New York, March 31, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Mining Waste Management Global Market Report 2023" - https://www.reportlinker.com/p06439000/?utm_source=GNW
, Interwaste Holdings Ltd., Tetra Tech Inc., Toxfree Solutions Ltd., Veolia Environnement SA, American Waste Management Services Inc., ATC Williams Pty. Ltd., Averda, Daiseki Co. Ltd., Earth Systems, Enviropacific, Global Mining Solutions, Jones & Wagener., Knight Piesold, Metsana Group, Ramboll Group A/S, Stantec Inc., Teck Resources Limited, and Zeal Environmental Technologies Limited
The global mining waste management market grew 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 mining waste management market is expected to grow to $245.2 billion in 2027 at a CAGR of 5.8%.
The mining waste management market includes revenues earned by entities by providing services such as landfill, incineration, waste compaction, composting, and vermicomposting.The market value includes the value of related goods sold by the service provider or included within the service offering.
Only goods and services traded between entities or sold to end consumers are included.
Mining waste management refers to the large mass of initial soil and rock that is removed to get the mineral deposits. The waste produced during mineral processing, mineral beneficiation, and extraction is managed by the mining industry.
Asia-Pacific was the largest region in the mining waste management market in 2022. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of mining waste management are surface and underground.Surface mining refers to the method of extracting minerals near the surface of the Earth.
The mineral or metals include coal, iron, gold, aluminum, copper, nickel, and other minerals metals. The types of waste include overburden or waste rock, tailings, and mine water.
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. For instance, according to the National Mineral Development Corporation Limited (NMDC), an Indian government-owned mineral producer, stated that in the fiscal year that ended on March 31, 2022, iron ore produced 42.15 million tonnes (MT), an increase of 23% year over year. Therefore, increasing demand for metals and minerals across various industries is driving the growth of the mining waste management market.
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.
In September 2022, SUEZ, a France-based utilities company with African Infrastructure Investment Managers (AIIM) and Royal Bafokeng Holdings (RBH), acquired EnviroServ Proprietary Holdings Limited and its subsidiaries for an undisclosed amount.Through this acquisition, UEZ would strengthen its position on the African continent and consolidate its position as an international leader in industrial and municipal waste treatment.
EnviroServ is a South-Africa based waste management company. The Tailings team at EnviroServ handles waste streams in the mining sector as part of the company’s integrated waste management solutions.
The countries covered in the Mining Waste Management market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The mining waste management market research report is one of a series of new reports that provides mining waste management market statistics, including mining waste management industry global market size, regional shares, competitors with a mining waste management market share, detailed mining waste management market segments, market trends and opportunities, and any further data you may need to thrive in the mining waste management industry. This mining waste management market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
Read the full report: https://www.reportlinker.com/p06439000/?utm_source=GNW
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