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Global Mining Market 2023 Production Analysis, Competitor Assessment, Industry Insights And Forecast To 2032 | Major Players Are BHP Group, Vale S.A., Rio Tinto, Glencore International, Anglo American plc
Mining Market
The Business Research Company's Template Global Market Report 2023 identifies Government policies to support the mining industry as the major driver for the Mining Market's growth in the forecast period. Governments are providing subsidies and encouraging foreign direct investments (FDI) in the mining industry. The amount of government support includes the support through governments' public finance institutions such as bilateral development banks and export credit agencies investing in mining projects, fiscal support through budget allocations and tax exemptions, and investments through majority state-owned mining and utility companies.
The global mining market size grew from $2022.6 billion in 2022 to $2145.15 billion in 2023 at a compound annual growth rate (CAGR) of 6.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The mining market is expected to grow to $2775.5 billion in 2027 at a CAGR of 6.7%.
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Major competitors in the mining market are BHP Group, Vale S.A., Rio Tinto, Glencore International, Anglo American plc, China Shenhua Energy Company Limited, China Coal Energy Company Limited, The Metallurgical Corp of China, Coal India Ltd and Corporacion Nacional del Cobre de Chile.
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https://www.thebusinessresearchcompany.com/report/mining-global-market-report
The Mining Market is segmented -
By Type: Mining Support Activities, General Minerals, Stones, Copper, Nickel, Lead, And Zinc, Metal Ore, Coal, Lignite, And Anthracite
By Process: Underground Mining, Surface Mining
By Service Provider: Independent Contractors, Companies
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Mining Market.
The Business Research Company's "Global Mining Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Mining Market Include:
1. Executive Summary
2. Report Structure
3. Mining Market Characteristics
4. Mining Market Product Analysis
5. Mining Market Supply Chain
……
21. Mining Market Competitive Landscape
22. Key Mergers And Acquisitions In The Mining Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer
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