Report ID: SQMIG15J2076
Surface Mining Market Size, Share, Growth Analysis, By Type(Strip Mining, Terrace Mining, Open-Pit Mining, and Others), By Application(Coal Mining, Metal Mining, Mineral Mining, and Others), By Region - Industry Forecast 2025-2032
Report ID:
SQMIG15J2076 |
Region:
Global |
Published Date: April, 2024
Pages:
183
|
Tables:
65 |
Figures:
72
Surface Mining Market Insights
Surface Mining Market size was valued at USD 28.89 Billion in 2023 and is poised to grow from USD 30.94 Billion in 2024 to USD 53.16 Billion by 2032, growing at a CAGR of 7.1% during the forecast period (2025-2032).
Surface mining refers to a process in which overlying soil and rock are removed to uncover minerals and metals. This type of mining includes strip mining and open-pit mining, which are largely used worldwide. Growing demand for minerals and metals from different industry verticals is projected to bolster the demand for surface mining across the forecast period and beyond. Adoption of surface mining can also be attributed to its low costs. Rapidly expanding semiconductor and consumer electronics industries are also boosting the demand for novel minerals and metals going forward. Growing availability of advanced mining equipment and machinery is also estimated to benefit market development over the coming years. However, environmental impact of mining and logistical challenges is estimated to slow down surface mining demand outlook in the future.
Surface Mining Market Report Snapshots
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