Market Material Research

The global   nickel mining market   size was valued at USD 90.57 billion in 2024 and is projected to reach USD 105.82 billion by 2033, growing at a CAGR of 2.0% from 2025 to 2033. Market growth is primarily driven by the increasing demand from the stainless steel industry. Nickel plays a vital role as an alloying element that enhances the strength, corrosion resistance, and heat tolerance of stainless steel. With rapid industrialization in emerging economies, particularly across Asia Pacific and Latin America, the construction and infrastructure sectors are expanding significantly. This trend fuels stainless steel consumption and, in turn, sustains the demand for nickel mining. In addition to stainless steel, nickel has become indispensable for lithium-ion battery production, particularly in high-nickel chemistries such as NMC (Nickel Manganese Cobalt) and NCA (Nickel Cobalt Aluminum). These chemistries deliver higher energy density and longer driving ranges, making them essen...

The global   missile market   size was valued at USD 55.70 billion in 2023 and is projected to reach USD 93.56 billion by 2030, expanding at a CAGR of 7.4% from 2024 to 2030. Market growth is fueled by rising defense expenditures, advancements in missile technologies, heightened focus on national security, and the increasing need for effective deterrence against terrorism, regional conflicts, and other emerging threats. Regional Highlights: North America remained the largest market in 2023, while Asia Pacific is expected to emerge as the fastest-growing region during the forecast period The demand for advanced missile systems is accelerating as countries focus on modernizing their defense capabilities. Nations are increasingly investing in long-range, precision-guided, and next-generation missile technologies to enhance deterrence and maintain strategic superiority. The integration of advanced guidance and control technologies—such as GPS navigation, inertial navigation system...

The global   mining lubricants market   size was valued at USD 6.40 billion in 2021 and is projected to reach USD 8.96 billion by 2030, registering a CAGR of 3.8% from 2022 to 2030. The market growth is primarily driven by the rising demand for lubricants that enhance the performance and efficiency of mining equipment and machinery. The global mining lubricants market is witnessing steady growth, fueled by the shift from manual lubrication to advanced automatic lubrication systems, which significantly improve operational efficiency. Moreover, the industry is gradually transitioning from synthetic-based to bio-based lubricants, influenced by government regulations, sustainability initiatives, and evolving consumer demand. These changes are reshaping product development strategies and fostering the adoption of innovative technologies. In addition, the market is experiencing a rising preference for lubricants with properties such as long service life, low volatility, and high pur...

  The global   mining logistics market   size was valued at USD 28.86 billion in 2023 and is projected to reach USD 75.66 billion by 2030, expanding at a CAGR of 14.9% from 2024 to 2030. Market growth is primarily driven by the rising demand for metals and minerals, expansion of mining activities in remote locations, and continuous technological advancements in logistics solutions. Countries such as China, India, and Brazil are experiencing rapid industrialization and urbanization, which significantly increases the consumption of raw materials. This, in turn, fuels demand for efficient logistics solutions to transport resources from mining sites to processing facilities and end-users. The expansion of mining activities into remote and difficult-to-reach areas is also a major growth driver. With easily accessible mineral deposits declining, companies are exploring new deposits in challenging terrains, necessitating advanced and specialized logistics solutions. Furthermore,...

The global   neodymium market   size was estimated at USD 5.28 billion in 2024 and is projected to reach USD 7.30 billion by 2030, growing at a CAGR of 6.7% from 2025 to 2030. This growth is primarily fueled by the increasing demand for permanent magnets across diverse industries. Neodymium magnets, commonly referred to as NdFeB magnets, are the strongest type of rare-earth magnets and play a vital role in high-performance applications. Their exceptional magnetic strength and compact form factor make them indispensable in electric motors, wind turbines, and consumer electronics. As the global transition toward energy-efficient and miniaturized technologies continues, the need for neodymium-based components has witnessed significant growth. Due to their strength and space-saving properties, neodymium magnets are critical in applications such as electric motors, renewable energy systems, and high-end electronics. In March 2024, LG Innotek announced a substantial scale-up in neod...

The global   natural stone market   size was estimated at USD 10.17 billion in 2024 and is projected to reach USD 14.11 billion by 2030, growing at a CAGR of 5.8% from 2025 to 2030. The market is experiencing significant growth due to the increasing demand for visually appealing and long-lasting building materials in both residential and commercial construction. Natural stones such as marble, granite, limestone, and sandstone are widely favored for their distinctive textures, patterns, and durability. With rising real estate development, especially in emerging markets, the demand for high-quality natural stone for flooring, countertops, wall cladding, and landscaping is surging. Luxury residential developments are incorporating natural stone more frequently for its aesthetic value and ability to enhance property valuation. The natural stone market is also being propelled by its expanding use in infrastructure projects. Global investments in large-scale infrastructure—such as a...