Blockchain in Metals and Mining Market Report 2025 (Global Edition)

Global Blockchain in Metals and Mining Market Report 2025 Market Size Split by Applications (Metal Industry, Mining Industry), by Product Types (Public Blockchain, Private Blockchain)

Blockchain in Metals and Mining Market Report Description

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Blockchain in Metals and Mining Market Insights Video

Competitive Landscape of the Blockchain In Metals And Mining market

These major firms are all competing in the blockchain sector using various techniques. While some businesses collaborate with existing platforms, others are concentrating on creating their blockchain platforms. While some businesses offer a broader range of solutions, others concentrate on particular applications, such as tracking gold or diamonds.

Blockchain In Metals And Mining Industry News

In February 2023, the Responsible Minerals Initiative (RMI) created a new blockchain platform named the "Cobalt Blockchain Initiative.

Source-www.responsiblemineralsinitiative.org/minerals-due-diligence/cobalt/

In January 2022, Glencore and Managem cooperated to produce cobalt in Morocco using discarded battery components.

Source-www.glencore.com/media-and-insights/news/glencore-and-managem-set-up-partnership

Top Companies Market Share in Blockchain in Metals and Mining Industry: (In no particular order of Rank)

• Karuschain
• Accenture
• RCS Global Group
• Everledger
• Blockhead Technologies
• Minespider
• IBM
• Mine
• ING
• MineHub
• Verisk
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*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

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In terms of revenue, the North America Blockchain In Metals And Mining market Market share was 40% of the total market

According to Cognitive Market Research, North America dominated the market in 2023 and accounted for around 40% of the global revenue. A powerful combination of regional variables drives the blockchain adoption boom in the North American mining and metals sector. Tight laws about ethical sourcing and transparency, common in the US and Canada, are working in perfect harmony with blockchain technology, making it possible to generate tamper-proof and traceable records of each stage of the supply chain.

Europe is the fastest-growing category. Europe's use of blockchain technology is igniting a multibillion-dollar industry in the mining and metals sector. Factors like strict rules on conflict minerals and sustainability and a tech-savvy citizenry drive this rise. Blockchain is being used by businesses to trace the provenance of metals, guaranteeing that the resources are sourced responsibly and that laws like the EU Conflict Minerals Regulation are followed. This improves the company's reputation and makes big green contracts more accessible.

The current report Scope analyzes Blockchain in Metals and Mining Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Blockchain in Metals and Mining

According to Cognitive Market Research, the global blockchain market for metals and mining was estimated to be worth USD XX billion in 2023. Of this, North America accounted for the largest share of the market, accounting for over 40% of global revenue. The market is expected to grow at a compound annual growth rate (CAGR) of 4.4% between 2023 and 2030 due to growing consumer and regulatory pressure for ethical and sustainable sourcing, which will increase demand for these practices. Customers demand transparency and traceability throughout the supply chain as they become more concerned about the effects of the metals and minerals they come into contact with on the environment and society. According to Cognitive Market Research, the metal industry, known for its ease of use and versatility, is a significant driver, as it helps consumers achieve well-defined, on-trend eyebrow styles. In addition, inclusion, product innovation, and influencer culture are important factors in maintaining market demand and growth. In conclusion, the North American blockchain in the metals and mining market is thriving due to the growing need for blockchain technologies in the region.

• According to Cognitive Market Research, the US had a major share in the blockchain in the metals and mining market, with a market size of USD XX billion in 2023, and it is projected to grow at a CAGR of 4.2% during the forecast period. 
• The Canadian blockchain market for metals and mining is expected to develop at a compound annual growth rate (CAGR) of 5.2% during the forecast period, with a market share of USD XX billion in 2023.
• The Mexican blockchain in the metals and mining market is projected to grow at a CAGR of 4.9% during the forecast period, with a market size of USD XX billion in 2023.

Europe Blockchain in Metals and Mining

According to Cognitive Market Research, with a market value of USD XX billion in 2023 and projected to expand at a compound annual growth rate (CAGR) of 4.7% from 2023 to 2030, Europe accounted for a share of over 30% of the global market size of USD XX billion the European blockchain industry for metals and mining is a unique combination of developing blockchain technology and strict legal frameworks promoting ethical and responsible sourcing. Blockchain's transparency and traceability benefits are made possible by the European Union's goal to lead the world in responsible sourcing, reflected in measures like the Conflict Minerals Regulation and the impending Due Diligence for Sustainable Corporate Governance Regulation.  According to Cognitive Market Research, the metal industry is a significant consumer segment. Europe has a sophisticated and well-established metal industry. The industry is composed of several sizable international businesses. In conclusion, the growth of blockchain technology in the European mining and metals sector is a result of regional advancements in the field.

• According to Cognitive Market Research, the size of the German blockchain in the metals and mining market was valued at USD XX billion in 2023 and is projected to grow at a CAGR of 4.9% during the forecast period. 
• The United Kingdom blockchain in metals and mining market had a market share of USD XX billion in 2023 and is projected to grow at a CAGR of 5.5% during the forecast period. 
• The French blockchain in the metals and mining market is projected to grow at a CAGR of 3.9% during the forecast period, with a market size of USD XX billion in 2023.
• The Italian blockchain in the metals and mining market is projected to grow at a CAGR of 4.1% during the forecast period, with a market size of USD XX billion in 2023.
• The Russian blockchain in the metals and mining market is projected to grow at a CAGR of 3.7% during the forecast period, with a market size of USD XX billion in 2023.
• The Spanish blockchain in the metals and mining market is projected to grow at a CAGR of 3.8% during the forecast period, with a market size of USD XX billion in 2023.
• The Portuguese blockchain in the metals and mining market is projected to grow at a CAGR of 4.5% during the forecast period, with a market size of USD XX billion in 2023.
• The Luxembourg blockchain in metals and mining market is projected to grow at a CAGR of 4.8% during the forecast period, with a market size of USD XX billion in 2023.
• The Greece blockchain in metals and mining market is projected to grow at a CAGR of 5.0% during the forecast period, with a market size of USD XX billion in 2023.
• The Rest of Europe's blockchain in the metals and mining market is projected to grow at a CAGR of 3.4% during the forecast period, with a market size of USD XX billion in 2023.

Asia Pacific Blockchain in Metals and Mining

According to Cognitive Market Research, the market for blockchain technology in the metals and mining industry was predicted to be worth USD XX billion in 2023, with a compound annual growth rate (CAGR) of 8.2%. Asia Pacific accounted for almost 23% of this income. between 2023 and 2030 The blockchain is being driven by a dynamic confluence of factors in the metals and mining business in the Asia Pacific region, including expanding resource demand, complex supply networks with inherent inefficiencies, and a rapidly evolving technological landscape. With its ravenous need for metals like copper, lithium, and cobalt to fuel its manufacturing and IT sectors, China, the region's economic superpower, leads the charge. This demand creates a chain reaction throughout the region, resulting in complex supply chains with multiple stakeholders and cross-border linkages. According to Cognitive Market Research, some of the world's biggest mining and metals corporations, as well as a quickly expanding consumer market, are based in the Asia Pacific region. It is, therefore, a top candidate for blockchain adoption.  In conclusion, the Asia Pacific blockchain in the metals and mining market shows significant growth due to the growing demand for resources in the region.

• According to Cognitive Market Research, the size of the Chinese blockchain in the metals and mining market was valued at USD XX billion in 2023 and is projected to grow at a CAGR of 7.7% during the forecast period. 
• The India blockchain in metals and mining market had a market share of USD XX billion in 2023 and is projected to grow at a CAGR of 10.0% during the forecast period. 
• The Japan blockchain in metals and mining market is projected to grow at a CAGR of 6.7% during the forecast period, with a market size of USD XX billion in 2023.
• The South Korean blockchain in metals and mining market is projected to grow at a CAGR of 9.2% during the forecast period, with a market size of USD XX billion in 2023.
• The Australian blockchain in metals and mining market is projected to grow at a CAGR of 7.9% during the forecast period, with a market size of USD XX billion in 2023.
• The South East Asia blockchain in metals and mining market is projected to grow at a CAGR of 9.2% during the forecast period, with a market size of USD XX billion in 2023.
• The Rest of the Asia Pacific blockchain in the metals and mining market is projected to grow at a CAGR of 8.0% during the forecast period, with a market size of USD XX billion in 2023.

South America Blockchain in Metals and Mining

According to Cognitive Market Research, the global blockchain industry for metals and mining is expected to be worth USD XX billion. Of this, the Latin American market accounts for over 5% of global revenue, with a projected market value of USD XX billion in 2023 and projected growth of 5.6% CAGR from 2023 to 2030. The use of blockchain technology in the mining and metals sector is primarily driven by the persistent issues of illicit mining and environmental degradation. The region is beset by widespread deforestation, land contamination, and loss of water resources due to unregulated mining activities. These issues exacerbate societal unrest, harm legitimate miners' reputations, and eventually result in lost revenues. According to Cognitive Market Research, Latin American nations such as Brazil, Chile, Peru, and Mexico are important producers of iron ore, copper, lithium, and other minerals, making the region a significant player in global mining and metals. Furthermore, a growing number of tech startups and businesses in the area are developing blockchain-based solutions for the metals and mining sector. In conclusion, the Latin American blockchain in the metals and mining market exhibits steady growth, driven by the problems of illegal mining, which led to the adoption of blockchain technology.

• According to Cognitive Market Research, the size of Brazil's blockchain in the metals and mining market was valued at USD XX billion in 2023 and is projected to grow at a CAGR of 6.2% during the forecast period. 
• The Argentina blockchain in the metals and mining market had a market share of USD XX billion in 2023 and is projected to grow at a CAGR of 6.5% during the forecast period. 
• The Colombia blockchain in metals and mining market is projected to grow at a CAGR of 5.4% during the forecast period, with a market size of USD XX billion in 2023.
• The Peru blockchain in metals and mining market is projected to grow at a CAGR of 5.8% during the forecast period, with a market size of USD XX billion in 2023.
• The Chile blockchain in metals and mining market is projected to grow at a CAGR of 5.9% during the forecast period, with a market size of USD XX billion in 2023.
• The Rest of Latin America's blockchain in the metals and mining market is projected to grow at a CAGR of 4.7% during the forecast period, with a market size of USD XX billion in 2023.

Middle East and Africa Blockchain in Metals and Mining Market

According to Cognitive Market Research, the global Blockchain In Metals And Mining market size was estimated at USD XX Billion, out of which Middle East and Africa held the major market of more than 2% of the global revenue with a market size of USD XX billion in 2023 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2023 to 2030 the growing need for ethically obtained minerals, especially those essential to the developing renewable energy industry, in the Middle East and Africa (MEA) area is a major factor driving the adoption of blockchain in the metals and mining sector. The importance of guaranteeing ethical mining methods and supply chains free from conflict minerals and environmental destruction is growing among governments and consumers. According to Cognitive Market Research, the metal industry segment has grown substantially in vast quantities of priceless metals in the Middle East and Africa, such as copper, gold, platinum, and rare earth elements. These resources are essential to the area's economy since they raise GDP and export revenue.  In conclusion, the MEA (Middle East and Africa) Blockchain in the metals and mining market exhibits growth potential due to the great adoption of blockchain in the metal and mining sector.

• According to Cognitive Market Research, the GCC Countries' blockchain in metals and mining market size was valued at USD XX billion in 2023 and is projected to grow at a CAGR of 6.7% during the forecast period. 
• The South African blockchain in the metals and mining market had a market share of USD XX billion in 2023 and is projected to grow at a CAGR of 6.9% during the forecast period. 
• The Egyptian blockchain in the metals and mining market is projected to grow at a CAGR of 6.2% during the forecast period, with a market size of USD XX billion in 2023.
• The Turkish blockchain in the metals and mining market is projected to grow at a CAGR of 5.4% during the forecast period, with a market size of USD XX billion in 2023.
• The Nigerian blockchain in the metals and mining market is projected to grow at a CAGR of 5.0% during the forecast period, with a market size of USD XX billion in 2023.
• The Rest of the MEA blockchain in the metals and mining market is projected to grow at a CAGR of 4.9% during the forecast period, with a market size of USD XX billion in 2023.

Blockchain in Metals and Mining Market Analysis

Blockchain In Metals And Mining Market Applications Segment Analysis

The metals sector held the most market share over the projected period, according to Cognitive Market Research. In order to manage metal inventories and transactions more effectively and securely, as well as to offer transparency and traceability in the supply chain, the metals industry is utilising blockchain technology.

The mining industry is the fastest-growing category over the forecast period. Blockchain technology makes it possible to track and trace minerals from the mines to the final user, reducing the risk of fraud and guaranteeing that the minerals come from sustainable and morally responsible sources.

• Metal Industry
• Mining Industry

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Blockchain in Metals and Mining Industry. Request a Free Sample PDF!

Blockchain In Metals And Mining Market Product Types Segment Analysis

According to Cognitive Market Research, public blockchains hold a prominent market share. Given their transparency, data on public blockchains is visible to all parties. For certain businesses that value the privacy of their data, this may be a worry.

Private blockchains are the fastest-growing category over the forecast period; permissioned networks, such as private blockchains, are inaccessible to anybody without authorization. Because of this, they are perfect for usage in the mining and metals industries, where it is necessary to transmit sensitive information with reliable partners.

• Public Blockchain
• Private Blockchain

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Swasti Dharmadhikari

Research associate at Cognitive Market Research

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Swasti Dharmadhikari, an agile and achievement-focused market researcher with an innate ardor for deciphering the intricacies of the Service & Software sector. Backed by a profound insight into technology trends and consumer dynamics, she has committed herself to meticulously navigating the ever-evolving terrain of digital Services and software solutions.

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