South America Mining Chemicals Market 2027 - Trends, Opportunities & Forecast
The South America mining chemicals market was valued at USD 751.24 million in 2021 and is expected to register a CAGR of 5.60% during the forecast period, owing to rapidly increasing investment in the untapped mineral reserves in the region. All the chemicals used to maximize the recovery of valuable minerals from the mineral mines are known as mining chemicals, which are a type of specialty chemicals used in mining operations. These chemicals are of various types depending upon the function they are used to carry out. Rise in new mining projects in the region driving market growth The mining sector has become one of the most invested sectors in the South American region. The mining projects in the region have helped the market to witness enormous growth by funding present as well as new mining projects. Due to industrialization and infrastructure development, significant growth is detected. Moreover, governments have shown quite an interest in the...