According to a new report by GlobalData Plc, the global industrial minerals market size was valued at 2,377.7 million tonnes in 2023. These industrial minerals are expected to play a pivoting role in the development of sustainable or clean energy technologies over the forecast period.
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Industrial Minerals Market FAQs
The industrial minerals market size globally will reach 2,377.7 Million Tonnes in 2023.
The industrial minerals market is expected to grow at a CAGR of 2.8% over the forecast period (2023-2030).
The expansion of the construction sector with a focus on infrastructural development and the growing chemical manufacturing vertical are anticipated to remain key drivers for industrial minerals market growth over the forecast period.
Commodity Segments: Barite, Bentonite, Boron, Diatomite, Dolomite, Feldspar, Fluorspar, Graphite, Gypsum and Anhydrite, Kaolin, Limestone, Phosphate Rock, Potash, and Salt
End-Use Segments: Construction & Material, Chemical, Ceramic & Glass, and Others
The leading industrial minerals companies are The Mosaic Co, KaMin LLC, Imerys, Sibelco, Quarzwerke GmbH, Thiele Kaolin Company, I-Minerals Inc., Gypsum Resources Materials, Ashapura Group, Clariant, Ma’aden, Omya AG, Minerals Technologies Inc., Vulcan Materials Company, and CRH Americas Materials, Inc.
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Industrial Minerals Market Dynamics
The high volume and low cost of industrial minerals support their uses across key end-use sectors including construction & material, chemical, ceramic & glass, and others. Among these, the ceramic sector particularly in the Europe region is severely affected due to the ongoing Russia-Ukraine conflict. Ukraine’s Donbas region is the key source for the supply of ceramic minerals to Europe and has reported a disastrous impact on its mining operation coupled with blockages of port facilities. The prolongation of this ongoing conflict is anticipated to directly hamper the ceramics industry operations across Spain, Italy, Turkey, and Poland.
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Industrial Minerals Market Report Highlights
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Industrial Minerals Market Scope
GlobalData Plc has segmented the industrial minerals market report by commodity, end-use, and region:
Global Industrial Minerals Commodity Outlook (Volume, Thousand Tonnes, 2020-2030)
Global Industrial Minerals End-Use Outlook (Volume, Thousand Tonnes, 2020-2030)
Global Industrial Minerals Regional Outlook (Volume, Thousand Tonnes, 2020-2030)
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