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Tuesday, 23 February 2016

Base Metal Mining Market is Anticipated to Expand at 5.01% CAGR from 2015 to 2023

This research study analyzes the market for base metal mining in terms of volume (million metric tonnes). The market has been segmented on the basis of type and region. The global base metal mining market has been segmented into five regions: North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America. For the research, 2014 has been taken as the base year, while all forecasts have been given for the period from 2015 to 2023. Market data for all the metal types has been provided at the regional as well as country-specific level from 2015 to 2023. The report provides a broad competitive analysis of companies engaged in the base metal mining business. The report also includes the key market dynamics such as drivers, restraints, and opportunities affecting the global base metal mining market. These market dynamics were analyzed in detail and are illustrated in the report with the help of supporting graphs and tables. The report also provides a comprehensive analysis of the global base metal mining market with the help of Porter’s Five Forces model. This analysis helps in understanding the five major forces that affect the market structure and market profitability. The forces analyzed are bargaining power of buyers, bargaining power of suppliers, threat of new entrants, threat of substitutes, and degree of competition.

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The high-level analysis in the report provides detailed insights into the base metal mining business globally. There are currently numerous drivers of the market. One of the most prominent drivers is the rise in infrastructure development. Market attractiveness analysis was carried out for the base metal mining market on the basis of geography. Market attractiveness was estimated on the basis of common parameters that directly impact the market in different regions.

The base metal mining market was segmented on the basis of type into copper, nickel, zinc-lead, aluminum, and tin. Base metals vary according to physical properties and applications.

Aluminum held the significant market share in 2014 on account of its wide applications in various areas such as packaging, transportation, construction, consumer durables, machinery equipment, electrical systems, etc. Zinc is another most widely consumed base metal in the world due to its various physical properties such as galvanizing properties and capability of bonding with various metals. Zinc has been growing due to its anti-corrosion property which helps prevent corrosion in metals. Corrosion is a major hindrance to the base metal applications. Lead is primarily used in portable batteries, which are used in vehicles and emergency systems. Expanding portable batteries market, is driving the demand for lead. Demand for copper is projected to grow with increase in population as it would require expanding power infrastructure which is copper-intensive. Copper market would be boosted by the increase in number of infrastructure facilities such as buildings and complexes.more....

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