Mine Waste Management Market to Grow by 233.56 Billion Tons by 2022


TThe mining waste management market was estimated at 173.64 billion tons in 2017 and is expected to reach 233.56 billion tons by 2022, at a CAGR of 6.1% during the forecast period. The growth of the mining waste management market can be attributed to the increase in mining operations due to the demand for metals from the automotive industry and the power and utilities sector in emerging economies, and the development of various infrastructures on a global scale. In addition, the growing concerns to reduce pollution are also fueling the growth of the mining waste management market.

The surface mining methods segment of the mining waste management market is expected to grow at the highest CAGR during the forecast period.

On the basis of mining method, the surface segment of the mining waste management market is expected to grow at the highest CAGR during the forecast period. Surface mining includes both surface and surface mining methods and the waste generated by surface mining techniques is much larger than the waste generated by the surface mining method. underground mining. Over 80% of the world’s mines adopt surface or surface mining methods and as a result the amount of waste generated is much higher. This factor should drive the surface segment.

Based on metals / minerals, thermal coal segment is expected to dominate the mining waste management market from 2017 to 2022.

On the basis of metals / minerals, thermal coal segment is expected to dominate the mining waste management market during the forecast period. Thermal coal is widely used in the production of electricity and energy and is used in the production of cement. The growth of the power and energy sector and the increasing demand for cement in the global building construction market is expected to boost the thermal coal segment. The increase in thermal coal exploration activities across the globe will also boost the mine waste management market in the years to come.

On the basis of the waste type, the tailings segment of the mining waste management market is expected to grow at the highest CAGR during the forecast period.

Based on the waste type, the tailings segment is expected to grow at the highest CAGR during the forecast period. Tailings are water-based wastes left after removal of gangue from ore during surface mining operations. The tailings are stored on the Earth’s surface in the form of dry cells. They are also stored underground using the backfill process. Mine tailings are largely generated during the production and exploration of thermal coal, iron ore, copper and coking coal, as well as other metals and minerals. The demand for coal from the power and power sector is increasing, as is the demand for various metals and minerals from various end-use industries. The production and exploration of these metals and minerals is expected to generate a huge amount of mining waste, which will drive the mining waste management market in the years to come.

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Asia-Pacific is expected to account for the largest share of the mining waste management market in 2022.

Asia-Pacific is expected to account for the largest share of the mining waste management market in 2022. China, Australia, Kazakhstan, and India are the key countries in the region that significantly contribute to the market for management of mining waste. Increasing population, rapid industrialization and improving economic conditions are the main factors that are expected to fuel the growth of various end-use industries, such as automobile, power and electronics, l electricity and energy, construction and chemicals in the region. The increasing demand for metals and minerals and coal from these end-use industries is expected to propel the growth of the mining waste management market in the region.

Some of the major players in the mining waste management market are Amec Foster Wheeler (UK), Ausenco (Australia), EnviroServ (South Africa), Interwaste Holdings Ltd. (South Africa), Veolia Environnement (France), Golder Associates (Canada), Hatch Ltd. (Canada), Teck (Canada), Tetra Tech, Inc. (United States), Toxfree Solutions Ltd. (Australia), Tetronics International (UK), Aevitas (Canada), Global Mining Solutions (Canada), Zeal Environmental Technologies Ltd. (Ghana), Ramboll Group (Denmark), Knight Piésold (South Africa), Metsana Group (South Africa), Earth Systems (Australia), American Waste Management Services, Inc. (United States), ATC Williams (Australia) , Jones & Wagener (South Africa), Cleanway Environmental Services (Australia), Cleanways (Australia), Stantec (United States), Enviropacific Services (Australia), Daiseki Co., Ltd. (Japan) and Averda (UAE).

The report ‘Mine Waste Management Market by Mining Method (Surface and Underground), Metals / Minerals (Thermal Coal, Cooking Charcoal, Iron Ore, Gold, Copper, Nickel), Waste Type (Dead Dead / waste rock, tailings and mine water) and Region – Global forecasts to 2022 ″.

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