Base Metal Mining Market Analysis by Future Growth, Competitive Analysis and Competitive Landscape by 2027
The global Base Metal Mining Market is forecasted to grow at a rate of 3.9% in terms of value, from USD 336.89 billion in 2019 to reach USD 459.28 billion by 2027. For mining, the base metal is known as the non-ferrous element, except for the precious metals. The base metals are traditional metals like lead, copper, zinc, gold, and so on. It gives a stable resistivity to corrosion, high tensile strength, and less maintenance.
Some of the leading players in the global Base Metal Mining market:
Antofagasta PLC, BHP, Zijin Mining Group Co. Ltd., Freeport-McMoRan Inc., Anglo American, CODELCO, Aurubis, Norilsk Nickel, Vale, and Glencore.
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Increasing demand for base metals from the electrical and electronics, construction, and the automotive sectors are projected to remain a key growth driver. Residential and non-residential construction sectors are expected to grow in Southeast Asia and other developing countries to drive demand for aluminum and copper products. Additionally, the emergence of electric vehicles and other commercial vehicles should contribute to demand.
Automotive manufacturers concentrate on lightweight vehicles to comply with the emission regulations. A significant demand driver is the rise of the electronics and electrical industry. Metals such as copper, silver, zinc, and lead are used extensively in the electrical and electronics industries. Since the last decade, demand from sectors such as electric utilities, consumer electronics, and general electronics has risen significantly. Various copper goods find extensive use in everyday life. The esthetic, chemical and physical properties of copper render it a valuable commodity in numerous commercial, residential, and high-tech applications. This may be found in extremely advanced applications, following alloying with other metals such as silver, copper, or zinc. Copper possesses anti-microbial properties and is energy efficient and recyclable. However, concerns relating to the issuance of a social operating license and difficulties connected with the mining operations hamper the development of the sector.
The report further sheds light on the competitive landscape and provides in depth information about each market player including its global position, product portfolio, financial standing, revenue growth and company overview. The market players are focused on adopting various inorganic and organic growth strategies such as mergers and acquisitions, joint ventures, collaborations, product launches and partnerships to gain a robust footing in the market.
Key questions addressed in the report:
- What is the expected market size of the global Base Metal Mining market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Base Metal Mining market?
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Base Metal Mining Market Segmentation:
Product Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
Type Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Mineral Processing Machinery
- Crushing, Pulverizing and Screening Equipment
- Underground Mining Machinery
Application Outlook (Volume, Kilo Tons; 2017-2027) (Revenue, USD Billion; 2017-2027)
- Electrical & Electronics
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of APAC
- Latin America
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of MEA
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