Nonmetallic Mineral Product Market
Research Offers 10-Year Forecast on Nonmetallic Mineral Product Market
Nonmetallic mineral product is those products, which are found in natural state or refined from other minerals. Rocks like limestone, magnesite, dolomite, phosphorite, talc, quartz, mica, clay, silica sand, gemstones, decorative and dimension stones, construction materials, etc. These minerals are used as raw materials in the manufacturing of various other products such as steel, silica, cement, etc. Also, global demand for such products are increasing extensively across the globe, which has the potential to boost the nonmetallic mineral product market.
Nonmetallic Mineral Product Market: Drivers and Restraints
The primary factor, which will drive the growth of nonmetallic mineral product market, is construction. Sand is one of the nonmetallic mineral product, which has a huge demand in construction activities. Nonmetallic mineral products such as limestone have an extensive use in the manufacturing of steel and cement. The rapid expansion of cement industries in countries such as India, China, and Western European countries is happening. Cement industries owing to its large production scales and a wide range of products with various strength needs a lot of nonmetallic mineral products. Both iron and steel manufacturing, cement manufacturing industries across the globe are increasing with the rise in demand. Other nonmetallic mineral products such as gypsum, mica, and silica are used in the manufacturing of products such as wallboards, asbestos, plaster of Paris, etc. The silica used for manufacturing of moisture absorbing pouches, mica usage in manufacturing of electrical components, gypsum usage for asbestos and wallboards are few of the possible factors which have potential to drive
© 2015 Future Market Insights, All Rights Reserved 4