Good prospects: Revenue will increase as the economy grows and consumer spending improves

The Mineral and Phosphate Mining industry mines and processes a range of minerals used in the production of fertilizers, chemicals and downstream manufacturing applications (e.g. glass, plastics and pharmaceuticals). The United States ranks among the leading producers of many of these minerals and is expected to maintain this position over the five years to 2023. Demand for most nonmetallic minerals fell over the past five years as a result of decreasing downstream demand for industry products, particularly in the second half of the five-year period. Declining farm incomes led to lower fertilizer sales. This, in turn, decreased production and prices for industry commodities such as phosphate and potash...purchase to read more.

Industry Statistics & Market Size
Revenue
$8bn
Annual Growth 13-18
-3.1%
Forecast Growth 18-23
Profit
Employment
10,317
Businesses
273

Industry Threats & Opportunities

  • Economic growth will drive industry growth due to the industry’s reliance on consumer spending on food and manufactured goods
  • Industry operators have continued to seek the lowest-cost mines while abandoning unsuccessful ventures
  • Phosphate production is forecast to grow slowly, in response to a rebound in fertilizer demand
  • Industry Report - Industry SWOT Analysis Chapter

    The Mineral and Phosphate Mining industry is in the mature stage of its life cycle. Industry value added (IVA), which measures an industry's contribution to the overall economy, is projected to increase at an annualized rate of 0.3% over the 10 years to 2023. During the same period, US GDP is forecast to grow at an annualized rate of 2.2%. As a result, this shows that industry growth lags significantly behind that of GDP.In general, the industry has benefited from relatively stable demand for its products, especially in downstream construction markets. However, some industry product segments have experienced a decline due to various downstream factors. Dem...purchase to read more.

    Additional Insights for the Mineral & Phosphate Mining Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Mineral & Phosphate Mining Industry are

  • Ability to compete on tender
  • Downstream ownership links
  • Ability to control total supply on market
  • IBISWorld analysts also discuss how external factors such as Industrial production index and Demand from fertilizer manufacturing in the Mineral & Phosphate Mining industry impact industry performance..

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    What's in this report

    What is the Mineral & Phosphate Mining Industry?

    Operators in this industry primarily mine, mill and beneficiate nonmetallic minerals. Principal industry products and activities are potash and soda, as well as borate mineral mining, phosphate rock mining, mining other chemicals and mineral fertilizers (e.g. rock salt, native sulfur and barite) and other nonmetallic mineral mining (e.g. diatomite, gypsum, mica, pumice and talc).

    Industry Products
  • Phosphate
  • Potash
  • Soda ash
  • Rock salt
  • Other chemical and fertilizer minerals
  • Industry Activities
  • Potassium salts and boron mining, quarrying and beneficiating
  • Sodium carbonate and sulfate mining, quarrying and beneficiating
  • Phosphate rock mining, quarrying and beneficiating
  • Rock salt mining, quarrying and beneficiating
  • Barite mining, quarrying and beneficiating
  • Native sulfur mining, quarrying and beneficiating
  • Diatomite and perlite mining, quarrying and beneficiating
  • Gypsum mining, quarrying and beneficiating
  • Talc, soapstone and pyrophyllite mining, quarrying and beneficiating
  • Pumice, mica, shell, natural asphalt and peat mining, quarrying and beneficiating
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Industrial production index
  • Demand from fertilizer manufacturing
  • Consumer spending
  • Trade-weighted index

  • Current Performance
  • Demand and production conditions
  • Profit volatility
  • Global competition recedes
  • Chart: Revenue Growth

  • Industry Outlook
  • Performance strengthens with demand
  • Production expands
  • Industry structure
  • Table: Mineral & Phosphate Mining Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Mineral & Phosphate Mining Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Agriculture, Forestry, Fishing and Hunting
  • Manufacturing
  • Transportation and Warehousing

  • Key Selling Industries
  • Auto Mechanics
  • Chemical Wholesaling
  • Construction & Mining Equipment Wholesaling
  • Explosives Manufacturing
  • Geophysical Services
  • Heavy Equipment Rental
  • Transportation and Warehousing
  • Utilities

  • Products & Services
  • Phosphate
  • Rock salt
  • Soda ash
  • Other chemical and fertilizer minerals
  • Potash
  • Chart: Mineral & Phosphate Mining Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Glass, ceramic, industrial chemicals, soap, detergents, pharmaceutic
  • Fertilizers for agricultural and household use
  • Other nonmetallic mineral product (e.g. gypsum wallboard)
  • Exports
  • Chart: Major Market Segmentation for the Mineral & Phosphate Mining Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Mineral & Phosphate Mining

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Mineral & Phosphate Mining Industry

  • Industry Globalization
    The Mosaic Company, Compass Minerals International Inc.,
  • Table: The Mosaic Company - financial performance
  • Table: Compass Minerals International Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Mineral & Phosphate Mining Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Mineral & Phosphate Mining Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Industrial Production Index (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Mineral
  • A naturally occurring solid chemical substance formed through biogeochemical processes having a characteristic chemical composition, a highly ordered atomic structure and specific physical properties.
  • Nonmetallic Minerals
  • Noncombustible solid rocks or minerals used in industry and construction in natural form or after mechanical, thermal or chemical processing.
  • Potash
  • The common name for various mined and manufactured salts that contain potassium in water-soluble form.
  • Soda Ash
  • Also known as sodium carbonate, used as a water softener and in the manufacture of glass and other products.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Mineral & Phosphate Mining provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Mineral & Phosphate Mining:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Mineral & Phosphate Mining market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Mineral & Phosphate Mining, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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