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Biomining Market is Expected to Grow a CAGR of 13.2% During the Forecast Period

The latest market report published by Credence Research “Global Biomining Market: Growth, Future Prospects, and Competitive Analysis, 2015 - 2027”. The global Biomining market generated revenue of around USD 1,500 million in 2020 and anticipated to grow at a CAGR of over 13.2% during the forecast period from 2021 to 2027 to reach around USD 3,600 million in 2027.

Global Biomining Market, 2020 – 2027 (USD Million)

Biomining Market

Browse the full report at  https://www.credenceresearch.com/report/biomining-market

The process through which microorganisms are used to extract metals from mine waste or rock ores is known as biomining or bioleaching. The extracted metals are usually bound up in solid minerals and certain microbes help in oxidize these metals and allow them dissolve in water. Sometimes, biomining techniques are also used to clean sites that are polluted with metals.

Key Trends in Global Biomining Market

Increasing concern towards environmental pollution

Globe is witnessing towards increasing environmental pollution and with increasing concern towards the same is anticipated to drive the growth of Biomining market throughout the world. Biomining helps stabilize sulphate toxins which are released during mining process, causing no harm to the environment. Also, these toxins can cause health problems to miner, and adoption for biomining would help in reducing such problems.

Besides, reducing health problems and environmental pollution, biomining is a cost-effective technique as compared to smelting process. This is further expected to drive the demand in the market.

Impact of COVID 19 on Biomining Market

Certain actions taken by governments of many countries to control the spread of COVID 19, has slightly limited the growth of biomining market, in current scenario. Many mining centers are working with limited number of resources has reduced the overall production; thus, market is impacted. Further, it is observed that controlled movement of people, followed by disturbed import-export has also impacted the growth of this market. COVID 19 resulted into decline of 10% in total revenue generated by the global biomining market as compare to 2019.

Global Biomining Market by Type of Metal Extracted Insights

Copper, Iron, Gold, Zinc and Cobalt are some of the major types of metal extracted through biomining process. Copper segment accounted for the largest share in 2020 of the biomining market in 2020.

Copper Segment to Dominate the global Biomining market

Global Biomining Market by Type of Metal Extracted, 2020

Biomining Market

Global Biomining Market by Type of Process Insights

Slope, Heap, and In-situ are the key process types through which biomining is performed. In 2020, Slope biomining process accounted for the largest share of biomining market.

Global Biomining Market Share by Type of Process, 2020

Biomining Market

Global Biomining Market by Application Insights

Global Biomining market is segmented based on application as mining and metal pollution control. Mining accounted for the largest share (over 90%) of the biomining market in 2020.

Global Biomining Market Share by Application, 2020

Biomining Market

Global Biomining Market by Regional Insights

Europe was the largest market for Biomining in 2020 and accounted for over 30% share in total revenue generation. Countries such as Germany and UK are observed to adopt and promote green activities including biomining, resulting in largest share. Increasing activities in China and Middle East for green mining is expected to drive the growth of Asia Pacific and Middle East tremendously during the forecast period.

Global Biomining Market Competitive Landscape

Most prominent players in the global Biomining market include Rio Tinto Plc, Freeport-McMoRan Copper and Gold Inc, Rio Algom Ltd, BHP, BacTech, Anglo American, Teck Resources Ltd, Nyrstar NV, Bindura Nickel Corporation, Newmont Corporation, Denison Mines Corp and others. The report covers very detailed profiles of these key players.

Global Biomining Market, Company Distribution Network, 2020

Biomining Market

Market Segmentation

Global Biomining Market by Type of Metal Extracted, 2015 - 2027

· Copper

· Iron

· Gold

· Zinc

· Cobalt

· Others      

Global Biomining Market by Type of Process, 2015 - 2027

· Slope

· Heap

· In-situ

Global Biomining Market by Application, 2015 - 2027

· Mining

· Metal Pollution Control

Global Biomining Market by Region, 2015 - 2027

· North America

· Europe

· Asia Pacific

· Latin America

· Middle East and Africa

Global Horizontal Directional Drilling (HDD) Market: Key Players

· Rio Tinto Plc

· Freeport-McMoRan Copper and Gold Inc

· Rio Algom Ltd

· BHP

· BacTech

· Anglo American

· Teck Resources Ltd

· Nyrstar NV

· Bindura Nickel Corporation

· Newmont Corporation

· Denison Mines Corp

. Others

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