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Mineral & Phosphate Mining in the US - Industry Market Research Report

  • June 2017
  • 39 pages
  • Ibisworld
Report ID: 590441

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Good prospects: Revenue will increase as the economic grows and consumer spending improves

Abstract
Mineral & Phosphate Mining in the US

he United States ranks among the leading producers of many of these minerals, which is expected to continue moving forward over the five years to 2022. However, IBISWorld estimates that the industry will fall over the five years to 2017 as demand for most nonmetallic minerals has fallen as a result of decreasing downstream demand for industry products. However, growth in the overall US economy is expected to support industry growth over the five years to 2022, due to the industry’s ties to general consumer spending on food and manufactured goods. Consequently, over the five years to 2022, revenue is forecast to grow.

Operators in this industry primarily mine, mill and beneficiate nonmetallic minerals. The 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.

MAJOR COMPANIES
- Compass Minerals International Inc.
- The Mosaic Company

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