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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.
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
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 -
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 –
Other prominent vendors in the market include Anglo American, AngloGold Ashant, and ArcelorMittal.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Market landscape
PART 06: Market segmentation by minerals
PART 07: Market segmentation by mine
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Vendor landscape
PART 14: Key vendor analysis
PART 15: Appendix
PART 16: Explore Technavio
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