Strategic Mineral Materials Market Size (2024 - 2029)

The strategic mineral materials market is anticipated to grow steadily over the forecast period, driven by rising demand from sectors such as electrical and electronics, automotive, aerospace, and construction. However, challenges such as the lingering effects of the COVID-19 pandemic and environmental concerns related to mining activities may impede this growth. The expanding application base for strategic minerals presents future opportunities. The Asia-Pacific region leads in market consumption, with significant contributions from countries like China, India, South Korea, and Japan.

Market Size of Strategic Mineral Materials Industry

Strategic Mineral Materials Market Forecast
Study Period 2019 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
CAGR 5.00 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific

Major Players

Strategic Mineral Materials Market Key Players

*Disclaimer: Major Players sorted in no particular order

Strategic Mineral Materials Market Analysis

The market for strategic mineral materials is expected to witness a CAGR of around 5% during the forecast period. Growing demand for different strategic minerals from various end-user industries such as eletrical and electronics, automotive, aerospace, and construction, among others is likely to drive the market growth.

  • On the flipside, the impact of COVID-19 pandemic and increasing environmental concerns regarding mining operations is expected to hinder the growth of the market.
  • Increasing application base for various strategic minerals is projected to act as an opportunity in the future.
  • Asia-Pacific dominated the market with the largest consumption coming from China, followed by India, South Korea, and Japan.

Strategic Mineral Materials Industry Segmentation

The strategic mineral materials market report includes:

Mineral
Antimony
Flame Retardants
Batteries
Ceramics and Glass
Catalyst
Alloys
Barite
Oil and Gas
Other Applications (paints, chemical manufacturing and others)
Beryllium
Electronics
Aerospace
Automotive
Energy
Other Applications
Cobalt
Batteries
Superalloys
Cemented Carbides and Diamond Tools
Catalysts
Other Applications
Fluorspar
Chemicals
Steel
Aluminum
Cement
Other Applications
Gallium
Integrated Circuits
Laser diodes
Photodetectors
Solar Cells
Other Applications
Germanium
Fiber Optics
Infrared Optics
Catalyst
Electrical and Solar Equipment
Other Applications
Indium
Flat-Panel Display Screens and Touchscreens
Low Melting Alloys and Solders
Semiconductors
Transparent Heat Reflectors
Other Applications
Manganese
Casting Alloys
Packaging
Transportation
Construction
Other Applications
Niobium
Steel
Super Alloys
Superconducting Magnets
Capacitors
Glass
Other Applications
Platinum Group Elements
Autocatalyst
Jewelry
Electrical & Electronics
Chemical
Other Applications
Rare Earth Elements
Catalyst
Batteries
Magnetic Alloys
Metallurgy
Other Applications
Tantalum
Electronics
Medical
Aerospace
Automotive
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
ASEAN Countries
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Spain
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa
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Strategic Mineral Materials Market Size Summary

The strategic mineral materials market is poised for steady growth, driven by increasing demand from diverse sectors such as electronics, automotive, aerospace, and construction. The market's expansion is supported by the growing application of minerals like niobium, which plays a crucial role in enhancing the properties of steel, particularly in high-strength and low-alloy (HSLA) applications. This demand is particularly pronounced in the Asia-Pacific region, where countries like China, India, South Korea, and Japan are leading consumers due to their burgeoning industries. Despite the positive outlook, challenges such as the lingering effects of the COVID-19 pandemic and environmental concerns related to mining activities pose potential hurdles to market growth.

The Asia-Pacific region remains a dominant force in the global strategic mineral materials market, with significant consumption driven by the rapid development of the electrical and electronics industry, alongside the aerospace sector's increasing demand for innovative manufacturing solutions. The market is characterized by its fragmented nature, with numerous players such as Intercontinental Mining, Vale, Anglo American plc, Glencore, CBMM, and Materion Corporation actively participating. These companies are pivotal in meeting the rising demand for strategic minerals, which are essential for various high-tech and industrial applications. As the market evolves, the strategic mineral materials sector is expected to continue its upward trajectory, leveraging opportunities presented by expanding application bases and technological advancements.

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Strategic Mineral Materials Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Growing Demand from Various End-user Industries

      2. 1.1.2 Other Drivers

    2. 1.2 Restraints

      1. 1.2.1 Impact of COVID-19 Pandemic

      2. 1.2.2 Growing Environmental Concerns over Mining Operations

    3. 1.3 Industry Value-chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Consumers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION

    1. 2.1 Mineral

      1. 2.1.1 Antimony

        1. 2.1.1.1 Flame Retardants

        2. 2.1.1.2 Batteries

        3. 2.1.1.3 Ceramics and Glass

        4. 2.1.1.4 Catalyst

        5. 2.1.1.5 Alloys

      2. 2.1.2 Barite

        1. 2.1.2.1 Oil and Gas

        2. 2.1.2.2 Other Applications (paints, chemical manufacturing and others)

      3. 2.1.3 Beryllium

        1. 2.1.3.1 Electronics

        2. 2.1.3.2 Aerospace

        3. 2.1.3.3 Automotive

        4. 2.1.3.4 Energy

        5. 2.1.3.5 Other Applications

      4. 2.1.4 Cobalt

        1. 2.1.4.1 Batteries

        2. 2.1.4.2 Superalloys

        3. 2.1.4.3 Cemented Carbides and Diamond Tools

        4. 2.1.4.4 Catalysts

        5. 2.1.4.5 Other Applications

      5. 2.1.5 Fluorspar

        1. 2.1.5.1 Chemicals

        2. 2.1.5.2 Steel

        3. 2.1.5.3 Aluminum

        4. 2.1.5.4 Cement

        5. 2.1.5.5 Other Applications

      6. 2.1.6 Gallium

        1. 2.1.6.1 Integrated Circuits

        2. 2.1.6.2 Laser diodes

        3. 2.1.6.3 Photodetectors

        4. 2.1.6.4 Solar Cells

        5. 2.1.6.5 Other Applications

      7. 2.1.7 Germanium

        1. 2.1.7.1 Fiber Optics

        2. 2.1.7.2 Infrared Optics

        3. 2.1.7.3 Catalyst

        4. 2.1.7.4 Electrical and Solar Equipment

        5. 2.1.7.5 Other Applications

      8. 2.1.8 Indium

        1. 2.1.8.1 Flat-Panel Display Screens and Touchscreens

        2. 2.1.8.2 Low Melting Alloys and Solders

        3. 2.1.8.3 Semiconductors

        4. 2.1.8.4 Transparent Heat Reflectors

        5. 2.1.8.5 Other Applications

      9. 2.1.9 Manganese

        1. 2.1.9.1 Casting Alloys

        2. 2.1.9.2 Packaging

        3. 2.1.9.3 Transportation

        4. 2.1.9.4 Construction

        5. 2.1.9.5 Other Applications

      10. 2.1.10 Niobium

        1. 2.1.10.1 Steel

        2. 2.1.10.2 Super Alloys

        3. 2.1.10.3 Superconducting Magnets

        4. 2.1.10.4 Capacitors

        5. 2.1.10.5 Glass

        6. 2.1.10.6 Other Applications

      11. 2.1.11 Platinum Group Elements

        1. 2.1.11.1 Autocatalyst

        2. 2.1.11.2 Jewelry

        3. 2.1.11.3 Electrical & Electronics

        4. 2.1.11.4 Chemical

        5. 2.1.11.5 Other Applications

      12. 2.1.12 Rare Earth Elements

        1. 2.1.12.1 Catalyst

        2. 2.1.12.2 Batteries

        3. 2.1.12.3 Magnetic Alloys

        4. 2.1.12.4 Metallurgy

        5. 2.1.12.5 Other Applications

      13. 2.1.13 Tantalum

        1. 2.1.13.1 Electronics

        2. 2.1.13.2 Medical

        3. 2.1.13.3 Aerospace

        4. 2.1.13.4 Automotive

        5. 2.1.13.5 Other Applications

    2. 2.2 Geography

      1. 2.2.1 Asia-Pacific

        1. 2.2.1.1 China

        2. 2.2.1.2 India

        3. 2.2.1.3 Japan

        4. 2.2.1.4 South Korea

        5. 2.2.1.5 ASEAN Countries

        6. 2.2.1.6 Rest of Asia-Pacific

      2. 2.2.2 North America

        1. 2.2.2.1 United States

        2. 2.2.2.2 Canada

        3. 2.2.2.3 Mexico

      3. 2.2.3 Europe

        1. 2.2.3.1 Germany

        2. 2.2.3.2 United Kingdom

        3. 2.2.3.3 Italy

        4. 2.2.3.4 France

        5. 2.2.3.5 Spain

        6. 2.2.3.6 Rest of Europe

      4. 2.2.4 South America

        1. 2.2.4.1 Brazil

        2. 2.2.4.2 Argentina

        3. 2.2.4.3 Rest of South America

      5. 2.2.5 Middle-East and Africa

        1. 2.2.5.1 Saudi Arabia

        2. 2.2.5.2 South Africa

        3. 2.2.5.3 Rest of Middle-East and Africa

Strategic Mineral Materials Market Size FAQs

The Strategic Mineral Materials Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

Anglo American plc, Glencore, Intercontinental Mining, Materion Corporation and Vale are the major companies operating in the Strategic Mineral Materials Market.

Strategic Mineral Materials Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)