Press release
2025 General Minerals Industry Trends Report: Long-Term Outlook Through 2034
General Minerals
How Large Will the General Minerals Market Size By 2025?
There has been a robust expansion in the size of the general minerals market in the past few years. With an expected increase from $191.68 billion in 2024 to $207.38 billion in 2025, this market anticipates a compound annual growth rate (CAGR) of 8.2%. The phenomenal growth witnessed in the past resulted from factors like global economic trends and the boom in infrastructural development and industrial manufacturing.
How Big Is the General Minerals Market Size Expected to Grow by 2029?
The overall dimension of the minerals market is set for robust expansion in the upcoming years. It is predicted to escalate to $293.1 billion in 2029 with a Compound Annual Growth Rate (CAGR) of 9.0%. The anticipated progress during the projection period can be credited to factors such as urbanization, global population increase, electric vehicles, and renewable energy. The prominent trends during the forecast period would encompass electrification and lightweighting, sophisticated materials, additive fabrication, digital transition and connectivity, cooperation and alliances.
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Which Key Market Drivers Powering General Minerals Market Expansion and Growth?
The general minerals market is projected to experience growth, driven by the rising demand for minerals. Minerals are naturally occurring substances distinguished by their specific chemical and physical characteristics, atomic structure, and composition. They serve as essential raw materials in a range of industries, such as construction, manufacturing, electronics, and energy. The infrastructural growth in developing and mature countries leads to a rise in mineral consumption. For example, the France-based independent intergovernmental organization, the International Energy Agency, reports that spending on exploration for crucial minerals increased by 20% in 2022. Significant growth occurred in hard-rock lithium exploration, particularly in Canada and Australia, showing over a 40% year-on-year growth. Consequently, the escalating demand for minerals influences the expansion of the general minerals market.
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What Are the Key Trends Driving General Minerals Market Growth?
In the general mineral market, major firms place substantial emphasis on the research and development of metal nanoparticle product, aiming for increased long-term profitability and responsibility. Metal nanoparticles, comprised of either pure metals or their alloys, possess distinctive physicochemical characteristics. Corporations, along with research institutions, are keen on conducting cutting-edge research to apply metal nanoparticles across a variety of applications. For instance, in February 2022, advancements were made by the Korea Institute of Science and Technology (KIST), which developed metal nanoparticles to substantially improve the efficiency of hydrogen fuel cell catalysts using semiconductor manufacturing technology. The institute employed the process of sputtering technology to address the limitations of current chemical synthesis.
What Are the Emerging Segments in the General Minerals Market?
The general minerals market covered in this report is segmented -
1) By Type: Potash; Salt; Magnesite; Sulfur; Kaolin; Asbestos; Feldspar; Boron; Gypsum; Talc; Graphite; Baryte; Bentonite; Diatomite; Lithium; Selenium; Perlite; Vermiculite; Arsenic; Other General Minerals
2) By Organization Size: Large Enterprises; Small And Medium Enterprises
3) By Service Provider Type: Independent Contractors; Companies
Subsegments:
1) By Potash: Muriate Of Potash (MOP); Sulfate Of Potash (SOP)
2) By Salt: Rock Salt; Sea Salt; Solar Salt; Vacuum Salt
3) By Magnesite: Dead Burned Magnesite; Fused Magnesite; Caustic Calcined Magnesite (CCM)
4) By Sulfur: Elemental Sulfur; Sulfuric Acid
5) By Kaolin: Paper-Grade Kaolin; Ceramic-Grade Kaolin; Other Industrial Kaolin
6) By Asbestos: Chrysotile Asbestos; Amphibole Asbestos (Including Crocidolite And Amosite)
7) By Feldspar: Potash Feldspar; Soda Feldspar
8) By Boron: Boric Acid; Sodium Borate; Boron Oxide
9) By Gypsum: Natural Gypsum; Fgd (Flue Gas Desulfurization) Gypsum
10) By Talc: Steatite; Soapstone
11) By Graphite: Natural Graphite (Flake, Amorphous, Lump); Synthetic Graphite
12) By Baryte: Oilfield Grade Baryte; Industrial Grade Baryte
13) By Bentonite: Sodium Bentonite; Calcium Bentonite
14) By Diatomite: Food Grade Diatomite; Industrial Grade Diatomite
15) By Lithium: Lithium Carbonate; Lithium Hydroxide; Lithium Chloride
16) By Selenium: Selenium Powder; Selenium Metal
17) By Perlite: Horticultural Perlite; Industrial Perlite
18) By Vermiculite: Expanded Vermiculite; Unexpanded Vermiculite
19) By Arsenic: Arsenic Trioxide; Arsenic Pentoxide
20) By Other General Minerals: Manganese; Tin; Antimony; Fluorspar; Other Specialty Minerals
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Who Are the Global Leaders in the General Minerals Market?
Major companies operating in the general minerals market include Alcoa Corporation, Clariant AG, Compass Minerals International Inc., Iluka Resources Limited, Rio Tinto Inc., Sociedad Quimica y Minera de Chile S.A., Aluminum Corporation of China Limited, Anglo American plc, AngloGold Ashanti Limited, Barrick Gold Corporation, BHP Group, China Molybdenum Co. Ltd., Compass Menerals International Inc., Eti Maden, First Quantum Minerals Ltd., Freeport-McMoRan Inc., Glencore plc, Gold Fields Limited, Grupo México, S.A.B. de C.V., ICL Group, Imerys SA, Jiangxi Copper Company Limited, KORE Potash, Lundin Mining Corporation, Mosaic Company, Newcrest Mining Limited, Newmont Corporation, Norilsk Nickel, Polyus PJSC, Sirius Minerals plc, Southern Copper Corporation, SQM SA, Teck Resources Limited, The Mosaic Co, Vale SA, Vedanta Resources Limited, Votorantim SA, Zijin Mining Group Co. Ltd.
Which are the Top Profitable Regional Markets for the General Minerals Industry?
Asia-Pacific was the largest region in the general minerals market in 2024. North America was the second largest region in the general minerals market. The regions covered in the general minerals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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