(MoneyNewsWire.Net, July 20, 2018 ) The general mineral mining industry includes establishments involved in mining construction sand and gravel, industrial sand, kaolin and ball clay, clay and ceramic and refractory minerals. This market also includes companies carrying out potash, soda and borate mineral, phosphate rock, and other chemical and fertilizer minerals mining.
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The major reason why general mineral mining market is expected to grow from $128 billion in 2017 to $140 billion by 2021 is the use of high-efficiency sand washer system. Sand washing technology is evolving, and companies are increasingly using high-efficiency sand washers to achieve high production levels with high quality and cost-efficiency. High-efficiency sand washers are heavy-duty machines capable of effectively cleaning harmful material from aggregate, recycled and other minerals while reducing water consumption.
General mineral mining market in The Business Research Company’s report is segmented into potash, salt, magnesite, sulfur, kaolin, asbestos, feldspar, boron, gypsum, talc, graphite, baryte, bentonite, diatomite, lithium, selenium, perlite, vermiculite, arsenic, diamond, and others. The first two segments namely potash and salt account for more than 25% of the market share, while the remaining market is distributed among the other segments.
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The USA was the largest country in the general mineral mining market in 2017. This was a result of the country’s large construction and chemical manufacturing industry, which drove the market for construction sand, industrial sand, chemicals and fertilizers. The USA is followed by China and France as the next largest countries in the market.
CRH Plc. is the largest competitor in the general mining in 2017, followed by Israel Corporation Ltd and The Mosaic Company. CRH was incorporated on June 20, 1949 and is a building materials company. CRH has introduced a divestment program under which the company is divesting non-core and non-profitable businesses and reinvesting the earned capital in projects with long term growth potential.
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