Base Metal Mining Market Share, Size, Trends, Industry Analysis Report, By Product (Aluminum, Copper, Zinc, Lead, Nickel, Zinc, Tin, Tungsten); By End-Use; By Region; Segment Forecast, 2023 - 2032

Base Metal Mining Market Share, Size, Trends, Industry Analysis Report, By Product (Aluminum, Copper, Zinc, Lead, Nickel, Zinc, Tin, Tungsten); By End-Use; By Region; Segment Forecast, 2023 - 2032



The global base metal mining market size is expected to reach USD 782.18 billion by 2032, according to a new study by Polaris Market Research. The report “Base Metal Mining Market Share, Size, Trends, Industry Analysis Report, By Product (Aluminum, Copper, Zinc, Lead, Nickel, Zinc, Tin, Tungsten); By End-Use; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Base metal consumption is expected to increase due to the electrical & electronics and automotive industries. Base metals are often used in the manufacturing of electrical and electronic components. For instance, copper has the finest electrical conductivity of all the metals, second only to silver. Copper is the perfect material for use in a range of electrical and electronic applications because of its resistance to corrosion and great thermal conductivity. Thus, it is projected that rising demand for electrical and electronic goods will boost product demand during the forecast period.

As a result of enhanced government efforts to revive the construction and infrastructure industry, it is predicted that consumer spending will increase during the projection year. For instance, in July 2022, the Chinese government announced that it will create a CNY 500 billion (US$ 74.69 billion) national infrastructure investment fund in order to increase infrastructure spending and so stimulate the economy.

China is a major producer and user of basic metals worldwide. The country is home to a variety of producers and end consumers, electronics production is on the rise, construction activity is escalating, and the use of electric vehicles (EVs) is spreading across the country. The market's growth is a result of these and other factors.

In March 2020, the coronavirus outbreak's impacts first started to show. Many standalone enterprises lost between 40 and 50 percent of their market value, while the mining and metals sector's average share price dropped by roughly 10%. From a low level in March 2020 to a high level in April 2020, COVID-19's impact grew quickly. The major companies in the sector, including BHP Billiton, Rio Tinto, and Anglo American, have all reportedly had partial shutdowns as a result. The sector has thus far almost experienced a production loss of more than 30%.

Base Metal Mining Market Report Highlights

The copper segment had the biggest revenue share in 2022. According to the USGS, there are 880 million tons worth of copper deposits worldwide. In the following years, it is anticipated that demand from the infrastructure and automotive industries will increase copper use all over the world.

Construction led the world market. Base metals are often used in applications connected to architecture, interior design, and building & construction. Base metal demand is expected to rise throughout the projected period as a result of increased investments in the creation of smart cities around the world.

In terms of revenue, Asia Pacific dominates the market in 2022. The dominance is attributable to the area's expanding investments in a number of end-use industries, including electrical & electronics, automotive, and construction. For instance, in August 2022, the administration of the state of Bengal approved five new industrial parks and 18 units costing INR 60 million (about $0.75 million).

Global market players include BHP, Freeport-McMoRan, Inc., Antofagasta Plc, Codelco, Zijin Mining Group Co., Ltd., Norilsk Nickel, Vale, Aurubis, Glencore, and Anglo American are a few of the prominent companies active in the international market.

Polaris Market Research has segmented the base metal mining market report based on product, end-use, and region:

Base Metal Mining, Product Outlook (Revenue - USD Billion, 2019 - 2032)

Aluminum

Copper

Lead

Nickel

Zinc

Tin

Tungsten

Base Metal Mining, End Use (Revenue - USD Billion, 2019 - 2032)

Construction

Automotive

Electrical & Electronics

Consumer Goods

Others

Base Metal Mining, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

North America

U.S.

Canada

Europe

Germany

UK

France

Italy

Spain

Russia

Netherlands

Asia Pacific

China

India

Japan

South Korea

Indonesia

Malaysia

Latin America

Argentina

Brazil

Mexico

Middle East & Africa

UAE

Saudi Arabia

Israel

South Africa


1. Introduction
1.1. Report Description
1.1.1. Objectives of the Study
1.1.2. Market Scope
1.1.3. Assumptions
1.2. Stakeholders
2. Executive Summary
2.1. Market Highlights
3. Research Methodology
3.1. Overview
3.1.1. Data Mining
3.2. Data Sources
3.2.1. Primary Sources
3.2.2. Secondary Sources
4. Global Base Metal Mining Market Insights
4.1. Base Metal Mining Market – Industry Snapshot
4.2. Base Metal Mining Market Dynamics
4.2.1. Drivers and Opportunities
4.2.1.1. Rise in number of industrial infrastructure projects in developing countries
4.2.1.2. Increase in residential construction activities globally
4.2.2. Restraints and Challenges
4.2.2.1. Fluctuating prices of raw materials
4.3. Porter’s Five Forces Analysis
4.3.1. Bargaining Power of Suppliers (Moderate)
4.3.2. Threats of New Entrants: (Low)
4.3.3. Bargaining Power of Buyers (Moderate)
4.3.4. Threat of Substitute (Moderate)
4.3.5. Rivalry among existing firms (High)
4.4. PESTLE Analysis
4.5. Base Metal Mining Industry trends
4.6. Value Chain Analysis
4.7. COVID-19 Impact Analysis
5. Global Base Metal Mining Market, by Product
5.1. Key Findings
5.2. Introduction
5.2.1. Global Base Metal Mining, by Product, 2019-2032 (USD Billion)
5.3. Aluminium
5.3.1. Global Base Metal Mining Market, by Aluminium, by Region, 2019-2032 (USD Billion)
5.4. Copper
5.4.1. Global Base Metal Mining Market, by Copper, by Region, 2019-2032 (USD Billion)
5.5. Lead
5.5.1. Global Base Metal Mining Market, by Lead, by Region, 2019-2032 (USD Billion)
5.6. Nickel
5.6.1. Global Base Metal Mining Market, by Nickel, by Region, 2019-2032 (USD Billion)
5.7. Zinc
5.7.1. Global Base Metal Mining Market, by Zinc, by Region, 2019-2032 (USD Billion)
5.8. Tin
5.8.1. Global Base Metal Mining Market, by Tin, by Region, 2019-2032 (USD Billion)
5.9. Tungsten
5.9.1. Global Base Metal Mining Market, by Tungsten, by Region, 2019-2032 (USD Billion)
6. Global Base Metal Mining Market, by End-Use
6.1. Key Findings
6.2. Introduction
6.2.1. Global Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
6.3. Construction
6.3.1. Global Base Metal Mining Market, by Construction, by Region, 2019-2032 (USD Billion)
6.4. Automotive
6.4.1. Global Base Metal Mining Market, by Automotive, by Region, 2019-2032 (USD Billion)
6.5. Electrical & Electronics
6.5.1. Global Base Metal Mining Market, by Electrical & Electronics, by Region, 2019-2032 (USD Billion)
6.6. Consumer Goods
6.6.1. Global Base Metal Mining Market, by Consumer Goods, by Region, 2019-2032 (USD Billion)
6.7. Others
6.7.1. Global Base Metal Mining Market, by Others, by Region, 2019-2032 (USD Billion)
7. Global Base Metal Mining Market, by Geography
7.1. Key findings
7.2. Introduction
7.2.1. Base Metal Mining Market Assessment, By Geography, 2019-2032 (USD Billion)
7.3. Base Metal Mining Market – North America
7.3.1. North America: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
7.3.2. North America: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
7.3.3. Base Metal Mining Market – U.S.
7.3.3.1. U.S.: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
7.3.3.2. U.S.: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
7.3.4. Base Metal Mining Market – Canada
7.3.4.1. Canada: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
7.3.4.2. Canada: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
7.4. Base Metal Mining Market – Europe
7.4.1. Europe: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
7.4.2. Europe: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
7.4.3. Base Metal Mining Market – UK
7.4.3.1. UK: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
7.4.3.2. UK: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
7.4.4. Base Metal Mining Market – France
7.4.4.1. France: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
7.4.4.2. France: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
7.4.5. Base Metal Mining Market – Germany
7.4.5.1. Germany: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
7.4.5.2. Germany: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
7.4.6. Base Metal Mining Market – Italy
7.4.6.1. Italy: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
7.4.6.2. Italy: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
7.4.7. Base Metal Mining Market – Spain
7.4.7.1. Spain: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
7.4.7.2. Spain: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
7.4.8. Base Metal Mining Market – Netherlands
7.4.8.1. Netherlands: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
7.4.8.2. Netherlands: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
7.4.9. Base Metal Mining Market – Russia
7.4.9.1. Russia: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
7.4.9.2. Russia: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
7.5. Base Metal Mining Market – Asia Pacific
7.5.1. Asia Pacific: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
7.5.2. Asia Pacific: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
7.5.3. Base Metal Mining Market – China
7.5.3.1. China: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
7.5.3.2. China: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
7.5.4. Base Metal Mining Market – India
7.5.4.1. India: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
7.5.4.2. India: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
7.5.5. Base Metal Mining Market – Malaysia
7.5.5.1. Malaysia: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
7.5.5.2. Malaysia: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
7.5.6. Base Metal Mining Market – Japan
7.5.6.1. Japan: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
7.5.6.2. Japan: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
7.5.7. Base Metal Mining Market – Indonesia
7.5.7.1. Indonesia: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
7.5.7.2. Indonesia: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
7.5.8. Base Metal Mining Market – South Korea
7.5.8.1. South Korea: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
7.5.8.2. South Korea: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
7.6. Base Metal Mining Market – Middle East & Africa
7.6.1. Middle East & Africa: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
7.6.2. Middle East & Africa: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
7.6.3. Base Metal Mining Market – Saudi Arabia
7.6.3.1. Saudi Arabia: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
7.6.3.2. Saudi Arabia: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
7.6.4. Base Metal Mining Market – UAE
7.6.4.1. UAE: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
7.6.4.2. UAE: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
7.6.5. Base Metal Mining Market – Israel
7.6.5.1. Israel: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
7.6.5.2. Israel: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
7.6.6. Base Metal Mining Market – South Africa
7.6.6.1. South Africa: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
7.6.6.2. South Africa: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
7.7. Base Metal Mining Market – Latin America
7.7.1. Latin America: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
7.7.2. Latin America: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
7.7.3. Base Metal Mining Market – Mexico
7.7.3.1. Mexico: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
7.7.3.2. Mexico: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
7.7.4. Base Metal Mining Market – Brazil
7.7.4.1. Brazil: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
7.7.4.2. Brazil: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
7.7.5. Base Metal Mining Market – Argentina
7.7.5.1. Argentina: Base Metal Mining Market, by End-Use, 2019-2032 (USD Billion)
7.7.5.2. Argentina: Base Metal Mining Market, by Product, 2019-2032 (USD Billion)
8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisitions
8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
9.1. BHP
9.1.1. Company Overview
9.1.2. Financial Performance
9.1.3. Product Benchmarking
9.1.4. Recent Development
9.2. Freeport-McMoRan, Inc
9.2.1. Company Overview
9.2.2. Financial Performance
9.2.3. Product Benchmarking
9.2.4. Recent Development
9.3. Antofagasta Plc
9.3.1. Company Overview
9.3.2. Financial Performance
9.3.3. Product Benchmarking
9.3.4. Recent Development
9.4. Codelco
9.4.1. Company Overview
9.4.2. Financial Performance
9.4.3. Product Benchmarking
9.4.4. Recent Development
9.5. Zijin Mining Group Co., Ltd
9.5.1. Company Overview
9.5.2. Financial Performance
9.5.3. Product Benchmarking
9.5.4. Recent Development
9.6. Norilsk Nickel
9.6.1. Company Overview
9.6.2. Financial Performance
9.6.3. Product Benchmarking
9.6.4. Recent Development
9.7. Vale
9.7.1. Company Overview
9.7.2. Financial Performance
9.7.3. Product Benchmarking
9.7.4. Recent Development
9.8. Aurubis
9.8.1. Company Overview
9.8.2. Financial Performance
9.8.3. Product Benchmarking
9.8.4. Recent Development
9.9. Glencore
9.9.1. Company Overview
9.9.2. Financial Performance
9.9.3. Product Benchmarking
9.9.4. Recent Development
9.10. Anglo American
9.10.1. Company Overview
9.10.2. Financial Performance
9.10.3. Product Benchmarking
9.10.4. Recent Development

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