Press release
Black Mineral Market Size, Drivers, Regional Insights, Competitive Landscape, Industry Developments, 2032
Black Mineral Market
Carbon black is also a form of black mineral that has extensive use in several applications in the paper industry. It is a crucial element in the manufacturing of printing inks. It enhances opacity, imparts color, and improves the quality of print of magazines, newspapers, packaging materials, and books.
Fortune Business Insights presents this information in a report titled "Black Mineral Market, 2024-2032."
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Major Players Profiled in the Report
Rio Tinto (U.K.)
BHP Group Limited (Australia)
Vale S.A. (Canada)
China Shenhua Energy Co. Ltd. (China)
Glencore (Switzerland)
Anglo American PLC (U.K.)
Black Mineral Market Segments
By type, the market is divided into biotite, hematite, graphite, molybdenite, and others.
By application, the market is segmented into paper, agriculture, and others.
With respect to geography, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
Report Coverage
The report has conducted a detailed analysis of the market and focused on several critical aspects, such as leading types, applications, and top market players. It has also highlighted the most recent market trends and the key developments in the industry. In addition to the factors mentioned above, the report delves into several other factors that have helped the market grow.
Black Mineral Market Drivers
Growing Use of Graphite in Different Industries to Bolster Market Progress
Graphite is extremely popular form of black mineral as it has vast applications in a wide range of industries due to its unique characteristics. This mineral is a critical component in lithium-ion batteries that are used in smartphones, energy storage systems, electric vehicles, and laptops. Moreover, it is an anode material, which offers it high energy density and superior electrical conductivity. These features play a crucial role in enhancing the battery's performance and lifespan.
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Regional Insights
Asia Pacific Holds Largest Market Share Due to Rising Infrastructure Development Projects
Asia Pacific is dominating the global black mineral market share as the region is witnessing a strong growth in the number of infrastructure development projects. Moreover, the agriculture industry is also expanding and various countries, such as India and China are undergoing rapid industrialization. These factors are expected to boost the demand for black minerals, such as potash, phosphates, and coal for different purposes, thereby fueling the market's growth during the forecast period.
Competitive Landscape
Key Companies to Increase Their Production Capacities and Enter Partnerships to Dominate Market
Some of the top players operating in this market include Rio Tinto, BHP Group Limited, Vale S.A., China Shenhua Energy Co. Ltd., Glencore, and Anglo American PLC. These companies are increasing their focus on expanding their production capacity to cater to the increasing demand for black minerals. Moreover, they are also signing partnership, acquisition, and merger agreements with their competitors to increase their business operations and assert their dominance in the market.
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Black Mineral Industry Developments
October 2023: Rio Tinto announced that it had expanded its production capacity to 50 million tons every year at its latest iron ore mine, Gudai-Darri. This increase is expected to happen through incremental productivity gains.
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