16 January 2019:
The Global
Mining Metals Market is expected to grow at a significant CAGR
in the upcoming years as the scope and its applications are increasing across
the globe. The factors that propel the growth of the Mining Metals Industry
include increasing demand, rapid urbanization & industrialization, wide
range of applications and product development & technological innovations.
On the other hand, there are also factors that may hamper
the growth of the market such as economic slowdown. Mining Metals Market is
classified on the basis of product type, applications, distribution channel and
geography. This industry is segmented by product type as non-ferrous metal,
ferrous metal, noble metal and others. Mining Metals Market is classified on
applications as construction, chemical industry, manufacturing, medical, and
others. The market is segmented by distribution channel as online stores,
specialty stores and others.
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Mining Metals Market is classified on the basis of geography
as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific,
Japan and Middle East and Africa. The North American region consists of the
U.S., and Canada. Latin America region consists of Mexico and Brazil. The
Western European region consists of Germany, Italy, France, England and Spain.
The Eastern European region consists of Poland and Russia. Asia Pacific region
consists of China, India, ASEAN, and Australia & New Zealand. The Middle
East and African region consists of GCC, South Africa and North Africa.
By geography, Asia Pacific is projected to show significant
growth rates in the Mining Metals Industry. Some of the key players that fuel
the growth of the Mining Metals Market include ArcelorMittal, BaRRIAKGlod, BHP
Billiton, Codelco, China Shenhua Energy, Grupo Mexico, Goldcorp, Glencore
Xstrata, Magnitogorsk, Mitsul, Norilsk Nickel, Newmont, Rio Noble Metalto,
Southern Ferrous Metal, Southern Copper Corporation (SCC), Ternium, Vale, and
others. The key players are focusing on inorganic growth to sustain themselves
amidst fierce competition. As such, mergers, acquisitions, and joint ventures
are the need of the hour.
Applications of
Mining Metals Market:-
• Construction
• Chemical Industry
• Manufacturing
• Medical
• Other
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