The Global Mineral Products Market Is Valued At Nearly $3 Trillion In 2017 According To TBRC’s Latest Report

The top five companies covered are Lafargeholcim Ltd, CRH Plc, CEMEX, HeidelbergCement and Saint-Gobain. Lafargeholcim Ltd was the largest company in the mineral products manufacturing market.

The mineral product manufacturing industry includes establishments offering products such as bricks, refractories, ceramic products, and glass and glass products, such as plate glass and containers. This industry also includes cement and concrete products, lime, gypsum and other nonmetallic mineral products including abrasive products, ceramic plumbing fixtures, statuary, cut stone products, and mineral wool.

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The market is valued at nearly $3 trillion in 2017 due to an increase in investments in infrastructure and smart city projects, thereby boosting the demand for limestone and cement coupled with rise in demand for refractory products used in downstream manufacturing and energy production industries.

In the report, the mineral product global market is divided into five segments. The first three segments namely cement & concrete, glass and other non-metallic product manufacturing occupy more than  four-fifth of the market share. The remaining two segments- clay product & refractory, lime & gypsum product manufacturing occupy one-fifth of the market share.

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China was the largest country in the mineral products market in 2017, accounting for nearly two-fifth of the market. China is the world’s largest consumer for limestone and cement. This is mainly due to the presence of large manufacturing and telecommunication companies in the country, coupled with the large population, and high demand for building and construction. The USA and Japan followed China as the next largest countries in the market.

The top five competitors in the market made up 3% of the total market share in 2017. Lafargeholcim Ltd was the largest competitor, followed by CRH Plc, Cemex SAB de CV, HeidelbergCement AG and Compagnie de Saint-Gobain S.A. Lafargeholcim Ltd owns 87 cement & grinding plants, 69 aggregates plants, and 317 ready-mix concrete plants across the globe. It was established in 201,  following the merger of Lafarge and Holcim and as of 31st December, 2016, has employed approximately 100,000 people across 80 countries.

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