The global mining industry experienced a 30% decline in the number of environmental sustainability-related patent applications in Q1 2024 compared with the previous quarter. The total number of environmental sustainability-related grants dropped by 14% in Q1 2024, according to GlobalData’s Patent Analytics. GlobalData’s databook Mining: Patents Trends Q1 2024 offers comprehensive insights into patenting trends, major players’ strategies, and geographical focus in the sector over the last three years. Buy the databook here.
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Notably, the number of environmental sustainability-related patent applications in the mining industry was 408 in Q1 2024, versus 584 in the prior quarter.
The top five companies accounted for 59% of patenting activity
Analysis of patenting activity by companies shows that JFE filed the most environmental sustainability patents within the mining industry in Q1 2024. The company filed 100 environmental sustainability-related patents in the quarter, compared with 112 in the previous quarter. It was followed by China Baowu Steel Group with 79 environmental sustainability patent filings, ArcelorMittal (24 filings), and Mitsui Mining & Smelting (21 filings) in Q1 2024.
Patenting activity was driven by China with a 28% share of total patent filings
The largest share of environmental sustainability related patent filings in the mining industry in Q1 2024 was in China with 28%, followed by Japan (13%) and the US (9%). The share represented by China was 122% lower than the 151% share it accounted for in Q4 2023.
For further understanding of GlobalData's Mining: Patents Trends Q1 2024, buy the databook here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Patent Analytics tracks patent filings and grants from official offices around the world. Textual analysis and official patent classifications are used to group patents into key thematic areas and link them to specific companies across the world’s largest industries.
