The global surface mining market size was USD 39.67 Billion in 2021 and is expected to register a revenue CAGR of 3.3% over the forecast period, according to the latest report by Reports and Data.
Rising demand for dredging, which is utilised for a variety of functions such as channel and harbour maintenance, debris removal from water to enhance water quality, and the construction of new landforms such as islands or boat ramps, is a significant element driving market revenue growth. Dredging, which may be done using a variety of dredges, is a rapid and effective means of removing silt. It allows the user to swiftly collect silt and carry it to a distant location while partially or completely submerged in water. Dredging is a critical underwater excavation stage in the construction of canal constructions such as bridges, docks, and piers.
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Market Scenario:
The materials and chemicals sector has significantly grown over the recent years and is expected to register robust revenue CAGR over the forecast period. The materials and chemicals sector comprises daily wear products such as detergents, perfumes, soaps, and other raw materials and chemicals used in the manufacturing of other products. There has been a significant increase in the demand for raw materials and chemicals across various industrial sectors such as healthcare and pharmaceuticals, automotive, agriculture, manufacturing, paint, and food and beverages among others. Factors such as increasing awareness about green energy and excess carbon emission, changing consumer preference, growing adoption of biodegradable, sustainable and eco-friendly products, and rapidly expanding industries and building and construction sector are expected to boost global market revenue growth going ahead.
Major Companies:
- BHP
- Rio Tinto
- Glencore
- CHINA SHENHU
- Vale
- Freeport-McMoRan
- Barrick Gold Corporation
- Newmont Corporation
- Anglo American
Competitive Landscape:
The report further sheds light on the competitive landscape and provides in depth information about each market player including its global position, product portfolio, financial standing, revenue growth and company overview. The market players are focused on adopting various inorganic and organic growth strategies such as mergers and acquisitions, joint ventures, collaborations, product launches and partnerships to gain a robust footing in the market.
Key questions addressed in the report:
- What is the expected market size of the global Surface Mining market during the forecast period?
- What CAGR is the global market expected to register during the forecast period?
- Which key factors are expected to boost global market growth between 2021 and 2028?
- What are the key restraints that are expected to hamper global market growth?
- Which regional market is expected to register robust CAGR during the forecast period?
- Which key players are operating the global Surface Mining market?
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Surface Mining Market Segmentation:
Method Outlook:
- Strip Mining
- Open Pit Mining
- Mountaintop Removal Mining
Mineral Outlook:
- Metallic Ore
- Non-metallic Ore
- Coal Mining
Regional Outlook:
- North America
- S.
- Canada
- Mexico
- Europe
- Germany
- K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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