Press release
Global Mineral Market: Strong Growth Trajectory with a CAGR of 4.7% Propelled by Technological Advancements and Evolving Consumer Preferences
Mineral Market Size
What Is The Projected Market Size Of The Global Mineral Market And Its Growth Rate?
• The global Mineral Market has experienced strong growth, expanding from $1094.23 billion in 2024 to $1161.84 billion in 2025, exhibiting a compound annual growth rate (CAGR) of 6.2%.
• The market will continue to witness robust growth, projected to reach $1398.09 billion in 2029 at a CAGR of 4.7%.
What Is Driving The Growth In The Mineral Market?
The growth trajectory of the Mineral Market is significantly bolstered by the heightened usage and applications of advanced ceramics. These cost-effective alternatives outperform their counterparts - metals, plastics, and glass - and find extensive use in various sectors like aerospace, defense, power generation, and industrial processing, enhancing the economy and environment. The high chemical purity and careful processing of Advanced Ceramics enhance their toughness, making them ideal for use in crucial roles such as thermal barrier coating in engines, ceramic composites, thermal protection systems, engine components, and even sensors and antennas.
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Who Are the Key Players Driving Mineral Market Growth?
• Glencore plc
• Jiangxi Copper Company Limited
• BHP Billiton Limited
• China National Building Material Group Co. Ltd.
• Compagnie de Saint-Gobain S.A.
• Rio Tinto Group
• Vale S.A.
• Nutrien Ltd.
• Anglo American plc
• LafargeHolcim Ltd.
• Freeport-McMoRan Inc.
• HeidelbergCement AG
What Are The Key Trends In The Mineral Market?
• Technological innovation in mineral processing
• Adoption of green technologies
• Advancements in mining technology
• Increasing use of Renewable Energy Technologies
• Strategic stockpiling
What Are The Segments Of The Global Mineral Market?
• By Type: Cement and Concrete Products, Glass and Glass Products, Other Non-Metallic Mineral Products, Clay Products and Refractories, Lime and Gypsum Products.
• By Application: Chemicals Manufacturing, Metallurgy, Electrical Grid Infrastructure, Electronics, Glass Products, Vehicles, and Other Applications.
• By End User: Construction, Manufacturing, Other End Users.
Which Region Leads The Mineral Market?
Asia-Pacific was the dominant region in the Mineral Market in 2024, followed closely by Western Europe. Other regions covered in the market report include Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Mineral Market Global Market Report?
- Market Size Analysis: Analyze the Mineral Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Mineral Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Mineral Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Mineral Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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