17 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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