Metal Mining Support Activities Global Market Report 2022

Metal Mining Support Activities Global Market Report 2022

  • May 2022 •
  • 300 pages •
  • Report ID: 6282212 •
  • Format: PDF
Major companies in the metal mining support activities market include The Metallurgical Corp of China, Hochtief AG, NRW Holdings Limited, The Weir Group plc, Major Drilling Group International Inc, Aveng Limited, Boart Longyear Ltd., and Foraco International SA.

The global metal mining support activities market is expected to grow from $143.32 billion in 2021 to $161.12 billion in 2022 at a compound annual growth rate (CAGR) of 12.4%. The metal mining support activities market is expected to grow to $256.89 billion in 2026 at a CAGR of 12.4%.

The metal mining support activities (except site preparation and related construction activities) market consists of sales of support activities for metal mining (except site preparation and related construction activities) by entities (organizations, sole traders and partnerships) that perform support activities for mining and quarrying of metallic minerals and for extraction of metal ores.Exploration for these minerals is included in this market and it includes traditional prospecting methods, such as taking core samples and making geological observations at prospective sites (but not geophysical surveying and mapping services).

The metal mining support activities market is segmented into metal mining drilling services; metal mining exploration services; metal mining draining services and other metal mining support activities.

The main types of metal mining support activities are metal mining drilling services, metal mining exploration services, metal mining draining services and other metal mining support activities.Metal drilling services are drilling activities performed on a contract basis for various metal mining customers across a wide range of commodities.

The various processes involved are underground and opencast. The different service providers include independent contractors and companies.

Asia Pacific was the largest region in the metal mining support activities market in 2021.South America was the second largest region in the metal mining support activities market.

The regions covered in the metal mining support activities market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Mining support companies are increasingly opting for 3D modeling technologies which reduce costs of discovery, improves prospecting and facilitates focused exploration.A geological 3D modeling tool provides computerized illustrations of earth crust based on geological and geophysical observations made on earth surface and earth crust.

It also provides detailed mapping and visualization of structural data of prospective mining zones and supports companies in resource estimation of mines, thus aiding the stakeholders to better interpret the data.This technology enhances discovery efficiency and improves exploration success rate.

For instance, BRGM, a leading geological exploration based in France, carried out 3D geological modeling at Gardanne coal basin.

The countries covered in the metal mining support activities market are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Vietnam, Bangladesh, Ukraine, and Iran.