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The water and wastewater management market size for the mining sector is forecast to increase by USD 2.88 billion at a CAGR of 7.45% between 2023 and 2028. The growth rate of the market depends on several factors such as the growing adoption of sustainable practices in the mining industry, the presence of stringent environmental regulations and policies, and the scarcity of natural water sources in the vicinity.
The report includes a comprehensive outlook on the market, offering forecasts for the industry segmented by Product, which comprises water treatment and wastewater treatment. Additionally, it categorizes Type into primary treatment, secondary treatment, and tertiary treatment, and covers Regions, including North America, APAC, Europe, South America, and Middle East and Africa. The market report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
Market Forecast 2024-2028
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Our researchers studied the market research and growth data for years, with 2023 as the base year and 2023 as the estimated year, and presented the key drivers, trends, and challenges for the market growth analysis.
The Americas and Africa house some of the major mining infrastructures of the world, operating at locations with scarce water bodies in the vicinity. In the process of extraction of minerals, large quantities of water are used. Also, large quantities of contaminated water are generated as a by-product. With every gallon of contaminated water that enters the water stream, the entire water resource is rendered unusable, which further increases the water stress level.
Moreover, while water-related conflicts can occur in any water-stressed region, such issues may also intensify because of the limited water and wastewater management infrastructure and strict water-related government regulations. This has resulted in the adoption of wastewater management techniques to refine and reuse the available water. Consequently, the mining operations carried out in water-stressed regions have provided significant opportunities to both the equipment and service providers in the market and, in turn, will propel the growth of the market during the forecast period.
The blasting and drilling applications are very important in the mining industry and involve drilling the rock and using explosive chemicals to break it down into smaller pieces. As the reserves deplete, the quality of the ore decreases, which requires more intensive processes. In addition, the lower grade also requires chemicals, and the chemical runoff poses a serious risk to the environment, creating social (local communities), environmental (regulatory), and strategic (board members) issues for the mining company, as water is a scarce resource.
Consequently, to overcome such issues, water and wastewater management has become an integral aspect of both greenfield and brownfield expansion projects. Companies are promoting maximum water recovery, recycling, and reuse at every mining site; this is expected to drive the installation of water and wastewater treatment equipment in the mining industry and, in turn, will boost the growth of the market in focus during the forecast period.
The rise in environmental issues is resulting in the closure of many mines globally. The decline in commodity prices has also resulted in the temporary closure of a few mines. For instance, in May 2023, India announced its plan to close approximately 30 mines over the next three to four years to pave the way for forests or water bodies. In August 2023, two more mines in northwest Shaanxi province were ordered to suspend operations by safety inspectors in China's third-largest coal-mining region.
Moreover, in countries such as the UK and Germany, coal mining operations have been phased out or put on hold due to opposition from the public. However, in the case of coal mining, the shutdowns are likely permanent due to the growing concerns over global warming. Temporary and permanent shutdowns of mines will have a negative impact on the market in focus during the forecast period.
The water treatment segment will account for a major share of the market's growth during the forecast period.? Water is an important component of the mining industry. It is used to extract minerals from ore; thus, the success of the mining operations is largely dependent on the availability of water. Water treatment involves raw water treatment, desalination, processing, and cooling. Apart from ensuring water quality to maintain mineral grade, the regulations imposed on water use and the need to overcome water scarcity have led the mining industry to reuse water. Depending on the quality of the water required for the processes, technologies such as RO or ultrafiltration are used to treat water.
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The water treatment segment was valued at USD 2.71 billion in 2018. Furthermore, the growth in deep-sea commercial mining projects has spurred the demand for water desalination and treatment equipment, owing to the rising global demand for minerals and resources, such as uranium that are sourced from deep-sea mining, and owing to the advances in technology to support deep-sea mining activities. Consequently, owing to the growth in deep-sea mining, the demand for pre-water treatment and water management for activities such as desalination and water processing is increasing, which will drive the growth of the water treatment segment of the market during the forecast period.
Based on type, the market has been segmented into primary treatment, secondary treatment, and tertiary treatment. The primary treatment segment will account for the largest share of this segment.?Primary treatment is the initial phase of water and wastewater treatment processes, where physical and chemical methods are employed to remove solid particles and contaminants from the water. Primary treatment plays a crucial role in meeting these regulatory requirements by efficiently removing pollutants at the source. Furthermore, the primary treatment segment of the market is flourishing due to a combination of regulatory pressures, water scarcity concerns, operational benefits, stakeholder expectations, and technological advancements. As mining operations strive for sustainability, the role of effective primary treatment becomes increasingly pivotal in achieving these goals and will contribute to the growth of the market through the primary treatment segment during the forecast period.
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APAC is estimated to contribute 36% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market growth analysis during the forecast period. Another region offering significant growth opportunities to companies is North America. North America accounts for a significant share in the global water and wastewater management market for the mining sector with the US and Canada as the leading revenue-generating countries. The growth of this region is attributed to extensive regulatory systems that govern mining activities.
Additionally, owing to the increasing demand for metals and minerals and the growth in exploration-related activities, companies engaged in mineral and metal mining are expanding operations in the North American region, which is driving the demand for water and wastewater treatment equipment in new mining sites. Moreover, petrochemical plants on the US Gulf Coast are likely to cater to the demand for energy minerals from Canada and the US. Hence, such factors are expected to drive market growth in this region during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Alfa Laval AB, BQE Water Inc., Carmeuse Coordination Center SA, Condorchem Envitech SL, Dow Chemical Co., Fluence Corp. Ltd., General Electric Co., Genesis Water Technologies Inc., Gradiant Corp., IDE Water Technologies, John Wood Group PLC, Lenntech BV, Meridiam SAS, MIWATEK, Newterra Ltd., Saltworks Technologies Inc., Stantec Inc., and Veolia Environnement SA
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market analysis and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Water And Wastewater Management Market for the Mining Sector Scope | |
Report Coverage |
Details |
Page number |
170 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.45% |
Market Growth 2024-2028 |
USD 2.88 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.04 |
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
Performing market contribution |
APAC at 36% |
Key countries |
US, Canada, China, Germany, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Alfa Laval AB, Aquatech International LLC, BQE Water Inc., Carmeuse Coordination Center SA, Condorchem Envitech SL, Dow Chemical Co., Fluence Corp. Ltd., General Electric Co., Genesis Water Technologies Inc., Gradiant Corp., IDE Water Technologies, John Wood Group PLC, Lenntech BV, Meridiam SAS, MIWATEK, Newterra Ltd., Saltworks Technologies Inc., Stantec Inc., and Veolia Environnement SA |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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