Mining Waste Management Market
Mining Waste Management Market Size, Share & Trends Analysis Report by Source (Surface Mining, and Underground Mining), by Waste Type (Solid Waste, and Liquid Waste), and by Commodity (Minerals, Fuels, Iron, Ferro Alloys, Industrial Minerals, and Others) Forecast Period (2024-2031)
Mining waste management market is anticipated to grow at a significant CAGR of 5.9% during the forecast period (2024-2031). The growing mining sector globally to meet the demand for minerals has created a demand for mining waste management. Mining waste management is a vital part of modern mining operations. It involves managing different types of waste, including solid waste, water, and tailings. The increasing automation in mining waste management activities is a key trend globally. However, the high equipment cost is a major challenge to global industry growth.
Market Dynamics
Stringent Regulations for Mining Waste Management
According to resiliance.org, the estimated global generation of waste from the primary production of metal and minerals in 2019 was over 100 billion tons per year (76.62bn tons in the Asia-Pacific region alone in 2022) and is growing because of decreasing ore grades and increased demand. The growing mining waste generation and stringent government regulations regarding its proper management are key factors driving the global market growth. For instance, the National Environmental Policy Act (NEPA), Clean Air Act (CAA), Resource Conservation and Recovery Act (RCRA), Clean Water Act (CWA), Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA) laws outline the responsibilities of several federal agencies, such as the Environmental Protection Agency (EPA), in regulating mining operations. Such laws mandate proper mining waste management thereby driving the global market growth.
Recycling of Mining Waste Holds Huge Growth Potential
The recycling of mining waste to produce valuable products is anticipated to offer lucrative opportunities for the growth of the global mining waste management market. For instance, in March 2024, the European Union (EU), Grant Agreement No 101058632, via its Horizon Europe program, under the topic ‘Building innovative value chains from raw materials to sustainable products’ (HORIZON-CL4-2021-RESILIENCE-01-07) has co-funded project “The START”. It is a breakthrough project that aims to use secondary resources from mining waste and tailings to develop sustainable tellurium-free thermoelectric (TE) devices. The goal is to build an innovative ecosystem in the EU related to the production of TE devices with the highest economic efficiency suitable for use in waste heat recovery systems.
Market Segmentation
- Based on the source, the market is segmented into surface mining and underground mining.
- Based on the waste type, the market is segmented into solid waste and liquid waste.
- Based on the commodity, the market is segmented into minerals, fuels, iron, ferroalloys, industrial minerals, and others (phosphate).
Solid Waste Holds Major Share Based on Waste Type
Various government regulations related to mining solid waste management are making significant contributions to the high share of this market segment. According to the Indian Bureau of Mines estimation, over 150 million tons of solid waste related to mining are generated in India every year. This is expected to increase substantially with the increase in the production of various minerals and may exceed 300 million tons of waste per year. Large investments in high-value metals like gold, base metals, and diamond among others are likely to create demand for solid waste management during the forecast period.
Regional Outlook
The global mining waste management market is further segmented based on geography including North America (the US, and Canada), Europe (the UK, Italy, Spain, Germany, France, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, and Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
Global Mining Waste Management Market Growth by Region 2024-2031
Asia-Pacific Holds Major Market Share
Asia-Pacific holds a major share in the global mining waste management market. The presence of large-scale mining projects and the existence of stringent regulations regarding proper mining waste management is a key contributor to the high share of the regional market. In March 2024, in a landmark initiative towards environmental rejuvenation, the Greater Chennai Corp. sanctioned a transformative project to bio-mine the longstanding Kodungaiyur dumpyard. This collaborative effort, led by three reputable firms, marks a significant step towards reclaiming decades of accumulated waste and restoring ecological balance in North Chennai. Such activities further support the awareness of the region regarding proper waste disposal thereby aiding the regional market growth.
Market Players Outlook
*Note: Major Players Sorted in No Particular Order.
The major companies serving the mining waste management market include Wood Group, Ausenco Pty Ltd., EnviroServ Waste Management (PTY) Ltd., Interwaste Holdings Ltd., and Veolia Environment among others. The market players are increasingly focusing on business expansion and product development by applying strategies such as collaborations, mergers and acquisitions to stay competitive in the market.
Recent Development
- In March 2024, Vale Base Metals launched the Pyrrhotite Resource Recovery Innovation Challenge to facilitate and enhance the recovery of valuable metals and minerals contained in pyrrhotite. The challenge reflects a commitment to driving innovative environmental solutions to identify and accelerate the development of novel approaches to process low-grade pyrrhotite tailings, the solid remnants resulting from the mineral processing of sulfide ore.
The Report Covers
- Market value data analysis of 2023 and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the mining waste management market. Based on the availability of data, information related to new products, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Industrial Trends
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.2. Ausenco Ltd.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. EnviroServ Waste Management (PTY) Ltd.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. Interwaste Holdings Ltd.
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. Veolia Environnement S.A.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Wood Group
3.6.1. Overview
3.6.2. Financial Analysis
3.6.3. SWOT Analysis
3.6.4. Recent Developments
3.7. Key Strategy Analysis
4. Market Segmentation
4.1. Global Mining Waste Management Market by Source
4.1.1. Surface Mining
4.1.2. Underground Mining
4.2. Global Mining Waste Management Market by Waste Type
4.2.1. Solid Waste
4.2.2. Liquid Waste
4.3. Global Mining Waste Management Market by Commodity Mining
4.3.1. Minerals
4.3.2. Fuels
4.3.3. Iron
4.3.4. Ferro Alloys
4.3.5. Industrial Minerals
4.3.6. Other (Phosphate)
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
5.4.1. Latin America
5.4.2. Middle East and Africa
6. Company Profiles
6.1. Averda
6.2. Daiseki Co., Ltd.
6.3. Enviropacific
6.4. Hatch Ltd.
6.5. Jones & Wagener.
6.6. Ramboll Group AS
6.7. SECHE ENVIRONNEMENT Group
6.8. Stantec, Inc.
6.9. Teck Resources Limited
6.10. Toxfree Solutions Ltd.
6.11. Zeal Environmental Technologies Ltd.
1. Global Mining Waste Management Market Research And Analysis By Source, 2023-2031 ($ Million)
2. Global Surface Mining Waste Management Market Research And Analysis By Region, 2023-2031 ($ Million)
3. Global Underground Mining Waste Management Market Research And Analysis By Region, 2023-2031 ($ Million)
4. Global Mining Waste Management Market Research And Analysis By Waste Type, 2023-2031 ($ Million)
5. Global Mining Solid Waste Management Market Research And Analysis By Region, 2023-2031 ($ Million)
6. Global Mining Liquid Waste Management Market Research And Analysis By Region, 2023-2031 ($ Million)
7. Global Mining Waste Management Market Research And Analysis By Commodity Mining, 2023-2031 ($ Million)
8. Global Mining Waste Management of Minerals Market Research And Analysis By Region, 2023-2031 ($ Million)
9. Global Mining Waste Management of Fuels Market Research And Analysis By Region, 2023-2031 ($ Million)
10. Global Mining Waste Management of Iron Market Research And Analysis By Region, 2023-2031 ($ Million)
11. Global Mining Waste Management of Ferro Alloys Market Research And Analysis By Region, 2023-2031 ($ Million)
12. Global Mining Waste Management of Industrial Minerals Market Research And Analysis By Region, 2023-2031 ($ Million)
13. Global Mining Waste Management of Other Commodities Market Research And Analysis By Region, 2023-2031 ($ Million)
14. Global Mining Waste Management Market Research And Analysis By Region, 2023-2031 ($ Million)
15. North American Mining Waste Management Market Research And Analysis By Country, 2023-2031 ($ Million)
16. North American Mining Waste Management Market Research And Analysis By Source, 2023-2031 ($ Million)
17. North American Mining Waste Management Market Research And Analysis By Waste Type, 2023-2031 ($ Million)
18. North American Mining Waste Management Market Research And Analysis By Commodity Mining, 2023-2031 ($ Million)
19. European Mining Waste Management Market Research And Analysis By Country, 2023-2031 ($ Million)
20. European Mining Waste Management Market Research And Analysis By Source, 2023-2031 ($ Million)
21. European Mining Waste Management Market Research And Analysis By Waste Type, 2023-2031 ($ Million)
22. European Mining Waste Management Market Research And Analysis By Commodity Mining, 2023-2031 ($ Million)
23. Asia-Pacific Mining Waste Management Market Research And Analysis By Country, 2023-2031 ($ Million)
24. Asia-Pacific Mining Waste Management Market Research And Analysis By Source, 2023-2031 ($ Million)
25. Asia-Pacific Mining Waste Management Market Research And Analysis By Waste Type, 2023-2031 ($ Million)
26. Asia-Pacific Mining Waste Management Market Research And Analysis By Commodity Mining, 2023-2031 ($ Million)
27. Rest Of The World Mining Waste Management Market Research And Analysis By Region, 2023-2031 ($ Million)
28. Rest Of The World Mining Waste Management Market Research And Analysis By Source, 2023-2031 ($ Million)
29. Rest Of The World Mining Waste Management Market Research And Analysis By Waste Type, 2023-2031 ($ Million)
30. Rest Of The World Mining Waste Management Market Research And Analysis By Commodity Mining, 2023-2031 ($ Million)
1. Global Mining Waste Management Market Share By Source, 2023 Vs 2031 (%)
2. Global Surface Mining Waste Management Market Share By Region, 2023 Vs 2031 (%)
3. Global Underground Mining Waste Management Market Share By Region, 2023 Vs 2031 (%)
4. Global Mining Waste Management Market Share By Waste Type, 2023 Vs 2031 (%)
5. Global Mining Solid Waste Management Market Share By Region, 2023 Vs 2031 (%)
6. Global Mining Liquid Waste Management Market Share By Region, 2023 Vs 2031 (%)
7. Global Mining Waste Management Market Share By Commodity Mining, 2023 Vs 2031 (%)
8. Global Mining Waste Management In Minerals Market Share By Region, 2023 Vs 2031 (%)
9. Global Mining Waste Management of Fuels Market Share By Region, 2023 Vs 2031 (%)
10. Global Mining Waste Management of Iron Market Share By Region, 2023 Vs 2031 (%)
11. Global Mining Waste Management of Ferro Alloy Market Share By Region, 2023 Vs 2031 (%)
12. Global Mining Waste Management of Industrial Minerals Market Share By Region, 2023 Vs 2031 (%)
13. Global Mining Waste Management of Other Commodities Market Share By Region, 2023 Vs 2031 (%)
14. Global Mining Waste Management Market Share By Region, 2023 Vs 2031 (%)
15. US Mining Waste Management Market Size, 2023-2031 ($ Million)
16. Canada Mining Waste Management Market Size, 2023-2031 ($ Million)
17. UK Mining Waste Management Market Size, 2023-2031 ($ Million)
18. France Mining Waste Management Market Size, 2023-2031 ($ Million)
19. Germany Mining Waste Management Market Size, 2023-2031 ($ Million)
20. Italy Mining Waste Management Market Size, 2023-2031 ($ Million)
21. Spain Mining Waste Management Market Size, 2023-2031 ($ Million)
22. Rest Of Europe Mining Waste Management Market Size, 2023-2031 ($ Million)
23. India Mining Waste Management Market Size, 2023-2031 ($ Million)
24. China Mining Waste Management Market Size, 2023-2031 ($ Million)
25. Japan Mining Waste Management Market Size, 2023-2031 ($ Million)
26. South Korea Mining Waste Management Market Size, 2023-2031 ($ Million)
27. Rest Of Asia-Pacific Mining Waste Management Market Size, 2023-2031 ($ Million)
28. Rest Of The World Mining Waste Management Market Size, 2023-2031 ($ Million)
29. Latin America Mining Waste Management Market Size, 2023-2031 ($ Million)
30. Middle East And Africa Mining Waste Management Market Size, 2023-2031 ($ Million)
