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Mineral & Phosphate Mining in the US Industry Data and Analysis
Mineral and phosphate miners have seen their share of ups and downs in recent years, mainly driven by erratic commodity prices and various economic disruptions. Revenue and profit have been on a rollercoaster ride, oscillating with fluctuating demand and prices for key minerals like sulfur, soda ash, phosphate rock and salt. The start of the period was plagued by lower prices, delivering a blow to revenue, but an economic rebound fueled a surge in demand and, in turn, prices for these commodities. Even so, prices came down to earth towards the end of the period, leading to revenue dips, despite an uptick in production. Overall, revenue is set to creep up at a CAGR of 1.1%, reaching $8.6 billion, including a 1.1% climb in 2025.
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What's included in this industry analysis
IBISWorld's research coverage on the Mineral & Phosphate Mining industry in the United States includes market sizing, forecasting, data and analysis from 2015-2030. The most recent publication was released June 2025.
About this industry
What's this industry report about?
The Mineral & Phosphate Mining industry in the United States operates under the NAICS industry code 21239. Operators in this industry primarily mine, mill and beneficiate nonmetallic minerals. Principal industry products and activities are potash and soda, as well as borate mineral mining, phosphate rock mining, mining other chemicals and mineral fertilizers (e.g. rock salt, native sulfur and barite) and other nonmetallic mineral mining (e.g. diatomite, gypsum, mica, pumice and talc). Related terms covered in the Mineral & Phosphate Mining industry in the United States include mineral, nonmetallic minerals, soda ash and potash.
What's included in this industry?
Products and services covered in Mineral & Phosphate Mining industry in the United States include Phosphate, Potash and Soda ash.
What companies are included in this industry?
Companies covered in the Mineral & Phosphate Mining industry in the United States include Mosaic Co, Compass Minerals International, Inc. and Rio Tinto Plc.
Performance
What's included in the Performance chapter?
The Performance chapter covers detailed analysis, datasets, detailed current performance, sources of volatility and an outlook with forecasts for the Mineral & Phosphate Mining industry in the United States.
Questions answered in this chapter include what's driving current industry performance, what influences industry volatility, how do successful businesses overcome volatility, what's driving the industry outlook. This analysis is supported with data and statistics on industry revenues, costs, profits, businesses and employees.
Products & Markets
What's included in the Products and Markets chapter?
The Products and Markets chapter covers detailed product and service segmentation, analysis of major markets and international trade data for the for the Mineral & Phosphate Mining industry in the United States.
Questions answered in this chapter include how are the industry's products and services performing, what are innovations in industry products and services, what products or services do successful businesses offer and what's influencing demand from the industry's markets. This includes data and statistics on industry revenues by product and service segmentation and major markets.
Geographic Breakdown
What's included in the Geographic Breakdown chapter?
The Geographic Breakdown chapter covers detailed analysis and datasets on regional performance of the Mineral & Phosphate Mining industry in the United States.
Questions answered in this chapter include where are industry businesses located and how do businesses use location to their advantage. This includes data and statistics on industry revenues by location.
Competitive Forces
What's included in the Competitive Forces chapter?
The Competitive Forces chapter covers the concentration, barriers to entry and supplier and buyer profiles in the Mineral & Phosphate Mining industry in the United States. This includes data and statistics on industry market share concentration, barriers to entry, substitute products and buyer & supplier power.
Questions answered in this chapter include what impacts the industry's market share concentration, how do successful businesses handle concentration, what challenges do potential industry entrants face, how can potential entrants overcome barriers to entry, what are substitutes for industry services, how do successful businesses compete with substitutes and what power do buyers and suppliers have over the industry and how do successful businesses manage buyer & supplier power.
Companies
What's included in the Companies chapter?
The Companies chapter covers Key Takeaways, Market Share and Companies in the Mineral & Phosphate Mining industry in the United States. This includes data and analysis on companies operating in the industry that hold a market share greater than 5%.
Questions answered in this chapter include what companies have a meaningful market share and how each company is performing.
External Environment
What's included in the External Environment chapter?
The External Environment chapter covers Key Takeaways, External Drivers, Regulation & Policy and Assistance in the Mineral & Phosphate Mining industry in the United States. This includes data and statistics on factors impacting industry revenue such as economic indicators, regulation, policy and assistance programs.
Questions answered in this chapter include what demographic and macroeconomic factors impact the industry, what regulations impact the industry, what assistance is available to this industry.
Financial Benchmarks
What's included in the Financial Benchmarks chapter?
The Financial Benchmarks chapter covers Key Takeaways, Cost Structure, Financial Ratios, Valuation Multiples and Key Ratios in the Mineral & Phosphate Mining industry in the United States. This includes financial data and statistics on industry performance including key cost inputs, profitability, key financial ratios and enterprise value multiples.
Questions answered in this chapter include what trends impact industry costs and how financial ratios have changed overtime.
Industry Data
What's included in the Industry Data chapter?
The Industry Data chapter includes 10 years of historical data with 5 years of forecast data covering statistics like revenue, industry value add, establishments, enterprises, employment and wages in the Mineral & Phosphate Mining industry in the United States.
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Frequently Asked Questions
What is the market size of the Mineral & Phosphate Mining industry in the United States in 2026?
The market size of the Mineral & Phosphate Mining industry in the United States is $8.6bn in 2026.
How many businesses are there in the Mineral & Phosphate Mining industry in the United States in 2025?
There are 174 businesses in the Mineral & Phosphate Mining industry in the United States, which has declined at a CAGR of 0.3 % between 2020 and 2025.
How may import tariffs affect the Mineral & Phosphate Mining industry in the United States?
The Mineral & Phosphate Mining industry in the United States is likely to be impacted by import tariffs with imports accounting for a moderate share of industry revenue.
How may export tariffs affect the Mineral & Phosphate Mining industry in the United States?
The Mineral & Phosphate Mining industry in the United States is likely to be impacted by export tariffs with exports accounting for a moderate share of industry revenue.
Has the Mineral & Phosphate Mining industry in the United States grown or declined over the past 5 years?
The market size of the Mineral & Phosphate Mining industry in the United States has been growing at a CAGR of 1.1 % between 2020 and 2025.
What is the forecast growth of the Mineral & Phosphate Mining industry in the United States over the next 5 years?
Over the next five years, the Mineral & Phosphate Mining industry in the United States is expected to grow.
What are the biggest companies in the Mineral & Phosphate Mining industry in the United States?
The biggest companies operating in the Mineral & Phosphate Mining industry in the United States are Mosaic Co, Compass Minerals International, Inc. and Rio Tinto Plc
What does the Mineral & Phosphate Mining industry in the United States include?
Potassium salts and boron mining, quarrying and beneficiating and Sodium carbonate and sulfate mining, quarrying and beneficiating are part of the Mineral & Phosphate Mining industry in the United States.
Which companies have the highest market share in the Mineral & Phosphate Mining industry in the United States?
The company holding the most market share in the Mineral & Phosphate Mining industry in the United States is Mosaic Co.
How competitive is the Mineral & Phosphate Mining industry in the United States?
The level of competition is moderate and increasing in the Mineral & Phosphate Mining industry in the United States.
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