Explosives and drilling applications in mining processes account for the maximum consumption of mining chemicals. Hence, it is the largest segment contributing to the growth of the global mining chemicals market due to increase in deep surface mining activities.
LONDON: The procurement research report on the mining chemicals market is a crucial part of SpendEdge’s chemicals category portfolio and offers an all-inclusive analysis of the key factors influencing the procurement decisions, supply market, pricing models, and procurement best practices. Furthermore, it also offers an in-depth analysis of the supply chain management, key market developments, and demand-supply shifts to help sourcing and procurement experts make smart procurement decisions.
Discovery of large shale gas reserves has led to increase in the use of mining chemicals, as they are used as additives during the exploration of shale gas to enhance the exploration process, which is leading to the growth of the global mining chemicals industry.
“Purchasing managers need to select suppliers that have dedicated labs for testing samples of chemicals before dispatching,” says Anil Seth, a chemicals industry procurement research specialist at SpendEdge. “Purchasing managers must also ensure that the testing lab facilities are in close proximity to their mining locations to have visibility on the tests before they are dispatched,” added Anil.
The logistics costs of mining chemicals include transportation and storage costs which are high, as utmost care is required during the transportation of these chemicals. As most suppliers transfer these costs to purchasing managers, it increases the procurement costs for the latter.
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