This U.S. industry comprises establishments primarily engaged in developing the mine site, mining, milling, and/or drying or otherwise beneficiating (i.e., preparing) chemical or fertilizer mineral raw materials (except potash, soda, boron, and phosphate rock).
The chemical and fertilizer mineral mining industry, classified under NAICS 212393, is currently experiencing several notable qualitative trends. Increased focus on sustainability and environmental responsibility is a significant trend, driven by regulatory pressures and rising consumer awareness. Companies are investing in greener technologies and processes to minimize their carbon footprint and reduce ecological impact.
The adoption of digital technologies, such as IoT, AI, and data analytics, is another growing trend. These technologies are being utilized to improve operational efficiency, predictive maintenance, and supply chain management. Enhanced automation and use of AI-generated insights are helping firms optimize resource extraction and processing.
Global supply chain disruptions, partly due to geopolitical tensions and the COVID-19 pandemic, have highlighted the industry's vulnerability and led to a re-evaluation of supply chain strategies. Many companies are now focusing on diversifying their supply sources and increasing local production capabilities to mitigate risks associated with global dependencies.
In terms of market demand, there is a growing emphasis on specialty fertilizers and custom-blended mineral products tailored to specific agricultural needs. This trend reflects the broader push towards more precise and sustainable agricultural practices.
Looking ahead, the near future forecasts for the industry suggest continued growth in demand for fertilizers driven by global population growth and the corresponding need to boost agricultural productivity. However, companies will likely face ongoing challenges related to regulatory compliance and the need to innovate continuously to maintain competitiveness and adhere to environmental standards.
Alunite mining and/or beneficiating
Amblygonite mining and/or beneficiating
Arsenic mineral mining and/or beneficiating
Barite mining and/or beneficiating
Barium ores mining and/or beneficiating
Barytes mining and/or beneficiating
Brimstone mining and/or beneficiating
Celestite mining and/or beneficiating
Fertilizer minerals, natural, mining and/or beneficiating
Fluorite mining and/or beneficiating
Fluorspar mining and/or beneficiating
Guano mining and/or beneficiating
Lepidolite mining and/or beneficiating
Lithium mineral mining and/or beneficiating
Marcasite mining and/or beneficiating
Mineral pigments, natural, mining and/or beneficiating
Ocher mining and/or beneficiating
Pigments, natural, mineral, mining and/or beneficiating
Pyrite concentrates mining and/or beneficiating
Pyrite mining and/or beneficiating
Pyrrhotite mining and/or beneficiating
Rock salt mining and/or beneficiating
Salt, common, mining and/or beneficiating
Salt, rock, mining and/or beneficiating
Sienna mining and/or beneficiating
Sodium chloride, rock salt, mining and/or beneficiating
Spodumene mining and/or beneficiating
Strontianite mining and/or beneficiating
Strontium mineral mining and/or beneficiating
Sulfur mining and/or beneficiating
Sulfur, native, mining and/or beneficiating
Umber mining and/or beneficiating
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.