Global Mining Market Report 2021
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Major companies in the mining market include BHP Billiton Ltd; Glencore Plc; Vale SA; Rio Tinto Group and CRH Plc.
The global mining market is expected to grow from $1641.67 billion in 2020 to $1845.55 billion in 2021 at a compound annual growth rate (CAGR) of 12.4%.
The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $2427.85 billion in 2025 at a CAGR of 7%.