Overview and Scope
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.
Sizing and Forecast
The mining waste management market size has grown strongly in recent years. It will grow from $197.49 billion in 2023 to $210.41 billion in 2024 at a compound annual growth rate (CAGR) of 6.5%. The growth in the historic period can be attributed to mining industry growth, regulatory compliance, environmental concerns, community and stakeholder expectations, resource recovery opportunities.
The mining waste management market size is expected to see strong growth in the next few years. It will grow to $272.29 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to stringent environmental standards, increased public awareness, circular economy practices, corporate social responsibility (CSR). Major trends in the forecast period include adoption of sustainable waste disposal methods, remote sensing and monitoring for waste sites, social responsibility and community engagement, focus on mine rehabilitation and closure planning, integration of artificial intelligence (AI) in waste optimization.
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Segmentation & Regional Insights
The mining waste management market covered in this report is segmented –
1) By Mining Type: Surface, Underground
2) By Mineral/Metal: Coal, Iron, Gold, Aluminum, Copper, Nickel, Other Minerals or Metals
3) By Waste Type: Overburden/Waste Rock, Tailings, Mine Water
Asia-Pacific was the largest region in the mining waste management market in 2023. The regions covered in the mining waste management market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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Major Driver Impacting Market Growth
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 tons (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.
Key Industry Players
Major companies operating in the mining waste management market report are Veolia Environnement SA, Teck Resources Limited, Metsana Group, Amec Foster Wheeler plc, Stantec Inc., Daiseki Co Ltd., Tetra Tech Inc., Ramboll Group A/S, Cleanway Environmental Services, Boart Longyear Corporation, Golder Associates Corporation, Ausenco Ltd., Hatch Ltd., Averda, Enviroserv Waste Management (Pty) Ltd., Klohn Crippen Berger Ltd., Barr Engineering Company, Enviropacific, Aevitas Co, Interwaste Holdings Ltd., Knight Piesold, Toxfree Solutions Ltd., Jones & Wagener, ATC Williams Pty. Ltd., Earth Systems, American Waste Management Services Inc., SRK Consulting (Australasia) Pty Ltd., Global Mining Solutions, Zeal Environmental Technologies Limited, Beavers Engineering Ltd.
The mining waste management market report table of contents includes:
1. Executive Summary
2. Mining Waste Management Market Characteristics
3. Mining Waste Management Market Trends And Strategies
4. Mining Waste Management Market – Macro Economic Scenario
5. Global Mining Waste Management Market Size and Growth
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32. Global Mining Waste Management Market Competitive Benchmarking
33. Global Mining Waste Management Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Mining Waste Management Market
35. Mining Waste Management Market Future Outlook and Potential Analysis
36. Appendix
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