Metal And Mineral Market Size Projected To Reach $10704.96 Billion By 2034 With A Cagr Of 4.6%

The Metal And Mineral Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Metal And Mineral Market Size and Projected Growth Rate?
The size of the metal and mineral market has seen substantial growth recently. It's expected to expand from its 2024 value of $8432.82 billion to $8946.24 billion in 2025 which signifies a compound annual growth rate (CAGR) of 6.1%. The previous period's growth was influenced by factors such as industrialization and urbanization expansion, worldwide economic trends, trade and export rules, infrastructure projects, and environmental regulations.

The market size for metals and minerals is projected to experience a consistent expansion in the upcoming years. The value is predicted to reach $10704.96 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 4.6%. This expansion in the forecast period can be associated with circular economy strategies, the surge in electric vehicles (EV), resilience in the supply chain, geopolitical elements, and changing consumer behavior. Key trends forecasted for the same period include the emergence of green technologies, advances in processing technology, the evolution of mining technology, a heightened emphasis on recycling, and the advent of mining digitalization and automation.

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What Are the Major Segments in the Metal And Mineral Market?
The metal and mineral market covered in this report is segmented -

1) By Type: Mineral, Metal, Metal Products
2) By Application: Chemicals Manufacturing, Metallurgy, Electrical Grid Infrastructure, Electronics, Glass Products, Vehicles, Other Applications
3) By End User: Construction, Manufacturing, Other End Users

Subsegments:
1) By Mineral: Industrial Minerals, Precious Minerals, Energy Minerals
2) By Metal: Ferrous Metals, Non-Ferrous Metals, Precious Metals
3) By Metal Products: Metal Sheets and Plates, Metal Pipes and Tubes, Metal Castings and Forgings, Metal Alloys and Composites

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What Are The Driving Metal And Mineral Market Evolution?
The march of progress in wireless technology and the trend towards miniaturization are anticipated to fuel inventive breakthroughs in the field of metal and mineral manufacturing, acting as market growth stimuli throughout the prediction period. Moreover, the integration of emerging technologies such as 3D printing, artificial intelligence, and big data analytics in the manufacturing workflow leads to enhanced productivity, decreased overheads and improved profit margins. In fact, an accenture* study forecasts that, propelled by artificial intelligence, the manufacturing sector will experience an unmatched annual Gross Value Added (GVA) growth rate of 4.4% by 2035. The study also predicts that artificial intelligence could potentially elevate profit levels by an average of 38% by 2035. By reducing operational costs and thereby increasing profit margins, businesses are provided with the leeway to augment production and diversify their product offerings, thereby propelling the metal and mineral manufacturing market forward.

Which Firms Dominate The Metal And Mineral Market Segments?
Major companies operating in the metal and mineral market include Glencore plc, ArcelorMittal S.A., Pohang Iron and Steel Company, BHP Group, Nippon Steel & Sumitomo Metal Corporation, Baoshan Iron & Steel Company Limited, Rio Tinto, China Shenhua Energy Co. Ltd., Vale S.A., China National Building Material Group Co. Ltd, Hindalco Industries Limited, Freeport-McMoRan Inc., Norsk Hydro ASA, Vedanta Limited, Teck Resources Limited, Newmont Corporation, Barrick Gold Corporation, Alcoa Corporation, Southern Copper Corporation, Anglo American Platinum Limited, Sibanye Stillwater Limited, First Quantum Minerals, Agnico Eagle Mines Limited, Gold Fields Limited, Kinross Gold Corporation, Yamana Gold Inc., Wheaton Precious Metals Corp., Pan American Silver Corp., First Majestic Silver Corp., PJSC ALROSA, Polymetal International plc, Turquoise Hill Resources Ltd., Lundin Mining Corporation, OZ Minerals Limited, Hochschild Mining plc, SSR Mining Inc., Fortescue Metals Group Limited, Kaz Minerals PLC, Mineral Resources Limited, Iamgold Corporation, Centamin plc, Sierra Metals Inc., Osisko Gold Royalties Ltd., Sandstorm Gold Ltd.

What Trends Are Expected to Dominate the Metal And Mineral Market in the Next 5 Years?
Numerous firms in the metal and mineral manufacturing sector are adopting robotics and automation to enhance their plant operations and boost productivity. They are leveraging sensors in various machinery to garner crucial data that can aid in the enhancement of efficiency and minimize potential malfunctions. As cited in a study by Boston Consulting Group (BCG), a top tier global management consulting firm headquartered in the USA, there's an anticipation of 1.2 million industrial robots being in operation by 2025. This prediction points towards an increasing trend in the adoption of automation and robotics technology aimed at escalating productivity and curtailing production expenses. According to a report by KPMG, a Netherlands-based professional establishment, 16% of top executives from global metals firms have made investments in robotics for metal manufacturing, while 31% have tentative plans for such investments in search of new technology and opportunities, with 42% displaying readiness to make similar investments in the near future. The report further indicates that 63% of executives from metal manufacturing firms are contemplating investment in automation. Some companies, such as FANUC, KUKA, ABB, and Motoman, already offer industrial robotics to metal companies.

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Which Is The Largest Region In The Metal And Mineral Market?
Asia-Pacific was the largest region in the metal and mineral market in 2024. Western Europe was the second-largest region in the metal and mineral market. The regions covered in the metal and mineral market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Metal And Mineral Market?
2. What is the CAGR expected in the Metal And Mineral Market?
3. What Are the Key Innovations Transforming the Metal And Mineral Industry?
4. Which Region Is Leading the Metal And Mineral Market?

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