NEW YORK, Dec. 31, 2015 /PRNewswire/ -- Outlook of the Brazilian mining industry
Technavio€™s market research analyst predicts the Brazilian mining industry to witness a steady growth at a CAGR of around 5% during the forecast period. The increased demand for minerals globally is driving the growth of this market. Brazil is rich in mineral ores and is one of the chief exporters of minerals. For instance, China is heavily dependent on Brazil for iron ore for its steel production. The growth of the global automobile industry is also creating a demand for various products thereby driving the Brazilian mining industry.
The difficulty in procuring licenses for mining is expected to deter the market growth during the forecast period. Brazil has a very complex regulatory framework for the mining sector. Approval processes and jurisdiction is divided among the federal, state, and municipal governments. Mineral exploration licenses are approved by the DNPM at the federal government level, and development concessions are issued by the MME. The licenses are renewed on the basis of the final exploration report.
Segmentation by minerals and analysis of - aggregates, iron ore, bauxite, and phosphate concentrate
The aggregates segment dominated the market during 2014 with a market share of 54% and is anticipated to witness the fastest growth during the forecast period. The increased demand from the construction sector is driving the growth of this segment. For instance, nearly 10 thousand tons of aggregates is required for paving a road of one kilometer while a 50 square meter low-cost house requires 68 tons of aggregates. Minas Gerais, Sao Paulo, Rio de Janeiro, and Parana are the key regions in Brazil driving the growth of the aggregate segment.
The report offers an analysis of each of the following segments and discusses its impact on the overall market growth -
- Aggregates
- Iron ore
- Bauxite
- Phosphate concentrate
Segmentation by mine and analysis of - micro, small, medium, grand
The micro mine segment accounted for 49% of the market share during 2014. Micro mines produce less than 10 thousand million tons per annum.
The report offers an analysis of each of the following segments and discusses its impact on the overall market growth -
Micro
Small
Medium
Grand
Competitive landscape and key vendors - Vale, MMX, MRN, Alumar, Votorantium
The Brazilian mining industry is witnessing a consolidation with increased competition in the market. The market is also experiencing an increased influx of private labels. The report anticipates the development of innovative methods by the vendors to boost the market growth during the forecast period.
The leading vendors in the market are €"
VALEMMX Group EBXVotorantim MetalsAlumar ConsortiumMRN Other prominent vendors in the market include Anglo American, AngloGold Ashant, and ArcelorMittal.
Key questions answered in the report include
What will the market size and the growth rate be in 2019?What are the key factors driving the Brazilian mining industry?What are the key market trends impacting the growth of the Brazilian mining industry?What are the challenges to market growth?Who are the key vendors in this market space?What are the market opportunities and threats faced by the vendors in the Brazilian mining industry?What are the key outcomes of the five forces analysis of the Brazilian mining industry? Technavio also offers customization on reports based on specific client requirement.
Related reports
Diamond Mining Industry 2015-2019Global Coal Mining Industry 2015-2019Mining Equipment Market in the US 2015-2019Mining Equipment Market in the APAC Region 2015-2019
Read the full report:
http://www.reportlinker.com/p03517774-summary/view-report.html
About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.
__________________________
Contact Clare: [email protected]
US: (339)-368-6001
Intl: +1 339-368-6001
SOURCE Reportlinker
Related Links
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article