The global mining waste management market is estimated to witness a steady growth rate of around 2.5% during the period of 2022–2028. Mining activities include beneficiation, extraction, and processing of minerals and metals, which results in a large amount of mining waste. Mining waste management refers to the techniques used to properly dispose of and store mining waste.
Increasing environmental consciousness among the processors and strict government regulations on mining operations are driving the global mining waste management market. Some of the laws, such as the National Environmental Policy Act (NEPA), Clean Air Act (CAA), and Toxic Substance Control Act (TSCA) are pushing mining operators to use safe and sustainable mining waste solutions and hence drive the demand for the global mining waste management across the globe.
Mineral fuel dominates the market owing to increasing industrialization
The minerals fuels segment is estimated to hold a prominent share of the mining waste management market in 2022. Minerals fuels consist of waste generated during coal mining, uranium, natural gas, and other petroleum products. Mineral fuels have become increasingly important in meeting everyday energy demands. The demand for mineral fuels is rising with the increasing industrialization across the globe. As a result, mineral fuel is heavily mined, and new sources are being investigated to fulfill the expanding demand.
The waste generated during mineral fuel mining is higher due to the high stripping ratio. Further, the other segment includes mining waste generated during the extraction of precious and non-ferrous metals. The segment is estimated to grow at a significant rate due to the increased demand for precious metals like gold, silver, rhodium, and palladium. The output of these metals and minerals is expanding at a faster rate. As a result, the others section is expected to increase at a faster rate.
Asia Pacific: A prominent region in the global mining waste management market
Asia Pacific represents a prominent region in the mining waste market. High-capacity of mines results in a high growth rate in the market. The growing population, rapid industrialization, and improving economic conditions of countries such as China, India, and Australia are expected to drive the demand for mining waste management.
In North America, the growth of various end-use industries, such as automotive and power & energy among others in the region is anticipated to further propel the demand for mining waste management. Moreover, increasingly high demand for metals & minerals from these end-use industries tends to drive the growth of the regional mining waste management market.
Europe is another major region contributing a significant share of the global mining waste management market. Russia is the major mining waste-generating country followed by Germany in Europe. Because of the strict mining regulations, Europe is a well-developed market for mining waste management. Further, growing mining activities in Latin America and Middle Eastern and African countries are further expected to escalate the mining waste management market growth.
Market Structure and Competition Landscape
The global mining waste management market is fragmented in nature with the presence of various players operating in the region. Some of the key players operating in the market include AMEC Foster Wheeler Plc (John Wood Group Plc), Ausenco Limited, Enviropacific Services Limited, EnviroServ Waste Management Ltd., Golder Associates Inc. (Enterra Holdings Ltd.), Séché South Africa Proprietary Limited, Cleanway Environmental Services, Tetra Tech Inc, Ramboll Group and Tetronics International among others.
These players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, and partnerships and collaborations are some of the strategies followed by industry players. Some of the key developments in the global mining waste management market include,
- In May 2020, Golder Associates Inc. announced their expansion in Birmingham, Florida, and Tennessee. With this expansion, the company aimed for a better serving for its clients in the mining and manufacturing sectors.
- In March 2019, Seche Environment Group acquired Interwaste Holdings Limited. After the acquisition, Environment Group entered the South African waste market. The collaboration of both the companies aimed to support the African region in developing its circular economy.
Key Market Segmentation
RationalStat has segmented the global mining waste management market on the basis of mining type, waste type, by commodity and region.
- By Mining Type
- Surface Mining
- Underground Mining
- By Waste Type
- Solid Waste
- Waste Rock
- Tailing
- Liquid Waste
- Solid Waste
- By Commodity
- Minerals Fuels
- Coal
- Iron
- Aluminum
- Others (Nickel, copper)
- By Region
- North America
- US
- Canada
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Western Europe
- Germany
- UK
- France
- Spain
- Italy
- Benelux
- Nordic
- Rest of Western Europe
- Eastern Europe
- Russia
- Poland
- Rest of Eastern Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- ASEAN (Indonesia, Vietnam, Malaysia, etc.)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- South Africa
- Turkey
- Rest of the Middle East & Africa
- North America
Research Methodology
RationalStat has developed a state-of-the-art research methodology to crunch numbers and provide the best possible real-time insights to clients. We combine a varied range of industry experience, data analytics, and experts’ viewpoint to create a research methodology for market sizing and forecasting.
RationalStat combines a mix of secondary sources as well as primary research to assess the market size and develop a forecast. Key steps involved in accurately deriving the market numbers are:
- Defining the problem by understanding the type of market and data required by the client.
- Data gathering and collection through relevant paid databases, publicly available sources, company reports, annual reports, surveys, and interviews.
- Formulating a hypothesis to create market numbers, forecast, influencing factors, and their relevance.
- Evaluating and analyzing the data by referring to data sources utilized and leveraged.
- Validating, interpreting, and finalizing the data by combining the details gathered from primary and secondary sources with the help of experienced analysts.
Secondary Sources
- Annual reports, company filings, investor presentations, product catalogs, and company documents
- Industry and market-related documents available in the public domain
- Paid database including Bloomberg, Factiva, S&P Capital IQ, FactSet, RefinitivEikon, ICIS, EUWID, Thomson Reuters, among others
- Whitepapers, research papers, and industry blogs.
Why Buy this Report?
The report is intended for waste management companies, mining industry, government organizations, market educational organizations, regulatory agencies, and market research firms, among others. The report provides an in-depth analysis of market size, consumption pattern, ongoing market trends and challenges, and future market opportunities. The report will serve as a source for a 360-degree analysis of the market thoroughly delivering insights to clients to find the right answers to their business questions.