Mexico Mining Market Size, Share & Trends Analysis Report By Sector (Precious Metals, Non-Ferrous, Non-Metallic Minerals,Others), Drivers, Opportunities & Restraints, And Segment Forecasts, 2025 - 2030
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MexicMining Market Growth & Trends
The Mexicmining market size is expected treach USD 2.30 billion in 2030 and is projected tgrow at a CAGR of 3.7% from 2025 t2030. The growth of the industry is attributed tincreasing demand for precious metals, which account for the major share of the market. Moreover, the growing demand for metals such as copper, zinc, and lead that find various uses in electrical & electronic applications are further fueling the market growth.
The mining sector is getting rapid exposure of technological advancements such as automation and digitization. These include the introduction of automated tunnel drilling and drilling systems, autonomous vehicles, drone, and intelligent sensors, which are designed tincrease the efficiency and management of mining operations and reduce wastage.
For instance, in July 2022, Fresnillo, one of the world’s largest silver producers, placed an order tEpricfor underground mining machines. The order consists of Boltec and Cabletec rock reinforcement rigs, Boomer face drilling rigs, Simba production drilling rigs, Minetruck haulers, and Scooptram loaders.
Based on sector, the non-metallic minerals segment is anticipated twitness the fastest growth rate over the forecast period. The segment growth is attributed twidespread applications of products like kaolin, silica, and feldspar in various industries. Growing investments in the end-use industries of these products is propelling their demand and thus, mining.
Metal prices in Mexicwitnessed a sharp decline from January tApril 2020 owing ta sudden drop in demand caused by the outbreak of COVID-19. However, post-April 2020, prices recovered sharply owing tthe restart of manufacturing activities with social distancing norms in place.
Tremain competitive, mining companies are entering intlong-term supply contracts with end users. Also, the companies use derivative contracts tprotect them from market volatility. These fluctuations expose the companies tthe risk of opportunity loss and mark-to-market fair value adjustments. These contracts could include forward sales, futures contracts, call options, and other derivative instruments.
MexicMining Market Report Highlights
MexicMining Market Growth & Trends
The Mexicmining market size is expected treach USD 2.30 billion in 2030 and is projected tgrow at a CAGR of 3.7% from 2025 t2030. The growth of the industry is attributed tincreasing demand for precious metals, which account for the major share of the market. Moreover, the growing demand for metals such as copper, zinc, and lead that find various uses in electrical & electronic applications are further fueling the market growth.
The mining sector is getting rapid exposure of technological advancements such as automation and digitization. These include the introduction of automated tunnel drilling and drilling systems, autonomous vehicles, drone, and intelligent sensors, which are designed tincrease the efficiency and management of mining operations and reduce wastage.
For instance, in July 2022, Fresnillo, one of the world’s largest silver producers, placed an order tEpricfor underground mining machines. The order consists of Boltec and Cabletec rock reinforcement rigs, Boomer face drilling rigs, Simba production drilling rigs, Minetruck haulers, and Scooptram loaders.
Based on sector, the non-metallic minerals segment is anticipated twitness the fastest growth rate over the forecast period. The segment growth is attributed twidespread applications of products like kaolin, silica, and feldspar in various industries. Growing investments in the end-use industries of these products is propelling their demand and thus, mining.
Metal prices in Mexicwitnessed a sharp decline from January tApril 2020 owing ta sudden drop in demand caused by the outbreak of COVID-19. However, post-April 2020, prices recovered sharply owing tthe restart of manufacturing activities with social distancing norms in place.
Tremain competitive, mining companies are entering intlong-term supply contracts with end users. Also, the companies use derivative contracts tprotect them from market volatility. These fluctuations expose the companies tthe risk of opportunity loss and mark-to-market fair value adjustments. These contracts could include forward sales, futures contracts, call options, and other derivative instruments.
MexicMining Market Report Highlights
- Based on sector, precious metals held a revenue share of more than 47.0% in 2024 in the market. This market share is attributed tgrowing consumer preference for fashionable and luxurious items
- Mexichas wide reserves of gold and silver. As of 2021, Mexicstood 7th in the world, in terms of gold production. In 2021, similar tother prominent gold producers in the world, Mexico’s gold production fell too, and dropped down t100 tons in 2021 from 101.63 tons in 2020
- The non-ferrous held the second-largest share of the market. Its growth can be attributed tincreasing penetration of metals in electric vehicles (EVs). Growing EV production further propels the demand for metals such as lead, copper, zinc, and molybdenum
CHAPTER 1. METHODOLOGY AND SCOPE
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Information Analysis
1.3.2. Market Formulation & Data Visualization
1.3.3. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Snapshot
2.2. Segmental Outlook
2.3. Competitive Outlook
CHAPTER 3. MARKET VARIABLES, TRENDS, AND SCOPE
3.1. Market Lineage Outlook
3.1.1. Global Mining Market Outlook
3.2. Value Chain Analysis
3.2.1. Mining Trends
3.3. Regulatory Framework
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Market Challenges
3.4.4. Market Opportunities
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of Substitution
3.5.4. Threat of New Entrants
3.5.5. Competitive Rivalry
3.6. PESTLE Analysis
3.6.1. Political
3.6.2. Economic
3.6.3. Social Landscape
3.6.4. Technology
3.6.5. Environmental
3.6.6. Legal
CHAPTER 4. MEXICO MINING MARKET: SECTOR ESTIMATES & TREND ANALYSIS
4.1. Mexico Mining Market: Sector Movement Analysis, 2024 & 2030
4.2. Precious Metals
4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.3. Non-Ferrous
4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.4. Non-Metallic Minerals
4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.5. Others
4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
CHAPTER 5. COMPETITIVE LANDSCAPE
5.1. Recent Developments, By Key Market Participants
5.2. Company Categorization
5.3. Company Market Ranking
5.4. Heat Map Analysis
5.5. Vendor Landscape
5.5.1. List of Raw Material Suppliers & Distributors
5.5.2. List of Foundries
5.5.3. List of Other Prominent Manufacturers
5.6. List of Prospective End Users
5.7. Strategy Mapping
5.8. Company Profiles/Listing
5.8.1. AHMSA
5.8.1.1. Company Overview
5.8.1.2. Financial Performance
5.8.1.3. Product Benchmarking
5.8.1.4. Strategic Initiatives
5.8.2. ArcelorMittal
5.8.2.1. Company Overview
5.8.2.2. Financial Performance
5.8.2.3. Product Benchmarking
5.8.2.4. Strategic Initiatives
5.8.3. Coeur Mining Inc.
5.8.3.1. Company Overview
5.8.3.2. Financial Performance
5.8.3.3. Product Benchmarking
5.8.3.4. Strategic Initiatives
5.8.4. FIRST MAJESTIC
5.8.4.1. Company Overview
5.8.4.2. Financial Performance
5.8.4.3. Product Benchmarking
5.8.4.4. Strategic Initiatives
5.8.5. Fortuna Silver Mines Inc.
5.8.5.1. Company Overview
5.8.5.2. Financial Performance
5.8.5.3. Product Benchmarking
5.8.5.4. Strategic Initiatives
5.8.6. Fresnillo plc
5.8.6.1. Company Overview
5.8.6.2. Financial Performance
5.8.6.3. Product Benchmarking
5.8.6.4. Strategic Initiatives
5.8.7. GRUPO MEXICO
5.8.7.1. Company Overview
5.8.7.2. Financial Performance
5.8.7.3. Product Benchmarking
5.8.7.4. Strategic Initiatives
5.8.8. Industrias Pe?oles
5.8.8.1. Company Overview
5.8.8.2. Financial Performance
5.8.8.3. Product Benchmarking
5.8.9. Newmont Corporation
5.8.9.1. Company Overview
5.8.9.2. Financial Performance
5.8.9.3. Product Benchmarking
5.8.9.4. Strategic Initiatives
5.8.10. Pan American Silver Corp
5.8.10.1. Company Overview
5.8.10.2. Financial Performance
5.8.10.3. Product Benchmarking
5.8.10.4. Strategic Initiatives
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Information Analysis
1.3.2. Market Formulation & Data Visualization
1.3.3. Data Validation & Publishing
1.4. Research Scope and Assumptions
1.4.1. List of Data Sources
CHAPTER 2. EXECUTIVE SUMMARY
2.1. Market Snapshot
2.2. Segmental Outlook
2.3. Competitive Outlook
CHAPTER 3. MARKET VARIABLES, TRENDS, AND SCOPE
3.1. Market Lineage Outlook
3.1.1. Global Mining Market Outlook
3.2. Value Chain Analysis
3.2.1. Mining Trends
3.3. Regulatory Framework
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Market Challenges
3.4.4. Market Opportunities
3.5. Porter’s Five Forces Analysis
3.5.1. Bargaining Power of Suppliers
3.5.2. Bargaining Power of Buyers
3.5.3. Threat of Substitution
3.5.4. Threat of New Entrants
3.5.5. Competitive Rivalry
3.6. PESTLE Analysis
3.6.1. Political
3.6.2. Economic
3.6.3. Social Landscape
3.6.4. Technology
3.6.5. Environmental
3.6.6. Legal
CHAPTER 4. MEXICO MINING MARKET: SECTOR ESTIMATES & TREND ANALYSIS
4.1. Mexico Mining Market: Sector Movement Analysis, 2024 & 2030
4.2. Precious Metals
4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.3. Non-Ferrous
4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.4. Non-Metallic Minerals
4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
4.5. Others
4.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million)
CHAPTER 5. COMPETITIVE LANDSCAPE
5.1. Recent Developments, By Key Market Participants
5.2. Company Categorization
5.3. Company Market Ranking
5.4. Heat Map Analysis
5.5. Vendor Landscape
5.5.1. List of Raw Material Suppliers & Distributors
5.5.2. List of Foundries
5.5.3. List of Other Prominent Manufacturers
5.6. List of Prospective End Users
5.7. Strategy Mapping
5.8. Company Profiles/Listing
5.8.1. AHMSA
5.8.1.1. Company Overview
5.8.1.2. Financial Performance
5.8.1.3. Product Benchmarking
5.8.1.4. Strategic Initiatives
5.8.2. ArcelorMittal
5.8.2.1. Company Overview
5.8.2.2. Financial Performance
5.8.2.3. Product Benchmarking
5.8.2.4. Strategic Initiatives
5.8.3. Coeur Mining Inc.
5.8.3.1. Company Overview
5.8.3.2. Financial Performance
5.8.3.3. Product Benchmarking
5.8.3.4. Strategic Initiatives
5.8.4. FIRST MAJESTIC
5.8.4.1. Company Overview
5.8.4.2. Financial Performance
5.8.4.3. Product Benchmarking
5.8.4.4. Strategic Initiatives
5.8.5. Fortuna Silver Mines Inc.
5.8.5.1. Company Overview
5.8.5.2. Financial Performance
5.8.5.3. Product Benchmarking
5.8.5.4. Strategic Initiatives
5.8.6. Fresnillo plc
5.8.6.1. Company Overview
5.8.6.2. Financial Performance
5.8.6.3. Product Benchmarking
5.8.6.4. Strategic Initiatives
5.8.7. GRUPO MEXICO
5.8.7.1. Company Overview
5.8.7.2. Financial Performance
5.8.7.3. Product Benchmarking
5.8.7.4. Strategic Initiatives
5.8.8. Industrias Pe?oles
5.8.8.1. Company Overview
5.8.8.2. Financial Performance
5.8.8.3. Product Benchmarking
5.8.9. Newmont Corporation
5.8.9.1. Company Overview
5.8.9.2. Financial Performance
5.8.9.3. Product Benchmarking
5.8.9.4. Strategic Initiatives
5.8.10. Pan American Silver Corp
5.8.10.1. Company Overview
5.8.10.2. Financial Performance
5.8.10.3. Product Benchmarking
5.8.10.4. Strategic Initiatives
