Transparency Market Research has published a new report "Mining Metals Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024" to its report store.
Albany, NY -- (SBWIRE) -- 09/09/2016 -- The growing economy in various nations is leading to a surge in investments in the infrastructure sector, which in turn is leading to a high demand for mining metals, states a new report by Transparency Market Research (TMR). The report is titled, 'Mining Metals Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2024.' The report comprises market dynamics including drivers, restrains, opportunities, and trends. The value chain analysis of the global mining metals market has also been discussed, in addition to the competitive landscape. The vendor landscape section talks about aspects such as market positioning of key players in 2015 and competitive strategies implemented by players. Key segments of the global mining metals market have also been studied in detail.
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The equipment manufacturing industry is expected to be a key consumer of metals such as iron and copper, thus driving the market. Metals such as nickel, copper, lead, zinc, tin, aluminum, and cobalt are highly in demand across industries, thus driving the global mining metals market. Gold, platinum, silver, and palladium are precious mining metals that are highly in demand from the jewelry manufacturing market. Investors across the globe are investing in iron ore, copper, and nickel mining, as these are premium metals, which are expected to have a high demand in various industrial applications in the future.
Mining companies are discovering the benefits of vertical integration, which helps them control the entire value chain in the market. TMR analysts have observed that players have been focusing on every phase, right from the mining phase to the production phase to gain control over the value chain. However, analysts recommend that players control commodity and operational costs to successfully control the value chain.
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The mining metals market has been facing several drawbacks. The growth of the global mining metals market is highly dependent on the economic growth of a country. For instance, the ongoing economic slowdown in China has led to a reduction in the price of mining metals. Low demand and oversupply of mining metals lead to a drop in their cost, having a negative impact on the growth of the market. Other challenges faced by players include implementation of taxes and rising labor costs.
On the basis of geography, the market is segmented into Asia Pacific, Europe, North America, and the Rest of the World. Of these, Asia Pacific is a major market for mining metals owing to a rise in the demand from nations such as Australia, India, China, and Indonesia. The rapid growth of the economy in these nations and rising infrastructure development have led to favorable conditions for the mining metals market in Asia Pacific. Additionally, China is a key importer of copper and this has also favored the APAC mining metals market.
Key companies profiled in the report are BHP Billiton, Rio Tinto, China Shenhua Energy, Glencore Xstrata, and Vale.
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