Chemical Dust Suppressants Market: Introduction
Transparency Market Research delivers key insights on the global chemical dust suppressants market. In terms of revenue, the global chemical dust suppressants market is estimated to expand at a CAGR of ~4% during the forecast period, owing to numerous factors regarding which TMR offers thorough insights and forecasts in its report on the global chemical dust suppressants market.
The global chemical dust suppressants market is broadly affected by several factors. Steady economic growth, rapid urbanization, and improvement in standard of living as well as implementation of favorable governmental policies for exploration activities of non-fuel minerals are key factors that are estimated to propel the global chemical dust suppressants market during the forecast period.
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Chemical Dust Suppressants Market: Dynamics
Investments in the mining industry have been increasing due to a surge in the demand for mineral and metals such as iron ore, aluminum, steel, copper, coal, and gold. According to the World Steel Association, the global consumption of steel is expected to reach 1,874.0 MT in 2021, an increase of 5.8 % over 2020 and 1,924.6 MT in 2022. Rise in investments in residential and non-residential construction sectors, rapid industrialization, and recovery in automobile sales are key factors propelling the demand for metals across different end-use industries. The mining industry is highly critical in terms of dust emissions. Dust at mining sites can be dangerous and cause serious health issues to employees working in the area as well as residents of surrounding areas. Chemical dust suppressants are extensively employed in the mining industry in both surface and underground mining operations. The products that are used for dust suppression differ depending according various site characters and soil composition and humidity.
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Chemical Dust Suppressants Market: Prominent Regions
North America is a key region of the global chemical dust suppressants market. The U.S. held a notable share of the chemical dust suppressants market in North America in 2019. The expansion of the market in the country can be ascribed to an increase in need to control dust emissions on unpaved roads. Unpaved or gravel roads constitute about 33.1% of the complete road network in the U.S. A significant portion of these unpaved roads serve as a connection between rural farming communities and urban areas; rest of them facilitate pathways to forests, mining fields, and timber hauls. On unpaved roads, fugitive dust emanates from the mechanical interaction between moving vehicles and crushed aggregates. According to the National Transportation Statistics (NTS) report, approximately 18.5 million short tons of particulate matter PM10 and 5.34 million short tons of PM2.5 particulates (size lower than 2.5 micro meter) are entrained into the air annually. About 35% of these particulate materials come from unpaved roads.
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Europe is the third-largest producer of poultry meat in the world. Members of AVEC (Association of Poultry Processors and Poultry Trade in the EU countries) account for more than 90% of production of poultry meat across 16 member countries. Annual sales of poultry meat in Europe are worth more than EUR 32 Bn. The rise in the demand for poultry meat is anticipated to create lucrative opportunities for the chemical dust suppressants market, as poultry houses often contain high concentrations of airborne dust. The prolonged exposure to high levels of dust can cause health issues for human workers and birds that live in these facilities 24 hours a day.
Coal is a major energy source of electricity generation across Asia Pacific. According to Enerdata, the consumption of electricity in Asia Pacific increased from 8,616 TWh in 2014 to 10,716 TWh in 2019. For power plants handling millions of tons of coal a year, minimizing coal dust is a high priority, as it can cause a risk of coal dust explosions. A wide range of techniques is used to manage, control, and prevent coal dust in and around coal-fired power plants. Thus, the ongoing installation of coal-based power plants is anticipated to create lucrative opportunities for the chemical dust suppressants market.
Chemical Dust Suppressants Market: Key Players
Key players operating in the global chemical dust suppressants market are BASF SE, Quaker Houghton, HollyFrontier Corporation, Benetech Inc., Alumichem A/S, Cypher Environmental, FUCHS, Hexion, Dow, Camfil, Tecpro, Ecolab, Cargill, Incorporated, Crown Products & Services, Syntron Industries Private Limited, Mideco Pty Ltd, Huntsman International LLC., Arclin, Inc., CHRYSO GROUP, DUST-A-SIDE HINCOL LIMITED, Solenis, Wet Earth, ACURO ORGANICS LIMITED, The ACT Group, Archer Daniels Midland Company, Borregaard, GelTech Solutions, Global Road Technology International Holdings (HK) Limited, RST, SAMI Bitumen Technologies, LignoStar, Instral BV, AGATA, SUEZ, Chemtex Speciality Limited, Dust Solutions, Inc., FIRECHEM, GENERAL ELECTRIC, Donaldson Company, Inc., I-CAT, ADW, CHEMIKA, Rare Track Speciality Product Llp, Celanese Corporation, and Accéntuate Ltd.
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