The global green mining market is expected to reach USD 16.00 billion by 2028, at a CAGR of 9.92% during the forecast period 2021-2028. Increasing adoption of sustainable mining practices is likely to be a key factor driving the market.
The green mining market is segmented based on type, Technology, and geography. By type, the market is divided into mineral processing, surface mining, underground mining, and other types of mining. Among these, the mineral processing segment is anticipated to dominate the market through 2028, due to the increasing demand for metals.
The market is primarily driven by the increasing demand for minerals and metals, especially in the automotive, construction, and electronics industries. Moreover, the implementation of stringent emission regulations by governments across the globe is projected to spur the demand for green mining processes.
In addition, technological advancements in the field of green mining have improved the efficiency of green mining operations, thereby resulting in its increased adoption. The development of environment-friendly technologies such as carbon capture and storage (CCS) and industrial decarbonization is also anticipated to bolster market growth.
Geographically, Europe’s Green mining Market Share in 2020 was 45.69%. Europe is expected to be the largest regional market over the forecast period. In addition, the presence of several leading green mining technology providers in the region is likely to propel regional market growth.
The Middle East and Africa region are anticipated to grow at the highest CAGR of 10.63% over the forecast period. Due to the increasing demand for metals from various industries in the region.
The prominent players in the global green mining market include Anglo American plc, Barrick Gold Corporation, BHP Group Ltd., Rio Tinto Group, and Vale S.A., among others. These companies are focusing on the adoption of green mining processes to reduce their environmental footprint and increase their operational efficiency.
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