The Global Mining Market Report by The Business Research Company covers mining market drivers and restraints, mining market size, major players, and the impact of COVID-19 on the mining market.
The mining market consists of sales of minerals, metals and other valuable materials such as sand and gravel, coal and stone extracted from the earth crust by entities (organizations, sole traders and partnerships) that undertake the process of extraction. The mining market is segmented into mining services, general minerals, stones, copper, nickel, lead and zinc, metal ore and coal, lignite, and anthracite.
Government policies to support the mining industry is expected to drive the mining market. Governments are providing subsidies and encouraging foreign direct investments (FDI) in the mining industry.
The global mining market is expected to grow from $1641.67 billion in 2020 to $1845.55 billion in 2021 at a compound annual growth rate (CAGR) of 12.4%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2427.85 billion in 2025 at a CAGR of 7%.
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Some mining market trends include the use of renewable energy. This is helping mining companies reduce power costs and control emissions in the mines. As the solar or wind projects are built close to the mine sites, the cost of connecting to the power grid is also reduced. Site-appropriate renewable energy sources are reliable, consistent and also economical. BHP and RioTinto have started using renewable energy sources in their mines. According to a report published by EY, RioTinto aims to generate 10% of 20MW – 25MW power demand from renewable energy in one of their mines, and expects to reduce its diesel use by approximately 4 million liters, and its CO2 emissions by 12,000 tons. Also, in 2020, Rio Tinto approved the development of a large-scale solar photovoltaic and battery storage system for its western Australian Koodaideri mine.
Global mining market segments include:
1) By Type: Mining Support Activities, General Minerals, Stones, Copper, Nickel, Lead, Zinc, Metal Ore, Coal, Lignite, Anthracite.
2) By Distribution Channel: Supermarkets/Hypermarkets, Convenience Stores, E-Commerce, Others.
3) By Nature: Organic, Conventional.
Subsegments Covered: Coal Mining Support Activities, Metal Mining Support Activities, Non-metallic Minerals Mining Support Activities, Other General Minerals, Potash, Salt, Magnesite, Sulfur, Kaolin, Asbestos, Feldspar, Boron, Gypsum, Talc, Graphite, Baryte, Bentonite, Diatomite, Lithium, Selenium, Perlite, Vermiculite, Arsenic, Diamond, Dimension Stones, Crushed Stones, Copper, Zinc, Lead, Nickel, Gold Ore, Iron Ore, All Other Metal Ores, Silver Ore, Uranium Ore, Vanadium Ore, Coal, Lignite, Anthracite.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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The Mining Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides mining market overviews, analyzes and forecasts market size, share, mining market players, mining market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The mining market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Mining Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries.
Market Players Covered: BHP Billiton Ltd, Glencore Plc, Vale SA, Rio Tinto Group, CRH Plc.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The mining Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Mining Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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