Published on : Feb 13, 2017
ALBANY, NY, FEb 13, 2017: The report discusses the key market trends, opportunities, drivers, and restraints in the global market for water and wastewater management for the mining sector. It also discusses market attractiveness, value chain analysis, supply and demand ratio, technological developments, and market projections. The global water and wastewater management market for the mining sector is projected to grow at a promising CAGR of 4.83% between 2017 and 2021.
The report has broadly segmented the global water and wastewater management market into water treatment and wastewater treatment. In 2016, the water treatment segment held the foremost position in the market with maximum share. The necessity of water in the extraction of minerals from the ores has been one of the key reasons for the prominence of this segment.
Of late, the mining sector has been witnessing considerable growth, particularly in the emerging economies, on account of which the demand for mineral-based products will increase substantially over the coming years. This might likely have a fallout on the environment. To curb it, several laws pertaining to environment protection will likely be passed and this in turn is forecasted to boost the global market for water and wastewater treatment substantially in the upcoming years. The quality of the water used in the extraction of minerals has a direct impact on the quality of the minerals extracted. Therefore, in order to avoid the use of contaminated water in the extraction process, the number of installation of water and wastewater management systems will rise up significantly. On the contrary, complexity issues arising from the management of wastewater resources will prove to be a major challenge.
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Based on geography, the global market for water and wastewater management has been segmented into Asia Pacific, Middle East and Africa, and the Americas. The Americas have been displaying massive demand for these systems due to the large-scale mining of lithium in the region, along with the implementation of regulatory frameworks for mining activities.
The global market for water and wastewater management appears to be consolidated in terms of competition, owing to the presence of a small number of market players who have a stronghold over the market. Innovative technologies are being increasingly adopted by these firms, so as to ensure the implementation of environment-friendly policies.
Some of the major companies operating in the global market for water and wastewater management are MWH Global, Lenntech, The Dow Chemical Company, AQUARION, IDE Technologies, Veolia, GE Water & Process Technologies, Pall, Amec Foster Wheeler, newterra, SUEZ Water & Treatment Solutions, Golder Associates, Carmeuse, Miwatek, Saltworks Technologies, and BioteQ Environmental Technologies. Numerous market players are providing customized solutions that are cost effective, focusing on installation of water softeners, ultrafiltration, and microfiltration, in order to ensure complete elimination of arsenic, manganese, and iron.
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