The global dust suppressants market registered positive growth in 202, reaching valuation of US$7.3 billion. A new forecast by Fact.MR estimates that dust suppressants market revenues will grow steadily at compound annual growth rate (CAGR) of 5.5% in forecast period 2021-2031.
Manufacturers are consistently improving suppressants compositions for a variety of applications in end-user industries such as mining, construction, food and beverages, oil and gas industry, thermal power, and others. Thus, increasing demand for dust control solutions in industries is driving dust suppressants market growth.
According to World Mining Data 2020, China holds high share in overall world mining output with capacity of 4186.1 million tons. Russia, China, Brazil, India, and the U.S. are among the key countries with highest mining output, accounting for more than 40% of total output. Surging mining output by different mining industries across the world is accelerating demand for dust suppressants.
“Key players in the dust suppressants market are focusing on increasing production capacity and expanding their presence across countries to gain competitive edge. Thanks to stringent government regulations pertaining to occupational health and safety standards for industries, market players have impressive opportunities for growth,” said a Fact MR analyst.
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Competitive Landscape
According to Fact MR, Quaker Chemical Corporation, DOW, Arclin Inc., Ecolab, SUEZ, and BASF, which together accounted for 55% share of global revenue in 2020.
Key players are focusing on strategies to increase market revenue.
More Valuable Insights on Dust Suppressants Market
Fact.MR, in its new report, offers an unbiased analysis of the global dust suppressants market, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on in dust suppressants market on the basis of technology (wet suppressants and dry suppressants), type (hygroscopic suppressants(calcium chloride, magnesium chloride, blend of calcium and magnesium chloride, and others)and adhesives (lignosulfonate and calcium lignosulfonate), petroleum emulsion, polymer emulsion, electro-chemicals, and others), and end-use industry (mining, construction, food & beverages, oil & gas industry, thermal power, and others) across six major regions of the world (North America, Latin America, Europe, East Asia, South, West Asia, and the Middle East and Africa).
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