Technavio’s market research analysts estimate the Brazilian mining industry to grow at a CAGR of 5% between 2015 and 2019. The increased demand for minerals globally is driving the growth of this market. Brazil is one of the largest mining markets and is also one of the chief exporters of minerals across the globe.
The new market research report from Technavio provides a breakdown and analysis of the mining segments by technology.
“Owing to its high mining potential, the Brazilian mining market is witnessing huge investments from across the world. This has encouraged mining players to increase their production capacities, and to focus on supplying higher quality iron ore. Also, the demand for minerals is increasing especially from the developing economies, which has prompted the mining vendors to expand their business to these region,” says Chandrakumar BJG, Lead Analyst, Chemicals & Materials, Technavio Research.
The aggregates segment dominates the Brazilian mining the market 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 Brazilian mining 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 2015-2019.
We can customize reports by other regions and specific segments upon request.
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