PUBLISHER: Orion Market Research Pvt Ltd | PRODUCT CODE: 1159423
PUBLISHER: Orion Market Research Pvt Ltd | PRODUCT CODE: 1159423
Title:
Global Mining Waste Management Market Size, Share & Trends Analysis Report
by Source (Surface Mining, and Underground Mining), by Waste Type (Solid Waste, and Liquid Waste), and by Commodity (Minerals, Fuels, Iron, Ferro Alloys, Industrial Minerals, and Others) Forecast Period, 2022-2028.
The global mining waste management market is projected to grow at a modest CAGR of 5.9% during the forecast period (2022-2028). To obtain the target commodity, mining usually entails transferring and processing enormous amounts of materials. Mine waste is the term for this extra material. Many companies spend significant amount of time and resources to manage these waste effectively through techniques waste rock piles, spent heap leach facilities, tailings management facilities, and overburden. Governments plays a central role in ensuring that these by-products of the mining sector are effectively and safely managed. Due to increasing environmental awarness across the globe, the demand for effective and automated waste management systems are increasing atributing to the growth of the global mining waste management market. For instance, in May 2020, Birmingham, Chattanooga, and Pensacola: Golder expands in the southeastern US to meet client needs in the southeast. The company's extension helps to significantly serve its clients in the mining and industrial industries.
The global mining waste management market is segmented on the basis of source, waste type, and commodity. On the basis of source, the market is segmented into surface mining and underground mining. Surface mining segment is expected to contribute significant market share as it offers advantages as it is cheaper, can recover more of the resource (usually up to 100% within the mining excavation), is safer and can use larger-scale mining equipment offering higher production rates. On the basis of waste type, the market is segmented into solid waste and liquid waste. Solid waste market is expected to contribute significant market share owing to various government regulation related to municipal solid waste . Based on commodity, the market is segmented into the minerals, fuels, iron, ferro alloys, industrial minerals, and others. Industry minerals segment is expected to have a major market share during the forecast period.
The global mining waste management market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East &Africa, and Latin America). North America is anticipated a significant growth in the market. The US is one of the world's largest producers of Gold. The rise in the gold mining industry, the mining waste management market is growing. For instance, In 2021, the US produced 180 MT of gold. Furthermore, the Canadian government states that gold is the nation's most valuable mined commodity, with C$12.3 billion worth of the precious metal produced in 2020.
The major companies serving the global mining waste management market: AmecFoster Wheeler, Ausenco, EnviroServ Waste Management (PTY) Ltd., Interwaste Holdings Ltd., Veolia Environment, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, in April, 2022 , Josemaria Resources Inc.'s issued and outstanding shares have been bought by Lundin Mining Corporation. The Josemaria project strengthens Lundin Mining's position as a leading base metals producer with high-quality copper exposure and great development potential.
The market study of the global mining waste management market is incorporated by extensive primary and secondary research conducted by the research team at OMR. Secondary research has been conducted to refine the available data to break down the market into various segments, and derive the total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives as possible, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.
The report provides an in-depth analysis of the market size, and intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.