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Mineral & Phosphate Mining in New Mexico

Author.Name IBISWorld United States Last Updated: April 2025 NAICS NM21239

Mineral & Phosphate Mining in New Mexico industry analysis

The Mineral & Phosphate Mining industry in New Mexico is expected to grow an annualized x.x% to $x.x million over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments stagnated an annualized x% to x locations. Industry employment has increased an annualized x% to xxx workers, while industry wages have increased an annualized x.x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x million, while the national industry is expected to grow x.x%. Industry establishments are forecast to stagnate x% to x locations. Industry employment is expected to increase an annualized x.x% to xxx workers, while industry wages are forecast to increase % to $x.x million.

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About the Mineral & Phosphate Mining in New Mexico Market Research Report

What’s Included in the Mineral & Phosphate Mining in New Mexico Market Research Report

Definition of the Mineral & Phosphate Mining in New Mexico?

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).

What’s included in the Mineral & Phosphate Mining in New Mexico?

The Mineral & Phosphate Mining in New Mexico includes 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 and pumice, mica, shell, natural asphalt and peat mining, quarrying and beneficiating. Related terms covered in the Mineral & Phosphate Mining in New Mexico industry report includes a naturally occurring solid chemical substance formed through biogeochemical processes having a characteristic chemical composition, a highly ordered atomic structure and specific physical properties, noncombustible solid rocks or minerals used in industry and construction in natural form or after mechanical, thermal or chemical processing, also known as sodium carbonate, used as a water softener and in the manufacture of glass and other products and the common name for various mined and manufactured salts that contain potassium in water-soluble form.

Industry Performance of the Mineral & Phosphate Mining industry in New Mexico

Benchmark the Mineral & Phosphate Mining in New Mexico industry performance with all NM county and national performance.

Mineral & Phosphate Mining in New Mexico

#7 in Highest Revenue 2.9% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Mineral & Phosphate Mining in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Mineral & Phosphate Mining industry in New Mexico

See how key industry drivers, such as population, per capita disposable income, median houshold income, industrial production index, demand from fertilizer manufacturing and consumer spending are impacting Mineral & Phosphate Mining in New Mexico

New Mexico Economic Indicators

Population
Per Capita Disposable Income
Median Houshold Income

View more economic information in NM State Economic profile

US Key External Drivers

Industrial production index
Demand from fertilizer manufacturing
Consumer spending

For the full list of industry drivers, see report purchase options.

County Data of the Mineral & Phosphate Mining industry in New Mexico

Access proprietary data on county in the Mineral & Phosphate Mining in New Mexico, such as Eddy County, Sierra County and Socorro County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Mineral & Phosphate Mining industry in New Mexico

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Mineral & Phosphate Mining industry in New Mexico in 2025?

The market size of the Mineral & Phosphate Mining industry in New Mexico is $253.0m in 2025.

How many businesses are there in the Mineral & Phosphate Mining industry in New Mexico in 2025?

There are 9 businesses in the Mineral & Phosphate Mining industry in New Mexico, which has been declining at an average annual rate of 0.0% from 2020 to 2025.

Has the Mineral & Phosphate Mining industry in New Mexico grown or declined over the past 5 years?

The market size of the Mineral & Phosphate Mining industry in New Mexico has been growing at an average annual rate of 1.5% from 2020 to 2025.

How many employees in the Mineral & Phosphate Mining industry in New Mexico in 2025?

There are 556 employees in the Mineral & Phosphate Mining industry in New Mexico, which has been growing at an average annual rate of 0.0% from 2020 to 2025.