Gold Mining Market Segmentation:
Mining Method
The placer mining segment is expected to capture gold mining market share of around 56.7% by the end of 2035. The growth in this segment is impelled due to its effectiveness in gold extraction from alluvial deposits with natural concentration. Being a major part of gold production in small-scale and artisanal mining, this method is continuing to be widely used. In efforts to make such mining hassle-free, traders are introducing advanced technologies. For instance, in June 2024, Society Artisanal partnered with Minespider to track conflict-free, artisanal gold from the Democratic Republic of Congo. The company aims to utilize its blockchain-based traceability platform and Digital Product Passports to attain sustainable production of gold. This subsequently propelled the usage of the placer method.
End use
Based on end use, the jewelry segment is predicted to garner great business opportunities for the gold mining market during the forecast period. The increasing demand for gold jewelry in emerging geographical landscapes such as India and China is inflating the demand for mining. According to the report published by the World Gold Council, in January 2024, the global gold jewelry demand secured a marginal gain from 2,089t to 2,093t in the same year. In many countries, gold is considered a valuable asset, showcasing their socio-economic standards. In addition, this metal is highly preferred for crafting jewelry due to its beauty, rarity, and malleability, inflating the need for gold supply. This is further fostering a steady distribution channel for global miners.
Our in-depth analysis of the global market includes the following segments:
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Mining Method |
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End use |
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