Marine Mining Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

Marine Mining Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

  • Transparency Market Research
  • April 2019
  • Energy
  • 0 pages

Report Description

1
1

Marine Mining Market - Overview

Resources such as fish and oil have been taken from the sea since many decades. Of late, the marine environment has been targeted as a source of renewable energy. The realization that metalliferous deposits on the seafloor could prove to be a valuable source of scare metals has become increasingly widespread in the last few years. Over the past decade, the demand for precious metals for advancing technologies has surged, making deep sea deposits increasingly attractive to commercial operators. The most likely targets for deep-sea mining are polymetallic sulfides, manganese nodules, and cobalt-rich ferromanganese crusts.

Papua New Guinea, Japan, and China are major countries for marine mining activities. In 2014, the International Seabed Authority and Japan Oil, Gas And Metals National Corporation (JOGMEC) signed a 15-year contract for the exploration of cobalt-rich ferromanganese crusts. Under the contract, JOGMEC is likely to have exclusive rights for exploration of cobalt-rich ferromanganese crusts over 3,000 square kilometers of the seabed in the Western Pacific. In 2017, Japan successfully tapped into a deposit of mineral resources from a deep water seabed off the coast of Okinawa. On the other hand, the marine mining market in China is anticipated to expand at a significant pace during the forecast period.

This report analyzes and forecasts the marine mining market at the global and regional levels. The market has been forecast based on value (US$ Mn) for the period from 2018 to 2026, considering 2017 as the base year. The study includes drivers and restraints of the global marine mining market. It also covers the expected impact of these drivers and restraints on the marine mining market during the forecast period. The report also highlights opportunities for the marine mining market at the global and regional levels.

The report includes detailed value chain analysis, which provides a comprehensive view of the global marine mining market. Porter’s Five Forces model has also been included to help understand the competition landscape of the market. The study encompasses market attractiveness analysis, wherein technology and application segments have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global marine mining market by segmenting it in terms of technology, application, and region. In terms of technology, the market has been classified into remotely operated vehicles (ROVs), SONAR, and marine seismic methods. Based on application, the marine mining market has been divided into automotive, precious metals, construction, electronics, and others (including industrial machinery and consumer goods). These segments have been analyzed based on the present and future trends. Regional segmentation covers the current and forecast demand for marine mining in North America, Europe, Asia Pacific, and Rest of World.

The report provides size (in terms of value) of the marine mining market for the base year 2017 and the forecast between 2018 and 2026. Market numbers have been estimated based on technology, and application segments of the global marine mining market. Market value have been provided for the global, regional, and country-level markets.

The report comprises profiles of major companies operating in the global marine mining market. Key players operating in the global market are Nautilus Minerals Inc., Neptune Minerals, UK Seabed Resources, Keppel Corporation Limited, Soil Machine Dynamics Ltd, Royal IHC, Ocean Minerals, LLC, Diamond Fields Resources Inc., DeepGreen Metals Inc., and China Minmetals Corporation. Market players have been profiled in terms of attributes such as company overview, financial overview, and recent developments.

The global marine mining market has been segmented as follows: 

Global Marine Mining Market, by Technology

  • Remotely Operated Vehicles (ROVs)
  • SONAR
  • Marine Seismic Methods 

Global Marine Mining Market, by Application

  • Automotive
  • Precious Metals
  • Construction
  • Electronics
  • Others (including Industrial Machinery and Consumer Goods)

Global Marine Mining Market, by Region

  • North America
  • U.S.
  • Canada
  • Europe
  • U.K.
  • Norway
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • Australia
  • Papua New Guinea
  • Rest of Asia Pacific
  • Rest of World
  • Brazil
  • Saudi Arabia
  • Rest of Countries

Key Takeaways

  • Asia Pacific is a leading region of the global marine mining market. The market in Asia Pacific is expected to expand at a rapid pace during the forecast period.
  • In 2015, the International Seabed Authority (ISA) issued seven new licenses to explore for the riches that lie on the floors of the Pacific, Indian, and Atlantic oceans
  • Papua New Guinea is the major country for marine mining activities across the globe
  • More than one million electric cars were sold across the globe in 2017 and China accounted for more than half of the global sales
  • In 2017, the total number of electric cars on the road surpassed three million across the world

Have query on this report?

Make an Enquiry

1. Preface
1.1. Report Scope and Market Segmentation
1.2. Research Highlights

2. Assumptions and Research Methodology
2.1. Report Assumptions 
2.2. Secondary Sources and Acronyms Used
2.3. Research Methodology

3. Executive Summary
3.1. Market Snapshot
3.2. Top Trends

4. Market Overview
4.1. Introduction
4.2. Market Indicators

5. Market Dynamics
5.1. Drivers and Restraints Snapshot Analysis
5.1.1. Drivers
5.1.2. Restraint
5.1.3. Opportunity
5.2. Porter’s Five Forces Analysis
5.2.1. Threat of Substitutes
5.2.2. Bargaining Power of Buyers
5.2.3. Bargaining Power of Suppliers
5.2.4. Threat of New Entrants
5.2.5. Degree of Competition
5.3. Global Marine Mining Market Analysis & Forecast (US$ Mn), 2017-2026
5.4. Regulatory Scenario
5.5. Value Chain Analysis

List of Tables

Table 01: Global Marine Mining Market Value (US$ Mn) Forecast, by Technology, 2017–2026
Table 02: Global Marine Mining Market Value (US$ Mn) Forecast, by Application, 2017–2026
Table 03: Global Marine Mining Market Value (US$ Mn) Forecast, by Region, 2017–2026
Table 04: North America Marine Mining Market Value (US$ Mn) Forecast, by Country, 2017–2026
Table 05: North America Marine Mining Market Value (US$ Mn) Forecast, by Technology, 2017–2026
Table 06: North America Marine Mining Market Value (US$ Mn) Forecast, by Application, 2017–2026
Table 07: U.S. Marine Mining Market Value (US$ Mn) Forecast, by Technology, 2017–2026
Table 08: U.S. Marine Mining Market Value (US$ Mn) Forecast, by Application, 2017–2026
Table 09: Canada Marine Mining Market Value (US$ Mn) Forecast, by Technology, 2017–2026
Table 10: Canada Marine Mining Market Value (US$ Mn) Forecast, by Application, 2017–2026
Table 11: Europe Marine Mining Market Value (US$ Mn) Forecast, by Country and Sub-region, 2017–2026
Table 12: Europe Marine Mining Market Value (US$ Mn) Forecast, by Technology, 2017–2026
Table 13: Europe Marine Mining Market Value (US$ Mn) Forecast, by Application, 2017–2026
Table 14: U.K Marine Mining Market Value (US$ Mn) Forecast, by Technology, 2017–2026
Table 15: U.K Marine Mining Market Value (US$ Mn) Forecast, by Application, 2017–2026
Table 16: Norway Marine Mining Market Value (US$ Mn) Forecast, by Technology, 2017–2026
Table 17: Norway Marine Mining Market Value (US$ Mn) Forecast, by Application, 2017–2026
Table 18: Rest of Europe Marine Mining Market Value (US$ Mn) Forecast, by Technology, 2017–2026
Table 19: Rest of Europe Marine Mining Market Value (US$ Mn) Forecast, by Application, 2017–2026
Table 20: Asia Pacific Marine Mining Market Value (US$ Mn) Forecast, by Country and Sub-region, 2017–2026
Table 21: Asia Pacific Marine Mining Market Value (US$ Mn) Forecast, by Technology, 2017–2026
Table 22: Asia Pacific Marine Mining Market Value (US$ Mn) Forecast, by Application, 2017–2026
Table 23: China Marine Mining Market Value (US$ Mn) Forecast, by Technology, 2017–2026
Table 24: China Marine Mining Market Value (US$ Mn) Forecast, by Application, 2017–2026
Table 25: Japan Marine Mining Market Value (US$ Mn) Forecast, by Technology, 2017–2026
Table 26: Japan Marine Mining Market Value (US$ Mn) Forecast, by Application, 2017–2026
Table 27:  Papua New Guinea Marine Mining Market Value (US$ Mn) Forecast, by Technology, 2017–2026
Table 28: Papua New Guinea Marine Mining Market Value (US$ Mn) Forecast, by Application, 2017–2026
Table 29: Australia Marine Mining Market Value (US$ Mn) Forecast, by Technology, 2017–2026
Table 30: Australia Marine Mining Market Value (US$ Mn) Forecast, by Application, 2017–2026
Table 31: Rest of Asia Pacific Marine Mining Market Value (US$ Mn) Forecast, by Technology, 2017–2026
Table 32: Rest of Asia Pacific Marine Mining Market Value (US$ Mn) Forecast, by Application, 2017–2026
Table 33: Rest of World Marine Mining Market Value (US$ Mn) Forecast, by Country and Sub-region, 2017–2026
Table 34: Rest of World Marine Mining Market Value (US$ Mn) Forecast, by Technology, 2017–2026
Table 35: Rest of World Marine Mining Market Value (US$ Mn) Forecast, by Application, 2017–2026
Table 36: Brazil Marine Mining Market Value (US$ Mn) Forecast, by Technology, 2017–2026
Table 37: Brazil Marine Mining Market Value (US$ Mn) Forecast, by Application, 2017–2026
Table 38: Saudi Arabia Marine Mining Market Value (US$ Mn) Forecast, by Technology, 2017–2026
Table 39: Saudi Arabia Marine Mining Market Value (US$ Mn) Forecast, by Application, 2017–2026
Table 40: Rest of Countries Marine Mining Market Value (US$ Mn) Forecast, by Technology, 2017–2026
Table 41: Rest of Countries Marine Mining Market Value (US$ Mn) Forecast, by Application, 2017–2026

Success Stories

Our Clients

Tell Us What You Need and We’ll Get Back with the Best Solutions Available.

*
*
*

get in touch

Location :

State Tower, 90 State Street, Suite 700, Albany NY - 12207, United States

Call Us :

US/Canada toll free : 866-997-4948

Tel : +1-518-621-2074