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PUBLISHER: Polaris Market Research | PRODUCT CODE: 1297972
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1297972
Base Metal Mining Market Share, Size, Trends, Industry Analysis Report, By Product (Aluminum, Copper, Zinc, Lead, Nickel, Zinc, Tin, Tungsten); By End-Use; By Region; Segment Forecast, 2023 - 2032
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The global base metal mining market size is expected to reach USD 782.18 billion by 2032, according to a new study by Polaris Market Research. The report "Base Metal Mining Market Share, Size, Trends, Industry Analysis Report, By Product (Aluminum, Copper, Zinc, Lead, Nickel, Zinc, Tin, Tungsten); By End-Use; By Region; Segment Forecast, 2023 - 2032" gives a detailed insight into current market dynamics and provides analysis on future market growth.
Base metal consumption is expected to increase due to the electrical & electronics and automotive industries. Base metals are often used in the manufacturing of electrical and electronic components. For instance, copper has the finest electrical conductivity of all the metals, second only to silver. Copper is the perfect material for use in a range of electrical and electronic applications because of its resistance to corrosion and great thermal conductivity. Thus, it is projected that rising demand for electrical and electronic goods will boost product demand during the forecast period.
As a result of enhanced government efforts to revive the construction and infrastructure industry, it is predicted that consumer spending will increase during the projection year. For instance, in July 2022, the Chinese government announced that it will create a CNY 500 billion (US$ 74.69 billion) national infrastructure investment fund in order to increase infrastructure spending and so stimulate the economy.
China is a major producer and user of basic metals worldwide. The country is home to a variety of producers and end consumers, electronics production is on the rise, construction activity is escalating, and the use of electric vehicles (EVs) is spreading across the country. The market's growth is a result of these and other factors.
In March 2020, the coronavirus outbreak's impacts first started to show. Many standalone enterprises lost between 40 and 50 percent of their market value, while the mining and metals sector's average share price dropped by roughly 10%. From a low level in March 2020 to a high level in April 2020, COVID-19's impact grew quickly. The major companies in the sector, including BHP Billiton, Rio Tinto, and Anglo American, have all reportedly had partial shutdowns as a result. The sector has thus far almost experienced a production loss of more than 30%.
Base Metal Mining Market Report Highlights
- The copper segment had the biggest revenue share in 2022. According to the USGS, there are 880 million tons worth of copper deposits worldwide. In the following years, it is anticipated that demand from the infrastructure and automotive industries will increase copper use all over the world.
- Construction led the world market. Base metals are often used in applications connected to architecture, interior design, and building & construction. Base metal demand is expected to rise throughout the projected period as a result of increased investments in the creation of smart cities around the world.
- In terms of revenue, Asia Pacific dominates the market in 2022. The dominance is attributable to the area's expanding investments in a number of end-use industries, including electrical & electronics, automotive, and construction. For instance, in August 2022, the administration of the state of Bengal approved five new industrial parks and 18 units costing INR 60 million (about $0.75 million).
- Global market players include BHP, Freeport-McMoRan, Inc., Antofagasta Plc, Codelco, Zijin Mining Group Co., Ltd., Norilsk Nickel, Vale, Aurubis, Glencore, and Anglo American are a few of the prominent companies active in the international market.
Polaris Market Research has segmented the base metal mining market report based on product, end-use, and region:
Base Metal Mining, Product Outlook (Revenue - USD Billion, 2019 - 2032)
- Aluminum
- Copper
- Lead
- Nickel
- Zinc
- Tin
- Tungsten
Base Metal Mining, End Use (Revenue - USD Billion, 2019 - 2032)
- Construction
- Automotive
- Electrical & Electronics
- Consumer Goods
- Others
Base Metal Mining, Regional Outlook (Revenue - USD Billion, 2019 - 2032)
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Netherlands
- Asia Pacific
- China
- India
- Japan
- South Korea
- Indonesia
- Malaysia
- Latin America
- Argentina
- Brazil
- Mexico
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
Product Code: PM3221
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
- 2.1. Market Highlights
3. Research Methodology
- 3.1. Overview
- 3.1.1. Data Mining
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Base Metal Mining Market Insights
- 4.1. Base Metal Mining Market - Industry Snapshot
- 4.2. Base Metal Mining Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rise in number of industrial infrastructure projects in developing countries
- 4.2.1.2. Increase in residential construction activities globally
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Fluctuating prices of raw materials
- 4.2.1. Drivers and Opportunities
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTLE Analysis
- 4.5. Base Metal Mining Industry trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Base Metal Mining Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Base Metal Mining, by Product, 2019-2032 (USD Billion)
- 5.3. Aluminium
- 5.3.1. Global Base Metal Mining Market, by Aluminium, by Region, 2019-2032 (USD Billion)
- 5.4. Copper
- 5.4.1. Global Base Metal Mining Market, by Copper, by Region, 2019-2032 (USD Billion)
- 5.5. Lead
- 5.5.1. Global Base Metal Mining Market, by Lead, by Region, 2019-2032 (USD Billion)
- 5.6. Nickel
- 5.6.1. Global Base Metal Mining Market, by Nickel, by Region, 2019-2032 (USD Billion)
- 5.7. Zinc
- 5.7.1. Global Base Metal Mining Market, by Zinc, by Region, 2019-2032 (USD Billion)
- 5.8. Tin
- 5.8.1. Global Base Metal Mining Market, by Tin, by Region, 2019-2032 (USD Billion)
- 5.9. Tungsten
- 5.9.1. Global Base Metal Mining Market, by Tungsten, by Region, 2019-2032 (USD Billion)
6. Global Base Metal Mining Market, by End-Use
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- 6.3. Construction
- 6.3.1. Global Base Metal Mining Market, by Construction, by Region, 2019-2032 (USD Billion)
- 6.4. Automotive
- 6.4.1. Global Base Metal Mining Market, by Automotive, by Region, 2019-2032 (USD Billion)
- 6.5. Electrical & Electronics
- 6.5.1. Global Base Metal Mining Market, by Electrical & Electronics, by Region, 2019-2032 (USD Billion)
- 6.6. Consumer Goods
- 6.6.1. Global Base Metal Mining Market, by Consumer Goods, by Region, 2019-2032 (USD Billion)
- 6.7. Others
- 6.7.1. Global Base Metal Mining Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Base Metal Mining Market, by Geography
- 7.1. Key findings
- 7.2. Introduction
- 7.2.1. Base Metal Mining Market Assessment, By Geography, 2019-2032 (USD Billion)
- 7.3. Base Metal Mining Market - North America
- 7.3.1. North America: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- 7.3.2. North America: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- 7.3.3. Base Metal Mining Market - U.S.
- 7.3.3.1. U.S.: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- 7.3.3.2. U.S.: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- 7.3.4. Base Metal Mining Market - Canada
- 7.3.4.1. Canada: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- 7.3.4.2. Canada: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- 7.4. Base Metal Mining Market - Europe
- 7.4.1. Europe: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.2. Europe: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- 7.4.3. Base Metal Mining Market - UK
- 7.4.3.1. UK: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.3.2. UK: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- 7.4.4. Base Metal Mining Market - France
- 7.4.4.1. France: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.4.2. France: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- 7.4.5. Base Metal Mining Market - Germany
- 7.4.5.1. Germany: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.5.2. Germany: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- 7.4.6. Base Metal Mining Market - Italy
- 7.4.6.1. Italy: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.6.2. Italy: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- 7.4.7. Base Metal Mining Market - Spain
- 7.4.7.1. Spain: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.7.2. Spain: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- 7.4.8. Base Metal Mining Market - Netherlands
- 7.4.8.1. Netherlands: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.8.2. Netherlands: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- 7.4.9. Base Metal Mining Market - Russia
- 7.4.9.1. Russia: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- 7.4.9.2. Russia: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- 7.5. Base Metal Mining Market - Asia Pacific
- 7.5.1. Asia Pacific: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- 7.5.2. Asia Pacific: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- 7.5.3. Base Metal Mining Market - China
- 7.5.3.1. China: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- 7.5.3.2. China: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- 7.5.4. Base Metal Mining Market - India
- 7.5.4.1. India: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- 7.5.4.2. India: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- 7.5.5. Base Metal Mining Market - Malaysia
- 7.5.5.1. Malaysia: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- 7.5.5.2. Malaysia: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- 7.5.6. Base Metal Mining Market - Japan
- 7.5.6.1. Japan: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- 7.5.6.2. Japan: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- 7.5.7. Base Metal Mining Market - Indonesia
- 7.5.7.1. Indonesia: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- 7.5.7.2. Indonesia: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- 7.5.8. Base Metal Mining Market - South Korea
- 7.5.8.1. South Korea: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- 7.5.8.2. South Korea: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- 7.6. Base Metal Mining Market - Middle East & Africa
- 7.6.1. Middle East & Africa: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- 7.6.2. Middle East & Africa: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- 7.6.3. Base Metal Mining Market - Saudi Arabia
- 7.6.3.1. Saudi Arabia: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- 7.6.3.2. Saudi Arabia: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- 7.6.4. Base Metal Mining Market - UAE
- 7.6.4.1. UAE: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- 7.6.4.2. UAE: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- 7.6.5. Base Metal Mining Market - Israel
- 7.6.5.1. Israel: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- 7.6.5.2. Israel: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- 7.6.6. Base Metal Mining Market - South Africa
- 7.6.6.1. South Africa: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- 7.6.6.2. South Africa: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- 7.7. Base Metal Mining Market - Latin America
- 7.7.1. Latin America: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- 7.7.2. Latin America: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- 7.7.3. Base Metal Mining Market - Mexico
- 7.7.3.1. Mexico: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- 7.7.3.2. Mexico: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- 7.7.4. Base Metal Mining Market - Brazil
- 7.7.4.1. Brazil: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- 7.7.4.2. Brazil: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- 7.7.5. Base Metal Mining Market - Argentina
- 7.7.5.1. Argentina: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- 7.7.5.2. Argentina: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
8. Competitive Landscape
- 8.1. Expansion and Acquisition Analysis
- 8.1.1. Expansion
- 8.1.2. Acquisitions
- 8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
- 9.1. BHP
- 9.1.1. Company Overview
- 9.1.2. Financial Performance
- 9.1.3. Product Benchmarking
- 9.1.4. Recent Development
- 9.2. Freeport-McMoRan, Inc
- 9.2.1. Company Overview
- 9.2.2. Financial Performance
- 9.2.3. Product Benchmarking
- 9.2.4. Recent Development
- 9.3. Antofagasta Plc
- 9.3.1. Company Overview
- 9.3.2. Financial Performance
- 9.3.3. Product Benchmarking
- 9.3.4. Recent Development
- 9.4. Codelco
- 9.4.1. Company Overview
- 9.4.2. Financial Performance
- 9.4.3. Product Benchmarking
- 9.4.4. Recent Development
- 9.5. Zijin Mining Group Co., Ltd
- 9.5.1. Company Overview
- 9.5.2. Financial Performance
- 9.5.3. Product Benchmarking
- 9.5.4. Recent Development
- 9.6. Norilsk Nickel
- 9.6.1. Company Overview
- 9.6.2. Financial Performance
- 9.6.3. Product Benchmarking
- 9.6.4. Recent Development
- 9.7. Vale
- 9.7.1. Company Overview
- 9.7.2. Financial Performance
- 9.7.3. Product Benchmarking
- 9.7.4. Recent Development
- 9.8. Aurubis
- 9.8.1. Company Overview
- 9.8.2. Financial Performance
- 9.8.3. Product Benchmarking
- 9.8.4. Recent Development
- 9.9. Glencore
- 9.9.1. Company Overview
- 9.9.2. Financial Performance
- 9.9.3. Product Benchmarking
- 9.9.4. Recent Development
- 9.10. Anglo American
- 9.10.1. Company Overview
- 9.10.2. Financial Performance
- 9.10.3. Product Benchmarking
- 9.10.4. Recent Development
Product Code: PM3221
List of Tables
- Table 1 Global Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- Table 2 Global Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- Table 3 Base Metal Mining Market Assessment, By Geography, 2019-2032 (USD Billion)
- Table 4 North America: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- Table 5 North America: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- Table 6 U.S.: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- Table 7 U.S.: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- Table 8 Canada: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- Table 9 Canada: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- Table 10 Europe: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- Table 11 Europe: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- Table 12 UK: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- Table 13 UK: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- Table 14 France: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- Table 15 France: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- Table 16 Germany: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- Table 17 Germany: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- Table 18 Italy: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- Table 19 Italy: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- Table 20 Spain: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- Table 21 Spain: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- Table 22 Netherlands: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- Table 23 Netherlands: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- Table 24 Russia: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- Table 25 Russia: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- Table 26 Asia Pacific: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- Table 27 Asia Pacific: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- Table 28 China: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- Table 29 China: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- Table 30 India: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- Table 31 India: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- Table 32 Malaysia: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- Table 33 Malaysia: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- Table 34 Japan: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- Table 35 Japan: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- Table 36 Indonesia: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- Table 37 Indonesia: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- Table 38 South Korea: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- Table 39 South Korea: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- Table 40 Middle East & Africa: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- Table 41 Middle East & Africa: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- Table 42 Saudi Arabia: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- Table 43 Saudi Arabia: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- Table 44 UAE: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- Table 45 UAE: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- Table 46 Israel: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- Table 47 Israel: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- Table 48 South Africa: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- Table 49 South Africa: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- Table 50 Latin America: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- Table 51 Latin America: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- Table 52 Mexico: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- Table 53 Mexico: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- Table 54 Brazil: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- Table 55 Brazil: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
- Table 56 Argentina: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
- Table 57 Argentina: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
List of Figures
- Figure 1 Global Base Metal Mining Market, 2019-2032 (USD Billion)
- Figure 2 Integrated Ecosystem
- Figure 3 Research Methodology: Top-Down & Bottom-Up Approach
- Figure 4 Market by Geography
- Figure 5 Porter's Five Forces
- Figure 6 Market by End-Use
- Figure 7 Global Base Metal Mining Market, by End-Use, 2022 & 2032 (USD Billion)
- Figure 8 Market by Product
- Figure 9 Global Base Metal Mining Market, by Product, 2022 & 2032 (USD Billion)
- Figure 10 Base Metal Mining Market Assessment, By Geography, 2019-2032 (USD Billion)
- Figure 11 Strategic Analysis - Base Metal Mining Market
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