PUBLISHER: Grand View Research | PRODUCT CODE: 1842176
PUBLISHER: Grand View Research | PRODUCT CODE: 1842176
The Middle East mining chemicals market size was estimated at USD 399.7 million in 2024 and is projected to reach USD 687.3 million by 2033, growing at a CAGR of 6.1% from 2025 to 2033. This growth is attributed to a growing demand for minerals in various end user industries such as electronics, medical equipment, paints & coatings, and others.
Saudi Arabia's industrial transformation initiatives, robust regulatory reforms, and major investments are redefining the mining sector as a pillar of economic diversification under Vision 2030.
In March 2020, a World Bank article projected that the production of minerals such as graphite, cobalt, and lithium would increase by 500% by 2050, fueled by the rising demand for clean energy technologies. Thus, increasing demand for minerals boosts the demand for mining chemicals. In addition, the Public Investment Fund (PIF) has allocated over USD 182 million for exploration incentives and granted 33 new mining licenses in 2024, supporting long-term resilience and technology adoption in the industry. These developments ensure that mining chemicals are used extensively for mineral processing, explosives, water treatment, and environmental management, and remain in high demand.
Middle East Mining Chemicals Market Report Segmentation
This report forecasts revenue growth at the regional and country levels and analyzes the latest industry trends in each sub-segment from 2018 to 2033. For this study, Grand View Research has segmented the Middle East mining chemicals market report based on ore, application, and country: