants and the major competitive factors have been discussed for each segment. The study covers the period from 2012 to 2021, with 2014 as the base year.
The Australian mining sector has experienced a shift in focus from undertaking new investments to improving efficiency. This has contributed to the growth of the mining chemicals market. This market is expected to expand at a compound annual growth rate (CAGR) of % between 2014 and 2021.
The mining chemicals covered in this research service are explosives, water treatment chemicals, dust control chemicals, flotation chemicals, and extraction chemicals. Among these, the explosives and dust control chemicals segments are expected to exhibit stronger growth with CAGRs of % and % respectively from 2014 to 2021 compared to the other product categories.
Being an emerging segment, dust control chemicals has the highest number of new entrants among all the segments.
There is intense competition in the mining chemicals market, with proven efficiency, long-term customer relationship, and geographical proximity to customers being the top competitor factors.
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