The Business Research Company’s latest report Mining Global Market Report 2020 covers Mining market drivers, Mining market trends, Mining market segments, Mining market growth rate, Mining market major players, and Mining market size. The report provides in-depth analysis of the impact of COVID-19 on the Mining industry, along with revised market numbers due to the effects of the coronavirus.
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Mining Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global mining market is expected to decline from $1924 billion in 2019 to $1661.6 billion in 2020 at a compound annual growth rate (CAGR) of -13.7%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 8% from 2021 and reach $2032.4 billion in 2023.
The mining market is segmented by type - support activities for mining, general mineral mining, stone mining and quarrying, copper, nickel, lead, and zinc mining, metal ore mining, coal, lignite, and anthracite mining. Subsegments covered are support activities for coal mining, support activities for metal mining, support activities for nonmetallic minerals mining, others - general mineral mining, potash mining, salt mining, magnesite mining, sulfur mining, kaolin mining, asbestos mining, feldspar mining, boron mining, gypsum mining, talc mining, graphite mining, baryte mining, bentonite mining, diatomite mining, lithium mining, selenium mining, perlite mining, vermiculite mining, arsenic mining, diamond mining, dimension stone mining, crushed stone mining, copper mining, zinc mining, lead mining, nickel mining, gold ore mining, iron ore mining, all other metal ore mining, silver ore mining, uranium ore mining, vanadium ore mining, coal mining, lignite mining, anthracite mining.
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