Biomining Market

Market Insights:

The process through which microorganisms 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 oxidize these metals and allow them to dissolve in water. Despite of slower adoption rate in early 2000, the acceptance of Biomining has consistently grown over the past few years. Amid a challenging economic environment owing to COVID 19, Biomining has bagged the revenue of USD 1,500 million in 2020. Further, it is expected to exhibit a lucrative CAGR of over 13% to reach a market valuation of a whopping USD 3,600 million in 2027.

The process through which microorganisms 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 oxidize these metals and allow them to dissolve in water. Despite of slower adoption rate in early 2000, the acceptance of Biomining has consistently grown over the past few years. Amid a challenging economic environment owing to COVID 19, Biomining has bagged the revenue of USD 1,500 million in 2020. Further, it is expected to exhibit a lucrative CAGR of over 13% to reach a market valuation of a whopping USD 3,600 million in 2027.

Strong Demand from Europe to Spur Biomining Activities

Europe has remained one of the most sensitive regions toward environmental regulation. As a result, Biomining has experienced early adoption with an increase in its foothold in the region. However, stringent environmental regulation has limited the traditional mining activities in the region to a great extent. As a result, in 2020, the total market share of Europe in the Biomining industry had reached over 30% and was expected to maintain its dominant position over the forecast period.

Higher Processing Cost and Lack of Scalability to Process Huge Volume

One of the significant restraints for the Biomining industry is higher processing costs as it can’t be scaled to process higher volumes at a time. Secondly, there is a need for a large volume of fresh water to execute the Biomining process. Limited availability of such freshwater is also presenting one of the most significant challenges to growth. Surprisingly, the Biomining process also carries a potential threat to the environment if not carried out carefully. During the Biomining process, microbes produce highly acid-rich, metal-rich solutions, and any leakage can cause serious environmental subsequences.

Slope Process to Lead the Biomining Operations

Slope, Heap, and In-situ are the key process types through which biomining is performed. In 2020, the Slope biomining process accounted for the largest share of the biomining market. The slope process is the most sought-after Biomining process as it’s been in existence for a long time and has been proven to be the most efficient, economical, and reliable. However, the Heap process is likely to gain traction in Biomining activities over the forecast period and will exhibit a strong CAGR.

Copper would continue to dominate the global biomining market in terms of the type of metal extracted.

Copper, Iron, Gold, Zinc, and Cobalt are some major types of metal extracted through the biomining process. Copper mining is the most predominant segment of Biomining among all its applications. Higher demand for copper Biomining can be attributed to its highest demand and depletion of most copper mines. However, gold Biomining is also expected to increase at a rapid pace during the time span of analysis.

Leading companies are focusing on extensive research & development in the field of Biomining. Rio Tinto Plc, Freeport-McMoRan Copper and Gold Inc, Rio Algom Ltd, BHP, etc., are leading players in the global Biomining industry. Other prominent players participating in the global Biomining industry include but are not limited to BacTech, Anglo American, Teck Resources Ltd, Nyrstar NV, Bindura Nickel Corporation, Newmont Corporation, and Denison Mines Corp. Major players are focusing on the expansion of their activities to increase their global presence through joint ventures, collaboration, and acquisitions. In addition, increasing encouragement from governments and favorable regulations are attracting new players to venture into the Biomining industry.

1.Preface
1.1.Report Description
1.1.1.Purpose of the Report
1.1.2.Target Audience
1.1.3.USP and Key Offerings
1.2.Research Scope
1.3.Research Methodology
1.3.1.Phase I – Secondary Research
1.3.2.Phase II – Primary Research
1.3.3.Phase III – Expert Panel Review
1.3.4.Approach Adopted
1.3.4.1.Top-Down Approach
1.3.4.2.Bottom-Up Approach
1.3.5.Assumptions
1.4.Market Segmentation

2.Executive Summary
2.1.Market Snapshot: Global Biomining Market

3.Market Dynamics & Factors Analysis
3.1.Introduction
3.1.1. Global Biomining Market Value, 2015-2027, (US$ Bn)
3.2.Market Dynamics
3.2.1.Key Growth Trends
3.2.2.Major Industry Challenges
3.2.3.Key Growth Pockets
3.3.Attractive Investment Proposition, 2020
3.3.1.Type of Metal Extracted
3.3.2.Type of Process
3.3.3.Application
3.3.4.Geography
3.4.Porter’s Five Forces Analysis
3.4.1.Threat of New Entrants
3.4.2.Bargaining Power of Buyers/Consumers
3.4.3.Bargaining Power of Suppliers
3.4.4.Threat of Substitute Products
3.4.5.Intensity of Competitive Rivalry

4.Market Positioning of Key Players, 2020
4.1.Company market share of key players, 2020
4.2.Top 6 Players
4.3.Top 3 Players
4.4.Major Strategies Adopted by Key Players
4.5.Market Positioning of Key Players

5.COVID 19 Impact Analysis
5.1.Global Biomining Market Pre Vs Post COVID 19, 2019 – 2027
5.2.Impact on Import & Export
5.3.Impact on Demand & Supply

6.North America
6.1.North America Biomining Market, by Country, 2015-2027 (US$ Bn)
6.1.1.U.S.
6.1.2.Canada
6.1.3.Mexico
6.2.North America Biomining Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)
6.2.1.Overview
6.2.2.Copper
6.2.3.Iron
6.2.4.Gold
6.2.5.Zinc
6.2.6.Cobalt
6.2.7.Others
6.3.North America Biomining Market, By Type of Process, 2015-2027 (US$ Bn)
6.3.1.Overview
6.3.2.Slope
6.3.3.Heap
6.3.4.In-situ
6.4.North America Biomining Market, by Application, 2015-2027 (US$ Bn)
6.4.1.Overview
6.4.2.Mining
6.4.3.Metal Pollution Control

7.Europe
7.1.Europe Biomining Market, by Country, 2015-2027 (US$ Bn)
7.1.1.UK
7.1.2.France
7.1.3.Germany
7.1.4.Italy
7.1.5.Russia
7.1.6.Spain
7.1.7.Belgium
7.1.8.Netherland
7.1.9.Austria
7.1.10.Sweden
7.1.11.Poland
7.1.12.Denmark
7.1.13.Switzerland
7.1.14.Rest of Europe
7.2.Europe Biomining Market, by Product, 2015-2027 (US$ Bn)
7.2.1.Overview
7.2.2.Copper
7.2.3.Iron
7.2.4.Gold
7.2.5.Zinc
7.2.6.Cobalt
7.2.7.Others
7.3.Europe Biomining Market, By Type of Process, 2015-2027 (US$ Bn)
7.3.1.Overview
7.3.2.Slope
7.3.3.Heap
7.3.4.In-situ
7.4.Europe Biomining Market, by Application, 2015-2027 (US$ Bn)
7.4.1.Overview
7.4.2.Mining
7.4.3.Metal Pollution Control

8.Asia Pacific
8.1.Asia Pacific Biomining Market, by Country, 2015-2027 (US$ Bn)
8.1.1.China
8.1.2.Japan
8.1.3.South Korea
8.1.4.India
8.1.5.Australia
8.1.6.New Zealand
8.1.7.Taiwan
8.1.8.Southeast Asia
8.1.9.Central Asia
8.1.10.Rest of Asia Pacific
8.2.Asia Pacific Biomining Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)
8.2.1.Overview
8.2.2.Copper
8.2.3.Iron
8.2.4.Gold
8.2.5.Zinc
8.2.6.Cobalt
8.2.7.Other
8.3.Asia Pacific Biomining Market, By Type of Process, 2015-2027 (US$ Bn)
8.3.1.Overview
8.3.2.Slope
8.3.3.Heap
8.3.4.In-situ
8.4.Asia Pacific Biomining Market, by Application, 2015-2027 (US$ Bn)
8.4.1.Overview
8.4.2.Mining
8.4.3.Metal Pollution Control

9.Latin America
9.1.Latin America Biomining Market, by Country, 2015-2027 (US$ Bn)
9.1.1.Brazil
9.1.2.Argentina
9.1.3.Peru
9.1.4.Chile
9.1.5.Colombia
9.1.6.Rest of Latin America
9.2.Latin America Biomining Market, by Product, 2015-2027 (US$ Bn)
9.2.1.Overview
9.2.2.Copper
9.2.3.Iron
9.2.4.Gold
9.2.5.Zinc
9.2.6.Cobalt
9.2.7.Other
9.3.Latin America Biomining Market, By Type of Process, 2015-2027 (US$ Bn)
9.3.1.Overview
9.3.2.Slope
9.3.3.Heap
9.3.4.In-situ
9.4.Latin America Biomining Market, by Application, 2015-2027 (US$ Bn)
9.4.1.Overview
9.4.2.Mining
9.4.3.Metal Pollution Control

10.Middle East
10.1.Middle East Biomining Market, by Country, 2015-2027 (US$ Bn)
10.1.1.UAE
10.1.2.KSA
10.1.3.Israel
10.1.4.Turkey
10.1.5.Iran
10.1.6.Rest of Middle East
10.2.Middle East Biomining Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)
10.2.1.Overview
10.2.2.Copper
10.2.3.Iron
10.2.4.Gold
10.2.5.Zinc
10.2.6.Cobalt
10.2.7.Other
10.3.Middle East Biomining Market, By Type of Process, 2015-2027 (US$ Bn)
10.3.1.Overview
10.3.2.Slope
10.3.3.Heap
10.3.4.In-situ
10.4.Middle East Biomining Market, by Application, 2015-2027 (US$ Bn)
10.4.1.Overview
10.4.2.Mining
10.4.3.Metal Pollution Control

11.Africa
11.1.Africa Biomining Market, by Country, 2015-2027 (US$ Bn)
11.1.1.South Africa
11.1.2.Egypt
11.1.3.Nigeria
11.1.4.Rest of Africa
11.2.Africa Biomining Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)
11.2.1.Overview
11.2.2.Copper
11.2.3.Iron
11.2.4.Gold
11.2.5.Zinc
11.2.6.Cobalt
11.2.7.Other
11.3.Africa Biomining Market, By Type of Process, 2015-2027 (US$ Bn)
11.3.1.Overview
11.3.2.Slope
11.3.3.Heap
11.3.4.In-situ
11.4.Africa Biomining Market, by Application, 2015-2027 (US$ Bn)
11.4.1.Overview
11.4.2.Mining
11.4.3.Metal pollution Control

12.Global
12.1.Global Biomining Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)
12.1.1.Overview
12.1.2.Copper
12.1.3.Iron
12.1.4.Gold
12.1.5.Zinc
12.1.6.Cobalt
12.1.7.Other
12.2.Global Biomining Market, By Type of Process, 2015-2027 (US$ Bn)
12.2.1.Overview
12.2.2.Slope
12.2.3.Heap
12.2.4.In-situ
12.3.Global Biomining Market, by Application, 2015-2027 (US$ Bn)
12.3.1.Overview
12.3.2.Mining
12.3.3.Metal Pollution Control

13.Company Profiles
13.1.Rio Tinto Plc
13.2.Freeport-McMoRan Copper and Gold Inc
13.3.Rio Algom Ltd
13.4.BHP
13.5.BacTech
13.6.Anglo American
13.7.Teck Resources Ltd
13.8.Nyrstar NV
13.9.Bindura Nickel Corporation
13.10. Newmont Corporation
13.11. Denison Mines Corp

List of Figures

FIG. 1 Global Biomining Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global Biomining Market Segmentation
FIG. 4 Global Biomining Market, by Product, 2019 (US$ Bn)
FIG. 5 Global Biomining Market, by End-user, 2019 (US$ Bn)
FIG. 6 Global Biomining Market, by Geography, 2019 (US$ Bn)
FIG. 7 Attractive Investment Proposition, by Geography, 2019
FIG. 8 Global Market Positioning of Key Biomining Market Manufacturers, 2019
FIG. 9 Global Biomining Market Value Contribution, By Type of Metal Extracted, 2019 & 2027 (Value %)
FIG. 10 Global Biomining Market, by Metal 1, Value, 2015-2027 (US$ Bn)
FIG. 11 Global Biomining Market, by Metal 2, Value, 2015-2027 (US$ Bn)
FIG. 12 Global Biomining Market, by Metal 3, Value, 2015-2027 (US$ Bn)
FIG. 13 Global Biomining Market, by Metal 4, Value, 2015-2027 (US$ Bn)
FIG. 14 Global Biomining Market, by Metal 5, Value, 2015-2027 (US$ Bn)
FIG. 15 Global Biomining Market, by Others, Value, 2015-2027 (US$ Bn)
FIG. 16 Global Biomining Market Value Contribution, By Type of Process, 2019 & 2027 (Value %)
FIG. 17 Global Biomining Market, by Process 1, Value, 2015-2027 (US$ Bn)
FIG. 18 Global Biomining Market, by Process 2, Value, 2015-2027 (US$ Bn)
FIG. 19 Global Biomining Market, by Process 3, Value, 2015-2027 (US$ Bn)
FIG. 20 U.S. Biomining Market, 2015-2027 (US$ Bn)
FIG. 21 Rest of North America Biomining Market, 2015-2027 (US$ Bn)
FIG. 22 U.K. Biomining Market, 2015-2027 (US$ Bn)
FIG. 23 Germany Biomining Market, 2015-2027 (US$ Bn)
FIG. 24 France Biomining Market, 2015-2027 (US$ Bn)
FIG. 25 Rest of Europe Biomining Market, 2015-2027 (US$ Bn)
FIG. 26 Japan Biomining Market, 2015-2027 (US$ Bn)
FIG. 27 China Biomining Market, 2015-2027 (US$ Bn)
FIG. 28 India Biomining Market, 2015-2027 (US$ Bn)
FIG. 29 Rest of Asia Pacific Biomining Market, 2015-2027 (US$ Bn)
FIG. 30 Middle East & Africa Biomining Market, 2015-2027 (US$ Bn)
FIG. 31 Latin America Biomining Market, 2015-2027 (US$ Bn)

List of Tables

TABLE 1Market Snapshot: Global Biomining Market
TABLE 2Global Biomining Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)
TABLE 3Global Biomining Market, by Type of Process, 2015-2027 (US$ Bn)
TABLE 4Global Biomining Market, by Application, 2015-2027 (US$ Bn)
TABLE 5Global Biomining Market, by Geography, 2015-2027 (US$ Bn)
TABLE 6North America Biomining Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)
TABLE 7North America Biomining Market, by Type of Process, 2015-2027 (US$ Bn)
TABLE 8North America Biomining Market, by Country, 2015-2027 (US$ Bn)
TABLE 9Europe Biomining Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)
TABLE 10Europe Biomining Market, by Type of Process, 2015-2027 (US$ Bn)
TABLE 11Europe Biomining Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 12Asia Pacific Biomining Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)
TABLE 13Asia Pacific Biomining Market, by Type of Process, 2015-2027 (US$ Bn)
TABLE 14Asia Pacific Biomining Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 15Latin America Biomining Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)
TABLE 16Latin America Biomining Market, by Type of Process, 2015-2027 (US$ Bn)
TABLE 17Latin America Biomining Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 18Middle East Biomining Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)
TABLE 19Middle East Biomining Market, by Type of Process, 2015-2027 (US$ Bn)
TABLE 20Middle East Biomining Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 21Africa Biomining Market, by Type of Metal Extracted, 2015-2027 (US$ Bn)
TABLE 22Africa Biomining Market, by Type of Process, 2015-2027 (US$ Bn)
TABLE 23Africa Biomining Market, by Country/Region, 2015-2027 (US$ Bn)
TABLE 24Company 01: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25Company 2: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26 Company 3: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27Company 4.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28Company 5: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 29 Company 6: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 30Company 7: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 31Company 8: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 32Company 9: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 33Company 10: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 34Company 11: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 35Company 12: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments
TABLE 36Company 13: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments