Press release
Surface Mining Resurgence Fueling The Rise Of Green Practices In Mining: A Significant Driver Propelling The Green Mining Market In 2025
Green Mining
What Is the Expected Green Mining Market Size During the Forecast Period?
The market size for green mining has experienced robust growth in the previous years. The market is forecasted to expand from $10.57 billion in 2024 to $11.46 billion in 2025, boasting a compound annual growth rate (CAGR) of 8.4%. The significant growth observed in the historical period can be traced back to the increasing demand for sustainable resources, cost reduction via efficiency, expectations from the community and stakeholders, water and energy efficiency, and initiatives aimed at rehabilitation and restoration.
In the coming years, the size of the green mining market is predicted to undergo significant growth, reaching a value of $14.81 billion in 2029 with a compound annual growth rate (CAGR) of 6.6%. The surge during the prediction period is due to the application of a circular economy in mining, the introduction of innovative mining equipment, the use of environmentally friendly material processing, biodiversity preservation, and the implementation of responsible mineral sourcing initiatives. Upcoming market trends include the adoption of zero-emission vehicles and technologies, the use of blockchain for enhanced transparency and traceability, carbon capture and storage (CCS), cooperation towards sustainable mining practices, and the use of advanced sensor technologies.
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What Are the High-Growth Segments in the Green Mining Market?
The green mining market covered in this report is segmented -
1) By Type: Surface, Underground
2) By Technology: Power Reduction, Emission Reduction, Water Reduction, Other Technologies
3) By Application: Mining, Exploration Geology
Subsegments:
1) By Surface: Open-Pit Mining, Strip Mining, Mountaintop Removal Mining
2) By Underground: Room and Pillar Mining, Longwall Mining, Block Caving
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What Key Drivers Are Expected to Influence Future Green Mining Market Growth?
The growth of the green mining market is being propelled by the rising demand for surface mining methods. Mining companies often favor surface mining over underground mining for numerous reasons. This method of mining is not only safer but also less costly. Surface mining includes five sub-classes: strip mining, open-pit mining, dredging, high-wall mining, and mountaintop removal. For example, Intech Open stated in 2022, that open pit mining, which provides higher productivity, lower production costs, and a more secure and sanitary environment, was preferred over underground mining. Consequently, the escalating demand for surface mining methods is rapidly boosting the green mining market.
Which Companies Hold the Largest Share Across Different Green Mining Market Segments?
Major companies operating in the green mining market include Glencore plc, Jiangxi Copper Corporation, BHP Group Limited, Caterpillar Inc., Rio Tinto Group, Vale S.A., Anglo American plc, Tata Steel Ltd., Komatsu Ltd., Freeport-McMoRan Inc., Atlas Copco, Teck Resources Limited, Doosan Corporation, Sany Heavy Industry Co. Ltd., Newmont Corporation, Sandvik AB, MA'ADEN, Hitachi Construction Machinery Co. Ltd., First Quantum Minerals Ltd., Shandong Gold Mining Co. Ltd., Albemarle Corporation, Eramet SA, Saudi Arabian Mining Corporation, Lundin Mining Corporation, Liebherr Group, Dundee Precious Metals Inc., Battery Mineral Resources, Century Lithium, Metso Corporation, Outotec Oyj, FLSmidth & Co. A/S, Arena Minerals Inc.
What Trends Are Driving Growth in The Green Mining Market?
Leading companies in the green mining market are concentrating on creating unique solutions such as green energy accelerator platforms. These platforms are specific initiatives or digital frameworks aimed at boosting the development, adoption, and expansion of green or renewable energy solutions. For example, Fortescue Metals, an Australian green energy company, rolled out 'Fortescue Capital' in November 2023. This green energy investment accelerator platform acts as a fiduciary for third-party capital and aims to provide a flexible financing approach, using models specifically tailored for each project subject to the Fortescue board's formal sanction.
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What Are the Emerging Geographies for The Green Mining Market Growth?
Asia-Pacific was the largest region in the green mining market share in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the green mining market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Green Mining Market?
2. What is the CAGR expected in the Green Mining Market?
3. What Are the Key Innovations Transforming the Green Mining Industry?
4. Which Region Is Leading the Green Mining Market?
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