PUBLISHER: The Business Research Company | PRODUCT CODE: 1387584
PUBLISHER: The Business Research Company | PRODUCT CODE: 1387584
“General Minerals Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on general minerals market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for general minerals? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The general minerals market global report ” from The Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.
General minerals are essential elements found both in the Earth and various food sources, playing a crucial role in maintaining our bodies' regular development and proper functionality.
The primary categories of general minerals encompass various mineral types, including but not limited to other general minerals, potash, salt, magnesite, sulfur, kaolin, asbestos, feldspar, boron, gypsum, talc, graphite, baryte, bentonite, diatomite, lithium, selenium, perlite, vermiculite, and arsenic. Vermiculite, for instance, is a naturally occurring mineral that presents itself in the form of lustrous flakes, with colors ranging from dark gray to sandy brown. These flakes consist of a hydrated magnesium iron aluminum silicate mineral and, when subjected to heat within a commercial furnace, expand and adopt a distinctive concertina shape. Entities participating in this sector vary, including both large enterprises and small and medium-sized businesses. Additionally, the services in this domain are provided by independent contractors and companies.
The general minerals market research report is one of a series of new reports from The Business Research Company that provides general minerals market statistics, including general minerals industry global market size, regional shares, competitors with a general minerals market share, detailed general minerals market segments, market trends and opportunities, and any further data you may need to thrive in the general minerals industry. This general minerals market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
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 experienced during the historical period can be attributed to global economic trends, infrastructure development, and industrial manufacturing activities.
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 anticipated growth in the forecast period can be attributed to factors such as urbanization, the global population's expansion, the increased adoption of electric vehicles, and the growing utilization of renewable energy sources. Notable trends in the forecast period encompass electrification and lightweighting, the integration of advanced materials, the adoption of additive manufacturing, digitalization and enhanced connectivity, as well as increased collaboration and partnerships.
The surging demand for minerals is poised to drive the growth of the general minerals market in the coming years. Minerals are naturally occurring substances distinguished by their distinctive chemical and physical properties, composition, and atomic structure. They serve as essential raw materials utilized in various industries, spanning construction, manufacturing, electronics, and energy. The growth of infrastructure development in both developing and developed nations plays a significant role in the heightened consumption of minerals. For instance, in May 2023, as reported by Natural Resource Canada, a Canadian official website, the value of Canadian mineral production in 2021 reached $55.5 billion, marking a 20% increase compared to the 2020 value of $46.4 billion. The value of metal production saw a 13% increase in 2020. This data underscores how the escalating demand for minerals is a key driver behind the expansion of the general minerals market.
Mining firms are increasingly implementing advanced geosynthetic clay liners (GCLs) to mitigate leakage and corrosion issues in their mining operations. Geosynthetic clay liners are composite materials consisting of geotextile and bentonite, primarily employed in environmental containment applications. These advanced GCLs offer superior attributes such as enhanced chemical compatibility, heightened slope stability, composite construction, greater swelling capacity, and reduced permeability when compared to traditional clay liners. Furthermore, GCLs offer advantages such as ease of installation, improved hydraulic performance, and resilience in various weather conditions. Leading companies in the provision of GCLs encompass CETCO, GSE, Elcoseal, Terrafix, and Tencate.
Leading companies operating in the general mineral market prioritize research and development endeavors, particularly in the realm of metal nanoparticles, to achieve prolonged profitability and sustainability. Metal nanoparticles are submicron-scale entities composed of pure metals or their alloys, distinguished by their unique physicochemical characteristics. These companies and research institutions are dedicated to advancing research efforts to harness the potential and utility of metal nanoparticles across various applications. For instance, in February 2022, the Korea Institute of Science and Technology (KIST) demonstrated significant advancements by creating metal nanoparticles with the potential to greatly enhance the performance of hydrogen fuel cell catalysts. This achievement was realized through the utilization of semiconductor manufacturing technology, employing sputtering technology as an innovative approach to overcome the limitations of conventional chemical synthesis methods. This highlights the industry's commitment to advancing and leveraging metal nanoparticles for various applications.
Companies engaged in the general mineral market are actively pursuing advancements in emerging technologies, notably in the domain of battery-related fabrication technology, to maintain their market presence. Battery-related fabrication technology encompasses the array of processes and techniques essential for the production of batteries, encompassing the manufacturing of battery cells, electrodes, and other vital components. For example, in March 2022, Switzerland-based battery technology firm Battrion AG, in collaboration with its partner Jagenberg Converting Solution GmbH, a Germany-based equipment and machinery manufacturer, introduced Battrion's Aligned Graphite Technology for lithium-ion batteries. Aligned Graphite Technology represents an innovative approach to the fabrication of lithium-ion batteries. It enhances the microstructure of negative electrodes, resulting in improved battery performance and accelerated charging capabilities. This technology reduces cell resistance, leading to more efficient charge and discharge processes. Moreover, it offers cost savings in battery production and is compatible with standard graphite materials, requiring no alterations to existing manufacturing procedures. The performance enhancements have garnered validation from prominent automotive OEMs and cell manufacturers. Aligned Graphite Technology has the potential to revolutionize the electric vehicle (EV) and high-power battery sector by optimizing energy storage and refining battery manufacturing processes.
Major companies operating in the general minerals market include 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 Mexico, 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.
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.
The countries covered in the general minerals market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa
The general minerals market consists of sales of mine construction sand and gravel, industrial sand, kaolin and ball clay, clay and ceramic and refractory minerals, potash, soda and borate mineral, phosphate rock, or other chemical and fertilizer minerals mining. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.