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Global Green Mining Market Projected to Grow at 6.6% CAGR, Reaching $14.81 Billion by 2029

07-21-2025 09:53 AM CET | Chemicals & Materials

Press release from: The Business Research Company

Green Mining Market Size

Green Mining Market Size

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Green Mining Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for green mining has seen considerable growth in the recent past. From $10.57 billion in 2024, it's projected to climb up to $11.46 billion in 2025, reflecting a compound annual growth rate (CAGR) of 8.4%. The upward trend in the historical phase can be traced back to factors like demand for sustainable resources, cost reduction via optimisation, expectations from stakeholders and the community, focus on water and energy efficiency, and initiatives aimed at rehabilitation and restoration.

Green Mining Market Size Forecast: What's the Projected Valuation by 2029?
In the coming years, the green mining market is predicted to witness robust growth, with an anticipated rise to $14.81 billion in 2029 at a compound annual growth rate (CAGR) of 6.6%. The projected growth in this period can be linked to the circular economy in mining, fine-tuning of mining equipment, environmentally mindful material processing, conservation of biodiversity, and responsible mineral sourcing strategies. The forecast period is likely to see major trends like zero-emission vehicles and technologies, the use of blockchain for transparency and traceability, carbon capture and storage (CCS), collaborative efforts for sustainable mining practices, and progressive sensor technologies.

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What Are the Drivers Transforming the Green Mining Market?
The expansion of the green mining market is propelled by the rising demand for surface mining techniques. Mining companies generally favor surface mining over underground mining for a number of reasons. Cost-efficiency and safety, among other factors, give the surface mining technique an edge. The technique includes five different methods, namely, strip mining, open-pit mining, dredging, high-wall mining and mountaintop removal. As noted by Intech Open in 2022, open-pit mining is largely preferred because it ensures higher productivity, lower production costs, and a safer, cleaner environment than underground mining. Thus, the burgeoning demand for surface mining techniques is fueling the rapid progression of the green mining market.

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What Long-Term Trends Will Define the Future of the Green Mining Market?
Key companies in the green mining market are emphasizing the development of pioneering solutions like green energy accelerator platforms. Such a platform is a unique initiative or digital platform designed to expedite the propagation, acceptance, and expansion of green or renewable energy solutions. For instance, Australia's green energy firm, Fortescue Metals, unveiled the 'Fortescue Capital' in November 2023. This green energy investment accelerator platform is developed to serve as a fiduciary for third-party capital and aims to provide flexible funding solutions using models tailored to each project, subject to formal approval from the Fortescue board.

Which Segments in the Green Mining Market Offer the Most Profit Potential?
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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Which Firms Dominate the Green Mining Market by Market Share and Revenue in 2025?
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.

Which Regions Offer the Highest Growth Potential in the Green Mining Market?
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.

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