IMARC Group’s latest report, titled “Mining Waste Management Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” finds that the global mining waste management market size reached 199.7 Billion Tons in 2022. Mining waste management refers to the proper storage and disposal of mining waste generated during the extraction, beneficiation, and processing of minerals and ores. It relies on numerous techniques, such as overburden, tailing, and mine water management. While overburden is employed for contouring land, reprocessing, and obtaining construction aggregate for buildings and roads, tailing is used for manufacturing tiles, clay, glass, and concrete. On the other hand, mine water management involves treating and utilizing dust and particulate suppression for agricultural or industrial use. Since it facilitates sustainable management of mining resources and ensures minimal contamination of air, soil, and water, mining waste management is rapidly gaining traction across the globe.
Global Mining Waste Management Market Trends:
The increasing environmental concerns among processors, coupled with the rapid growth in the mining industry, represent the primary factor driving the market growth. Additionally, there is a surge in deepwater and ultra-deepwater oil mining and extraction activities across the globe. In line with this, the shifting focus toward mining activities due to the escalating demand for metals and minerals from numerous end use industries has strengthened the need for efficient waste management techniques to reduce the adverse effects on the environment. Besides this, mining waste management assists in sustainable recycling and safe and responsible metal sourcing. As a result, the rising production and sales of electric vehicles (EVs) that require a complex concentration of metals, such as cobalt, nickel, and lithium, extracted through mining activities have augmented the product demand. Furthermore, several key players are heavily investing in research and development (R&D) activities to launch novel equipment for effective mining waste disposal. Along with this, the introduction of smart mining waste management technologies to reduce the need for a highly trained workforce to handle hazardous mine waste has propelled market growth. Other factors, including the expanding power and energy sector, surging demand for mineral fuels owing to rapid industrialization, and continual technological advancements, are also providing a positive thrust to the market growth. Looking forward, IMARC Group expects the market volume to reach 266.0 Billion Tons by 2028, growing at a CAGR of 5.3% during 2023-2028.
- Based on the mining type, the market has been bifurcated into surface and underground mining.
- On the basis of the mineral/metal, the market has been classified into coal, iron, gold, aluminum, copper, nickel, and others.
- The market has been segmented based on the waste type into waste rock, tailings, mine water, and others.
- Region-wise, the market has been divided into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and the Middle East and Africa.
- The competitive landscape of the market has also been analyzed, with some of the key players being AMEC Foster Wheeler Plc (John Wood Group Plc), Ausenco Limited, Enviropacific Services Limited, EnviroServ Waste Management Ltd., Golder Associates Inc. (Enterra Holdings Ltd.), Hatch Ltd., Interwaste Holdings Limited (Séché South Africa Proprietary Limited), Teck Resources Limited, Tetra Tech Inc., Veolia Environnement S.A., and Ramboll Group A/S.
|Base Year of the Analysis
||Billion Tons, US$ Billion
||Mining Type, Mineral/Metal, Waste Type, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
||AMEC Foster Wheeler Plc (John Wood Group Plc), Ausenco Limited, Enviropacific Services Limited, EnviroServ Waste Management Ltd., Golder Associates Inc. (Enterra Holdings Ltd.), Hatch Ltd., Interwaste Holdings Limited (Séché South Africa Proprietary Limited), Teck Resources Limited, Tetra Tech Inc., Veolia Environnement S.A. and Ramboll Group A/S
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