Global Marine Mining Market to Grow at a Robust CAGR During Forecast Period
Growing population coupled
with depletion of terrestrial deposits to drive global marine mining market
during forecast period
According to
TechSci Research report, “Global Marine
Mining Market By Technology, By Metal, By Region, Competition, Forecast
& Opportunities, 2024”, the global marine
mining market is expected to grow at a CAGR
of around 30% during the forecast period on account of growing
demand for durable goods and precious
metals such as gold, silver and platinum. However,
rising environmental concerns and stringent government rules associated with
seabed exploration are likely to hamper the growth of the market during
forecast period.
The global marine mining market is
segmented based on technology, metal, region and company. Based on technology,
the market can be categorized into Remotely Operated Vehicles [ROVs], SONAR and
Marine Seismic Methods. The remotely operated vehicles [ROVs] segment dominates
the market owing to their use in ocean exploration studies and for other
scientific purposes. Based on metals, the market can be segmented into silver, gold, copper, zinc &
others. The gold segmented is expected to witness growth at the highest CAGR
during the forecast period, on account of the use of gold in jewellery making,
watches, dentistry & medicine, among others.
China Minmetals Corporation, UK
Seabed Resources Ltd., Diamond Fields Resources Inc., Keppel Corporation
Limited, Nautilus Minerals Inc., Neptune Minerals, Inc, Ocean Minerals, LLC, Soil
Machine Dynamics Ltd., Royal IHC, Deep Green Metals Inc., are some of the
leading players operating in global marine mining market. Companies operating
in the market are using organic strategies such as product launches, mergers
and collaborations to boost their share.
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“Asia-Pacific is
expected to be the largest market in global marine mining market during the
forecast period, owing to the increasing demand from the construction,
shipbuilding and electronics industry in different countries of the region.
Moreover, the
bounteous accessibility of gold, copper, and different metals in the seaward
islands of Australia is drawing numerous marine mining hardware makers to put
resources in the region, thereby further fuelling growth in the market.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Marine Mining Market By Technology, By
Metal, By Region, Competition, Forecast & Opportunities, 2024” has evaluated the future growth potential of global marine mining market and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges and
opportunities in global marine mining market.
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