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2018 Market Analysis & Industry Outlook: Mining

Overview: the U.S. Mining Industry

This report provides answers to key questions about the industry:
What is the total market size (industry revenue)?

This report shows the total market size for the Mining industry, comprised of total revenues of both public and private companies over the last five years (2013-2018), current year estimates, and outlook to 2022.

What is the industry outlook?

The industry Outlook and Forecasts show how the Mining industry is heading over the next five years (2019-2022). Market forecasts account for historical growth, cyclical changes, and general economic outlook.

Market Analysis: Is the market growing or declining, and how quickly?

The Market Analysis section shows the five-year growth trends for Mining, year-by-year from 2013-2018.

Are long-term forecasts positive or negative?

Forecasts for 2019-2022 for the industry show the future growth and market opportunity for Mining companies.

"In addition to competition from other coal producers, we compete with producers of alternative fuels used for electrical power generation, such as nuclear energy, natural gas, hydropower, petroleum, solar and wind..."
What is the average company size in the industry?

The average number of employees and average revenue for a typical Mining company is charted over time for the last five years to the present.

How many companies are in the industry?

Track how many companies compete in the Mining industry, and how the number of companies has changed over the past five years.

Market Size & Industry Statistics

The total U.S. industry market size for Mining: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

Mining market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2013        2014        2015        2016        2017        2018*
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.

Mining market forecast 2018-2024

Forecast / Industry Outlook 2018* 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Mining Industry Price Trends

Rise and fall in market prices are affectedd by supply, demand, and the cost of goods/services sold. Higher demand or COGS will put upward price pressure on prices. Higher competition among Mining companies will put a downward pressure on prices. The chart shows how prices are changing within the industry, month-to-month over the last three years.

example price index trendline

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Mining company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Mining industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Mining measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 4%

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Chief Executives0%
General and Operations Managers2%
Architecture and Engineering Occupations 7%
Office and Administrative Support Occupations 6%
Construction and Extraction Occupations 37%
Supervisors of Construction and Extraction Workers 5%
First-Line Supervisors of Construction Trades and Extraction Workers 5%
First-Line Supervisors of Construction Trades and Extraction Workers 5%
Construction Trades Workers 16%
Construction Equipment Operators 11%
Operating Engineers and Other Construction Equipment Operators 10%
Extraction Workers 18%
Mining Machine Operators 9%
Continuous Mining Machine Operators 5%
Roof Bolters, Mining 7%
Roof Bolters, Mining 7%
Installation, Maintenance, and Repair Occupations 13%
Vehicle and Mobile Equipment Mechanics, Installers, and Repairers 5%
Other Installation, Maintenance, and Repair Occupations 6%
Industrial Machinery Installation, Repair, and Maintenance Workers 6%
Production Occupations 10%
Other Production Occupations 6%
Transportation and Material Moving Occupations 22%
Motor Vehicle Operators 8%
Driver/Sales Workers and Truck Drivers 8%
Heavy and Tractor-Trailer Truck Drivers 7%
Material Moving Workers 14%
Dredge, Excavating, and Loading Machine Operators 8%
Excavating and Loading Machine and Dragline Operators 6%
Source: Bureau of Labor Statistics

Mining Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Mining industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Mining industry and adjacent sectors:

Market Leaders:
Direct Competitors

Companies with the largest market share, focused in this industry
Market leaders:
Diversified Competitors

Largest companies that have diversified operations in this and other industries
Direct Competitors

Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Diversified Competitors

Innovators and Disruptors in adjacent industries that may also affect the Mining industry.

Innovation News

  • Redmond trademarks "REDMOND HUNT" - Soil amendments - 11/17/2018
  • Redmond trademarks "REDMOND HUNT" - Deer attractants - 11/17/2018
  • Redmond trademarks "" - Soil amendments - 11/17/2018
  • Compass Minerals America patents Water Softening Compositions - 11/15/2018
  • Fairmount Santrol patents Pressure Activated Curable Resin Coated Proppants - 11/15/2018
  • Fairmount Santrol patents Pressure Activated Curable Resin Coated Proppants - 11/15/2018
  • Golden Minerals raises $10 million in funding. - 08/02/2018
  • JRL Coal raises $5 million in funding. - 07/16/2018
  • Hecla Mining raises $31 million in funding. - 03/13/2018

  • Executive Briefings

    There are numerous large and small producers in all sand producing regions of the United States with whom we compete. Our main competitors in the raw frac sand market include Badger Mining Corporation, CARBO Ceramics, Inc. Many new entrants to the raw frac sand market compete on an FOB-plant basis and lack comparable transportation infrastructure to meet customer demands in-basin. Our main competitors in the value-added proppant market include Atlas Resin Proppants LLC, Momentive Performance Materials Inc. The most important factors on which we compete in both markets are product quality, performance, sand and proppant characteristics, transportation capabilities, proximity of supply to well site, reliability of supply, and price. Our largest competitors across both markets are U. We believe we are uniquely positioned to utilize our scale of raw sand production to supply high-quality substrate for coated products and leverage our transportation infrastructure for reliable delivery in-basin. Moreover, as a result of this increased demand, existing frac sand producers have added to or expanded their frac sand production capacity, thereby increasing competition. These consumption patterns in a particular basin are influenced by numerous factors, including the price of hydrocarbons, the drilling rig count, and hydraulic fracturing activity levels, including the number of stages completed and the amount of proppant used per stage. Further, these consumption patterns are also influenced by the location, quality, 13   selling price and availability of sand-based proppants and other types of proppants such as ceramic proppant. Selling prices for sand-based proppants vary by basin and are determined based on supply and demand dynamics within each basin. As a result of increasing global supply of oil, the demand for proppant decreased from the end of 2014 and through the latter half of 2016, resulting in proppant oversupply and downward pressure on proppant selling prices. This caused some proppant producers to exit the market and others, including us, to adjust operations and minimize costs. From the end of 2016 through 2017, the price of oil has increased and the United States horizontal land rig counts have increased leading to significant improvement in proppant demand and pricing. Competitors in the I Fairmount Santrol

    Government Contracts

    In 2018, the federal government spent a total of $25,638,573 on Mining. It has awarded 1376 contracts to 304 companies, with an average value of $84,337 per company.   

    Most Recent Contracts Date Total Award Amount
    5764 Wilderness Rd
    Dublin, VA
    Jun 30, 2018$10,000
    2276 W 580 N
    Cedar City, UT
    Jun 29, 2018$317,000
    150 County Rd 340
    Los Ojos, NM
    Jun 28, 2018$14,940
    1025 Sutter St
    Redding, CA
    Jun 27, 2018$303,700
    Mile 249 7 Parks Hwy
    Healy, AK
    Jun 21, 2018$119,200
    122 County Rd 15d
    Walden, CO
    Jun 21, 2018$12,286