Enjoy complimentary customisation on priority with our Enterprise License!
The water and wastewater management market size for the mining sector is forecast to increase by USD 2.88 billion at a CAGR of 7.45% between 2023 and 2028. The Water and Wastewater Management Market expansion hinges on various factors. Primarily, the mining industry's increasing embrace of sustainable practices significantly influences market growth. Stringent environmental regulations and policies are another crucial element, ensuring industries adhere to eco-friendly standards. Moreover, the scarcity of natural water sources in proximity to mining operations intensifies the demand for advanced water management systems. These factors collectively contribute to the market's robust growth, with a focus on sustainable, efficient, and compliant solutions.
Market Forecast 2024-2028
To learn more about this report, Request Free Sample
In the domain of water resources, addressing environmental impacts and ecological impact is paramount, especially in industries like mining and oil and gas, where processes such as ion exchange, membrane filtration, and reverse osmosis play crucial roles in mitigating these effects. Embracing practices like water reuse and recycling contributes to water security and promotes sustainable practice. In sectors like mining, the adoption of zero liquid discharge systems helps manage toxic heavy metals, surfactants, fine particles, and other pollutants like soaps and detergents, oil and grease rubber, and alkaline chemicals. Additionally, the industry grapples with high acidic chemicals, coal particles, and various other poisonous chemicals, necessitating stringent environmental regulations and heightened environmental awareness. Amidst growing concerns, the integration of electric vehicles within mining companies aligns with the broader push for sustainability within the global mining industry. Through collaborative efforts and innovative solutions, the industry strives to balance resource extraction with environmental preservation, ensuring a sustainable future for generations to come.
The Americas and Africa house some of the major mining infrastructures of the world, operating at locations with scarce water bodies in the vicinity. In the process of extraction of minerals, large quantities of water are used. Also, large quantities of contaminated water are generated as a by-product. With every gallon of contaminated water that enters the water stream, the entire water resource is rendered unusable, which further increases the water stress level.
Moreover, while water-related conflicts can occur in any water-stressed region, such issues may also intensify because of the limited water and wastewater management infrastructure and strict water-related government regulations. This has resulted in the adoption of wastewater management techniques to refine and reuse the available water. Consequently, the mining operations carried out in water-stressed regions have provided significant opportunities to both the equipment and service providers in the market and, in turn, will propel the growth of the market during the forecast period.
The blasting and drilling applications are very important in the mining industry and involve drilling the rock and using explosive chemicals to break it down into smaller pieces. As the reserves deplete, the quality of the ore decreases, which requires more intensive processes. In addition, the lower grade also requires chemicals, and the chemical runoff poses a serious risk to the environment, creating social (local communities), environmental (regulatory), and strategic (board members) issues for the mining company, as water is a scarce resource.
Consequently, to overcome such issues, water and wastewater management has become an integral aspect of both greenfield and brownfield expansion projects in the mining industry, with companies emphasizing maximum water recovery, recycling, and reuse. PolyDADMAC plays a significant role in this process by facilitating effective water treatment and ensuring compliance with environmental regulations. The installation of PolyDADMAC-based water and wastewater treatment equipment is expected to increase across mining sites, driving market growth and trends during the forecast period. By employing PolyDADMAC, mining companies can enhance the efficiency of their water management strategies, mitigate environmental impacts associated with wastewater discharge, and promote sustainable practices.
The rise in environmental issues is resulting in the closure of many mines globally. The decline in commodity prices has also resulted in the temporary closure of a few mines. For instance, in May 2023, India announced its plan to close approximately 30 mines over the next three to four years to pave the way for forests or water bodies. In August 2023, two more mines in northwest Shaanxi province were ordered to suspend operations by safety inspectors in China's third-largest coal-mining region.
Moreover, in countries such as the UK and Germany, coal mining operations have been phased out or put on hold due to opposition from the public. However, in the case of coal mining, the shutdowns are likely permanent due to the growing concerns over global warming. Temporary and permanent shutdowns of mines will have a negative impact on the market in focus during the forecast period.
The water treatment segment will account for a major share of the market's growth during the forecast period.? Water is an important component of the mining industry. It is used to extract minerals from ore; thus, the success of the mining operations is largely dependent on the availability of water. Water treatment involves raw water treatment, desalination, processing, and cooling. Apart from ensuring water quality to maintain mineral grade, the regulations imposed on water use and the need to overcome water scarcity have led the mining industry to reuse water. Depending on the quality of the water required for the processes, technologies such as RO or ultrafiltration are used to treat water.
Customised Report as per your requirements!
The water treatment segment was valued at USD 2.71 billion in 2018. Furthermore, the growth in deep-sea commercial mining projects has spurred the demand for water desalination and treatment equipment, owing to the rising global demand for minerals and resources, such as uranium that are sourced from deep-sea mining, and owing to the advances in technology to support deep-sea mining activities. Consequently, owing to the growth in deep-sea mining, the demand for pre-water treatment and water management for activities such as desalination and water processing is increasing, which will drive the growth of the water treatment segment of the market during the forecast period.
For more insights on the market share of various regions Download Sample PDF now!
APAC is estimated to contribute 36% to the growth by 2028. Technavio’s analysts have elaborately explained the regional trends, drivers, and challenges that are expected to shape the market growth analysis during the forecast period. Another region offering significant growth opportunities to companies is North America. North America accounts for a significant share in the global water and wastewater management market for the mining sector with the US and Canada as the leading revenue-generating countries. The growth of this region is attributed to extensive regulatory systems that govern mining activities.
Additionally, owing to the increasing demand for metals and minerals and the growth in exploration-related activities, companies engaged in mineral and metal mining are expanding operations in the North American region, which is driving the demand for water and wastewater treatment equipment in new mining sites. Moreover, petrochemical plants on the US Gulf Coast are likely to cater to the demand for energy minerals from Canada and the US. Hence, such factors are expected to drive market growth in this region during the forecast period.
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
We also have detailed analyses of the market’s competitive landscape and offer information on 20 market companies, including:
Alfa Laval AB, BQE Water Inc., Carmeuse Coordination Center SA, Condorchem Envitech SL, Dow Chemical Co., Fluence Corp. Ltd., General Electric Co., Genesis Water Technologies Inc., Gradiant Corp., IDE Water Technologies, John Wood Group PLC, Lenntech BV, Meridiam SAS, MIWATEK, Newterra Ltd., Saltworks Technologies Inc., Stantec Inc., and Veolia Environnement SA
Technavio market forecast the an in-depth analysis of the market and its players through combined qualitative and quantitative data. The analysis classifies companies into categories based on their business approaches, including pure-play, category-focused, industry-focused, and diversified. Companies are specially categorized into dominant, leading, strong, tentative, and weak, based on their quantitative data analysis.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments.
Meeting operational needs in industries like mining and oil and gas requires advanced water treatment technologies to address a myriad of contaminants and preserve freshwater resources. The integration of digital technologies, including sensors, machine learning, and artificial intelligence, revolutionizes processes such as leak detection, treatment process optimization, and water usage monitoring. In the pursuit of efficiency and sustainability, industries prioritize digital technology integration for sustainable water management, enhancing practices like waste management techniques and reducing the environmental footprint of water-intensive mining operations.
Furthermore, as the demand for electric cars rises, the extraction of resources like cobalt, nickel, and lithium underscores the importance of responsible water usage within the mining industry. Water treatment equipment undergoes digitization to streamline operations and manage a range of organic and inorganic chemicals found in industrial processes. By leveraging these advancements, industries strive to achieve operational excellence while minimizing their impact on the environment and promoting sustainable practices across the globe.
| Market Scope | |
|
Report Coverage |
Details |
|
Page number |
170 |
|
Base year |
2023 |
|
Historic period |
2018-2022 |
|
Forecast period |
2024-2028 |
|
Growth momentum & CAGR |
Accelerate at a CAGR of 7.45% |
|
Market Growth 2024-2028 |
USD 2.88 billion |
|
Market structure |
Fragmented |
|
YoY growth 2023-2024(%) |
7.04 |
|
Regional analysis |
North America, APAC, Europe, South America, and Middle East and Africa |
|
Performing market contribution |
APAC at 36% |
|
Key countries |
US, Canada, China, Germany, and France |
|
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
|
Key companies profiled |
Alfa Laval AB, Aquatech International LLC, BQE Water Inc., Carmeuse Coordination Center SA, Condorchem Envitech SL, Dow Chemical Co., Fluence Corp. Ltd., General Electric Co., Genesis Water Technologies Inc., Gradiant Corp., IDE Water Technologies, John Wood Group PLC, Lenntech BV, Meridiam SAS, MIWATEK, Newterra Ltd., Saltworks Technologies Inc., Stantec Inc., and Veolia Environnement SA |
|
Market dynamics |
Parent market analysis, Market forecasting growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
|
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
[5/24 5:45 PM] Saman Mishra
We can help! Our analysts can customize this market research report to meet your requirements. Get in touch
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
Get the report (PDF) sent to your email within minutes.
Get lifetime access to our
Technavio Insights
Quick Report Overview:
Cookie Policy
The Site uses cookies to record users' preferences in relation to the functionality of accessibility. We, our Affiliates, and our Vendors may store and access cookies on a device, and process personal data including unique identifiers sent by a device, to personalise content, tailor, and report on advertising and to analyse our traffic. By clicking “I’m fine with this”, you are allowing the use of these cookies. Please refer to the help guide of your browser for further information on cookies, including how to disable them. Review our Privacy & Cookie Notice.
