NEW YORK, May 20, 2019 /PRNewswire/ --
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.
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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
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