The report "Mining Waste Management Market by Mining Method (Surface, and Underground), Metals/Minerals (Thermal Coal, Cooking Coal, Iron Ore, Gold, Copper, Nickel), Waste Type (Overburden/Waste Rock, Tailings, and Mine Water), and Region - Global Forecast to 2022", The mining waste management market is estimated to be 173.64 Billion Tons in 2017 and is expected to reach 233.56 Billion Tons by 2022, at a CAGR of 6.1% during the forecast period. The growth of the mining waste management market can be attributed to increasing mining operations due to the demand for metals from the automotive industry and the power & utility sector in emerging economies, and the development of various infrastructures globally. Furthermore, growing concerns to reduce pollution are also fueling the growth of the mining waste management market.
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Premium Insights of the report:
- Attractive Growth Opportunities in the Mining Waste Management Market
- Mining Waste Management Market, By Mineral/Metal
- Mining Waste Management Market, By Waste Type and Region
- Mining Waste Management Market: Emerging & Developed Countries
Among metals/minerals, the thermal coal segment is projected to lead the mining waste management market from 2017 to 2022. Thermal coal is widely used in generating power and energy, and in cement production. The demand for power and energy is increasing due to rapid industrialization, urbanization, and growth of the transportation industry. The growing building & construction market is fueling the demand for cement, which is expected to drive the mining waste management market in the near future.
Based on waste type, the tailings segment of the mining waste management market is projected to grow at the highest CAGR during the forecast period. Tailings are water-based waste products left after the removal of gangue from ores during surface mining operations, and a large amount of tailings is generated during the production and exploration of thermal coal, iron ore, copper, coking coal, and other metal and minerals. The production and exploration of these metals and minerals are likely to create huge amounts of mining waste, which is expected to drive the mining waste management market in the coming years.
The Asia Pacific region is expected to lead the mining waste management market in 2017. China, Australia, Kazakhstan, and India are the key countries contributing a major share to the mining waste management market. The growing population, rapid industrialization, and improving economic conditions of these countries are expected to fuel the growth of various end-use industries, such as automotive, electrical & electronics, power & energy, and construction market in the region. There is a high demand for metals & minerals, and coal from these end-use industries. This factor is expected to propel the growth of the mining waste management market in the region.
Some of the key players in the Mining Waste Management Market are Amec Foster Wheeler (UK), Ausenco (Australia), EnviroServ (South Africa), Interwaste Holdings Ltd. (South Africa), Veolia Environnement (France), Golder Associates (Canada), Hatch Ltd. (Canada), Teck (Canada), Tetra Tech, Inc. (US), Toxfree Solutions Ltd. (Australia), Tetronics International (UK), Aevitas (Canada), Global Mining Solutions (Canada), Zeal Environmental Technologies Ltd. (Ghana), Ramboll Group (Denmark), Knight Piésold (South Africa), Metsana Group (South Africa), Earth Systems (Australia), American Waste Management Services, Inc. (US), ATC Williams (Australia), Jones & Wagener (South Africa), Cleanway Environmental Services (Australia), Cleanways (Australia), Stantec (US), Enviropacific Services (Australia), Daiseki Co., Ltd. (Japan), and Averda (UAE).
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