Nonmetallic Mineral Mining & Quarrying Industry Profile

Report Page Length: 10-12
Last Quarterly Update: 8/21/2017
SIC Codes: 1411, 1422, 1423, 1429, 1442, 1446, 1474, 1499
NAICS Codes: 2123, 213115
Chapters Include:
Industry Overview Trends & Challenges Industry Forecast
Quarterly Industry Update Call Prep Questions Website & Media Links
Business Challenges Financial Information Glossary & Acronyms
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Excerpt from Nonmetallic Mineral Mining & Quarrying Industry Profile

Companies in this industry develop mine sites, mine and quarry nonmetallic minerals and provide related support services, and separate minerals from waste. Major nonmetallic mining companies include DeBeers (South Africa), HeidelbergCement (Germany), K+S (Germany), Martin Marietta Materials (US), Potash Corporation of Saskatchewan (Canada), and Vulcan Materials (US).

The world's most mined nonmetallic minerals are lime (350 million metric tons produced in 2016), phosphate rock (261 million metric tons), and salt (255 million metric tons). China and India have the largest nonmetallic mineral reserves in the world. Because of their strong construction markets and rising food needs, China and India are poised for the most growth in the industry.

The US nonmetallic mineral mining and quarrying industry includes about 5,000 establishments (single-location companies and units of multi-location companies) with annual revenue of about $28 billion.

COMPETITIVE LANDSCAPE

Demand is driven by construction spending and spending on fertilizers. Large companies have some economies of scale in purchasing and administrative systems, and have the production volume to supply large construction projects, such as new highways. Small companies typically own just one mine and compete in a local market based on superior customer service.

Imports of nonmetallic minerals account for about 7% of the US market. Major sources of imports include Canada, Mexico, China, Chile, and Peru. US exports, mainly to Canada, Mexico, Japan, China, and Germany, represent about 7% of domestic production.

 
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