The chemicals and minerals industries are expected to witness high growth in the times to come. Mining companies are reviving studies that were previously due to recession. High demand from developing countries is further fueling the growth of mining and chemicals. The segment of explosives and drilling is the strongest as far as mining is concerned due to the impetus provided largely by the coal industry. Tighter regulations for environmental and safety concerns in the future are expected to promote investments in chemicals that are safer and more environment friendly than their present counterparts. The mining industry has already embraced technology and is beginning to use sensor drills for efficient recovery from low grade ores. The chemicals, minerals and materials industries is set to get tough in the future.
