Press release
Nonmetallic Minerals Mining Support Activities Market Poised for 8 % Growth, Set to Hit $60.1 Billion by 2029
Nonmetallic Minerals Mining Support Activities Market Outlook
The surge in the need for construction materials is predicted to boost the expansion of the non-metallic minerals mining support activities market in the future. Construction material encompasses everything required to erect* a building, for example, timber, cement, steel, aggregates, bricks, concrete, and clay. Non-metallic minerals offer robust protection against corrosion that can be caused by salt or seawater within these construction materials. For example, monthly figures on building materials and components produced by the Department for Business, Energy and Industrial Strategy, a government department based in the UK, show that exports of construction materials saw a rise of £26 ($28.35) million in Q3 2022 when compared to the previous quarter, marking an increase of 1.2%. So, the mounting demand for construction materials is propelling the growth of the non-metallic minerals mining support activities market.
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What is the projected compound annual growth rate (CAGR) of the nonmetallic minerals mining support activities market from 2025 to 2034, and what factors influence it?
The market size of support activities for nonmetallic minerals mining has seen a swift expansion in the recent years. It is predicted to surge from $39.64 billion in 2024 to $43.66 billion in 2025, witnessing a compound annual growth rate (CAGR) of 10.1%. Factors contributing to the growth during the historic period include global industrialization and infrastructure development, economic progress and construction activities, adherence to mining regulations, changes in commodity prices and market requirements, as well as population growth and urbanization.
Expectations are high for powerful growth in the nonmetallic minerals mining support activities market over the next several years, with projected increase to $60.1 billion in 2029 at a compounded annual growth rate (CAGR) of 8.3%. A number of factors are contributing to the forecasted growth, including renewable energy and infrastructure projects, commitment to environmental sustainability and greener strategies, advancements in extraction and processing methods, and worldwide construction and manufacturing tendencies. Other influential factors include the resilience of supply chains and sourcing of raw materials. The upcoming trends include embracing 3D printing for mining components, increased focus on the safety and health of workers, the bolstering of support services in the rare earth elements mining sector, establishment of remote operation and monitoring centers, along with the creation of eco-friendly materials for mining infrastructure.
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How are the latest trends influencing the growth of the nonmetallic minerals mining support activities market?
Key entities in the non-metallic mineral mining support activities market, including major corporations, are adjusting their mineral strategies to integrate sustainable procedures and pioneering technologies. The aim is to boost efficiency, lessen environmental harm, and align with the changing needs of the sector. The purpose is to amplify local production of crucial minerals such as lithium, nickel, and copper, which play a crucial role in various sectors, such as those involving electric vehicles and renewable energy technologies. For example, in August 2024, the Ministry of Mines, a governmental body from India, set an objective to boost the nation's self-sufficiency in essential minerals significant for economic progression and energy transition. Highlighted in the Union Budget 2024-25, this initiative aims at escalating domestic production, endorsing recycling, and enticing overseas purchases of crucial mineral assets. The scheme is aimed at building a sustainable value chain for critical minerals and managing supply chain vulnerabilities intensified due to India's high dependency on imports, primarily from China.
What are the major segments of the nonmetallic minerals mining support activities market and their role in driving growth?
The nonmetallic minerals mining support activities market covered in this report is segmented -
1) By Type: Cement And Lime, Ceramics, Glass
2) By Application: Jewelry, Construction, Iron And Ore, Other Applications
3) By Service Provider: Independent Contractors, Companies
Subsegments:
1) By Cement And Lime: Portland Cement, Lime
2) By Ceramics: Clay, Porcelain, Stoneware
3) By Glass: Flat Glass, Container Glass, Fiberglass
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Which regions are key players in the growth of the nonmetallic minerals mining support activities market?
Asia-Pacific was the largest region in the non-metallic minerals mining support activities market in 2024. Europe was the second-largest region in the non-metallic minerals mining support activities market. The regions covered in the nonmetallic minerals mining support activities market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the nonmetallic minerals mining support activities market?
Major companies operating in the nonmetallic minerals mining support activities market include 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, Liebherr Group, Bell Equipment Company SA (Pty) Ltd.
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What Is Covered In The Nonmetallic Minerals Mining Support Activities Global Market Report?
• Market Size Forecast: Examine the nonmetallic minerals mining support activities market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the nonmetallic minerals mining support activities market for a structured understanding.
• Key Players Overview: Analyze major players in the nonmetallic minerals mining support activities market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the nonmetallic minerals mining support activities market.
• Segment Contributions: Evaluate how different segments drive overall growth in the nonmetallic minerals mining support activities market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the nonmetallic minerals mining support activities market.
• Industry Challenges: Identify potential risks and obstacles affecting the nonmetallic minerals mining support activities market.
• Competitive Landscape: Review strategic developments in the nonmetallic minerals mining support activities market, including expansions, agreements, and new product launches.
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