Dewatering Aids for Mining Market Trends

• Increasing Number of Mines – According to statistics, in 2020, there were approximately 12,500 active mines in the United States, valued at over ~55 billion USD. An increasing number of mines are expected to eventually result in increased and sustainable production of minerals and metals in the industry, thereby increasing the waste/sludge ratio and to treat these sludges in an efficient manner, dewatering aids play an important role.  Hence, increasing number of mines globally, is anticipated to drive the growth of the market in the coming years.
• Growth of Chemical Industry – According to statistics, in 2019, the Indian chemical industry was valued at around USD 175 billion, which is projected to grow to ~USD 300 billion by the end of 2025.
• Increased Research & Development Expenditure – As per data by World Bank, global research and development expenditure in proportion with gross domestic product (GDP) was around 2.63% in 2020, up from 2.2% in 2018.
• Rising Government Support and Initiatives – According to the data, in 2022-25, the Indian government plans to monetize assets in the mining industry worth around USD 3.5 billion.
• Rising Investment in Mining Sector – According to the data, in 2021, around USD 70 billion was invested in the mining industry by top leading companies globally, up from 55 billion in 2019.

Challenges

• High Cost of Raw Materials
• Lack of Universal Instructions Pertaining to Application of Dewatering Aids
• Availability of Substitutes