Press release
Exploring the Global Nonmetallic Minerals Mining Support Activities Market: A Comprehensive Overview
The nonmetallic minerals mining support activities market size is expected to see strong growth in the next few years. It will grow to $53.16 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to renewable energy and infrastructure projects, environmental sustainability and green practices, innovation in extraction and processing techniques, global construction and manufacturing trends, supply chain resilience and raw material sourcing.. Major trends in the forecast period include adoption of 3d printing in mining components, focus on worker safety and health, expansion of support services in rare earth elements mining, remote operation and monitoring centers, development of sustainable materials for mining infrastructure..
Market Overview -
Non-metallic minerals mining support activities refer to the extraction of non-metallic minerals from the earth for commercial and industrial purposes. This material does not contain any metal elements or compounds in their natural state. Non-metal minerals like nitrogen and phosphorus are used in fertilizers for better plant yields.
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Rising Demand For Construction Materials Fuels Growth In Non-Metallic Minerals Mining Support Activities Market
Increasing demand for construction materials is expected to propel the growth of the non-metallic minerals mining support activities market going forward. Construction materials are the materials used to build a house, such as timber, cement, steel, aggregates, bricks, concrete, and clay. Non-metallic minerals in construction materials provide durable protection against corrosion from salt or seawater. For instance, according to the monthly statistics of building materials and components published by the Department for Business, Energy and Industrial Strategy, a UK-based government department, exports of construction materials increased by £26 ($28.35) million in Q3 2022, compared to the previous quarter, an increase of 1.2%. Therefore, increasing demand for construction materials is driving the growth of the non-metallic minerals mining support activities market.
Competitive Landscape -
Major companies operating in the nonmetallic minerals mining support activities market report are Ferrit Ltd., ABB Ltd., DCS Techno Services Pvt. Ltd., EKpass Mining Consultants Corp., American Mining Services LLC, Filsinger Energy Partners Inc., Dynatec Mining Limited, RSC Geology Consultants Ltd., Altum Technologies Ltd., Boréalis AG, SNC-Lavalin Group Inc., NMDC Limited, Siby Mining Services Private Limited, Focus Mining Services, The Metallurgical Corporation of China Limited, Hochtief AG, PT United Tractors Tbk, Perenti Global Ltd., NRW Holdings Limited, The Weir Group plc, Major Drilling Group International Inc., Aveng Limited, Boart Longyear Ltd., Foraco International SA, CIMIC Group Limited, Downer Group, Sandvik AB, Caterpillar Inc., Komatsu Ltd., Hitachi Construction Machinery Co. Ltd., Atlas Copco AB, Joy Global Inc., Liebherr Group, Volvo Construction Equipment, Doosan Infracore Co. Ltd., Hyundai Heavy Industries Co. Ltd., J.C. Bamford Excavators Limited, Bell Equipment Company SA (Pty) Ltd. .
Innovative Technology Reshapes Non-Metallic Mineral Mining Support Activities
Technological innovations are the key trends gaining popularity in the non-metallic mineral mining support activities market. Companies operating in the non-metallic mineral mining support activities market are adopting new technologies to sustain their position in the market. For instance, in September 2021, Caterpillar Inc., a US-based construction machinery manufacturing company, launched the 'New Cat R1700 XE underground battery-electric LHD'. The new electric Cat R1700 XE Load Haul Dump (LHD) produces zero exhaust emissions and significantly less heat generation than a reciprocating engine-powered model for underground mining operations. The special feature is fast on-board charging technology, the machine's batteries can be charged to maximize available run time. The portable Cat MEC500 Mobile Equipment Charger provides quick charging wherever it is needed while eliminating the need for static charging station infrastructure, additional batteries, and battery handling and swapping. The MEC500 charges the R1700 XE in less than 30 minutes with a single charger or in less than 20 minutes with two chargers.
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Key Segments -
The nonmetallic minerals mining support activities market covered in this report is segmented -
1) By Type: Cement And Lime, Ceramics, Glass
2) By Application: Jewellery, Construction, Iron And Ore, Other Applications
3) By Service Provider: Independent Contractors, Companies
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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