2025-2034 Mineral Market Outlook: Key Drivers, Emerging Challenges, and Strategic Insights

Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.

What Will the Mineral Industry Market Size Be by 2025?
The size of the mineral market has been on an upward trend in recent years. It is projected to expand from a worth of $1000.15 billion in 2024 to $1037.46 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 3.7%. The growth observed in the historic timeline is largely a result of factors such as industrial progress, infrastructural developments, global economic circumstances, environmental laws, commodity rates, and infrastructural initiatives.

What's the Long-Term Growth Forecast for the Mineral Market Size Through 2029?
In the coming years, the mineral market is anticipated to experience consistent growth, increasing to $1229.19 billion in 2029 with a compound annual growth rate (CAGR) of 4.3%. The projected growth in the next few years can be credited to circular economy practices, resilience of the supply chain, transformation in consumer preferences, geopolitical aspects, and investment in infrastructure. Notable trends to watch during the projected period include technological innovation in mineral processing, advancement of green technologies, technological progression in mining, development in renewable energy technologies, and strategic stockpiling.

View the full report here:
https://www.thebusinessresearchcompany.com/report/mineral-global-market-report

What Are the Key Growth Drivers Fueling the Mineral Market Expansion?
The future market is expected to be driven by the cost-effective superior substitutes and expanding use of advanced ceramics. These superior ceramic versions are not only economical but also represent enhanced substitutes for metals, plastics, and glass due to their elevated performance capability. High chemical purity and stringent processing are what set Advanced Ceramics apart. They are implemented in engine hot zones as thermal barrier coatings, ceramic composites, thermal safeguard systems, engine elements, including sensors and antennas as well. The United States Advanced Ceramics Association reveals that these advanced ceramics hold a pivotal role in a wide range of industries, including aerospace, defense, power generation, and industrial processing, thereby having a significant effect on the economy and the environment. Their unique thermal, wear, and corrosion resistance are further elevated by improved toughness. Thus, with such economical high-quality substitutes and the expanding use of advanced ceramics, the market is poised for growth in the future.

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=3545&type=smp

What Are the Key Trends Driving Mineral Market Growth?
Prominent firms engaged in the mineral market are leveraging price assessments and market analysis to stay updated on the prevailing trends and progress. For example, in May 2024, Benchmark Mineral Intelligence, a research and consulting firm based in the UK, initiated a price assessment of Rare Earths. This service symbolizes a crucial move to enhance transparency in the rare earth industry and aid improved decision-making. With the escalating demand in sync with the worldwide energy transition, this measure will be crucial for both producers and consumers managing a progressively convoluted market atmosphere.

How Is the Mineral Market Segmented?
The mineral market covered in this report is segmented -

1) By Type: Cement and Concrete Products, Glass and Glass Products, Other Non-Metallic Mineral Products, Clay Products and Refractories, Lime and Gypsum 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 Cement and Concrete Products: Portland Cement, Ready-Mix Concrete, Precast Concrete Products, Concrete Blocks and Pavers
2) By Glass and Glass Products: Flat Glass, Container Glass, Fiberglass, Specialty Glass
3) By Other Non-Metallic Mineral Products: Abrasives, Insulation Materials, Decorative Stone, Soil Stabilizers
4) By Clay Products and Refractories: Brick and Tile, Ceramic Products, Refractory Bricks and Materials
5) By Lime and Gypsum Products: Quicklime, Hydrated Lime, Gypsum Board, Gypsum Plaster

Tailor your insights and customize the full report here:
https://www.thebusinessresearchcompany.com/customise?id=3545&type=smp

Which Companies Are Leading the Charge in Mineral Market Innovation?
Major companies operating in the mineral market include 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, Anhui Conch Cement Company Limited, Teck Resources Limited, Newmont Corporation, Barrick Gold Corporation, Southern Copper Corporation, Sibanye-Stillwater Limited, First Quantum Minerals Ltd., Agnico Eagle Mines Limited, Gold Fields Limited, Kinross Gold Corporation, Lundin Mining Corporation, Yamana Gold Inc., Turquoise Hill Resources Ltd., Hudbay Minerals Inc., Pan American Silver Corp., Wheaton Precious Metals Corp., Iamgold Corporation, Gujarat Mineral Development Corporation Limited, Alamos Gold Inc., Americas Gold and Silver Corporation, Eldorado Gold Corporation, Endeavour Silver Corp., Equinox Gold Corp., Fortuna Silver Mines Inc., Great Panther Mining Limited, MAG Silver Corp., McEwen Mining Inc., OceanaGold Corporation, Osisko Gold Royalties Ltd., Sierra Metals Inc., SilverCrest Metals Inc., SSR Mining Inc., Torex Gold Resources Inc.

Which Regions Are Leading the Global Mineral Market in Revenue?
Asia-Pacific was the largest region in the mineral market in 2024. Western Europe was the second-largest region in the mineral market. The regions covered in the mineral market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Purchase the full report today:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=3545

This Report Supports:
1.Business Leaders & Investors - To identify growth opportunities, assess risks, and guide strategic decisions.
2.Manufacturers & Suppliers - To understand market trends, customer demand, and competitive positioning.
3.Policy Makers & Regulators - To track industry developments and align regulatory frameworks.
4.Consultants & Analysts - To support market entry, expansion strategies, and client advisory work.

Reach out to us:
The Business Research Company: https://www.thebusinessresearchcompany.com/,
Americas +1 310-496-7795,
Europe +44 7882 955267,
Asia & Others +44 7882 955267 & +91 8897263534,
Email us at info@tbrc.info.

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
With over 17500+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead.Our flagship product, the Global Market Model (GMM), is a premier market intelligence platform delivering comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.