The mineral products manufacturing market consists of sales of mineral products by entities (organizations, sole traders and partnerships) that offer products such as bricks, refractories, ceramic products, and glass and glass products, such as plate glass and containers. This market also includes cement and concrete products, lime, gypsum and other non-metallic mineral products including abrasive products, ceramic plumbing fixtures, statuary, cut stone products, and mineral wool.
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Mineral Products Market Size
The mineral products market is expected to reach a value of nearly $156 trillion by 2022, significantly growing at a growth rate of about 11% during the forecast period. The growth in the mineral products market is due to rapid growth in the construction industry in emerging markets resulting in increased demand for limestone, glass, and cement.
However, the market for mineral products is expected to face certain restraints from several factors such as interest rate increases, workforce issues.
Advanced ceramics in the aerospace and aeronautic industries, hollow clay bricks for the construction industry and collaborations and partnerships to reduce carbon emissions are the major trends witnessed in the global mineral products market. With an increase in investments in infrastructure and smart city projects, thereby boosting the demand for limestone and cement coupled with a rise in demand for refractory products used in downstream manufacturing and energy production industries, the scope and potential for the global mineral products market is expected to significantly rise in the forecast period.
Major players in the global mineral products market include Lafargeholcim Ltd, CRH Plc, CEMEX, HeidelbergCement, Saint-Gobain, 3M, Asahi Glass, Corning, and Anhui Conch.
LafargeHolcim Ltd is a Swiss multinational company that manufactures building materials. It has a presence in around 80 countries and employs around 80,000 employees. LafargeHolcim operates four business segments: Cement, Aggregates and Ready-Mix Concrete as well as Solutions & Products, which includes precast concrete, asphalt, mortar, and building solutions.
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Few Points from Table of Contents:
5. Mineral Products Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Mineral Products Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Mineral Products Market Trends And Strategies
8. Mineral Products Market Size And Growth
8.1. Market Size
8.2. Historic Market Growth, Value ($ Billion)
8.2.1. Drivers Of The Market
8.2.2. Restraints On The Market
8.3. Forecast Market Growth, Value ($ Billion)
8.3.1. Drivers Of The Market
8.3.2. Restraints On The Market
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