The Global Mineral Products Market size is expected to grow from USD 1,564.7 billion in 2018 to USD 2,079.1 billion by 2028 with a CAGR of 3.3%. The growing demand for construction and infrastructure coupled with the need for energy-efficient materials are expected to drive the growth of this market during the forecast period.
The Asia Pacific is projected to be the fastest-growing region in terms of value over the next 8 years due to rapid urbanization and economic development along with an increasing focus on sustainable construction practices which translates into increased investments in infrastructure projects as well as secondary resources such as recycled aggregates (glass, concrete) that require less virgin material inputs.
On the basis of Types, the market is segmented into Cement and Concrete Products, Glass and Glass Products, Other Non-Metallic Mineral Products, Clay Products and Refractory, Lime and Gypsum Products. The other non-metallic mineral product segment is expected to grow at the highest growth rate during the forecast period owing to a growing demand for building materials that are eco-friendly as well as more sustainable in terms of environmental footprint.
Cement and Concrete Products can be defined as the group of goods that are used in construction. In addition, they can also be found to be present in commercial buildings and industrial facilities as well. They are made from a wide variety of raw materials such as clay, limestone, or sandstone depending on the type of product. These types of materials may also include sand and gravel if they're needed for strength purposes.
Glass and Glass Products are manufactured goods made of glass, including window panes, tableware, drinkware. It is also a material that can be transparent or have color added to it by adding metallic oxides during manufacturing. The most common use for glass products today is in the construction industry as a sheeting product for walls and roofs with various thicknesses available depending on application requirements.
Other Non-Metallic Mineral Product is a type of mineral product that does not fall into the categories of cement and concrete products, glass and glass products, or clay products. Examples: brick, tile, stone (e.g., marble), artificial building stones, natural high-temperature-resistant materials such as volcanic ash are considered Other Non-Metallic Mineral Products.
Clay products are a subset of non-metallic mineral products which includes brick and tile. Refractory is a material used for insulation, lining furnaces in order to protect them from heat as well as many other purposes.
Lime and gypsum product is a type of other non-metallic minerals that includes lime, cement clinker, chalk powder, plastering materials made from calcined gypsum or anhydrite, etc. The products are used in the manufacture of various items like building blocks, glassware articles such as wine bottles and containers for foodstuffs to sanitary ware (e.g., lavatories), insulation materials such as wallboards, refractory bricks, and masonry units.
Other uses include agricultural fertilizers which contain calcium carbonate known as dolomite; it can also be found in animal feed supplements when combined with phosphoric acid because the mixture prevents phosphate rock deposits on feeding equipment.
On the basis of Application, the market is segmented into Architecture, Industry, Manufacture, and Others.
The use of mineral products in architecture varies depending on the type used. For example, cement and concrete products are commonly used as a building materials to create walls or floors. Clay product is often utilized in ceramic tile production. Glass and glass products can be applied for windows when it comes to architectural design. And lastly, lime/gypsum products may also be incorporated into buildings through plastering or drywall applications.
Mineral products are used in an assortment of industries including manufacturing, architecture, and even the military. Manufacturing is one area where mineral products have been heavily relied upon for some time now. Designers use clay to create a variety of items from pottery to porcelain. Clay can also be mixed with other materials like sand or water-soluble binder paste to produce bricks for buildings and paving either onsite or offsite production plants. Lime has long been used as a mortar that binds stone blocks together during construction work while various glass types can provide energy-efficient windows or sun shading roofs.
Mineral products are essential in manufacturing. In the automobile industry, for example, iron is used to make vehicles, and aluminum products such as car frames require bauxite ore. Mineral products also play a key role behind many technologies like mobile phones or solar cells. Finally, mineral materials have become increasingly important when it comes to recycling electronic waste by extracting value from these so-called “urban mines” with metals being extracted and recycled at high rates (upwards of 90%) before they can be incinerated or dumped into landfills.
On the basis of Region, the market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Asia-Pacific is expected to witness the fastest growth during the forecast period owing to its rapid industrialization coupled with rising demand for cement and glass among others from emerging economies such as India and China.
North American region accounted for a major share of the mineral products market due to increasing infrastructure construction activities in U.S., Canada, Brazil, etc. driving up the demand for minerals like iron ore or aluminum oxide over regional competitors.
The global mineral products market is primarily driven by the increased construction and industrial activity. The demand for cement, concrete, and glass products has been surging in recent years. They are the most extensively used minerals during the construction of buildings, roads, or bridges due to their high strength levels, resistance to corrosion, and low cost.
Globally, there is an increasing number of projects taking place which necessitate the use of these materials as well as other types such as clay products, refractory materials, etc., thus driving up the need for raw materials (such as limestone) required in the production process. In addition to this factor, tremendous growth potential can be realized from emerging markets like India where a large proportion of the population resides in rural areas with poor sanitation facilities leading to rampant use of cement and concrete products in construction.
Up Market Research published a new report titled “Mineral Products Market research report which is segmented by Types (Cement and Concrete Product, Glass and Glass Product, Other Non-Metallic Mineral Product, Clay Product and Refractory, Lime and Gypsum Product), By Applications (Architecture, Industry, Manufacture, Others), By Players/Companies Lafargeholcim, CRH, CEMEX, HeidelbergCement, Saint-Gobain”.
|Report Attributes||Report Details|
|Report Title||Mineral Products Market Research Report|
|By Type||Cement and Concrete Product, Glass and Glass Product, Other Non-Metallic Mineral Product, Clay Product and Refractory, Lime and Gypsum Product|
|By Application||Architecture, Industry, Manufacture, Others|
|By Companies||Lafargeholcim, CRH, CEMEX, HeidelbergCement, Saint-Gobain|
|Regions Covered||North America, Europe, APAC, Latin America, MEA|
|Historical Year||2018 to 2019 (Data from 2010 can be provided as per availability)|
|Number of Pages||212|
|Number of Tables & Figures||149|
|Customization Available||Yes, the report can be customized as per your need.|
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type Cement and Concrete Product, Glass and Glass Product, Other Non-Metallic Mineral Product, Clay Product and Refractory, Lime and Gypsum Product and By Application Architecture, Industry, Manufacture, Others.
Some of the companies that are profiled in this report are:
Mineral Products Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Mineral Products Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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