Cement concrete technologies have been going through immense evolutionary changes. Apart from factors such as strength, economy and durability are also playing an important role globally. Initially, cement did not possess properties of strength and durability, therefore, to make concrete durable and strong, cementious material such as fly ash was started as a practice which is now used on a large scale worldwide.
Limestone, granite, traprock, dolomite and quartz are the major rock types which are processed by the crushed stone industry. Natural stone processes, use a multi-stage crushing process for producing defined grain size from large lumps of rock. Stone processing has gained high importance in the market.
The global mining equipment market is expected to see a significant growth through the forecast period with improving economic conditions and rising output of mining sector. The market for mining equipment is also expected to see a significant demand from replacement market due to stringent energy consumptions regulations particularly in developed nations. In addition, rising domestic demand for metal and coal represents a positive outlook for mining equipment particularly in emerging economies such as India, China and others.
The global surface mining equipment market is expected to witness a considerable growth through the forecast period 2016 - 2022 with improving economic conditions and rising output of mining sector. The market for surface mining equipment is also expected to see a significant demand from replacement market due to stringent emission, energy consumptions and safety regulations particularly in developed nations. In addition, rising domestic demand from emerging economies due to rapidly increasing mechanization in mining sector also represents a positive outlook for surface mining equipment suppliers particularly in emerging as India, China, South Africa, Brazil, Russia and others. All these factors are expected to drive the market growth of surface mining equipment in the next six years.
Rising urbanization in major countries across the world and growing industrialization particularly in emerging economies is increasing the demand for metal and minerals. Increasing mining activities and improving economic conditions across the world are motivating miners to invest in advanced underground mining equipment to improve their productivity.
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Global Mining, Metals and Minerals Market Analysis
The worldwide mining, metals and minerals market sector was evaluated at about 2320 billion dollars in year 2010 as per the research report study by a reputed market research firm. It was predicted to grow fast at an annual rate of more than 19% during the five year time span culminating at the end of year 2015. By the end of year 2015, the worldwide mining, metals and minerals market was expected to be valued at about 5575 billion dollars. More than fifty percent of the global metal output is utilized by automotive and construction markets both of which have a knock on effect on the global mining , metals and minerals market sector. Other market segments depending upon the mining, metals and minerals sector includes electrical devices, industrial machinery and power.
The global mining, metals and minerals market consists of extracting and processing of minerals and metals. It includes aluminum markets, iron & steel markets and base metals markets. The industry also comprise of precious minerals and metals like gold, platinum, uranium, silver and diamond.
Iron and steel market segment consist of the biggest section of the global mining, metals and minerals market. The universal iron and steel industry displayed close to about forty percent of growth in year 2010 as per the reports provided by a reputed market research agency. It was predicted to observe a market growth of greater than 140% by the end of year 2015. By the end of year 2015 the market size of the iron and steel market segment was expected surpass 1567000 thousand metric tons a near about sixteen percent rise in the five year period from 2010 to 2015.
The market share of the iron and steel market is highly concentrated in APAC region representing almost about sixty five percent of the global iron and steel industry sector.
As per the market reports from a reputed market research agency universal rare earth metals industry is being stimulated by growing demand which was predicted to expand at a yearly rate of greater than seven percent with a total output of about 1,80,000 metric tons till the end of year 2015. The total revenue of the earth metals touched 3 billion dollars in year 2010 and was predicted to touch more than nine billion dollars in year 2015. Industrial growth will be propelled by demand for electronic goods, permanent magnets, automotive sector and battery alloys.
The stainless steel market represents more than fifty percent of the universal nickel industry. Market demand for nickel was predicted to stimulate the demand for stainless steel with consumption of nickel expected to grow or expand at the rate of five percent yearly from year 2011 to year 2014 as per the reports from a reputed market research agency.
The worldwide copper sector was worth greater than 90 billion dollars in year 2010 as per the reports from a reputed market research firm. Copper was utilized not only in the construction sector but also for the worldwide connectivity as it was used for wires and cables making it crucial for distributing power, facilitating communication and transferring potable water. The worldwide copper industry was predicted to grow at an annual rate of more than 9.6% between year 2010 and year 2015 making an overall industry growth about 144 billion dollars in year 2015.
About sixty percent of gold is used to manufacture jewelry. In year 2009 , the biggest demand for gold came from the middle east regions, Asia and India which together used seventy percent of the golden jewelry manufactured in year 2009. Gold is also manufactured for central bank reserves.
USA is the main market player on the worldwide aluminum market manufacturing more than forty billion dollars worth aluminum as per a reputed market research agency. There are three hundred plants in function throughout thirty five US states, creating greater than twenty five billion pounds of metal yearly. Aluminum has enormous uses in buildings, constructions and packaging. It is also broadly used in the transport sector as well as in medical industry.
Consolidation persists to put firms belonging to mining, metal and minerals sector in a strong position regarding cost practices and permits them to benefit from the manufacturing costs savings through large scale activity. The market is growing in developing nations, which means cost cuttings on operation costs and savings on labor expenses. As related sectors undergo varying levels of recovery after financial recession, the mining, metals & minerals market sector is all set to grow and expand.