Report Code: A10744 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Surface Mining Market
Request Now !Surface mining is a type of mining process in which the overlying soil and rocks over a mineral deposit are removed and the minerals beneath them are recovered. The surface mining process is considered to be better than other conventional techniques in terms of safety, rate of recovery, and great control. Surface mining process also helps in the reduction of the overall cost of the process by assuring maximum utilization of the mines. As a result, this technique is gaining popularity for the extraction of minerals around the world.
COVID-19 scenario analysis:
The outbreak of the COVID-19 pandemic has severely affected the global surface mining market to a great extent.
With the rapid modernization across the globe there is a constant increase in the demand for metals and minerals in different industries. This played a major role in the growth of the surface mining market over the period of time. Requirement of metals such as nickel, chromium, gold, iron, and others has increased exponentially over the last few decades. Apart from just mining mineral and metals, surface mining also has great significance in the extraction of coal. Rapid urbanization and ever increasing need for fuel also adds to the growing applications of surface mining around the world. However, compared to the conventional mining techniques, surface mining has more prominent impacts on the environment, which limits the market growth.
The market in the North America region holds a significant share of the global surface mining market due to the rapid advancements in mining technologies in the developed regions such as the U.S. The market in the Asia-Pacific region is also likely to show potential growth with the increase in demand for minerals and metals in the emerging economies of the region.
Key benefits of the report:
Surface Mining Market: Global Opportunity Analysis and Industry Forecast, 2020–2027 Report Highlights
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Key Market Players | Sandvik AB, Caterpillar Inc, Hitachi Construction Machinery Co., Ltd., Atlas Copco AB, Komatsu Ltd, Freeport-McMoRan Inc, Rio TTint, BHP Billiton, Vale S.A, Barrick Gold Corporation. |
Anglo American Plc, BAI Group LLC, MacMahon, LAXYO, Mining Plus, Others |
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