Mining Waste Management Market by Type and Geography - Forecast and Analysis 2020-2024

The mining waste management market share is expected to increase by 12.96 billion tons from 2019 to 2024, and the market's growth momentum will accelerate at a CAGR of 3%.

This mining waste management market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers mining waste management market segmentation by type (waste rock and tailing) and geography (APAC, North America, Europe, South America, and MEA). The mining waste management market report also offers information on several market vendors, including Ausenco Ltd., EnviroServ Waste Management (PTY) Ltd., Golder Associates Corp., Hatch Ltd., John Wood Group Plc, Ramboll Group AS, SECHE ENVIRONNEMENT Group, Teck Resources Ltd., Tetra Tech Inc., and VEOLIA ENVIRONNEMENT SA among others.

What will the Mining Waste Management Market Size be During the Forecast Period?

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Mining Waste Management Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a positive impact on the market growth during and post COVID-19 era. The increasing demand for precious metals and minerals is notably driving the mining waste management market growth, although factors such as CAPEX decline in mining industry may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the mining waste management industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Mining Waste Management Market Driver

One of the key factors driving growth in the mining waste management market is the increasing demand for precious metals and minerals. The demand for various precious materials such as platinum, diamond, gold, and silver has increased significantly across the world. The rapid increase in disposable income across the world is expected to raise the demand for precious materials in the growing urban population. The demand for precious metals is expected to originate mainly from rapidly growing economies, such as China and India, owing to the exponential growth of the middle-class population. The number of construction projects is rising significantly worldwide due to economic growth and rapid urbanization. This, in turn, is leading to the demand for various construction materials such as gravels, smaller stones, steel, and iron. Therefore, the growing demand for various precious materials and minerals is increasing the demand for mining activities, which, in turn, is boosting the growth of the global mining waste management market.

Key Mining Waste Management Market Trend

The evolution of waste management techniques to suit low-grade ores is a mining waste management market trend that is expected to have a positive impact in the coming years. The global mining waste management market is driven by the volume of waste generated at mining sites. The amount of waste generated at a mine site is directly proportional to the quality of ore grades. A striking trend has surfaced in the recent past that marks the shift of mining operations toward low-grade ores. The evolution of mining procedures over the last decade indicates that ore grades of the majority of mineral commodities are on a decline. The use of advanced water recycling technologies can reduce water use and wastewater discharge. The high requirement of advanced and energy-efficient technologies to reduce the operating cost of waste treatment is expected to drive the adoption of membrane separation, sulfide treatment, and metal recovery systems. The need for technological and process advances will fuel the growth of the global mining waste management market.

Key Mining Waste Management Market Challenge

The CAPEX decline in the mining industry will be a major challenge for the mining waste management market during the forecast period. In the past few years, mining-related investments have declined. Countries, where mining contributes significantly to the gross domestic product (GDP), have shown a decline in foreign direct investments. The decline in commodity prices always poses a threat to mining companies as it results in delayed investments in new mining projects. Silver, platinum, coal, copper, and iron ore have witnessed a decline in pricing over the past few years, unlike some metals such as copper and aluminum that have witnessed an increment in pricing. Fluctuations in commodity prices negatively affect investments in the mining sector. The slowdown of the Chinese economy is also one of the factors for the decline in investment in the mining sector. The capital expenditure is likely to remain low, as miners are focusing on overall cost-cutting to improve operating margins. Mining companies are focusing on project cancellations, retrenchment, and divestment of cost-intensive assets to balance books and thereby improve profit margins. This is likely to affect the global mining waste management market negatively.

This mining waste management market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2020-2024.

Parent Market Analysis

Technavio categorizes the global mining waste management market as a part of the global environmental and facilities services market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the mining waste management market during the forecast period.

Who are the Major Mining Waste Management Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

• Ausenco Ltd.
• EnviroServ Waste Management (PTY) Ltd.
• Golder Associates Corp.
• Hatch Ltd.
• John Wood Group Plc
• Ramboll Group AS
• SECHE ENVIRONNEMENT Group
• Teck Resources Ltd.
• Tetra Tech Inc.
• VEOLIA ENVIRONNEMENT SA

 

This statistical study of the mining waste management market encompasses successful business strategies deployed by the key vendors. The mining waste management market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.

Product Insights and News

• Golder Associates Corp. - The company offers integrated environmental and engineering services for mining waste management.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The mining waste management market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Mining Waste Management Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the mining waste management market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

The value chain of the environmental and facilities services market includes the following core components:

• Inputs
• Inbound logistics
• Operations
• Outbound logistics
• Marketing and sales
• Service
• Support activities
• Innovation

The report has further elucidated on other innovative approaches being followed by service providers to ensure a sustainable market presence.

Which are the Key Regions for Mining Waste Management Market?

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44% of the market's growth will originate from APAC during the forecast period. Australia and China are the key markets for mining waste management in APAC. Market growth in this region will be faster than the growth of the market in the European, MEA, and North American regions.

The rising demand for minerals and metals will facilitate the mining waste management market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Type Segments in the Mining Waste Management Market?

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The mining waste management market share growth by the waste rock segment will be significant during the forecast period. Waste produced in large quantities is expensive to manage and may compromise the sustainability of mining operations. The mining industry is one of few industries that recycles its own waste, and thus, plays a leading role in waste management. The waste rock produced during mining activities can be reprocessed to extract metals and minerals or used as backfill, aggregate in road construction, landscaping material, or feedstock for cement and concrete.

This report provides an accurate prediction of the contribution of all the segments to the growth of the mining waste management market size and actionable market insights on post COVID-19 impact on each segment.

 

Mining Waste Management Market Scope
Report Coverage	Details
Page number	120
Base year	2019
Forecast period	2020-2024
Growth momentum & CAGR	Accelerate at a CAGR of 3%
Market growth 2020-2024	12.96 bn tons
Market structure	Fragmented
YoY growth (%)	1.99
Regional analysis	APAC, North America, Europe, South America, and MEA
Performing market contribution	APAC at 44%
Key consumer countries	Australia, China, US, Canada, and Germany
Competitive landscape	Leading companies, Competitive strategies, Consumer engagement scope
Key companies profiled	Ausenco Ltd., EnviroServ Waste Management (PTY) Ltd., Golder Associates Corp., Hatch Ltd., John Wood Group Plc, Ramboll Group AS, SECHE ENVIRONNEMENT Group, Teck Resources Ltd., Tetra Tech 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, 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.

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What are the Key Data Covered in this Mining Waste Management Market Report?

• CAGR of the market during the forecast period 2020-2024
• Detailed information on factors that will drive mining waste management market growth during the next five years
• Precise estimation of the mining waste management market size and its contribution to the parent market
• Accurate predictions on upcoming trends and changes in consumer behavior
• The growth of the mining waste management industry across APAC, North America, Europe, South America, and MEA
• A thorough analysis of the market's competitive landscape and detailed information on vendors
• Comprehensive details of factors that will challenge the growth of mining waste management market vendors

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