Mining Waste Management Market Dynamics 2017: Opportunities, Risks and Driving Factors to 2025
According to a new report published by Reports Monitor titled, “Mining Waste Management Market by Mining Method, Waste Type and Mineral/Metal: Global Opportunity Analysis and Industry Forecast, 2017–2025,” the mining waste management market was valued at XX million in 2016, and is projected to reach at XX million by 2025, growing at a CAGR of XX% from 2017 to 2025. Asia-Pacific is anticipated to hold the highest market share dominating the mining waste management market in terms of revenue, and is expected to maintain this trend throughout the forecast period.
Mining waste is generated when there is extraction, benefication and processing of ores from mines. Extraction being first step of the process it initially evacuates the ore from the earth that is made possible by blasting generating huge quantum of waste. Mining waste can vary from harmless to highly hazardous and perilous materials. The type, quantity and properties of mine waste produced at various mines differ in nature depending upon geographical region of the mine site, technologies used for extraction and processing of ores and resource being extracted. Mining waste management comprises the collection and separation of these waste materials from the point of generation, depository or environment friendly destruction of waste material in landfills, water or air.
The rising interest for metal from different end-utilize areas such as aviation and automotive, upsurge in prerequisite for coal and development of the power and vitality industry, trailed by developing natural concerns are imperative components riding the development of the mining waste management market. Expedient improvement of urbanization, industrialization and the extending transportation industry are expected to drive the requirement for thermal coal. Additionally, headway in building and construction businesses with improved framework is boosting the interest for concrete which thus is relied upon to lead the mining waste management market in coming years. Nonetheless, operational difficulties and corrosive acid rain are probably going to influence the market obstructing further development.
Key Findings and Scope:
• The global mining waste management market was estimated to be XX million in 2016 and predicted to reach XX million with the CAGR of XX% over the forecast period.
• Base on method, the surface mining method segment of mining waste management market is predicted to grow from XX million to XX million during the forecast years with the highest growing CAGR of XX%. This method comprises open-cut and open-pit mining methods and more than 80% of the global mines prefer this method. As waste generated through surface mining procedure is comparatively much more than the waste generated by the underground technique drives the growth of surface segment.
• By waste type, the tailing segment is anticipated to grow lucratively with highly growing CAGR of XX% throughout the forecast period. Trailing are water based waste materials left after the extraction of gangue from ores during surface mining operations. Throughout the production and exploration of iron ore, thermal coal, copper & coking coal and other minerals and metals the tailing mining waste is produced on large scale. On the earth surface they are stored as dry stacks and stored underground using the backfill process.
• In terms of minerals or metals, the thermal coal segment is foreseen to dominate the market as demand for power and energy sector is increasing constantly. Thermal coal is broadly utilized in cement production as well as energy and power generation. The surge in thermal coal exploration activities around the world will boost the mining waste management market
In terms of region, Asia-pacific is predicted to lead the global mining waste management market owing to increasing demand for coal, metal and minerals form end-use industries including electrical & electronics, aerospace, automotive, construction and power & energy coupled with speedy urbanization, industrialization.
Major players profiled in the market are: SGS SA, Universal Recycling Company, SA Metal Group (Pty) Ltd, ENVIRONMENTAL ASSURANCE (PTY) LTD, Veolia Water Technologies, Averda, The Wastegroup, Digby Wells Environmental, ROYAL HASKONINGDHV and EnviroServ.
About Garner Insights:
We at Garner Insights.com provide a comprehensive analysis by providing in-depth reports of the various market verticals. Our Mission is to provide a detailed analysis of the vast markets worldwide backed by rich data. Decision makers can now rely on our well-defined data gathering methods to get the correct and accurate market forecasting along with detailed analysis.