Chemicals and Materials Mining Waste Management Market | Page 2

Based on metals/minerals, the thermal coal segment is projected to lead the Mining
Waste Management Market from 2017 to 2022.
Based on metals/minerals, the thermal coal segment is projected to lead the Mining Waste
Management Market during the forecast period. Thermal coal is widely used in generating
power and energy and is used in cement production. The growth of the power & energy
sector and the increasing demand for cement from the global building construction market
are likely to drive the thermal coal segment. The rise in thermal coal exploration activities
across the globe will also drive the Mining Waste Management Market in the coming years.
Based on waste type, the tailings segment of the Mining Waste Management Market
is projected to grow at the highest CAGR during the forecast period.
Based on waste type, the tailings segment is expected to grow at the highest CAGR during
the forecast period. Tailings are water-based waste products left after the removal of
gangue from ores during surface mining operations. Tailings are stored on the surface of
the Earth in the form of dry stacks. They are also stored underground using the backfill
process. Tailings mining waste is widely generated during the production and exploration
of thermal coal, iron ore, copper and coking coal, and other metals & minerals. The demand
for coal from power & energy sector is increasing, along with the demand for various
metals and minerals from various end-use industries. The production and exploration of
these metals and minerals are expected to generate a huge amount of mining waste, which
will drive the Mining Waste Management Market in the coming years.
Asia Pacific is expected to account for the largest share of the Mining Waste
Management Market in 2022.
The Asia Pacific is expected to account for the largest share of the Mining Waste
Management Market in 2022. China, Australia, Kazakhstan, and India are the key countries
in the region contributing significantly to the Mining Waste Management Market.
Increasing population, rapid industrialization, and improving economic conditions are the
major factors that are expected to fuel the growth of various end-use industries, such as
automotive, electrical & electronics, power & energy, construction, and chemical in the
region. The increasing demand for metals & minerals and coal from these end-use
industries is expected to propel the growth of the Mining Waste Management Market in the
region.
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