Market Overview

Silver Ore Mining: Global Markets to 2023

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Silver Ore Mining: Global Markets to 2023

PR Newswire

NEW YORK, Sept. 3, 2018 /PRNewswire/ -- Report Scope
This research report categorizes the silver ore mining market by type. Product types include industrial fabrication, jewelry, silverware and bars and coins.

Read the full report: https://www.reportlinker.com/p05495816

Report Includes:
- 98 tables
- Industry analysis of the global silver ore mining market
- Country specific data and analysis of USA, China, Japan, India, France, Russia, Italy, Spain, UK, Brazil and Australia for historic and forecast market
- Characterization and quantification of market potential for silver ore mining by major geographies and product types that include industrial fabrication, jewelry, silverware, and bars and coins
- Evaluation of factors such as drivers, restraints, and current industry trends and strategies that can affect the global market
- PESTEL analysis of the silver ore mining market, and a look at the government regulations for maximizing silver extraction
- Information on key mergers and acquisitions in the global silver ore mining market
- Profiles of major companies in the mining industry, including Compania de Minas Buenaventura S.A.A. (Buenaventura), Glencore plc, Goldcorp Inc., Industrias Peñoles, S.A.B. de C.V., and Volcan Compania Minera S.A.A.

Summary
The global silver ore mining market growth outlook is stable with significant growth potential for extended use in industrial fabrication.There is mounting pressure to reduce costs, improve ore quality and improve mine safety as it has been moving from a provider-driven model to a consumer-driven model.

At the same time, factors such as emerging market growth and rapid growth in the demand for silver from the electrical and electronics industries are contributing to the growth of the silver ore mining market.

The silver ore mining market reached a value of nearly REDACTED in 2018 and is expected to grow at a compound annual growth rate (CAGR) of REDACTED to nearly REDACTED by 2023.

The market for silver ore mining is relatively concentrated with a few large players dominating the market. Major players in the market are Compania de Minas Buenaventura S.A.A. (Buenaventura), Glencore plc, Gold corp Inc., Industrias Peñoles, S.A.B. de C.V., and Volcan Compania Minera S.A.A. The industrial fabrication segment accounted for the largest share of the styrene market in 2018 at REDACTED. The highest growth is projected to come from jewelry and silverware segments, which are forecasted to grow at a CAGR of REDACTED. Major factors included rapid increase in disposable income and growing popularity of silverware and silver jewelry, globally.

Asia-Pacific is the largest silver ore mining market, accounting for REDACTED of the global market.It was followed by North America and Western Europe region.

Going forward, Africa is expected to witness the fastest growth in the silver market, estimated at grow at a CAGR of REDACTED, followed by Western Europe which is expected to grow at a CAGR of REDACTED.

China is the largest market in terms of value in the silver ore mining market.The UK and China are forecasted to have the fastest growth, growing at a CAGR of REDACTED and REDACTED, respectively.

The market is challenged by restraints such as depleting silver reserves, shortage of skilled labor, fatal mining accidents and increasing trade protectionism.

Read the full report: https://www.reportlinker.com/p05495816

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