Asia Pacific Is The Largest Geography For The General Mineral Mining Market
Posted by praneeth on October 4th, 2018
The general mineral mining industry includes establishments involved in mining construction sand and gravel, industrial sand, kaolin and ball clay, clay and ceramic and refractory minerals. This market also includes companies carrying out potash, soda and borate mineral, phosphate rock, and other chemical and fertilizer minerals mining.
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The global general mineral mining market has shown very slow and stable growth in the past years with a CAGR of just over 1%. The year 2017 recorded highest ever market value in this industry as per TBRC’s inhouse consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the stability and growth claims.
The report also shows the general mineral mining market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
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Asia Pacific was the largest region in the general mineral mining market in 2017, accounting for almost 40% market share. This was mainly due to the large market for chemical and fertilizers in the region, thereby driving extraction of mineral pigments, potash, sulfur and rock salt mining.
Companies included in the report are CRH Plc, Israel Corporation Ltd, The Mosaic Company, OCP S.A. and PotashCorp.
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Joined: June 6th, 2018
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