PUBLISHER: MarketLine | PRODUCT CODE: 1419316
PUBLISHER: MarketLine | PRODUCT CODE: 1419316
Global Metals & Mining industry profile provides top-line qualitative and quantitative summary information including: industry size (value and volume , and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the industry .
The metals & mining market includes aluminum, steel, iron ore, coal, base metals, and precious metals. Market volume includes production volume and market value is calculated by multiplying market volume with production price.
The aluminum segment includes the production of primary aluminum. Recycled aluminum is not included in our scope.
The steel segment includes the production of crude steel.
The iron ore segment consists of the production of iron ore coming from mines that can be sold directly in the market.
The coal segment includes primary coal production including anthracite, bituminous, and lignite.
The base metals segment consists of lead, zinc, copper, nickel, and tin.
The precious metals segment includes gold, silver, platinum, and palladium.
All market data and forecasts are represented in nominal terms (i.e., without adjustment for inflation) and all currency conversions used in the creation of this report have been calculated using constant 2022 annual average exchange rates.
The global metals & mining industry had total revenues of $4,767.1 billion in 2022, representing a compound annual growth rate (CAGR) of 15.7% between 2017 and 2022.
production volume increased with a CAGR of 2.1% between 2017 and 2022, reaching a total of 12,527,431.3 thousand tonnes in 2022.
Asia-Pacific captured the largest share of the global metals and mining market, accounting for a share of 76.1% in 2022. Increasing construction and infrastructural activities are boosting the growth of the metals and mining market.