Nonmetallic Minerals Mining Support Activities Global Market Report 2024

The nonmetallic minerals mining support activities market size has grown strongly in recent years. It will grow from $35.55 billion in 2023 to $38.77 billion in 2024 at a compound annual growth rate (CAGR) of 9.0%. The growth observed in the historical period can be attributed to global industrialization and infrastructure development, economic growth, and increased construction activities. Additionally, factors such as mining regulations and compliance, commodity prices, market demand, population growth, and urbanization have played significant roles in this growth.

The nonmetallic minerals mining support activities market size is expected to see strong growth in the next few years. It will grow to $53.16 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The anticipated growth in the forecast period can be attributed to renewable energy and infrastructure projects, a focus on environmental sustainability and green practices, ongoing innovation in extraction and processing techniques, global trends in construction and manufacturing, and the emphasis on supply chain resilience and raw material sourcing. Major trends expected in the forecast period include the adoption of 3D printing in mining components, an increased focus on worker safety and health, the expansion of support services in rare earth elements mining, the establishment of remote operation and monitoring centers, and the development of sustainable materials for mining infrastructure.

The non-metallic minerals mining support activities market is anticipated to experience growth, propelled by the increasing demand for construction materials. Construction materials, including timber, cement, steel, aggregates, bricks, concrete, and clay, are essential for building structures. Non-metallic minerals incorporated into construction materials offer robust protection against corrosion, particularly from salt or seawater. Notably, statistics from the UK's Department for Business, Energy, and Industrial Strategy indicate a £26 million ($28.35 million) increase in construction materials exports in Q3 2022 compared to the previous quarter, reflecting a 1.2% rise. This surge in demand for construction materials is a significant driver for the growth of the non-metallic minerals mining support activities market.

The rise in infrastructure development is poised to contribute to increased revenue in the non-metallic minerals mining support activities market. Infrastructure development involves the planning, construction, enhancement, and maintenance of fundamental physical and organizational structures necessary for societal, economic, or regional functionality. Global infrastructure investments are projected to reach $94 trillion by the end of 2040, according to the Global Infrastructure Outlook. Additionally, India's National Infrastructure Pipeline, with a planned investment of $1.43 trillion over the next five years, further underscores the momentum in infrastructure development. The growing emphasis on infrastructure projects is expected to drive demand for materials used in construction, thereby fostering growth in the non-metallic minerals mining support activities market.

A prominent trend in the non-metallic mineral mining support activities market is the adoption of technological innovations. Companies operating in this market are leveraging new technologies to enhance their market positions. Caterpillar Inc., a US-based construction machinery manufacturing company, exemplifies this trend with the launch of the 'New Cat R1700 XE underground battery-electric LHD' in September 2021. This electric load-haul-dump (LHD) for underground mining operations produces zero exhaust emissions and features fast on-board charging technology, allowing efficient and flexible charging.

Digital twins have emerged as another key trend in the non-metallic mineral mining support activities market. Digital twins are virtual replicas or representations of physical objects, processes, systems, or entities. Metso Outotec, a Finland-based machine industry company, introduced the digital twin solution 'Metso Outotec Geminex' in March 2022. Geminex facilitates the management of variability and optimization of resources in mining and metallurgical processes by combining operational data from internal and external sources. This digital twin solution enhances control over asset integrity, improves field personnel management, and provides insights into areas of degradation, lead times for maintenance and inspections, and budget requirements for these activities.

In December 2022, Rio Tinto, a UK-based metals and mining corporation, acquired Turquoise Hill Resources Ltd. for $3.1 billion. This acquisition aimed to broaden, diversify, and enrich Rio Tinto's portfolio in line with its growth strategy in the materials sector. Turquoise Hill Resources Ltd. is a Canada-based mineral exploration and development company operating in the non-metallic minerals mining support activities market.

Major companies operating in the nonmetallic minerals mining support activities market report are Ferrit Ltd., ABB Ltd., DCS Techno Services Pvt. Ltd., EKpass Mining Consultants Corp., American Mining Services LLC, Filsinger Energy Partners Inc., Dynatec Mining Limited, RSC Geology Consultants Ltd., Altum Technologies Ltd., Boréalis AG, SNC-Lavalin Group Inc., NMDC Limited, Siby Mining Services Private Limited, Focus Mining Services, The Metallurgical Corporation of China Limited, Hochtief AG, PT United Tractors Tbk, Perenti Global Ltd., NRW Holdings Limited, The Weir Group plc, Major Drilling Group International Inc., Aveng Limited, Boart Longyear Ltd., Foraco International SA, CIMIC Group Limited, Downer Group, Sandvik AB, Caterpillar Inc., Komatsu Ltd., Hitachi Construction Machinery Co. Ltd., Atlas Copco AB, Joy Global Inc., Liebherr Group, Terex Corporation, Volvo Construction Equipment, Doosan Infracore Co. Ltd., Hyundai Heavy Industries Co. Ltd., J.C. Bamford Excavators Limited, Bell Equipment Company SA (Pty) Ltd.

Asia-Pacific was the largest region in the non-metallic minerals mining support activities market in 2023. Europe was the second-largest region in the non-metallic minerals mining support activities market. The regions covered in the nonmetallic minerals mining support activities market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the nonmetallic minerals mining support activities market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary types of non-metallic minerals in non-metallic mining support activities include cement and lime, ceramics, and glass. Cement and lime are materials that, when mixed with water or other liquids, contribute to the formation of a strong bond and provide weight to the mixture. They find diverse applications, including jewelry, construction, iron and ore, among others. Service providers in this sector include independent contractors and companies.

The non-metallic minerals mining support activities market research report is one of a series of new reports that provides non-metallic minerals mining support activities market statistics, including non-metallic minerals mining support activities industry global market size, regional shares, competitors with a non-metallic minerals mining support activities market share, detailed non-metallic minerals mining support activities market segments, market trends, and opportunities, and any further data you may need to thrive in the non-metallic minerals mining support activities industry. The non-metallic minerals mining support activities market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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