The Green Mining Market has huge potential for growth during 2021-2026.
According to IMARC Group’s latest report, titled “Green Mining Market Share, Global Industry Trends, Size, Growth, Opportunity and Forecast 2021-2026”, the global green mining market grew at a CAGR of around 7% during 2015-2020. Looking forward, IMARC Group expects the global market to continue its moderate growth during the next five years.
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Green mining include several eco-friendly practices that are primarily undertaken to mitigate the harmful environmental impacts of conventional mining activities. They help in regulating the utilization of hazardous chemicals and gases by adopting selective mining approaches to reduce carbon footprints. Green mining functions upon various technologies pertaining to power reduction, fuel reduction and maintenance, water management, toxicity reduction, etc. Additionally, it also utilizes advanced machinery that runs on clean fuel to ensure zero-discharge and recover valuable minerals and metals from the re-mining processes.
The growing environmental concerns towards the adverse impact of conventional mining procedures are primarily augmenting the demand for sustainable and eco-friendly mining solutions. Moreover, numerous government bodies are implementing strict regulations to reduce carbon footprints during mineral and metal extraction processes. Additionally, several environmental protection agencies have mandated the ecological assessment procedures to ensure the safe development and rehabilitation of the mines. Besides this, the rapid inclusion of hybrid diesel-electric loaders in green mining practices to reduce carbon emissions and maintain ecological sustainability is also bolstering the market growth. Additionally, the increasing investments in extensive R&D activities for facilitating plant growth in metal-contaminated soils to restore vegetation post-mining, will continue to drive the global green mining market for green mining over the forecasted period.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global green mining market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market on the basis of mining type, technology and region.
Breakup by Mining Type:
Breakup by Technology:
- Power Reduction
- Comminution Efficiency
- Hydrometallurgical Processes
- Fuel and Maintenance Reduction
- Equipment Route Optimization
- Fuel Additives
- Natural Gas Conversion
- Training Simulators
- Toxicity Reduction
- Emission Reduction
- Dust Management
- Carbon Sequestration
- Interior Bleaching
- Water Reduction
- AMD/ARD Remediation
- Wastewater Processing
- Tailings Remediation
Breakup by Region:
- North America
- United States
- Asia Pacific
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
- Saudi Arabia
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The competitive landscape of the industry has also been examined with some of the key players being Anglo American Plc, BHP Group Limited, Dundee Precious Metals Inc., Freeport-McMoRan Inc., Glencore plc, Ma’aden (Saudi Arabian Mining Company), Rio Tinto Plc, Sany Heavy Industry Co. Ltd., Shandong Gold Mining Co. Ltd, Tata Steel Limited and Vale S.A.
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Note: As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
If you want to need latest primary and secondary data (2020-2025) with Cost Module, Business Strategy, Distribution Channel, etc. click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.