Surface Mining Market

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Surface Mining Market Information by Method (Open
Pit Mining, Strip Mining, Mountain Removal Mining
and Others), Mineral (Metallic Ore, Non-metallic
Ore and Coal Mining), End user (Metal, Electric
power industry, Manufacturing, Others) And
Segment Forecast 20162026
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Market Summary
global Surface Mining Market is estimated to
reach USD 32.92 Billion by 2026, according to a
new report by Reports and Data. This can be
mainly associated with the consumption of metals
and minerals across the globe in several end-user
industries such as electronic and electrical, and
machinery industries. Also, increasing demand for
electricity is expected to drive the growth of
the market positively. According to the World
Bank, global metal consumption observed a
positive growth of about 1.80 in 2016.
Additionally, the increasing use of metals across
the globe is promoting the expansion of global
market. Apart from this, an abundance of mineral
and metal ores in the world is expected to impact
the growth of the market positively. Growing
consumption of electricity has raised the demand
for coals in the world. This factor is expected
to augment the growth of the global surface
mining market. Further, improvement in surface
mining technologies is also responsible for the
growth of the market. Also, the market is
observing the launch of new and innovative
surface mining solutions, which further enhances
operational efficiency. This factor is expected
to initiate current and future market growth
prospects. Surface mining is a kind of mining in
which mineral deposits are collected by removing
overlying rock and soil. The initial type of
surface mining methods includes open-pit mining,
strip mining, and mountaintop removal. Surface
mining offers several advantages over underground
mining, such as less complexity and low
operational cost. Free Report Sample _at_
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/1445
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• Further key findings from the report suggest
• Non-metallic ore accounts for a market share of
  30.6 in 2018.
• The rise in demand can be due to the growing use
  of lime, salts, and phosphate.
• Metallic ore is valued at USD 12.87 Billion by
  2026 and is estimated to reach USD 16.39 Billion
  by 2026 at a CAGR of 3.0 during the forecast
  period.
• Strip mining method accounts for the largest
  share of 36.8 of the market in 2018.
• Strip mining is implemented when the mineral
  deposits and the surface of the ground are
  adjacent to each other. It is likely due to
  increasing demand for metals such as zinc, gold,
  silver, and copper.
• Among the End users, the metal segment accounts
  for the largest share of 39.3 in 2018.
• Electric power industry end user is estimated to
  reach USD 7.41 Billion by 2016 at the highest
  CAGR of 3.2 during the forecast period.
• With the growing industrialization and
  urbanization across the globe, the demand for
  power generation has also increased.

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• The rising need has led to an enhanced demand for
  coal, which plays an essential role in energy
  production.
• Coal is widely used for electricity generation
  purpose, and is anticipated to promote the
  surface mining industry growth during the
  forecast period.
• Coal mining is likely to develop as a high
  growing activity, and it involves the use of
  devices such as road headers, scraper conveyors,
  and coal winning machines.
• Furthermore, the growing population, along with
  expanded economic activity, has boosted the
  market for coal significantly, for electricity
  production and heating purposes.
• Key participants include Rio Tinto, BHP Billiton,
  Barrick Gold Corporation, Glencor, China Shenhua
  Energy, Coal India Limited, Vale S.A.,
  Freeport-McMoran, Goldcorp Inc., Anglo America
• For the purpose of this report, Reports and Data
  have segmented global Surface Mining Market on
  the basis of Method, Mineral, End Users, and
  region
• Method Outlook (Volume, Kilo Tons and Revenue,
  USD Billion 2016-2026)
• Strip Mining
• Open Pit Mining

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• Mountain Removal Mining
• Others
• Mineral Outlook (Volume, Kilo Tons and Revenue,
  USD Billion 2016-2026)
• Metallic Ore
• Non-metallic Ore
• Coal Mining
• End User Outlook (Volume, Kilo Tons and Revenue,
  USD Billion 2016-2026)
• Metal
• Electric power industry
• Manufacturing
• Others
• Regional Outlook (Volume, Kilo Tons and Revenue,
  USD Billion 2016-2026)
• North America

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• Asia Pacific
• China
• India
• South-east Asia
• Latin America
• Brazil
• MEA
• Browse Complete Report _at_ https//www.reportsanddat
  a.com/report-detail/surface-mining-market

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