March 2020
BWC19438

180
mining waste management market bwc19438
Global
Mining Waste Management Market Forecast and Trends
The global Mining Waste
Management market has reached USD 195.30 Billion tons in 2019 and estimated to
reach approx.. USD 289.24 Billion Tons in 2026 and anticipated to grow by CAGR
of 5.78% during the forecast period 2020-2026. Due to the growing population,
metal and mineral consumption is growing at a significant rate around the
world. The mineral commodity market is likely to develop as a new mineral. The
increasing demand for metals will, therefore, lead to increased mining
operations, which will add to the market for mining waste management. The waste
produced by this extraction of minerals, which has a severe impact on the
environment, which increases the need for the management of demand mining
waste. The growth of this mining industry has sparked the need for a market in
the management of mining waste.
Increasing awareness of
safety and sustainable environment adoption to live a healthy life has guided
the growth of the demand for Mining Waste Management over the 2020-2026
forecast period. The advent of deep-sea mining will be one of the key market
developments in mining waste management to gain traction over the projected
timeframe. The industry is seeing a gradual shift towards offshore mining with
onshore mining approaching saturation. The seabed is rich in mineral content
which increases the mineral recovery potential. The oil and gas sector has
already invested in exploration offshore and has accepted deepwater and
ultra-deepwater as standard oil extraction activities. Mineral extraction by deep-sea mining will
further increase demand for the management of mining waste during the forecast
period.
Global
Mining Waste Management Market: Overview
Mining waste is produced
when minerals are extracted, enriched, and processed. The first phase of mining
activity is the extraction process. Once the ore is transported to the surface,
mineral extraction is further extracted, this process produces a large quantity
of waste due to the amount of recoverable metal, which is typically a small
fraction of the total mass even of a high-grade rock. Besides, higher-grade
ores are getting depleted with rising mining activities. As a result, the
industry of mining waste management is now focused on deposits of lower grades.
As a consequence, the amount
of waste produced increases. Mining operations produce large amounts of mining
waste during mineral extraction, reclamation, and processing. The larger the
mini size, the higher the quantity of waste generated. Once the ore has been
carried to the surface, mineral extraction is further processed. Due to the
amount of recoverable metal, which is usually a small fraction of the total
mass, even of a high-grade rock, this method often produces a significant
quantity of waste. Besides, higher-grade ores are getting depleted with rising
mining activities. As a result, the industry of mining waste management is now
focused on deposits of lower grades. Therefore the amount of waste produced
increases.
Growth
drivers
Growing power and utility
sector
The growing power and utility
sector is a major driving force for growth in the global market for the
management of mining waste. However, growing environmental concerns are another
factor expected to fuel the growth of the market for mining waste management
over the forecast period.
Rapid industrialization,
urbanization, and the growing transportation industry
Rapid industrialization,
urbanization, and the increasing transport industry are expected to drive
thermal coal demand. In addition, the growth of the manufacturing and construction
sector is fuelling the demand for cement, which is expected to drive the market
for mining waste management in the coming years.
Restraint
Operational challenges for
managing & lack of skilled professional
Operational waste management
issues during mining waste management are expected to be a major factor in
limiting the growth of the global market for mining waste management over the
forecast period. Another factor expected to slow target market growth in the
near future is the lack of a skilled workforce.
Global
Mining Waste Management Market: Method
During the forecast period,
the surface mining system segment is projected among the mining methods to lead
the market in mining waste management. Surface mining is a low cost, safe, and
has a high rate of exploration in comparison with the underground mining
process. Surface mining is commonly employed in copper, iron, gold, nickel,
zinc, and other metals and minerals production. The growing use of these metals
and minerals in various end-use industries would drive globe-wide surface
mining activities. It, in effect, would fuel the increase in the demand for
mining waste management.
Global
Mining Waste Management Market: Metals/Minerals
The thermal coal segment is expected to lead the market in mining waste management between 2016 and 2026, among metals/minerals. Thermal coal is commonly used in power and energy generation, and the manufacture of cement. Demand for power and energy is increasing as the transport industry is rapidly industrializing, urbanizing, and growing. The growing market for construction and construction is fuelling the demand for cement, which is expected to drive the market for mining waste management in the near future. Coal is expected to lead the Mining Waste Management Market because of its high demand from the energy and power sectors. Power and energy sectors are now focused on sustainable growth in renewables; however, coal still forms a large part of the global energy generation pie.
Global
Mining Waste Management Market: Waste Type
The tailings segment of the
market for mining waste management is projected to grow at the highest CAGR
over the forecast period based on waste volume. Tailings are water-based waste
products left after gangue removal from the ores during surface mining operations,
and large quantities of residues are produced during the processing and
exploration of thermal coal, iron ore, copper, coking coal, and other metals
and minerals. The processing and discovery of these metals and minerals are
likely to create enormous amounts of mining waste that is expected to drive the
demand for mining waste management in the coming years. Overburden & waste
rock is produced during open-pit mining creation and when minerals are
extracted from underground mines. Mineral and ground rock wastes created during
the mineral processing operations are tailings. In a mine site, mine water can
be created in many ways and can be harmful if combined with regular water. Certain types of waste include slag, sludge
for water treatment, and gaseous waste.
Global
Mining Waste Management Market: Regional Insights
North America, Europe, Asia-Pacific, and Latin America & MEA segmented the mining waste management industry geographically. In 2020 the Asia Pacific region is expected to lead the market for mining waste management. China, Australia, Kazakhstan, and India are the leading countries contributing a significant share to the demand for mining waste management. The growing population, rapid industrialization, and improvement of these countries ' economic conditions are expected to drive the growth of various end-use industries in the region, such as the automobile, electrical & electronics, power & energy, and construction markets. Metals & minerals are in high demand and the coal from these end-use industries. The market in North America is also expected to see significant growth over the forecast period due to the growing advanced technology in the region for mining waste management.
Mining
Waste Management: Competitive Landscape
The major market players in
the Mining Waste Management market are focusing on explaining their portfolio
of services in the global market. Such as AMG Advanced Metallurgical Group,
Mandalay Resources Ltd, United States Mining Waste Management Corporation,
Korea Zinc, Recyclex, Nihon Seiko Co., Ltd., Umicore, Hunan Chenzhou Mining
Group Co., Ltd, Huachang Mining Waste Management Industry, Geopromining, Ltd.,
Consolidated Murchison Mine, Belmont Metals, American Elements, Tri-Star
Resources PLC, Amspec Chemical Corporation and Other Prominent Players.
The
objective of the Study:
To analyze and forecast the
global Mining Waste Management market size of the market in terms of value.
To examine the careful
market segmentation and forecast the market size, in terms of value, based on
the region by segmenting.
The Global Mining Waste
Management market segmented into five regions, namely, North America, Europe,
Asia Pacific, Middle East, South America, and their leading countries.
To outline, categorized, and
forecast the global Mining Waste Management market based on the mining method,
metal/minerals, waste type with the region.
To examine competitive
developments like technological advancement, services, and regulative framework
within the global Mining Waste Management market.
To highlight the impact
analysis of the factors affecting the market dynamics such as drivers,
restraints, opportunities, and challenges.
To strategically profile the
key players and comprehensively analyze their market shares along with
detailing the competitive landscape for market leaders.
Scope of the Report:
Attribute |
Details |
Years Considered |
Historical data – 2016-2019 |
Base Year – 2019 |
|
Forecast – 2020 – 2026 |
|
Facts Covered |
Revenue in USD Million/Billion |
Market Coverage |
U.S, Canada, Germany, UK, France, Italy, Spain, Brazil, Mexico,
Argentina, Japan, South Korea, China, India, UAE, South Africa, Saudi Arabia |
Product/Service Segmentation |
By Mining Method, Metal/Minerals, and Waste
Type |
Key Players |
AMG Advanced Metallurgical Group, Mandalay Resources Ltd, United
States Mining Waste Management Corporation, Korea Zinc, Recyclex, Nihon Seiko
Co., Ltd., Umicore, Hunan Chenzhou Mining Group Co., Ltd, Huachang Mining
Waste Management Industry, Geopromining, Ltd., Consolidated Murchison Mine, Belmont
Metals, American Elements, Tri-Star Resources PLC, Amspec Chemical
Corporation, and Other Prominent Players. |
By Mining Method
·
Surface
·
Underground
By Metal/Minerals
·
Thermal Coal
·
Coking Coal
·
Bauxite
·
Iron Ore
·
Copper
·
Lead
·
Others
By Waste Type
·
Overburden/Waste Rock
·
Tailings
·
Mine Water
By Region:
·
North America
·
Europe
·
Asia Pacific
·
Latin America
·
Middle East & Africa
Business
Questions Answer by the Report
How will the market drivers,
restraints, and opportunities affect the market dynamics?
What will be the market size
in terms of value and volume and market statistics with a detailed
classification?
Which segment dominates the
market or region, and one will be the fastest-growing, and why?
A comprehensive survey of
the competitive landscape and the market participant players
Analysis of strategy adopted
by the key player and their impact on other players.
Customization
Scope for the Client
Client satisfaction is our
first and last priority, and that’s why BlueWeave Consulting offers
customization according to Company’s specific needs. The following customization
options are available for the report:
Additional
Company Information
With five additional company
detail analysis
Additional country analysis
Detailed segment analysis
We've been tracking the direct impact of COVID-19 on this market, and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Contact our sales team for more details at
Contact NowWHY CHOOSE US
-
24/7 Research support
Get your queries resolved from an industry expert. Request for a free product review before report purchase.
-
Coustom Research Service
Ask the Analyst to customize an exclusive study to serve your research needs.
-
Quality & Accuracy
offers best quality reports based on various authentic and accurate data findings.
-
Data Visualization
As the business world is changing dynamically every day. We need to stay pin point in relation to data management and optimum data utilization
-
Information security
We never share your personal and confidential information. Your personal information is safe and secure with us.