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Global Base Metal Mining Market Size, Trends, Analysis: By Product: Aluminium, Copper, Lead, Nickel, Zinc, Others; By Application: Construction, Automotive, Electrical and Electronics, Consumer Products, Others; Regional Analysis; Market Dynamics: SWOT Analysis, Porter’s Five Forces Analysis; Competitive Landscape; 2024-2032
Global Base Metal Mining Market Outlook
The global market for base metal mining attained a value of about USD 380.20 billion in 2023. The industry is further expected to increase in the forecast period of 2024-2032 at a CAGR of about 4% owing to the growing demand for construction, electronics, and automotive base.
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Asia Pacific to be a Significant Regional Market for Base Metal Mining
Asia Pacific is expected to dominate the base metal mining market during the forecast period. The abundant availability of raw materials is one of the major factors fostering market growth in this region. Growth and expansion of various end-user verticals such as buildings and the construction industry in the region owing to rapid infrastructural development will likely drive the market growth rate. A capacity increase in the electronics segment will also drive market growth. The region has provided significant potential opportunities for the market in recent years, owing to the rapid pace of industrialisation and urbanisation. The stabilisation of economies and rising disposable incomes in developing countries such as India and China have raised the demand for new construction projects and infrastructure development operations. Furthermore, the region is progressing in industries such as transportation, manufacturing, and industrial equipment, all of which are key consumers of base metals. All these factors are anticipated to propel the growth of the market in the coming years.
Market Segmentations
Base metals are simply copper, aluminium, zinc, nickel, and others. Base metals are less expensive metals that are more common than precious metals. Thus, base metal mining is the extraction and exploration of base metals.
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The products can be divided into:
- Aluminium
- Copper
- Lead
- Nickel
- Zinc
- Others
The market can be broadly categorised on the basis of its applications into:
- Construction
- Automotive
- Electrical and Electronics
- Consumer Products
- Others
The regional markets for the base metal mining market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
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Increasing Demand from Construction, Electrical and Electronics, and Automotive Sector Augmenting the Market Growth
The key driver of the global base metal mining market is the rising demand for base metals from the construction, electrical and electronics, and automotive sectors. Residential and non-residential construction development is planned to fuel the demand for aluminium and copper products in the Southeast Asia and other developing countries. Also, the production of electric vehicles and other commercial vehicles is expected to contribute to the market growth. Rising industrialisation coupled with increasing demand for copper worldwide will also positively impact the growth rate of the market. Further, the rising focus of the government on pro-mining policies, coupled with an increase in disposable income, are some other base metal mining market growth determinants. In addition, the growth of the electronics and electrical segment is a key market driver. Metals such as zinc, copper, aluminium, and lead find wide application in the electrical and electronics industry. Demand from sectors such as electronic utilities, consumer electronics, and general electronics has risen over the last decade, propelling the global market growth.
Key Players in the Global Market for Base Metal Mining
The report gives a detailed analysis of the following key players in the global base metal mining market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Freeport-McMoRan, Inc.
- Antofagasta plc
- Zijin Mining Group Co., Ltd.
- Nornickel
- Glencore plc
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Base Metal Mining Market Analysis
8.1 Key Industry Highlights
8.2 Global Base Metal Mining Historical Market (2018-2023)
8.3 Global Base Metal Mining Market Forecast (2024-2032)
8.4 Global Base Metal Mining Market by Product
8.4.1 Aluminium
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Copper
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Lead
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Nickel
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Zinc
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Base Metal Mining Market by Application
8.5.1 Construction
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Automotive
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Electrical and Electronics
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Consumer Products
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Base Metal Mining Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2023)
8.6.5.2 Forecast Trend (2024-2032)
9 North America Base Metal Mining Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Base Metal Mining Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Base Metal Mining Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Base Metal Mining Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Base Metal Mining Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Freeport-McMoRan, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Antofagasta plc
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Zijin Mining Group Co., Ltd.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Nornickel
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Glencore plc
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Base Metal Mining Market: Key Industry Highlights, 2018 and 2032
2. Global Base Metal Mining Historical Market: Breakup by Product (USD Million), 2018-2023
3. Global Base Metal Mining Market Forecast: Breakup by Product (USD Million), 2024-2032
4. Global Base Metal Mining Historical Market: Breakup by Application (USD Million), 2018-2023
5. Global Base Metal Mining Market Forecast: Breakup by Application (USD Million), 2024-2032
6. Global Base Metal Mining Historical Market: Breakup by Region (USD Million), 2018-2023
7. Global Base Metal Mining Market Forecast: Breakup by Region (USD Million), 2024-2032
8. North America Base Metal Mining Historical Market: Breakup by Country (USD Million), 2018-2023
9. North America Base Metal Mining Market Forecast: Breakup by Country (USD Million), 2024-2032
10. Europe Base Metal Mining Historical Market: Breakup by Country (USD Million), 2018-2023
11. Europe Base Metal Mining Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Asia Pacific Base Metal Mining Historical Market: Breakup by Country (USD Million), 2018-2023
13. Asia Pacific Base Metal Mining Market Forecast: Breakup by Country (USD Million), 2024-2032
14. Latin America Base Metal Mining Historical Market: Breakup by Country (USD Million), 2018-2023
15. Latin America Base Metal Mining Market Forecast: Breakup by Country (USD Million), 2024-2032
16. Middle East and Africa Base Metal Mining Historical Market: Breakup by Country (USD Million), 2018-2023
17. Middle East and Africa Base Metal Mining Market Forecast: Breakup by Country (USD Million), 2024-2032
18. Global Base Metal Mining Market Structure
Key Questions Answered in the Report
In 2023, the global base metal mining market attained a value of nearly USD 380.20 billion.
The market is projected to grow at a CAGR of 4% between 2024 and 2032.
The major drivers of the market include the expansion of various end user verticals, surge in industrialisation, rising urbanisation, infrastructural development, increasing demand for copper, rising focus of the government on pro-mining policies and an increase in disposable income.
The growing demand for construction, electronics sectors, and the production of electric vehicles, and other commercial vehicles are the key industry trends propelling the market's growth.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The products include copper, silver, zinc, lead, nickel, and aluminium, tin, among others.
The major players in the industry are Freeport-McMoRan, Inc., Antofagasta plc, Zijin Mining Group Co., Ltd., Nornickel, and Glencore plc, among others.
Analyst Review
The global base metal mining market attained a value of nearly USD 380.20 billion in 2023, driven by the growing demand for construction, and electronics sectors. Aided by surge in industrialisation and the production of electric vehicles, and other commercial vehicles, the market is expected to witness further growth in the forecast period of 2024-2032, growing at a CAGR of 4%.
EMR's meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. The products include aluminium, copper, lead, nickel, and zinc, among others. The major applications of the market are construction, automotive, electrical and electronics, and consumer products, among others. The major regional markets for base metal mining market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The major players in the industry are Freeport-McMoRan, Inc., Antofagasta plc, Zijin Mining Group Co., Ltd., Nornickel, and Glencore plc, among others.
EMR's research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable and help them remain ahead of their competition.
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