Latin America Mining Chemicals Market Size & Outlook
Latin America mining chemicals market, 2018-2030 (US$M)
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Latin America mining chemicals market highlights
- An overview of the Latin America mining chemicals market trends heading towards 2030. The Latin America market generated a revenue of USD 2,032.9 million in 2021.
- The overall growth of the Latin America market from 2021 to 2030. The market is expected to grow at a CAGR of 6.3% from 2022 to 2030.
- A look at the Latin America market revenues per segment in 2021. In terms of segment, iron was the largest revenue generating ore type in 2021.
- The segment witnessing the fastest revenue growth within the market. Copper is the most lucrative ore type segment registering the fastest growth during the forecast period.
- An overview of Latin America market per country. Country-wise, Peru is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 2,032.9 million |
| Market revenue in 2030 | USD 3,516.6 million |
| Growth rate | 6.3% (CAGR from 2021 to 2030) |
| Largest segment | Iron |
| Fastest growing segment | Copper |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Powder Gold, Iron, Copper, Phosphate |
| Key market players worldwide | AECI Ltd, Basf SE, Ashland Inc, Dow Inc, Solvay SA, Arkema SA, Clariant AG, Kemira Oyj, Shell PLC, Quaker Houghton, Akzo Nobel NV, Solenis, Sasol Ltd |
Other key industry trends
- In terms of revenue, Latin America region accounted for 20.0% of the global mining chemicals market in 2021.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 6,972.0 million by 2030.
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Mining Chemicals Market Scope
Mining Chemicals Market Companies
| Name | Profile | # Employees | HQ | Website |
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Latin America mining chemicals market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to mining chemicals market will help companies and investors design strategic landscapes.
Iron was the largest segment with a revenue share of 18.92% in 2021. Horizon Databook has segmented the Latin America mining chemicals market based on powder gold, iron, copper, phosphate covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for mining chemicals in Central & South America is majorly driven by an increase in mining and mineral processing activities in countries such as Brazil, Colombia, Argentina, and Chile. The region majorly produces iron ore, copper, and ubiquitous gold.
Expanding mining industry can be attributed to the large-scale foreign investments by private companies for exploration activities across the region. As of 2020, Brazil and Argentina are among the top mineral-producing countries in the region.
In 2020, Argentina was the third-largest lithium producer in the world. Brazil is among the largest producer of manganese, iron ore, tin, and bauxite globally. Rising government initiatives to develop new opportunities in the emerging countries on account of increasing budgets for mining and exploration activities are expected to fuel the growth of the mining chemicals market in CSA.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America mining chemicals market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America mining chemicals market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America mining chemicals market size, by country, 2018-2030 (US$M)
Latin America Mining Chemicals Market Outlook Share, 2021 & 2030 (US$M)
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