The global mining waste management market size was estimated at USD 228.5 billion in 2023 and is projected to grow at a CAGR of 4.7% from 2024 to 2030. The increasing environmental concerns and crucial demand for sustainable waste management for the hazardous and non-hazardous waste types from mining activities are expected to propel the market growth. The demand for metals and minerals is rapidly increasing due to the rising demand for consumer products, electrical and electronic goods, and other decorative objects. Further, technological advancements in electric vehicles and the demand for lithium mining and other precious metals are gaining traction, which is anticipated to positively impact the mining industry and create opportunities for companies in mining waste management.
Industrial growth facilitated by the rising population and consequent increase in demand for manufacturing, automobiles, oil gas, processing, etc. is driving the demand for metal parts and machinery. This increasing demand is leading to rising mining for iron and steel ores. The mining activities lead to the generation of toxic and hazardous waste such as heavy metals, metalloids, acidic water (mine water) and radioactive substances.
Safe and secure disposal of these hazardous waste materials is necessary to avoid water and land contamination. Contamination of water bodies and land area with this waste leads to imbalance in ecosystems as well as severe health impacts. Implementing measures to prevent or control the leaching of harmful substances from waste sites into the surrounding environment is critical and boosting the market growth.
Mining Waste Management Market Report Highlights
- The surface mining method segment led the market, accounting for 80.2% of the global revenue share in 2023. Surface mining, particularly open-pit mining, tends to generate more waste compared to underground mining due to the extensive overburden removal.
- The thermal coal segment accounted for 32.5% of the global revenue share in 2023. Thermal coal, also known as steam coal, remained a significant source of energy generation in 2023, leading to one of the major mined ores worldwide.
- The overburden/waste rock segment dominated the global mining waste management market with a revenue share of 53.1% in 2023.
- The mining waste management market in Asia Pacific accounted for the largest revenue share of 53.7% in 2023. The extensive mining activities in China, India, Indonesia, Australia, etc., are attributed to large waste generation in the region.
Global Mining Waste Management Market Report Segmentation
This report forecasts revenue growth at global, regional country levels and provides an analysis on the industry trends in each of the sub-segments from 2018 to 2030. For the purpose of this study, Grand View Research has segmented the mining waste management market report based on mining method, metal/mineral, waste type, and region:
- Mining Method Outlook (Revenue, USD Billion, 2018 - 2030)
- Surface Mining
- Underground Mining
- Metal/Mineral Outlook (Revenue, USD Billion, 2018 - 2030)
- Thermal Coal
- Coking Coal
- Iron Ore
- Gold
- Copper
- Lead
- Zinc
- Other
- Waste Type Outlook (Revenue, USD Billion, 2018 - 2030)
- Overburden/ Waste Rock
- Tailings
- Mine Water
- Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- North America
- US
- Canada
- Mexico
- Europe
- UK
- Italy
- Germany
- Spain
- Russia
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Latin America
- Brazil
- Argentina
- Middle East Africa
- Saudi Arabia
- South Africa
- North America
Order a free sample PDF of the Mining Waste Management Market Intelligence Study, published by Grand View Research.