What are the types of raw materials?

Key Takeaways. Raw materials are the input goods or inventory that a company needs to manufacture its products. Examples of raw materials include steel, oil, corn, grain, gasoline, lumber, forest resources, plastic, natural gas, coal, and minerals.

What are raw materials found in Nigeria?

The most economically valuable minerals are crude oil, natural gas, coal, tin, and columbite (an iron-bearing mineral that accompanies tin). Petroleum, first discovered in 1956, is the most important source of government revenue and foreign exchange.

What are 10 raw materials and their finished products?

animal: wool,silk, hides. vegetal: cotton, wood, cork, linen. mineral: copper, marble, clay, iron….Raw materials, technical materials and their manufactured goods.

Technical materials Manufactured goods
Stone Construction materials, decorative objects, marble sculpture
Metals Structural components, electrical components, machine parts, tools, fixtures and fasteners

What are examples of common raw materials available in your locality?

Examples of raw materials:

  • Grains such as wheat and rice.
  • Vegetables such as carrots and onions.
  • Meat such as beef and chicken.
  • Wood from a tree.
  • Honey from a bee’s nest.
  • Minerals or metal from a mine.
  • Crude oil.

How do you classify raw materials?

Types of raw materials

  1. Plant/tree-based – materials like vegetables, fruits, flowers, wood, resin, latex are obtained from plants and trees.
  2. Animal-based– materials like leather, meat, bones, milk, wool, silk are all obtained from animals.
  3. Mining-based– materials like minerals, metals, crude oil, coal, etc.

What is raw materials in business?

Raw materials are the resources used by a company to produce its finished goods and products.

What are the raw materials in agriculture?

Raw materials

  • Palm oil.
  • Soya.
  • Coffee.
  • Rice.
  • Cocoa.
  • Fruit and vegetables.
  • Peat.
  • Wood and paper.

What are raw materials and manufactured goods?

Raw materials refer to unfinished substances or unrefined natural resources used to manufacture finished goods. These materials undergo processing and transformation into intermediate substances, further used to make final products for sale.

How many types of industries are there on the basis of raw materials?

Industries are classified on different basis such as raw materials, size and ownership. If we talk about the basis of size, then there are four types of industries, i.e. large scale industries, small scale industries, medium industries and cottage industries.

What are the three sources of raw material?

Sources Of Raw Materials

  • Animal-Based: Agro-industries are the most common users of these commodities.
  • Plant-Based: These are forestry and agriculture-derived materials.
  • Mineral-Based: These materials obtained through extraction include clay, sand, marble, iron ore, gasoline, natural gas, coal, precious metals, etc.

What are examples of agricultural materials?

Agricultural materials – include agricultural production inputs such as fertilizers, pesticides, seeds and planting materials, veterinary medicine, and animal feeds and feed additives.