Navigating the Future: Metal And Mineral Market Trends and Forecast Insights, 2025 Edition

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Metal And Mineral Market Size Growth Forecast: What to Expect by 2025?
The market size for metals and minerals has witnessed consistent growth in the past few years. The market value is anticipated to escalate from $7772.66 billion in 2024 to $8038.96 billion in 2025, with a compound annual growth rate (CAGR) of 3.4%. The historical growth trend has been fueled by factors such as the rise in industrialization and urbanization, global economic dynamics, trade and export guidelines, infrastructure ventures, and environmental regulations.

How Will the Metal And Mineral Market Size Evolve and Grow by 2029?
In the coming years, the metal and mineral market is anticipated to experience consistent expansion, reaching $9510.66 billion in 2029, with a compound annual growth rate (CAGR) of 4.3%. The projected growth during the forecast period can be linked to practices related to the circular economy, the revolution in electric vehicles (EV), resilient supply chains, geopolitical factors, and changing consumer preferences. The forecast period is likely to witness trends like the adoption of green technologies, technological breakthroughs in processing, advancements in mining technology, greater emphasis on recycling, and the infusion of digitalization and automation in mining operations.

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What Drivers Are Propelling the Growth of Metal And Mineral Market Forward?
The anticipated boom in the metal and mineral manufacturing market is expected due to breakthroughs in wireless technology and the creation of smaller components for equipment. Technologies like 3D printing, artificial intelligence, and big data analytics are leveraged in the manufacturing process, leading to greater output, reduced operational costs, and improvement in profit margins. As reported by , the manufacturing industry will see the highest annual gross-value-added (GVA) growth of 4.4% by 2035, attributable to artificial intelligence. The report also suggests that artificial intelligence could potentially boost profits by 38% on average by 2035. The reduction in operating costs which helps in margin expansion, enables companies to elevate production and diversify their product range, translating into further growth for the metal and mineral manufacturing market in the future.

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What Trends Will Shape the Metal And Mineral Market Through 2029 and Beyond?
Numerous companies in the metal and mineral manufacturing sector are turning to robotics and automation to enhance their plant operations and increase productivity. Various machines are now equipped with sensors to gather critical data that enhances efficiency and minimizes the likelihood of malfunctions. As per a study by Boston Consulting Group (BCG), a top-tier global management consulting firm based in the US, the prediction is that 1.2 million industrial robots will be in operation by 2025. This forecast suggests an upward trend in the adoption of robotics and automation technology as a means to boost productivity and lower production expenses. According to a research by Netherlands-based KPMG, 16% of top-level executives at international metals corporations have already made investments in robotic technology for metal manufacturing. Furthermore, 31% of such executives have tentative plans to invest in robotics for new technological advances and opportunities, while 42% express a readiness to invest in this area in the near future. The report also mentions that 63% of these executives are contemplating investments in automation. Companies such as FANUC, KUKA, ABB, and Motoman are examples of firms that supply industrial robots to metals companies.

What Are the Key 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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Who Are the Key Players Shaping the Metal And Mineral Market's Competitive Landscape?
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 Geographic Markets Are Powering Growth 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.

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