Dewatering Aids for Mining Market Size

Dewatering Aids for Mining Market size was valued at USD 440.6 million in 2023 and is expected to exceed USD 928.31 million by 2036, expanding at over 5.9% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of dewatering aids for mining is evaluated at USD 461.4 million.

Further, the market generated a significant revenue in the year 2021. The market is estimated to grow on the back of raising demand for minerals and metals globally. According to the World Bank report, by 2050, the production of minerals including graphite, cobalt is projected to grow by 500% as a result of increasing demand for clean energy technologies, which requires around 3 billion tons of minerals and metals in the near future.

The global dewatering aids for mining market is also estimated to witness growth on account of increasing mining waste globally. According to statistics by Mining, Minerals and Sustainable Development Project, about 98 billion tons of mining waste is generated every year from 3,500 large-scale mining operations around the world. Furthermore, rising awareness about mining sludge disposal and increasing advances in sludge management processes as well as strict government rules and regulations for the treatment of untreated mining sludge are expected to drive the global dewatering aids market for the mining market during the forecast period.