Marine Mining to Grow at 30% until 2024

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. The marine mining market is witnessing robust growth 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 pose  a challenge to the market players during forecast period.

Browse 109 market data Figures spread through XXX Pages and an in-depth TOC on "Global Marine Mining Market"

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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, Marine Seismic Methods. The remotely operated vehicles [ROVs] segment dominates the market owing to their use in ocean exploration studies and other scientific purposes. Based on metals, the market can be segmented into Silver, Gold, Copper, Zinc & Others. The Gold segmented is projected to register the highest CAGR during the forecast period attributable to the use of gold in jewellery making, in watches, in dentistry & medicine, among others.

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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., etc., are some of the leading players operating in global marine mining market. “Asia Pacific is expected to be the largest market during the forecast period, owing to the increase in demand from the construction, shipbuilding and electronics industry. Moreover, the bounteous accessibility of gold, copper, and different metals in the seaward islands of Australia is drawing in numerous marine mining hardware makers to deploy their resources in the region.” 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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