The global water and wastewater management market for the mining sector was valued at over USD 3 billion in 2016 and is expected reach almost USD 4 billion by 2021, says Technavio.
Technavio has announced its latest market research study on the global water and wastewater management market for the mining sector, under its water and waste management portfolio. This market analysis discourses the main drivers and key evolving trends and offers an analysis of top vendors like The Dow Chemical Company, GE Water & Process Technologies, Lenntech, Pall, and Veolia.
According to Thanikachalam Chandrasekaran, a lead analyst for water and waste management research at Technavio, “The shift towards the creation of a sustainable machinery for economic and industrial settings will fuel the growth in the market. The rapid uncontrolled industrialization across the globe is encouraging the regulatory bodies to implement stringent regulations towards protection of the environment.”
The development and enforcement of strict environmental laws will encourage vendors to launch machinery and equipment that are sustainable and help in reducing environmental pollution. These regulations are established to control the substances that can be dumped into the environment, on effluent compositions in the final waste dumps stream, and the chemical contents of the waste streams stored on or offsite. Such regulations will increase the demand in the water and wastewater management market in the mining sector.
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Growing demand for mineral-based products
The growing demand for mineral-based products will increase the ongoing expansion of mining activities in developing countries. Such activities will have a significant impact on the global water and wastewater treatment management market. The vendors in the market are focusing on the expansion of advanced water and wastewater facilities and improvement of existing facilities for the purpose of increasing water reuse and desalination practices.
Rapid industrialization in BRICS
The BRICS and other emerging countries are becoming the new mining hubs of the world with abundant natural mineral resources. The easy availability of skilled labor, raw materials, and the more favorable regulatory environment are attracting various mining companies to these countries. This increase in mining activity will increase the demand for water and wastewater treatment management services in these regions.
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This industry research analysis consists of a detailed study on market shares and sizes of the sub-sections and geography. A breakdown of the leading companies, including their key financials, market shares, business overview, etc. is provided in this report. This market study also provides a thorough analysis of major drivers, challenges, and opportunities influencing this market.
A comprehensive analysis is available in the Technavio report titled, ‘Global Water and Waste Water Management Market for the Mining Sector 2017-2021’. Technavio also customizes reports by other regions and specific sectors upon request.
Other related reports:
- Global Industrial Water Purifier Market 2017-2021
- Global Boiler Water Treatment Market 2016-2020
- Global Commercial Water Treatment Equipment Market 2016-2020
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