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(MoneyNewsWire.Net, July 19, 2018 ) 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 reason for substantial growth of the market from $2.5 trillion in 2017 to $3.5 trillion by 2021 is 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. Asia Pacific was the largest region in the mineral products market in 2017, accounting for 66% of the market
In the report, the mineral product global market is divided into five segments. The first three segments namely concrete, glass and other non-metallic product manufacturing occupy nearly four-fifth of the market share. The remaining two segments- clay and gypsum product manufacturing occupy one-fifth of the market share.
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The top five competitors in the market made up 3.2% 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 2015 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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