Report Description
A recent market
intelligence report that is published by Data Insights Partner on the
global Green Mining Market makes an
offering of in-depth analysis of segments and sub-segments in the regional and
international Green Mining Market. The research also emphasizes on the impact of restraints,
drivers, and macro indicators on the regional and global Green
Mining Market over the short as
well as long period of time. A detailed presentation of forecast, trends, and
dollar values of global Green Mining Market is offered. In accordance with the report, the global
Green Mining Market is projected to
expand by healthy CAGR over the period
of forecast.
Market Insight, Drivers, Restraints,
Opportunity & Trends of the Market:
Definition
Natural
Resource Canada’s (NRC) Communications Advisor, Joshua Kirkey in the
Eco-friendly Mining Trends for 2014 has defined green mining as “technologies,
best practices and mining processes that are implemented as a means to reduce
environmental impacts associated with the extraction and processing of metals
and minerals. Examples include the reduction of greenhouse gases, selective
mining approaches to reduce the ecological footprint, and reduction in chemical
use. Green mining technologies and practices offer superior performance with
respect to energy efficiency, greenhouse gas emissions and the use of
chemicals.”
Market Drivers
The
surging concerns with regard to environmental issues like curbing the rising
emission of greenhouse gases, reducing the carbon footprint among the people is
driving the growth of the green mining market. Favorable government regulations
that are aimed at solving environmental issues are fueling the growth of the
green mining market. The mining process has disastrous effects on the
environment and the spurring awareness of environmental protection and
conservation is a key factor driving this market.
The
skyrocketing cost of energy, declining evaluations of metal, the asset strength
and the volume of waste resulting from units of assets widens the ecological
cost which in turn drives the green mining market.
In
course of the mining process, the power consumption is high and the control
over power consumption is negligible. However, the comminution process assists
in regulating power consumption. The adoption of sustainable policies with the
need to reduce the cost is thriving this market. the mining companies also have
to incur expenditure in the form of paying charges that is evaluated on the
basis of local issues resulting from the mining processes. To curb such
operational and maintenance cost, this market is gaining importance.
Surface
mining is efficient and cost-effective due to underground mining, maintaining
profitability is costly compared to open pit mines. Open pit mines have larger
generation scale and lower cost. Operations in surface mines carry on around
the clock and around the year thus diminishing the requirement of hardware.
These factors are augmenting the growth of the green mining market.
Market Restraints
Different
technologies used in the green mining processes leads to different problems.
For example, in the process of mining through tailings, the metals that are
produced after mining results to remain as a waste. The Dust Suppression
techniques are costly. In the sulphuric acid leaching extraction process,
contaminated wastes are generated and reduces the purity levels of cerium. All
these factors are severely restraining the growth of the green mining markets.
Other factors impeding the growth of the green mining market are as follows:
·
Inadequacy of skills and adequate human
resources
·
Unpredictable operational impacts
·
Lack of alternative for process technology
·
Lack of substitutability of inputs like raw
materials and chemicals
·
Unawareness and information barriers
·
High operational and implementational costs.
Opportunities
The
soaring environmental concerns and the supportive measures of the government
which include sales tax and import duty exemptions is likely to be lucrative
opportunity to kickstart the green mining market.
Research
and development of advanced technologies for green mining is likely to be a
good set of circumstances for this market.
Trends
The
market for green mining is divided into North America, Latin America, Europe,
Asia Pacific, Middle East and Africa. Globally the market for green mining is
expected to grow at a CAGR of 4.3% in the forecast period. Europe is projected
to dominate the green mining market owing to the adoption of sustainable living
by a larger proportion of the population in this region like Poland, Russia,
Germany and Turkey. This region came up as a biggest consumer and promoter with
regard to the green mining market. the drive for environmental conservation
with the help of advanced technology is fueling market growth in this region.
The market for North America and Asia Pacific is also expected to show significant
growth.
Segment Covered:
This market
intelligence report on the global Green Mining Market encompasses market segments based on mining type,
technology and country.
By
Mining Type the global Green Mining Market has been divided into:
q Underground
q Surface
By Technology
the global Green Mining Market has been divided into:
q Water
Reduction
o
Desalination
o
Tailings Remediation
o
Wastewater Processing
o
ARD/AMD Remediation
q Emission Reduction
o
Interior Bleaching
o
Carbon Sequestration
o
Dust Management
q Toxicity Reduction
o
Bioremediation
o
Bioleaching
q Fuel and Maintenance Reduction
o
Training Simulations
o
Natural Gas Conversion
o
Fuel Additives
o
Equipment Route Optimization
q Power Reduction
o
Hydrometallurgical Processes
o
Comminution Efficiency
By country/region,
the global Green Mining Market has been divided into:
q North
America (the U.S., Canada),
q Latin
America (Brazil, Mexico, Argentina and other countries),
q Europe
(Germany, France, the U.K., Spain, Italy, Russia, and other countries),
q Asia
Pacific (India, Japan, China, Australia and New Zealand and other countries),
q Middle
East and Africa (GCC, South Africa, Israel and Other countries).
Profiling of Market
Players:
This business
intelligence report offers profiling of reputed companies that are operating in
the market. Companies such as:
q Glencore
q Rio
Tinto
q BHP
Billiton
q Vale
S.A.
q Tata
Steel
q Anglo
American
q Jiangxi
Copper Cooperation
q Dundee
Precious
q Freeport-McMoRan
q Wipro
others have been
profiled into detail so as to offer a glimpse of the market leaders. Moreover,
parameters such as Green Mining Market related investment & spending and developments by
major players of the market are tracked in this global report.
Report Highlights:
In-depth
analysis of the micro and macro indicators, market trends, and forecasts of
demand is offered by this business intelligence report. Furthermore, the report
offers a vivid picture of the factors that are steering and restraining the
growth of this market across all geographical segments. In addition to that, IGR-Growth
Matrix analysis is also provided in the report so as to share insight of the
investment areas that new or existing market players can take into consideration.
Various analytical tools such as DRO analysis, Porter's five forces analysis
has been used in this report to present a clear picture of the market. The
study focuses on the present market trends and provides market forecast from
the year 2020-2028. Emerging trends that would shape the market demand in the
years to come have been highlighted in this report. A competitive analysis in
each of the geographical segments gives an insight into market share of the
global players.
Few Recent Developments
Vale S.A.
In 2017, USD 487
million was invested by Vale S.A. for environmental improvement. Waste
management, water resources and atmospheric emissions are the areas of
significant investment.
Rio Tinto
Rio Tinto is
concentrating on improving operational efficiency and productivity. It has
already reduced its emission intensity by 30% and is working for further
progress by 2020. A significant portion approximately 70% of electricity
consumption comes from renewable energy sources with lower carbon emission.
Salient Features:
Ø
This study offers
comprehensive yet detailed analysis of the Green Mining
Market, size of the market (US$ Mn), and Compound
Annual Growth Rate (CAGR (%)) for the period of forecast: 2020-2028, taking
into account 2019 as the base year
Ø
It explains upcoming
revenue opportunities across various market segments and attractive matrix of
investment proposition for the said market
Ø
This market
intelligence report also offers pivotal insights about various market opportunities,
restraints, drivers, competitive market strategies of leading market players,
emerging market trends, and regional outlook
Ø
Profiling of
key market players in the world Green Mining Market is done by
taking into account various parameters such as company strategies, distribution
strategies, product portfolio, financial performance, key developments,
geographical presence, and company overview
Ø
The data of
this report would allow management authorities and marketers of companies alike
to take informed decision when it comes to launch of Type of models, government
initiatives, marketing tactics and expansion, and technical up gradation
Ø
The world
market for Green Mining caters to the needs of various stakeholders pertaining to this
industry, namely suppliers, manufacturers, investors, and distributors for Green
Mining Market. The research
also caters to the rising needs of consulting and research firms, financial
analysts, and new market entrants
Ø
Research
methodologies that have been adopted for the purpose of this study have been
clearly elaborated so as to facilitate better understanding of the reports
Ø
Reports have
been made based on the guidelines as mandated by General Data Protection
Regulation
Ø
Ample number
of examples and case studies have been taken into consideration before coming
to a conclusion
Reasons to buy:
v
Identify
opportunities and plan strategies by having a strong understanding of the investment
opportunities in the Green Mining Market
v
Identification
of key factors driving investment opportunities in the Green Mining
Market
v
Facilitate
decision-making based on strong historic and forecast data
v
Position
yourself to gain the maximum advantage of the industry’s growth potential
v
Develop
strategies based on the latest regulatory events
v
Identify key
partners and business development avenues
v
Respond to
your competitors’ business structure, strategy and prospects
v
Identify key
strengths and weaknesses of important market participants