The mineral product manufacturing industry includes establishments offering products such as bricks, refractories, ceramic products, and glass and glass products, such as plate glass and containers. This industry also includes cement and concrete products, lime, gypsum and other nonmetallic mineral products including abrasive products, ceramic plumbing fixtures, statuary, cut stone products, and mineral wool.

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The global mineral products market has shown high growth in the past years with a CAGR of over 5.9%. The year 2017 recorded a net market value of $2400 billion as per TBRC’s in-house consultants.

TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.

The report also shows the global mineral products market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.

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Cement manufacturers globally are collaborating and developing technologies to reduce carbon emissions from their manufacturing units. For instance, Low Carbon Technology Partnership initiative (LCTPi) of World Business Council for Sustainable Development (WBCSD) is a group of cement industry leaders committed to reduce CO2 emissions 20-25% by 2030 through adopting substitutes of cement and fuel components, developing new low carbon components and improving the production process. Lime and cement production constitutes 5% of worldwide man made emissions, these factors led to industry leaders collaborating to reduce carbon emissions. Major companies’ part of the LCTPI action plan include Cemex, HeidelbergCement, LafargeHolcim and Dalmia Cement. Also, the LEILAC (Low Emissions Intensity Lime And Cement) association which has both, lime and cement industries in Europe, adopted carbon capture technology provided by Calix, a leading technology company offering solutions to reduce carbon emissions. Companies’ which are part of this association already achieved targets to reduce 60% of CO2 emissions being released directly and from the processing of the raw materials. They also aim to achieve the EU’s 80% emissions reductions target by 2050.

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Companies included in the report are Lafargeholcim Ltd, CRH Plc, Cemex SAB de CV, HeidelbergCement AG, and Compagnie de Saint-Gobain S.A.

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