Mining dust suppressants have attracted a broad market scope over the years due to the increasing need to mitigate dust emissions in different applications of the mining industry. These applications include drill and blast operations, haul roads, low-volume roads, stockpiles, underground mining entrance yards, conveyor belts, transfer points, and transportation. The market growth in developed and developing economies is appealing. However, developing economies have become more lucrative due to the increasing awareness among the miners, regulatory authorities, and communities within the vicinity of mining operations. This rising market wave has challenged Global Road Technology (GRT) to implement speedy but effective actions to tap potential markets globally. Therefore, this research outlines extensive data and recommendations that make GRT an industry source for the expansion of this market and its affiliated trends.
The Dust Suppression Market
The global scope of the dust suppression market has grown over the years; an extensive expansion is expected in the future. The expected market growth for dust suppression systems is 3.98% between 2022 and 2027, amounting to approximately USD 2.69 billion (“The Express Wire,” 2022). However, the growth rate for 2022 alone is forecasted to be 3.32% (“The Express Wire,” 2022). The overall dust suppression market in the mining sector is extensive and will likely increase in the future.
Several factors fuel the growth of the mining dust suppressants market worldwide. One primary reason is the rapid growth of mining activities that generate airborne, mobile plant, and fixed plant dust, especially in developing economies (“The Express Wire,” 2022). Revenue growth in Africa is promising; governmental and multinational organizations are rapidly exploring the rich mineral sources (“Persistence Market Research.,” n.d.). The sharp rise in the production of metallurgical and thermal coal, rare earth elements, lithium, iron ore, and copper will also expand the market for dust suppressants (“Persistence Market Research.,” n.d.). The rapidly growing mining industry in African countries appeals to the dust suppressants markets due to the forecasted increase in dust emissions and the need for control.
Developed economies form the largest share of the global dust suppressants market. The U.S. has the highest demand for dust suppressants (“Fact Market Research,” 2021). Robust regions in the Asian Pacific, such as China, SEAN, India, Australia, and New Zealand, have the highest growth rate (“Persistence Market Research.,” n.d.). China forms the most lucrative market for large-scale mining dust suppressant producers. It accounts for over 60% of East Asia’s dust suppressants market and is the largest mining output contributor worldwide, with a production capacity of over 4,186.1 million tons annually (“Fact Market Research,” 2021). India has invested $1.4 trillion in this sector to speed up the expansion of mining activities (“Report Ocean,” 2022). Its rapidly increasing drilling and untapped exploration activities form a broader source for the market (“Persistence Market Research,” n.d.). According to research, East and South West Asia will hold more than 33.33% of the global dust suppressants market share by 2031 (“Fact Market Research,” 2021). Blooming markets such as Chile, Canada, Mexico, Brazil, Germany, Spain, Italy, France, the U.K, Poland, Russia, Japan, and Peru form sites for market investment (“Persistence Market Research.,” n.d.). The market for mining dust suppressants in developed economies is extensive; its growth rate is appealing.
The increasing demand for quality safety standards in the mining sector also justifies the expanding growth of the dust suppressants market. Most governments have established regulations to support clean energy demand and mitigate dust pollution in the mining industries (“Transparency Market Research,” n.d). They highly recommend the usage of dust suppressants to suppress dust from the mining environment, and companies are compelled to adhere to such requirements to avoid fines and damages (“Transparency Market Research,” n.d). The Swedish Environmental Protection Agency permits less than 0.5kg/t of dust emissions during mining processes (Söderholm et al., 2014). Russia’s Environmental Protection Act requires any mining company to undergo complete licensing and ensure its operations are within the stipulated dust emissions (Söderholm et al., 2014). The Canadian Environmental Assessment Act (CEEA) has also set stricter standards to limit dust emissions in the mining industry (Söderholm et al., 2014). These legal restrictions have propelled the affiliated mining companies to seek proper dust suppression mechanisms. Such organizations form viable markets for mining dust suppression producers. Additionally, the need for comprehensive grade control, recovery of mined products, and flexible approaches that promote human health and safety has also stimulated the demand for dust suppressants worldwide (“Transparency Market Research,” n.d). The market for mining dust suppressants will continually increase in the future due to the growing air pollution regulations.
Key Market Trends
The demand for wet suppressants is gradually suppressing dry suppressants in different countries. Products with leading demand include hygroscopic suppressants, electro-chemicals, adhesives, petroleum emulsions, and polymer emulsions (“Fact Market Research,” 2021). Adhesives are the most prominent; their popularity will likely increase by over 6% in the next eight years (“Fact Market Research,” 2021). These chemicals have the highest dust-binding capability. Hygroscopic suppressants, petroleum emulsions, and electro-chemicals take the second, third, and fourth positions; their slots are likely to maintain in the future (“Fact Market Research,” 2021). Most governments and regulatory institutions recommend wet suppressants since they can be applied to dust-prone surfaces, bind dust to such surfaces, and reduce dust emission (“Transparency Market Research,” n.d). Additionally, wet suppressants are undergoing rapid chemical innovation to improve the quality of their composition; competitors strive to outsmart each other by providing products that are cheaper and more environmentally friendly (“Fact Market Research,” 2021). Nevertheless, dry suppressants are also preferred in specific applications. There is also an increasing need for dust suppressants integrated with surfactants since such products bind airborne coal dust more effectively and do not affect the calorific value of coal. Generally, dust suppressant market trends are undergoing dynamic changes and rapid evolution to solve dust challenges faced in the mining industry.
The bar chart below represents the approximated statistical growth of the wet and dry dust suppressants markets since 2019 and the projected development for the next three years – extracted from the Global Dust Control Systems Market Report. Wet dust suppressants have dominated the market sector; their forecasted growth over the next three years is appealing (“KBV Research,” 2022). Nevertheless, dry suppressants occupy a smaller market portion, and their forecasted growth is minimal (“KBV Research,” 2022). GRT heavily invests in wet dust suppressants and maintains its coverage of dry suppressants.
Figure 1: Bar chart showing market portions for wet and dry dust suppressants and their affiliated growth.
Challenges that Widens the Market Scope
One major challenge that poses an extensive gap for GRT to dominate is the insufficient awareness of the chemistry, use, and significance of chemical-based wet dust suppressants (“Report Ocean,” 2022). Unsustainable water practices, and recurring cases of dust diseases, have opened a window of opportunity for GRT to focus on mitigating health and safety risks in the mining industry. Another obstacle is the high maintenance and purchase costs for dust suppression equipment; many companies suffer insufficient funding from governments and investors (“Report Ocean,” 2022). Many mining industries, especially in developing countries, use water to suppress dust in the manufacturing and processing sites (“Cypher Environmental,” 2021). Most mines spent millions of dollars to purchase and use water. Water applications are also tedious since large volumes are needed to make considerable impacts (“Cypher Environmental,” 2021). Water alone is not as effective as GRT’s dust suppressants. The company will capitalize on popularizing its brand image in developing economies where the awareness of chemical-based suppressants is slowly increasing. Lowering the prices of its mining dust suppressants by reducing production costs and providing a dust suppression system of product and SMART dosing units will also help in reaching out to domestic countries in less developed economies.
The Dust Suppression Industry
The dust suppression industry in the mining sector has grown over the years and has a higher probability of expanding in the future. Competition in the dust suppression industry has significantly increased over the years. Most emerging industries rapidly grow due to technological advancements (“Report Ocean,” 2022). GRT strives to maintain its edge in this increasingly competitive industry whilst cementing its position as a global leader in dust suppression products.
Technological developments have continually affected the production trends in the mining dust suppression industrial trends. Most multinational companies are likely to employ and increase the usage of the Internet of Things in dust suppressant systems to meet the growing demand for remote-controlled operations and more refined control processes (“Fact Market Research,” 2021). Other technologies, such as artificial intelligence, are essential perspectives to consider (“Fact Market Research,” 2021). There has been a sharp increase in technology adoption with applications of remote-controlled sensors and autonomous dust suppression units. However, these products work best when dust suppressants are mixed with water to improve the properties of water and make it work for effective dust suppression. Technical innovations are the major factors dictating developments in the mining dust suppression industries. Therefore, GRT is at the forefront of innovating and reinforcing its products with technologies that are more convenient for different mining applications.
Most dust suppressant producers focus on product launches to release new and unique products into the market that may have minimal competition (“Fact Market Research,” 2021). They also aim to expand their manufacturing and marketing units into developing regions. Generally, key producers embrace innovation, collaborate with leading players, and form partnerships and strategic alliances (“Fact Market Research,” 2021). They are also strengthening their regional and global distribution networks to expand and increase convenience in their supply chains (“Fact Market Research,” 2021). These approaches are likely to increase in the future.
The global dust suppression market in the mining sector has grown over the years and continues to increase. GRT is increasing investments in leading markets such as the Middle East, South East Asia, China and the United States, and others. The market in developing economies is also rapidly evolving due to increased brand awareness. Therefore, the company is investing in less developed countries to capitalize on the widening market scope. This approach involves compressive brand awareness and marketing campaigns to enlighten consumers more on the quality of our products. Making alliances with companies, especially in developing countries, can also help cope with foreign legal barriers. Notably, the increasing dust emission restrictions across different countries and the challenges of implementing them support the expansion of the market. Since the market has significantly favoured wet dust suppressants, GRT has ramped up the manufacture of products in this group to satisfy affiliated markets. Nevertheless, the manufacturing sector should maintain the production of dry dust suppressants to cope with market diversity. These productions should match the rapidly developing technologies to maintain our competitive edge in the global industry and market. Considering these perspectives GRT is a source of dust suppression market growth and a major player at the forefront of innovation and development trends in the future.
Dust Control Systems Market Size to Reach USD 20.5 Bn by 2025. KBV Research. (2022). Retrieved 6 July 2022, from https://www.kbvresearch.com/dust-control-systems-market/.
Dust Suppressants Market. Fact Market Research. (2021). Retrieved 6 July 2022, from https://www.factmr.com/report/dust-suppressants-market.
Dust Suppressants Market. Transparency Market Research. Retrieved 6 July 2022, from https://www.transparencymarketresearch.com/dust-suppressants-market.html.
Dust Suppression Control Market 2022 Key Players Analysis, Technology Advancements, Industry Scope, and Forecast till 2030 – Taiwan News – (2022). Report Ocean Retrieved 6 July 2022, from https://www.taiwannews.com.tw/en/news/4565131.
Dust Suppression Systems Market Size 2022 Supply and Demand Status, Global Industry Trends, Share, Business Growth, Opportunity and Forecast 2027 – Digital Journal. (2022). The Express Wire. Retrieved 6 July 2022, from https://www.digitaljournal.com/pr/dust-suppression-systems-market-size-2022-supply-and-demand-status-global-industry-trends-share-business-growth-opportunity-and-forecast-2027.
Mining Dust Suppressants Market: Global Industry Trend Analysis 2012 to 2017 and Forecast 2017 – 2025. Persistence Market Research. Retrieved 6 July 2022, from https://www.persistencemarketresearch.com/market-research/mining-dust-suppressants-market.asp.
Söderholm, K., Söderholm, P., Pettersson, M., Svahn, N., Wiklund, R., & Helenius, H. (2014). Environmental regulation and mining sector competitiveness. Luleå tekniska universitet. Retrieved 6 July 2022, from http://www.diva-portal.org/smash/get/diva2:995343/FULLTEXT01.pdf
Your feedback is important to us. If you enjoyed reading this Global Road Technology industry update and found it informative, please let us know by leaving a REVIEW.