PUBLISHER: The Business Research Company | PRODUCT CODE: 1928024
PUBLISHER: The Business Research Company | PRODUCT CODE: 1928024
Minerals are naturally occurring organic substances with distinct chemical compositions, crystal structures, and physical properties such as tenacity, cleavage, fracture, specific gravity, lustre, color, and hardness, commonly found in the Earth's crust. They are extensively utilized across diverse sectors such as residential and commercial heating, electricity generation, transportation fuel, and plastics production.
The primary mineral types encompass cement and concrete products, glass and related items, non-metallic mineral products, clay products and refractories, as well as lime and gypsum products. Cement and concrete products are integral in constructing buildings and have various applications in chemical manufacturing, metallurgy, electrical infrastructure, electronics, glass production, vehicles, and other industries. These minerals serve as fundamental components in construction, manufacturing processes, and various end-user applications.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs on imported minerals and mineral-based products have impacted the market by increasing production costs and affecting supply chains. Cement, concrete, and specialty glass segments are most affected, particularly in north america, europe, and asia-pacific regions. However, tariffs have also encouraged domestic sourcing, local manufacturing, and investment in advanced mineral processing technologies to enhance competitiveness.
The mineral market research report is one of a series of new reports from The Business Research Company that provides mineral market statistics, including mineral industry global market size, regional shares, competitors with a mineral market share, detailed mineral market segments, market trends and opportunities, and any further data you may need to thrive in the mineral industry. This mineral 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 mineral market size has grown steadily in recent years. It will grow from $1037.46 billion in 2025 to $1076.08 billion in 2026 at a compound annual growth rate (CAGR) of 3.7%. The growth in the historic period can be attributed to growth in construction activities, increasing demand from cement and concrete products, expansion of glass and ceramic industries, adoption of traditional mineral processing methods, rising use of minerals in manufacturing applications.
The mineral market size is expected to see steady growth in the next few years. It will grow to $1286.95 billion in 2030 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to increasing demand for sustainable and eco-friendly minerals, growth in advanced mineral-based building materials, expansion of mineral applications in electronics and energy sectors, rising adoption of digital and automated mineral processing, growth in infrastructure and smart city projects. Major trends in the forecast period include rising demand for construction minerals, increasing use of minerals in glass and ceramics manufacturing, growth in non-metallic mineral applications for industrial processes, expansion of lime and gypsum products in infrastructure development, adoption of advanced mineral processing technologies.
Cost-effective, high-performance alternatives and the expansion of applications for advanced ceramics are expected to drive market growth in the future. Advanced ceramics are seen as superior options compared to metals, plastics, and glass due to their enhanced performance capabilities. They are characterized by high chemical purity and meticulous processing. These materials are utilized in various applications, including thermal barrier coatings in engine hot parts, ceramic composites, thermal protection systems, engine components, as well as sensors and antennas. For example, the United States Advanced Ceramics Association, a US-based organization representing advanced ceramic producers, highlights that advanced ceramics play a vital role in several sectors, including aerospace, defense, power generation, and industrial processing, significantly impacting the economy and environment. They improve the thermal, wear, and corrosion resistance of traditional ceramics by enhancing their toughness. Therefore, the cost-effective superior alternatives and increasing applications of advanced ceramics are likely to propel market growth in the future.
The mineral market is anticipated to witness growth driven by the increasing adoption of electric vehicles (EVs). Electric vehicles, powered by electricity stored in rechargeable batteries, predominantly use lithium-ion batteries, requiring significant amounts of minerals such as lithium, cobalt, and nickel. Lithium, a crucial component of cathodes in these batteries, is central to the electric vehicle industry. In the first quarter of 2023, over 2.3 million electric cars were sold, marking a 25% increase from the same period in 2022. The International Energy Agency (IEA) predicts 14 million EV sales by the end of 2023, reflecting a 35% year-on-year increase. The growth in EV production and sales is a key driver for the mineral market.
Key companies in the mineral market are concentrating on utilizing price assessments and market analysis to stay informed about current market conditions and developments. For example, in May 2024, Benchmark Mineral Intelligence, a UK-based research and consulting firm, launched its Rare Earths Price Assessment. This initiative represents a significant advancement in enhancing market transparency and supporting improved decision-making in the rare earth sector. As demand continues to grow in line with the global energy transition, this initiative will be crucial for both producers and consumers as they navigate an increasingly complex landscape.
Major companies operating in the mineral market report are LafargeHolcim Ltd., HeidelbergCement AG, Anhui Conch Cement Company Limited, China National Building Material Group Co. Ltd., Compagnie de Saint-Gobain S.A., CRH plc, Cemex S.A.B. de C.V., Taiheiyo Cement Corporation, UltraTech Cement Limited, Buzzi Unicem S.p.A., Votorantim Cimentos S.A., Siam Cement Group, James Hardie Industries plc, Knauf Gips KG, USG Corporation, Owens Corning, Guardian Industries, Nippon Sheet Glass Co., Ltd., AGC Inc., Etex Group, Wienerberger AG, Imerys S.A., Vulcan Materials Company, Martin Marietta Materials, Inc.
Asia-Pacific was the largest region in the mineral market in 2025. Western Europe was the second-largest region in the mineral market. The regions covered in the mineral market are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the mineral market are China, India, Japan, Australia, Indonesia, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, Taiwan, New Zealand, UK, Germany, France, Italy, Spain, Austria, Belgium, Denmark, Finland, Ireland, Netherlands, Norway, Portugal, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa.
The mineral market consists of sales of metallic minerals and non-metallic minerals. 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.
Mineral Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses mineral 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 mineral ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The mineral 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, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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