Gold Ore Global Market Is Expected To Grow At A Rate Of Almost 11% Through 2023 – 2027
14 Jul, 2023
The global gold ore market size is expected to grow from $16.03 billion in 2022 to $17.86 billion in 2023 at a compound annual growth rate (CAGR) of 11.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global gold ore market size is expected to reach $26.96 billion in 2027 at a CAGR of 10.8%.
Global Gold Ore Market Key Driver
The rise in demand for gold jewellery fueled the expansion of the gold ore market. Gold jewellery is ornamentation composed of gold as the principal material. The gold mining process extracts gold from gold ores, and the mined gold is subsequently transformed into a form suitable for creating gold jewellery.
Get a sample of the global gold ore market reportGlobal Gold Ore Market Segments
The global gold ore market is segmented:
1) By Mining: Placer Mining, Hardrock Mining, Other Minings
2) By Application: Cupellation Method Refining, Inquartation Method Refining, Miller Chlorination Process Refining, Wohlwill Electrolytic Process Refining, Aqua Regia Process Refining
3) By End-User: Investment, Jewelry, Other End-Users
4) By Geography: The regions covered in the gold ore market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions, Asia-Pacific accounts for the largest share in the global gold ore market.
Major Gold Ore Industry Players
Barrick Gold Corporation, Newmont Mining Corporation, AngloGold Ashanti Limited, Kinross Gold Corporation, Newcrest Mining Limited, Gold Fields Limited, Polyus Gold International Limited, Agnico Eagle Mines Limited, Harmony Gold Mining Company Limited, Yamana Gold Inc., Kirkland Lake Gold Inc., Polymetal International Plc., Coeur Mining Inc., Freeport-McMoRan Inc., North Bloomfield Mining and Gravel Company, Gold Reserve Inc., Golden Star Resources Ltd., Royal Gold Inc.
Get the full global gold ore market reportGold Ore Market Overview
Gold ore is a type of rock that contains gold mineral or particles in sufficient quantities to make it economically viable to mine and extract the gold.
Gold Ore Global Market Report 2023 provides data on the global gold ore market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The gold ore market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.