The global mining equipment market is expected to reach US$125.7 billion in 2025, growing at a CAGR of 5%, during 2021-2025. Factors such as increasing coal consumption in China, rising copper production from underground, growing sales of mineral fertilizers, rising demand for cobalt batteries and increasing use of electric machinery in underground mining would drive the growth of the market. H ..
The European steel market is expected to reach US$107.5 billion in 2025, at a negative CAGR of 3.03%, for the duration spanning 2021-2025. The factors such as growth in automotive production, rising use of major home appliances, Upsurge in construction & heavy equipment sales, accelerating demand for finished steel products. and rapid urbanization would generate the market value. However, r ..
The global refined copper production is expected to reach 27.61 million tonnes in 2025, growing at a CAGR of 2.94%, for the time period 2021-2025. Factors such as rising copper annual capacity in renewable energy, growing use of copper in smart home appliances, expansion of construction industry, increasing manufacturing of electrical equipment and growth in scrap copper supply would drive the ..
The global silver demand is expected to reach 1,155 million ounces in 2025, growing at a CAGR of 2.98%, for the time period of 2021-2025. While the silver supply is likely to be recorded as 1,062 million ounces in 2025, increasing at a CAGR of 1.26%, during 2021-2025. The factors such as rising sales of jewellery & silverware, growing demand for solar photovoltaic, rising use of silver oxid ..
The global platinum group metals (PGM) supply is forecasted to reach 22.44 million ounces in 2024, growing at a CAGR of 6.8% for the period spanning 2020-2024.
The factors such as accelerating industrialization, rapid urbanization, increasing fuel cell demand and high adoption of platinum-based medicines are expected to drive the market. However, growth of the industry would be chal ..
The US graphene market is anticipated to reach US$59.01 million in 2024, escalating at a CAGR of 22% during the period spanning 2020-2024. The market experienced growth due to factors such as increasing air pollution in the US, surging nuclear electricity generation volume and rising clean water shortage. The growth in the US graphene market is also expected to be driven by the surging demand f ..
The global nickel production volume is estimated to reach 2.76 million tons in 2024, growing at a CAGR of 2.92% for the period spanning from 2020 to 2024. The factors such as increasing per capita disposable income, rising demand for stainless steel, increasing demand for nickel in batteries and high demand in transportation sector are expected to drive the market. However, growth of the indust ..
The global aluminum market is forecasted to reach US$176.96 billion in 2024, growing at a CAGR of 4.82% for the period spanning 2020-2024. The factors such as accelerating industrialization, rapid urbanization, increased flat-rolled aluminum products demand, high focus on recycled aluminum and expansion of primary aluminum smelter capacity are expected to drive the market. However, growth ..
The global PIMM market is expected to reach US$10.87 billion in 2024, at a CAGR of 2.60%, for the duration spanning 2020-2024. The factor such as growing production of motor vehicles, rising demand for plastic packaging, increase in polyethylene (PE) production capacity, rapid urbanization, accelerating manufacturing of electrical and electronic products and growing uses of plastic in medical i ..
The global steel production volume is estimated to reach 2175 million tonnes in 2024, growing at a CAGR of 4.50% for the period spanning from 2020 to 2024. The factors such as rising population growth, growing urban population, growing automobile sector, growing spending on construction and infrastructure projects and growing demand for long steel are expected to drive the market. However, grow ..