Global Mining Waste Management Market, By Mining Method (Surface Mining, Underground Mining), Mineral/Metal (Thermal Coal, Coking, Iron Ore, Gold, Copper, Nickel, Lead, Zinc, Bauxite), Waste Type (Mine Water, Overburden/Waste Rock, Tailings) – Industry Trends and Forecast to 2029.
Mining Waste Management Market Analysis and Size
The mining industry is made up of numerous businesses that carry out routine tasks like extraction and mining. Processing minerals, beneficiation, and extraction all play a part in mining operations, which generate a lot of trash. Waste, including non-recyclable waste elements like dirt and debris, is produced during the extraction process. The size of the mine affects how much waste is produced during mining operations. More waste is produced throughout the mining procedures as mine size increases.
Global mining waste management market was valued at USD 188.90 billion in 2021 and is expected to reach USD 301.08 billion by 2029, registering a CAGR of 6.00% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Mining Waste Management Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Mining Method (Surface Mining, Underground Mining), Mineral/Metal (Thermal Coal, Coking, Iron Ore, Gold, Copper, Nickel, Lead, Zinc, Bauxite), Waste Type (Mine Water, Overburden/Waste Rock, Tailings)
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Countries Covered
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U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
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Market Players Covered
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Daiseki Co., Ltd. (Japan), Tetronics Environmental Waste Treatment (U.K.), Aevitas Pharmagro Tech Pvt. Ltd. (Canada), Global Mining Solutions (Canada), Zeal Environmental (Ghana), Ramboll Group A/S (Denmark), Knight Piésold (South Africa), Metsana Group (South Africa), Earth Systems (Australia), Ausenco Pty Ltd. (Australia), EnviroServ (South Africa), Interwaste (South Africa), Veolia Environnement (France), Golder Associates (Canada), Hatch Ltd. (Canada), Teck Resources Limited (Canada), Tetra Tech, Inc. (U.S.), American Waste Management Services, Inc. (U.S.), ATC Williams (Australia), Jones & Wagener (South Africa), Cleanway Group (Australia), Stantec (U.S.), Enviropacific Services Limited (Australia) and Averda (UAE)
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Market Opportunities
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Market Definition
The strategies used for proper disposal and storage of mining waste are referred to as mining waste management. During the extraction and processing of minerals and metals such coal, copper, gold, iron, lead, zinc, and bauxite, mining waste is produced. Overburden, tailing, and mine water management are a few of the methods used frequently to control mining waste. Land contouring, recycling, and getting construction aggregate for structures and roadways all include the usage of overburden. Mine water management includes treatment and utilization for dust and particulate suppression and agricultural or industrial use. Mine tailing is used to produce tiles, clay, glass, and concrete. They provide a number of advantages, including the sustainable management of the mining resources and little contamination of the air, soil, and water.
Mining Waste Management Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Awareness Regarding Environment Safety
The rising environmental consciousness among processors is accelerating industry expansion. The demand for different metals and minerals has significantly increased due to the expanding world population, which has caused a spike in mining activity. To reduce the damaging effects on the environment, this in turn is increasing the need for mining waste management strategies. Management of mining waste promotes sustainable recycling and ethical procurement of these metals.
- Popularity of Surface Mining Method
The surface mining method is anticipated to dominate the mining waste management market over the course of the forecast period. As compared to the underground mining approach, surface mining is more affordable, safe, and has a higher rate of exploration. Coal, iron, gold, nickel, zinc, and other metals and minerals are all extracted using surface mining techniques. The global surface mining industry will be driven by the expanding usage of these metals and minerals in diverse end-use sectors. As a result, the market for mining waste management will expand largely over the forecast period.
Furthermore, the rising demand for metals and minerals across various industries coupled with the rapid industrialization across the globe will further propel the growth rate of mining waste management market. Additionally, the expanding need for effective waste management following Deepwater and ultra-Deepwater oil mining and extraction operations will also drive market value growth. The expansion of the automotive industry and the increase in defense budgets are other market growth determinants projected to bolster the market's growth. In addition, the widespread use of electric cars (EVs) is a factor that stimulates growth, as a complicated concentration of metals, such as cobalt, nickel, and lithium, are needed for EVs and are generally sourced through mining operations.
Opportunities
- High Production and Exploration of Metals
Furthermore, the increased production and exploration of metals and minerals further offers profitable opportunities to the market players in the forecast period of 2022 to 2029. The surge in activities such as the production and exploration of metals and minerals further create the need for the mining waste management.
- Adoption of Advanced Co-Disposal Techniques
Many businesses are using the co-disposal method to manage mine waste effectively to provide growth opportunities to the market. Waste boulders and fine tailings are combined and disposed of simultaneously using this method. This procedure helps maintain the physical and chemical stability of the mining wastes and optimum refining. Compared to conventional disposal approaches, co-disposal systems offer several advantages.
Restraints/Challenges
- Environmental Considerations
The hazard to wildlife and vegetation from harmful dusting, water and soil pollution, gas emissions, land usage, possible risk from unusual weather phenomena (landslides, liquefaction), the effects of urban mining, and the use of chemicals and garbage are the environmental factors that should largely be considered before the waste management process. This factor will create hindrances for the growth of the mining waste management market.
- Dearth Of Efficient Waste Management Practices
The majority of environmental deterioration caused by mining waste is attributed to improper leaching and acid mine drainage control techniques. Mine waste overburden dump leachates have the potential to contaminate nearby water supplies. The majority of mine waste is still retained in facilities despite numerous recycling techniques. Modern mine closures have made the long-term storage of the mining assets a crucial concern. As a result, this factor will challenge the mining waste management market growth rate.
This mining waste management market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the mining waste management market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Mining Waste Management Market
The coronavirus had a negative impact on the mining waste management market due to decline in demand for mining waste management. The market was adversely affected due to the low demand from different mining industries due to the lockdown imposed by governments of many economies. Moreover, due to the protracted lockdown in many developed nations, the COVID-19 pandemic has halted manufacture of a number of products in the mining waste management sector. This has considerably slowed the mining waste management market's growth over the past few months, and it will probably do so until 2020. According to estimates, COVID-19 will have a negative effect on market growth throughout the year and has already had an influence on the sales of machinery and equipment in the first quarter of 2020. Prior to the coronavirus outbreak, the main need for equipment and machinery was seen in large manufacturing nations like the United States, Germany, Italy, the United Kingdom, and China. However, this demand has now stopped due to the spread of the coronavirus in these countries.
Additionally, the potential impact of the lockdown is presently undefined, and organizations’ ability to recover financially depends entirely on their cash reserves. Equipment and machinery firms can only sustain a complete lockdown for a limited period of time before the participants must change their investment strategies. In order to deal to immediate emergencies and establish new methods of working after COVID-19 infection instances start to decline, makers of equipment and machinery must concentrate on safeguarding their employees, operations, and supply chains.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Recent Development
- In May 2020, the expansion of Golder Associates Inc.'s facilities in Birmingham (Alabama), Pensacola (Florida), and Chattanooga was announced (Tennessee). The company's expansion aims to better serve its customers in the manufacturing and mining industries.
Global Mining Waste Management Market Scope
The mining waste management market is segmented on the basis of mining method, mineral/metal and waste type. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Mining Method
- Surface Mining
- Underground Mining
Mineral/Metal
- Thermal Coal
- Coking
- Iron Ore
- Gold
- Copper
- Nickel
- Lead
- Zinc
- Bauxite
Waste Type
- Mine Water
- Overburden/Waste Rock
- Tailings
Mining Waste Management Market Regional Analysis/Insights
The mining waste management market is analyzed and market size insights and trends are provided by country, mining method, mineral/metal and waste type as referenced above.
The countries covered in the mining waste management market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the market in terms of market share and market revenue and will continue to flourish its dominance during the forecast period of 2022-2029. The market growth over this region is attributed to the high demand of minerals and metals along with growth of the various end-use industries such as electrical, automotive, construction, power and energy within the region.
North America on the other hand, is estimated to show lucrative growth over the forecast period of 2022-2029, due to the increasing introduction of advanced mining waste management technology in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Mining Waste Management Market Share Analysis
The mining waste management market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to mining waste management market.
Some of the major players operating in the mining waste management market are
- Daiseki Co., Ltd. (Japan)
- Tetronics Environmental Waste Treatment (U.K.)
- Aevitas Pharmagro Tech Pvt. Ltd. (Canada)
- Global Mining Solutions (Canada)
- Zeal Environmental (Ghana)
- Ramboll Group A/S (Denmark)
- Knight Piésold (South Africa)
- Metsana Group (South Africa)
- Earth Systems (Australia)
- Ausenco Pty Ltd. (Australia)
- EnviroServ (South Africa)
- Interwaste (South Africa)
- Veolia Environnement (France)
- Golder Associates (Canada)
- Hatch Ltd. (Canada)
- Teck Resources Limited (Canada)
- Tetra Tech, Inc. (U.S.)
- American Waste Management Services, Inc. (U.S.)
- ATC Williams (Australia)
- Jones & Wagener (South Africa)
- Cleanway Group (Australia)
- Stantec (U.S.)
- Enviropacific Services Limited (Australia)
- Averda (UAE)
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