Group of unrecognizable scientists reforesting dangerous area with death soil, volunteers in gas masks fight with global environmental crisis teamwork together on planting tree. View from inside pit.
The Mining Waste Management Global Market Report 2023 by The Business Research Company, provides mining waste management market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten-year historic period – 2010-2021, and a ten-year forecast period – 2023-2032.
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According to The Business Research Company’s Mining Waste Management Global Market Report 2023, the market size is expected to grow from $184.33 billion in 2022 to $195.33 billion in 2023 at a compound annual growth rate (CAGR) of 6.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global mining waste management is expected to grow to $245.2 billion in 2027 at a CAGR of 5.8%.
Increasing demand for metals and minerals across various industries is expected to propel the growth of the mining waste management market going forward. Metals and minerals are solid, naturally occurring inorganic substances found in the Earth’s crust. Increasing demand for metals and minerals across various industries helps the mining waste management market to grow by ensuring proper waste management during each stage of the mining process, including prospection and exploration, development, extraction, transport, and treatment of the extracted product.
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The mining waste management market is segmented:
1) By Mining Type: Surface, Underground
2) By Mineral/Metal: Coal, Iron, Gold, Aluminium, Copper, Nickel, Other Minerals or Metals
3) By Waste Type: Overburden/Waste Rock, Tailings, Mine Water
Recycling mining waste for innovations is a key trend gaining popularity in the mining waste management market. Major companies are developing new products with the use of mining waste. For instance, in December 2020, University College London, a UK-based public research university, Onya McCausland, in collaboration with UCL Innovation & Enterprise and the Coal Authority, developed a range of paints from waste generated by de-commissioned coal mines. Six Bells community painting their environment with this unique painting is a great tribute to UK mining history. This has enabled the development and commercialization of a unique range of paints that draws strongly on the engagement and input of mining communities.
The mining waste management market report table of contents includes:
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Top Major Players
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