This market research report presents the segmentation of the Brazilian mining industry by minerals (aggregates, iron ore, bauxite, and phosphate concentrate) and by mines (micro, small, medium, and grand). The key vendors analyzed in this market analysis report are VALE, MMX Group EBX, Votorantim Metals, Alumar Consortium, and MRN.
Technavio has released updated information on the mining market, with the publication of its new market research report, Brazilian mining industry. The Brazilian mining industry is expected to grow at a CAGR of around 5% between 2015 and 2019. The increased demand for minerals globally is driving the growth of this market. Brazil is rich in mineral ores and is one of the chief exporters of minerals.
“The Brazilian mining industry is expecting modifications by government in the licensing regulations during the forecast period. Brazil has a very complex regulatory framework for the mining sector, and the mining vendors are predicting revision in approval policies of new mining licenses. For instance, the ordinance 504, issued in 2014, defines the minimum threshold for the classification of elements as mineral waters,” says Chandrakumar BJG , Lead Analyst, Chemicals & Materials, Technavio Research.
The aggregates segment dominated the market during 2014 with a market share of 54% and is anticipated to witness the fastest growth during the forecast period. The increased demand from the construction sector is driving the growth of this segment. For instance, nearly 10 thousand tons of aggregates is required for paving a road of one kilometer while a 50 square meter low-cost house requires 68 tons of aggregates. Minas Gerais, Sao Paulo, Rio de Janeiro, and Parana are the key regions in Brazil driving the growth of the aggregate segment.
The leading vendors in the Brazilian mining industry include VALE, MMX Group EBX, Votorantim Metals, Alumar Consortium, and MRN. The industry is witnessing a consolidation with increased competition in the market. The market is also experiencing an increased influx of private labels. The report anticipates the development of innovative methods by the vendors to boost the market growth during the forecast period.
A more detailed analysis is available in the Technavio report, Brazilian Mining Industry Outlook 2015-2019.
We can customize this reports by other regions and specific segments upon request.
Other related reports:
- Diamond Mining Industry 2015-2019
- Global Coal Mining Industry 2015-2019
- Mining Equipment Market in the US 2015-2019
- Mining Equipment Market in the APAC Region 2015-2019
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