Market News Latest

Biomining Market Size By Type of Metal Extracted, By Type of Process and By Region- Global Trends and Forecast to 2027

 Breaking News
  • No posts were found

Biomining Market Size By Type of Metal Extracted, By Type of Process and By Region- Global Trends and Forecast to 2027

August 05
16:16 2021
Biomining Market Size By Type of Metal Extracted, By Type of Process and By Region- Global Trends and Forecast to 2027
Global Biomining market generated revenue of around USD 1,500 million in 2020, and is expected to grow at a CAGR of more than 13.2% from 2021 to 2027, reaching around USD 3,600 million in 2027.

The Biomining market is expected to cross market value of USD 3,600 million in 2027 from USD 1,500 million in 2020. It is expected to grow at a CAGR of over 13.2% during the forecast period.

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.

Key Market Drivers and Restraints

This report covers very detailed analysis of major growth driving factors for Biomining market. It also discusses the key factors affecting growth for Biomining industry and helps to identify the key revenue pockets.

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

Impact of COVID 19

Many mining centers are working with limited number of resources, reducing the overall production; thus, market is impacted. Certain actions taken by governments of many countries to control the spread of COVID 19, has slightly limited the growth of biomining market. Because of the aforementioned reasons, in 2020, COVID 19 has resulted into a decline of about 10% in the total revenue generated by the global biomining market as compare to 2019. 

Europe to Dominate the global Biomining market

The global Biomining market covers the six regions, namely Europe, North America, Asia Pacific, Latin America (LATAM), Middle East and Africa, including all the key economies in these regions. The global Biomining market report from Credence Research offers a detailed insight on key regional markets. Europe dominated with over 30% share in 2020.

Global Biomining Market is led by the slope process

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. Slope biomining process is the most followed process because of its existence in the market from long time. However, Heap process is anticipated to grow at the fastest CAGR during the forecast period.  

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

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. Among all the metal, copper is the most used category across the globe. This is largely due to high demand for copper in various industries such as Automobile and Healthcare. 

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.

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

Key question answered in the report

  • What are the consequences of COVID 19 on global Biomining industry?
  • Which are the key metals extracted through Biomining?
  • Which are the key processes through which Biomining occurs?
  • Who are the key players in the global Biomining industry?
  • Which is the fastest growing application segment for global Biomining industry?
  • Which is the leading regional market for global Biomining industry?
  • What will be the CAGR (2021 – 2027) of in global Biomining industry?
  • Which are the major factors driving the growth of global Biomining industry?

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

About Us
Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives.

Media Contact
Name: Chris Smith
Address: 105 N 1st ST #429,
SAN JOSE, CA 95103 US
(US/CANADA) Ph.: +1-800-361-8290
E-mail: [email protected]

Media Contact
Company Name: Credence Research
Contact Person: Chris Smith
Email: Send Email
Phone: 18003618290
City: SAN JOSE
State: CA
Country: United States
Website: https://www.credenceresearch.com/report/biomining-market