The Global Green Mining Market- Growth, COVID-19 impact and Forecast (2021-2025)
The Green Mining Market is segmented by Mining type (Surface and Underground); Technology (Power Reduction, Fuel and Maintenance Reduction, Toxicity Reduction, Emission Reduction, and Water Reduction); Region (North America, Europe, APAC, ROW).
Introduction
Green mining involves eco-friendly practices primarily undertaken to reduce the harmful environmental impacts of mining activities. These practices control the utilization of hazardous chemicals and gases by deploying selective mining approaches for minimizing carbon footprints.
As the countries tighten the environmental regulations and the public concern about the environmental impacts is driving the demand for green mining. On the other hand, need for heavy capital investment is restricting the market
Despite the current pandemic situation, the mining activities across the globe have come to a temporary halt due to the lockdowns. However, rise in global demand for metals after the lockdowns is likely recovering their operations in full capacities from 2021. This is expected to mitigate to numerous potential negative impacts caused during COVID-19 and maximize their opportunities in future.
Table of Contents
Executive Summary
Scope of the report
Research Methodology
Executive Summary
Introduction
5.1 Parent Market/ TAM
5.2 Market Outline
5.3 Market Segmentation
6.Five Force analysis
7.Market Sizing
8.Market segmentation
9.Geographical Landscape
9.1 APAC
9.2 Europe
9.3 North America
9.4 ROW
10. Growth drivers
10.1 Demand for eco-friendly and sustainable mining solutions
10.2 Stringent regulations on wastage of water
11.Key Market Trends
12.Impact of Covid-19
13.Challenges
14.Customer Insights analysis
15.Major Market Players
15.1 Glencore
15.2 Rio Tinto
15.3 BHP Billiton
15.4 Vale
15.5 Tata Steel
15.6 Anglo American
15.7 Jiangxi Copper Corporation
15.8 Liebherr
15.9 Doosan Infracore
15.10 Sany
16.Recent Developments
17.Future Scope
18.Strategic Recommendations
Market Overview
Global green mining is expected to grow to $13.40 billion by 2025
Growth momentum is expected to accelerate during the forecast period with a 7.58% CAGR.
The surface mining segment is anticipated to grow at the highest CAGR during the forecast period.
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Europe region dominated the market as they are the largest consumer and promoter of green mining practices, owing to their growth of sustainable practices.
Key Trends
Introduction of electric vehicles and renewable sources of energy is likely to provide opportunities for the market growth.
The growing adoption of clean and renewable energy sources, such as wind and solar, for electrifying the mining procedures is anticipated to drive the demand.
Key Market Players
Some of the key players in the market are Glencore, Rio Tinto, BHP Billiton, Vale, Tata Steel, Anglo American.
Growing environmental concerns, increasing demand for the product from end-use industries, and rising government regulations are expected to encourage manufacturers to adopt green mining.
Growth Drivers and Challenges
The demand for eco-friendly and sustainable mining solutions is another key factor driving the market.
Stringent regulations on wastage of water in various countries such as the U.S. and China are driving the adoption of the green mining market.