USD 200.23 billion
Mining Waste Management Market Size, Share, Growth Analysis, By Mining Method(Surface, Underground), By Metals/Minerals(Thermal Coal, Coking Coal, Iron Ore, Gold), By Waste Type(Overburden/Waste Rock, Tailings, Mine Water), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20L2048 |
Region:
Global |
Published Date: May, 2024
Pages:
202
|Tables:
96
|Figures:
72
Mining Waste Management Market Insights
Global Mining Waste Management Market size was valued at USD 200.23 billion in 2022 and is poised to grow from USD 212.25 billion in 2023 to USD 338.29 billion by 2031, growing at a CAGR of 6% in the forecast period (2024-2031).
Mining waste management refers to the disposal and management of waste generated by mining operations. High emphasis on reducing the adverse impact of improper waste disposal on the environment is projected to primarily boost the demand for mining waste management solutions and services in the future. Growing industrialization and urbanization are also boosting mining activity around the world and are slated to create a new growth scope for mining waste management companies as well. Rising focus on sustainability, adoption of corporate social responsibility (CSR) initiatives by mining companies, and strict laws necessitating the use of mining waste management solutions are all driving market growth. China and Australia are projected to help Asia Pacific region maintain its dominance across the forecast period and beyond.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Surface
Fastest Growth
Underground
Growth Rate
6% CAGR
Global Mining Waste Management Market ($ Bn)
Country Share for Asia Pacific Region (%)
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Mining Waste Management Market Segmental Analysis
The global mining waste management market is segmented based on waste type, mining method, metals/minerals, and region. In terms of based on waste type, the market is segmented into overburden/waste rock, tailings, and mine water. Based on metals/minerals, the mining waste management market is segmented into thermal coal, coking coal, iron ore, gold, copper, nickel, lead, zinc, bauxite, and others. Based on mining method, the mining waste management market is segmented into surface and underground. Based on region, the market is segmented into Asia Pacific, North America, Latin America, Europe, and the Middle East and Africa.
Analysis by Mining Method
Surface mining is projected to lead the demand for mining waste management across the forecast period and beyond owing to high amount of waste generation through this mining method. The growing number of surface mines around the world is also contributing to the dominance of this segment. High emphasis on reducing waste from these mines will also promote the demand for mining waste management in this segment.
On the other hand, use of mining waste management solutions and services in underground mining is projected to increase at a robust pace over the coming years. High operating costs of underground mines are pushing mining companies to deploy advanced mining waste management solutions to keep the costs under control.
Analysis by Waste Type
Overburden/waste rock is projected to account for a dominant share of the global mining waste management market. Almost all mines generate waste rocks in some or the other form and most mining methods require breaking or removing rocks resulting in waste rock. Hence, requirement for mining waste management solutions and services is high for waste rocks.
Meanwhile, use of mining waste management for mine water is expected to increase at a rapid pace over the coming years. Increasing imposition of stringent regulations regarding disposal of wastewater from mines is projected to help market growth via this segment in the future.
Global Mining Waste Management Market By Mining Method
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Mining Waste Management Market Regional Insights
The Asia Pacific region is forecasted to account for a substantial share of the global mining waste management market owing to the presence of key mines in this region and growing mining activity. China and Australia are estimated to be the most lucrative markets for mining waste management companies operating in this region. Rapid industrialization and urbanization are key factors that are promoting mining activity in this region and thereby mining waste management market growth as well. Increasing waste generation from massive mines in this region will bolster the demand for mining waste management across the forecast period and beyond.
Demand for mining waste management in Europe is slated to rise at a robust pace over the coming years. Imposition of stringent environment conservation mandates for mining companies in this region are promoting the adoption of mining waste management in this region. Sweden, Russia, and Ukraine are some key countries where the demand for mining waste management is projected to soar high in Europe going forward. Government subsidies and incentives on proper waste management will also boost market growth in this region through 2031.
Global Mining Waste Management Market By Region
- Largest
- Fastest
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Mining Waste Management Market Dynamics
Drivers
Rapid Industrialization and Urbanization
- Rapidly increasing industrialization around the world has boosted the demand for metals and minerals, which in turn is giving rise to mining activity. Increased mining is resulting in a high demand for mining waste management.
Imposition of Stringent Environmental Regulations
- Governments and regulatory bodies are imposing strict mandates to ensure environmental conservation around the world and this is also true for the mining industry. Mining waste management companies are providing services and solutions that help mining companies comply with these regulations.
Restraints
High Costs of Mining Waste Remediation
- Mining waste management requires significant capital investments to get machinery and resources, which ultimately increases the overall costs of mining operations. Unwillingness of mining organizations to spend such huge capital on mining waste management is projected to impede market growth in the future.
Limited Funding
- Most mining operations are being carried out in underdeveloped or developing countries where companies and governments face budgetary restraints to ensure proper waste management and this is estimated to slow down mining waste management adoption going forward.
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Mining Waste Management Market Competitive Landscape
Mining waste management providers should focus on improving the affordability of their products and services to unlock the full growth potential of the market. Mining waste management companies can also take advantage of subsidies and incentives offered by governments for sustainable waste management practices. Mining waste management market players can also ride the circular economy trend to boost their market share and presence in the future.
Top Player’s Company Profiles
- Earth Systems
- Enviropacific
- Amec Foster Wheeler PLC
- American Waste Management
- Aevitas Co.
- Golder Associates Corporation
- Averda
- Cleanway Environmental
- Daiseki Co
- Global Mining Solutions
- Interwaste Holdings
- ATC Williams Pty
- Enviroserv Waste
- Ausenco Ltd.
- Jones & Wagener.
- Hatch Ltd.
Recent Developments
- In January 2024, Burkina Faso, a West African country ruled by a military regime, inaugurated its first mining waste processing facility. The site is located in the Kossodo industrial zone.
- In September 2023, the Waste Management Regulatory Authority (WMRA), KIT Innovation HUB, and Green Build Egypt together signed a memorandum of understanding (MoU) to set up a new pilot project for mining waste management. This project is intended to be made in New Cairo.
Mining Waste Management Key Market Trends
- Circular Economy Adoption: Mining waste management providers should focus on capitalizing on the growing adoption of circular economy initiatives around the world. Increasing emphasis on sustainability and incentives offered through circular economy practices are also slated to create new opportunities for mining waste management companies.
Mining Waste Management Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per Skyquest analysis, rising mining activity around the world and growing emphasis on environment conservation are projected to boost demand for mining waste management across the forecast period. However, financial resource constraints are projected to impede mining waste management market development over the coming years. The Asia Pacific region is slated to spearhead the global mining waste management market with China and Australia being leading markets in this region. Adoption of circular economy initiatives will create new opportunities for mining waste management market players in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 200.23 billion |
| Market size value in 2031 | USD 338.29 billion |
| Growth Rate | 6% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Mining Waste Management Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Mining Waste Management Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Mining Waste Management Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Mining Waste Management Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Mining Waste Management Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Mining Waste Management Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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