General Mineral Mining Market Characteristics
The general mineral mining market consists of sales of general minerals by entities (organizations, sole traders and partnerships) that mine construction sand and gravel, industrial sand, kaolin and ball clay, clay and ceramic and refractory minerals, potash, soda and borate mineral, phosphate rock, or other chemical and fertilizer minerals mining.
Competitive Landscape of the General Mineral Mining Market
Major players in the global General Mineral Mining market include CRH Plc, Israel Corporation Ltd., OCP S.A., The Mosaic Company, PotashCorp, Vulcan Materials Company, Lafargeholcim Ltd, Martin Marietta Aggregates, Cemex S.A.B. de C.V., and Mitsubishi Cement Corp.
General Mineral Mining Market Size
The General Mineral Mining market size is expected to reach $200 billion by 2022, significantly growing at a CAGR of around 3% during the forecast period. The growth in the General Mineral Mining market is due slowing demand from China in particular, increased demand for non-metallic minerals such as limestone and gypsum.
However, the market for General Mineral Mining is expected to face certain restraints from several factors such as interest rate increases, workforce issues, and change in government policies.
General Mineral Mining Market Segmentation
The global general mineral mining market is further segmented based on type and geography.
By Type - The General Mineral Mining market is segmented into mineral mining, asphalt, graphite, bentonite, potash, kaolin, asbestos, feldspar, salt, sulphur, boron, gypsum, talc, diatomite, lithium, selenium, perlite, arsenic, and diamond (industrial), others (agate, alabaster, garnet, mica, magnesite, vermiculite, baryte, fluorspar, diamond (gem.)), among these segments, the potash market accounts for the largest share in the global General Mineral Mining market.
By Geography - The global General Mineral Mining is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, the Asia-Pacific General Mineral Mining market accounts the largest share in the global General Mineral Mining market.
Trends in the General Mineral Mining Market
Potash solution mining- A capital saving alternative, high-efficiency sand washer systems, advanced geosynthetic clay liners (GCLs) are the major trends witnessed in the global General Mineral Mining market.
Potential Opportunities in the General Mineral Mining Market
With increase in 3D printing technology, introduction of new technology, the scope and potential for the global General Mineral Mining market is expected to significantly rise in the forecast period.