General Minerals Global Market Size is Expected to Reach $315.52 Billion By 2028 at a compound annual growth rate (CAGR) of 8.5%. | Alcoa Corporation, Clariant AG, Rio Tinto Inc., ICL Group, Imerys SA

Overview and Scope
General minerals are elements found on the earth and in foods that our bodies require for normal development and function.

Sizing and Forecast
The general minerals market size has grown strongly in recent years. It will grow from $207.58 billion in 2023 to $227.59 billion in 2024 at a compound annual growth rate (CAGR) of 9.6%. The growth in the historic period can be attributed to global economic trends, infrastructure and construction, industrial manufacturing.

The general minerals market size is expected to see strong growth in the next few years. It will grow to $315.52 billion in 2028 at a compound annual growth rate (CAGR) of 8.5%. The growth in the forecast period can be attributed to urbanization, global population growth, electric vehicles and renewable energy. Major trends in the forecast period include electrification and light weighting, advanced materials, additive manufacturing, digitalization and connectivity, collaboration and partnerships, .

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Segmentation & Regional Insights
The general minerals market covered in this report is segmented –
1) By Type: Potash, Salt, Magnesite, Sulfur, Kaolin, Asbestos, Feldspar, Boron, Gypsum, Talc, Graphite, Baryte, Bentonite, Diatomite, Lithium, Selenium, Perlite, Vermiculite, Arsenic, Other General Minerals
2) By Organization Size: Large Enterprises, Small And Medium Enterprises
3) By Service Provider Type: Independent Contractors, Companies

Subsegments Covered: Flake Graphite, Non-Flake Graphite Large Grade Vermiculite, Fine And Finer Grade Vermiculite, Medium Grade Vermiculite,

Asia-Pacific was the largest region in the general minerals market in 2023. North America was the second largest region in the general minerals market. The regions covered in the general minerals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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Major Driver Impacting Market Growth
The growing demand for minerals is expected to propel the growth of the general minerals market going forward. A mineral is defined as a naturally occurring substance characterized by its unique chemical and physical properties, composition, and atomic structure. Minerals are fundamental raw materials used in various industries, including construction, manufacturing, electronics, and energy. This expansion of infrastructure in developing and developed nations contributes to increased mineral consumption. For instance, in May 2023, according to Natural Resource Canada, a Canada-based official website, the 2021 value of Canadian mineral production was $55.5 billion, 20% higher than the 2020 value of $46.4 billion. Metals’ value of production increased by 13% in 2020. Therefore, increasing demand for minerals is driving the growth of the general minerals market.

Key Industry Players
Major companies operating in the general minerals market include <b> Alcoa Corporation, Clariant AG, Compass Minerals International Inc., Iluka Resources Limited, Rio Tinto Inc., Sociedad Quimica y Minera de Chile S.A., Aluminum Corporation of China Limited, Anglo American plc, AngloGold Ashanti Limited, Barrick Gold Corporation, BHP Group, China Molybdenum Co. Ltd., Compass Menerals International Inc., Eti Maden, First Quantum Minerals Ltd., Freeport-McMoRan Inc., Glencore plc, Gold Fields Limited, Grupo México, S.A.B. de C.V., ICL Group, Imerys SA, Jiangxi Copper Company Limited, KORE Potash, Lundin Mining Corporation, Mosaic Company, Newcrest Mining Limited, Newmont Corporation, Norilsk Nickel, Polyus PJSC, Sirius Minerals plc, Southern Copper Corporation, SQM SA, Teck Resources Limited, The Mosaic Co, Vale SA, Vedanta Resources Limited, Votorantim SA, Zijin Mining Group Co. Ltd.

The general minerals market report table of contents includes:
1. Executive Summary