Mineral Market Opportunities, Size, Share, and Analysis 2024-2033

Overview and Scope

Mineral refers to an organic substance that is naturally occurring and has a specific chemical composition, crystal structure, and physical qualities with properties such as tenacity, cleavage, fracture, specific gravity, lustre, color, and hardness that are found in the Earth’s crust and widely used in various areas such as heating for homes and offices, electricity, transportation fuel, and the production of plastics.

Sizing and Forecast

The mineral market size has grown strongly in recent years. It will grow from $1021.75 billion in 2023 to $1083.89 billion in 2024 at a compound annual growth rate (CAGR) of 6.1%. The growth in the historic period can be attributed to growth in industrialization and infrastructure development, global economic conditions, environmental regulations, commodity prices, infrastructure projects.

The mineral market size is expected to see strong growth in the next few years. It will grow to $1335.25 billion in 2028 at a compound annual growth rate (CAGR) of 5.4%. The growth in the forecast period can be attributed to circular economy practices, supply chain resilience, evolving consumer preferences, geopolitical factors, infrastructure investment. Major trends in the forecast period include technological innovation in mineral processing, green technologies, technological advancements in mining, renewable energy technologies, strategic stockpiling.

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Segmentation & Regional Insights

The mineral market covered in this report is segmented –

1) By Type: Cement and Concrete Products, Glass and Glass Products, Other Non-Metallic Mineral Products, Clay Products and Refractories, Lime and Gypsum Products
2) By Application: Chemicals Manufacturing, Metallurgy, Electrical Grid Infrastructure, Electronics, Glass Products, Vehicles, Other Applications
3) By End User: Construction, Manufacturing, Other End Users

Subsegments Covered: Cement, Ready-Mix Concrete, Concrete Pipe, Brick, and Block, Other Concrete Products, Flat Glass, Container Glass, Glassware and Other Glass Products Pottery, Ceramics, and Plumbing Fixtures, Clay Building Material and Refractories, Lime Products, Gypsum Products

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

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Major Driver Impacting Market Growth

Advanced ceramics are cost-effective and are considered to be better alternatives to metals, plastics and glass because of their ability to offer better performance. Advanced Ceramics are identified by their high chemical purity and careful processing. It is used as thermal barrier coating in the hot part of engines, ceramic composite, thermal protection systems, engine components and even in sensors and antennas. For instance, advanced ceramics reached$10.41 Billion in 2021, at a compound annual growth rate of 6.5%, thus indicating an increase in the usage of advanced ceramics. GE Aviation’s $4.3 billion five-year investments, in US operations, were used for producing a new generation of jet engines, aircraft systems and engine components advanced ceramics.

Key Industry Players

Major companies operating in the mineral market report are Glencore plc, Jiangxi Copper Company Limited, BHP Billiton Limited, China National Building Material Group Co. Ltd., Compagnie de Saint-Gobain S.A., Rio Tinto Group, Vale S.A., Nutrien Ltd., Anglo American plc, LafargeHolcim Ltd., Freeport-McMoRan Inc., HeidelbergCement AG, Anhui Conch Cement Company Limited, Teck Resources Limited, Newmont Corporation, Barrick Gold Corporation, Southern Copper Corporation, Sibanye-Stillwater Limited, First Quantum Minerals Ltd., Agnico Eagle Mines Limited, Gold Fields Limited, Kinross Gold Corporation, Lundin Mining Corporation, Yamana Gold Inc., Turquoise Hill Resources Ltd., Hudbay Minerals Inc., Pan American Silver Corp., Wheaton Precious Metals Corp., Iamgold Corporation, Gujarat Mineral Development Corporation Limited, Alamos Gold Inc., Americas Gold and Silver Corporation, Eldorado Gold Corporation, Endeavour Silver Corp., Equinox Gold Corp., Fortuna Silver Mines Inc., Great Panther Mining Limited, MAG Silver Corp., McEwen Mining Inc., OceanaGold Corporation, Osisko Gold Royalties Ltd., Sierra Metals Inc., SilverCrest Metals Inc., SSR Mining Inc., Torex Gold Resources Inc.

The mineral market report table of contents includes:

1. Executive Summary
2. Mineral Market Characteristics
3. Mineral Product/Service Analysis -Product/Service Examples
4. Mineral Market Trends And Strategies
5. Mineral Market – Macro Economic Scenario
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68. Global Mineral Market Competitive Benchmarking
69. Global Mineral Market Competitive Dashboard
70. Key Mergers And Acquisitions In The Mineral Market
71. Mineral Market Future Outlook and Potential Analysis
72. Appendix

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