Mineral & Phosphate Mining in the US
The Mineral and Phosphate Mining industry mines and processes a range of minerals used in the production of fertilizers, chemicals and downstream manufacturing applications (e.g. glass, plastics and pharmaceuticals). The United States ranks among the leading producers of many of these minerals and is expected to maintain this position over the five years to 2023. Demand for most nonmetallic minerals fell over the past five years as a result of decreasing downstream demand for industry products, particularly in the second half of the five-year period. Declining farm incomes led to lower fertilizer sales. This, in turn, decreased production and prices for industry commodities such as phosphate and potash. Over the five years to 2023, growth in the overall US economy is expected to support industry growth. This is particularly true for this industry because of its ties to general consumer spending on food and manufactured goods.
Operators in this industry primarily mine, mill and beneficiate nonmetallic minerals. Principal industry products and activities are potash and soda, as well as borate mineral mining, phosphate rock mining, mining other chemicals and mineral fertilizers (e.g. rock salt, native sulfur and barite) and other nonmetallic mineral mining (e.g. diatomite, gypsum, mica, pumice and talc).
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook