What Transformation Has the Nonmetallic Minerals Mining Support Activities Market Undergone?
The nonmetallic minerals mining support activities market has seen considerable growth due to a variety of factors.
• The market size of support activities for nonmetallic minerals mining has seen a swift expansion in the recent years. It is predicted to surge from $39.64 billion in 2024 to $43.66 billion in 2025, witnessing a compound annual growth rate (CAGR) of 10.1%. Factors contributing to the growth during the historic period include global industrialization and infrastructure development, economic progress and construction activities, adherence to mining regulations, changes in commodity prices and market requirements, as well as population growth and urbanization.
What Are The Predictions for The Nonmetallic Minerals Mining Support Activities Market By 2029?
The Nonmetallic Minerals Mining Support Activities market is expected to maintain its strong growth trajectory in upcoming years.
• Expectations are high for powerful growth in the nonmetallic minerals mining support activities market over the next several years, with projected increase to $60.1 billion in 2029 at a compounded annual growth rate (CAGR) of 8.3%.
A number of factors are contributing to the forecasted growth, including renewable energy and infrastructure projects, commitment to environmental sustainability and greener strategies, advancements in extraction and processing methods, and worldwide construction and manufacturing tendencies. Other influential factors include the resilience of supply chains and sourcing of raw materials. The upcoming trends include embracing 3D printing for mining components, increased focus on the safety and health of workers, the bolstering of support services in the rare earth elements mining sector, establishment of remote operation and monitoring centers, along with the creation of eco-friendly materials for mining infrastructure.
Which Drivers Are Accelerating Growth In The Nonmetallic Minerals Mining Support Activities Market?
The surge in the need for construction materials is predicted to boost the expansion of the non-metallic minerals mining support activities market in the future. Construction material encompasses everything required to erect a building, for example, timber, cement, steel, aggregates, bricks, concrete, and clay. Non-metallic minerals offer robust protection against corrosion that can be caused by salt or seawater within these construction materials. For example, monthly figures on building materials and components produced by the Department for Business, Energy and Industrial Strategy, a government department based in the UK, show that exports of construction materials saw a rise of £26 ($28.35) million in Q3 2022 when compared to the previous quarter, marking an increase of 1.2%. So, the mounting demand for construction materials is propelling the growth of the non-metallic minerals mining support activities market.
What Are The Core Segments Of The Global Nonmetallic Minerals Mining Support Activities Market?
The nonmetallic minerals mining support activities market covered in this report is segmented –
1) By Type: Cement And Lime, Ceramics, Glass
2) By Application: Jewelry, Construction, Iron And Ore, Other Applications
3) By Service Provider: Independent Contractors, Companies
Subsegments:
1) By Cement And Lime: Portland Cement, Lime
2) By Ceramics: Clay, Porcelain, Stoneware
3) By Glass: Flat Glass, Container Glass, Fiberglass
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Which Emerging Trends Are Reshaping The Nonmetallic Minerals Mining Support Activities Market Size?
Key entities in the non-metallic mineral mining support activities market, including major corporations, are adjusting their mineral strategies to integrate sustainable procedures and pioneering technologies. The aim is to boost efficiency, lessen environmental harm, and align with the changing needs of the sector. The purpose is to amplify local production of crucial minerals such as lithium, nickel, and copper, which play a crucial role in various sectors, such as those involving electric vehicles and renewable energy technologies. For example, in August 2024, the Ministry of Mines, a governmental body from India, set an objective to boost the nation's self-sufficiency in essential minerals significant for economic progression and energy transition. Highlighted in the Union Budget 2024-25, this initiative aims at escalating domestic production, endorsing recycling, and enticing overseas purchases of crucial mineral assets. The scheme is aimed at building a sustainable value chain for critical minerals and managing supply chain vulnerabilities intensified due to India's high dependency on imports, primarily from China.
Who Are the Key Players In The Nonmetallic Minerals Mining Support Activities Market?
Major companies operating in the nonmetallic minerals mining support activities market include:
• Ferrit Ltd.
• ABB Ltd.
• DCS Techno Services Pvt. Ltd.
• EKpass Mining Consultants Corp.
• American Mining Services LLC
• Filsinger Energy Partners Inc.
• Dynatec Mining Limited
• RSC Geology Consultants Ltd.
• Altum Technologies Ltd.
• Boréalis AG
• SNC-Lavalin Group Inc.
• NMDC Limited
• Siby Mining Services Private Limited
• Focus Mining Services
• The Metallurgical Corporation of China Limited
• Hochtief AG
• PT United Tractors Tbk
• Perenti Global Ltd.
• NRW Holdings Limited
• The Weir Group plc
• Major Drilling Group International Inc.
• Aveng Limited
• Boart Longyear Ltd.
• Foraco International SA
• CIMIC Group Limited
• Downer Group
• Sandvik AB
• Caterpillar Inc.
• Komatsu Ltd.
• Hitachi Construction Machinery Co. Ltd.
• Atlas Copco AB
• Liebherr Group
• Bell Equipment Company SA (Pty) Ltd.
What Are The Regional Insights Into The Nonmetallic Minerals Mining Support Activities Market?
Asia-Pacific was the largest region in the non-metallic minerals mining support activities market in 2024. Europe was the second-largest region in the non-metallic minerals mining support activities market. The regions covered in the nonmetallic minerals mining support activities market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
