Marine Mining Market Size, Share and Forecast (2019-2026)

SKU: DMM36 | Last Updated On: 2019-09-04 | No. of Pages: 247 | Available Formats

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In July 2019, Odyssey Marine Exploration, Inc., has successfully achieved and acquired an equity interest of 79.9% in Bismarck Mining Corporation.

Market Overview

The process of recovering mineral wealth from sea water and from deposits on and under the sea floor. While mineral resources to the value of trillions of dollars do exist in and under the oceans, their exploitation is not simple. The deep-sea contains many different resources available for extraction, including silver, gold, copper, manganese, cobalt, and zinc. Many environmental problems must be overcome and many technical advances must be made before the majority of these deposits can be mined in competition with existing land resources.

The mineral resources of the marine environment are of different types: the dissolved minerals of the ocean waters; the unconsolidated mineral deposits of marine beaches, continental shelf, and deep-sea floor; and the consolidated deposits contained within the bedrock underlying the seas.

The global marine mining market size was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period.

Market Dynamics

Increasing shipbuilding and construction industries is the major driver for market growth worldwide. Shipbuilding and construction industries are expanding rapidly because of high rise in the various projects worldwide. This is expected to boost the demand for metals and minerals. Manufacturing industries have been growing in emerging economies such as India, Japan, China, Indonesia, and Brazil since the last past decade. The demand for metal products is increasing worldwide due to rapid industrialization. The rise in demand for automobiles and household equipment with metal content and mineral and growth in disposable income are the major impacting factors for market growth.

Adding to this, through FDI incentive schemes, various international players are investing heavily in their businesses in developing countries and this is expected to boost industrialization globally. For instance, most of the Indian companies across industries have operations in China. Indian corporate investments in China range from around USD 70 million.

However, Environmental issues are the major restraint hampering the growth of the market globally.

Segment Analysis

By application, the marine mining market is segmented into SONAR, marine seismic methods and remotely operated vehicles (ROVs). The global marine mining market size by technology was worth USD YY million in 2018 and is estimated to reach USD YY million by 2026, at a CAGR of YY% during the forecast period. Remotely Operated Vehicles (ROVs) are expected to grow with a high CAGR rate in the forecast period. Remotely Operated Vehicles (ROVs) are tethered underwater vehicles equipped with video cameras, sonars, pipe-trackers and navigation, positioning sensors and integrated job specific tooling.

ROVs inspect subsea system pipelines and other subsea equipment in water depths where divers cannot operate, whilst manipulators and intervention tools enable them to carry out task-specific project requirements at depths as great as 4000 meters. Companies are providing drilling and installation support for marine mining. For instance, Forgo provides a versatile range of ROVs and tooling to support exploration and production drilling programs.

By end user, the marine mining market is classified into construction, precious metal, electronics and construction.

Geographical Analysis

Asia Pacific market is expected to grow with a high CAGR rate in the forecast period. Economies in Asia Pacific are moving to marine mining to meet the rising demand from end-users and various industries. Electronic sectors and infrastructure industries are growing at a high speed in this region and expected to continue to the same in the forecast period. Therefore, demand for metals and minerals is growing at a rapid pace. Companies are having some collaborations for marine mining in this region.  For instance, Japan Oil, Gas, and Metals National Corporation (JOGMEC) and International seabed authority have signed a contract for exploration for cobalt-rich ferromanganese crusts. According to the contract, JOGMEC will be having special rights for exploration of cobalt-rich ferromanganese crusts for almost 3,000 square kilometers of the seabed in the Western Pacific.

Competitive Landscape

The Marine Mining market is highly competitive with existing players in the market.

Some of the major players include Keppel Corporation LimitedChina Minmetals Corporation, Diamond Fields Resources Inc, Ocean Minerals, LLC, Royal IHC, Nautilus Minerals Inc., Soil Machine Dynamics Ltd, DeepGreen Metals Inc., Neptune Minerals and UK Seabed Resources.

The key players are adopting various key strategies like collaborations, mergers & acquisitions which are contributing to the growth of the Marine Mining Market.

In July 2019, Odyssey Marine Exploration, Inc., an innovator in the field of deep-ocean exploration, has successfully achieved an equity interest of 79.9% in Bismarck Mining Corporation (PNG) LTD (Bismarck) in exchange for Odyssey’s common stock totaling 249,584 shares.

Japan Oil, Gas, and Metals National Corporation (JOGMEC) and International seabed authority have signed a contract for exploration for cobalt-rich ferromanganese crusts.

In March 2018, Nautilus Minerals Inc. has announced that they launched its production support vessel at the Mawei shipyard in China.

Why Purchase the Report?

  • Visualize the composition of marine mining in terms of various types of technologies and their technologies highlighting the key commercial assets and players.
  • Identify commercial opportunities in the marine mining market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of marine mining market-level 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the key product of all major market players

 

The Marine Mining report would provide an access to an approx, 53 data tables, 43 figures and 195 pages.

 

Target Audience

  • Service Providers/ Buyers
  • Industry Investors/Investment Bankers
  • Education & Research Institutes
  • Research Professionals
  • Emerging Companies
  • Manufacturers
  1. Marine Mining Market Methodology and Scope

    1. Research Methodology
    2. Research Objective and Scope of the Report
  2. Marine Mining Market – Market Definition and Overview

  3. Marine Mining Market – Executive Summary

    1. Market Snippet by Application
    2. Market Snippet by Technology
    3. Market Snippet by Product
  4. Marine Mining Market Dynamics
    1. Market Impacting Factors
      1. Drivers
        1. Increasing shipbuilding and construction industries
      2. Restraints
        1. Environmental issues
      3. Opportunity
      4. Impact Analysis
  5. Marine Mining Market – Industry Analysis

    1. Porter's Five Forces Analysis
    2. Regulatory Analysis
    3. Supply Chain Analysis
  6. Marine Mining Market – By Application

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      2. Market Attractiveness Index, By Application
    2. Construction*
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
    3. Precious Metal
    4. Electronics
    5. Construction
  7. Marine Mining Market – By Technology

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
      2. Market Attractiveness Index, By Technology
    2. SONAR*
      1. Introduction
      2. Market Size Analysis, USD Million, 2016-2025 and Y-o-Y Growth Analysis (%), 2018-2026
    3. Marine Seismic Methods
    4. Remotely Operated Vehicles (ROVs)
  8. Marine Mining Market - By Region

    1. Introduction
      1. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Region
      2. Market Attractiveness Index, By Region
    2. North America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. The U.S.
        2. Canada
        3. Mexico
    3. Europe
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Germany
        2. The U.K.
        3. France
        4. Italy
        5. Spain
        6. Rest of Europe
    4. South America
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. Brazil
        2. Argentina
        3. Rest of South America
    5. Asia Pacific
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
      5. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Country
        1. China
        2. India
        3. Japan
        4. Australia
        5. Rest of Asia Pacific
    6. The Middle East and Africa
      1. Introduction
      2. Key Region-Specific Dynamics
      3. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Application
      4. Market Size Analysis, and Y-o-Y Growth Analysis (%), By Technology
  9. Marine Mining Market Competitive Landscape

    1. Competitive Scenario
    2. Market Positioning/Share Analysis
    3. Mergers and Acquisitions Analysis
  10. Marine Mining Market Company Profiles

    1. Keppel Corporation Limited*
      1. Company Overview
      2. Product Portfolio and Description
      3. Key Highlights
      4. Financial Overview
    2. China Minmetals Corporation
    3. Diamond Fields Resources Inc
    4. Ocean Minerals, LLC
    5. Royal IHC
    6. Nautilus Minerals Inc.
    7. Soil Machine Dynamics Ltd
    8. DeepGreen Metals Inc.
    9. Neptune Minerals
    10. UK Seabed Resources (*List not exhaustive)
  11. Marine Mining Market – DataM

    1. Appendix
    2. About Us and Services
    3. Contact Us

LIST OF TABLES:
Table 01 Global Marine Mining Market Value, By Application, 2018,2022 & 2026 (USD Million)
Table 02 Global Marine Mining Market Value, By Technology, 2018,2022 & 2026 (USD Million)
Table 03 Global Marine Mining Market Value, By Region, 2018,2022 & 2026 (USD Million)
Table 04 Global Marine Mining Market Value, By Application, 2018,2022 & 2026 (USD Million)
Table 05 Global Marine Mining Market Value, By Application, 2017-2026 (USD Million)
Table 06 Global Marine Mining Market Value, By Technology, 2018,2022 & 2026 (USD Million)
Table 07 Global Marine Mining Market Value, By Technology, 2017-2026 (USD Million)
Table 08 Global Marine Mining Market Value, By Region, 2018,2022 & 2026 (USD Million)
Table 09 Global Marine Mining Market Value, By Region, 2017-2026 (USD Million)
Table 10 North America Marine Mining Market Value, By Application, 2017-2026 (USD Million)
Table 11 North America Marine Mining Market Value, By Technology, 2017-2026 (USD Million)
Table 12 North America Marine Mining Market Value, By Country, 2017-2026 (USD Million)
Table 13 South America Marine Mining Market Value, By Application, 2017-2026 (USD Million)
Table 14 South America Marine Mining Market Value, By Technology, 2017-2026 (USD Million)
Table 15 South America Marine Mining Market Value, By Country, 2017-2026 (USD Million)
Table 16 Europe Marine Mining Market Value, By Application, 2017-2026 (USD Million)
Table 17 Europe Marine Mining Market Value, By Technology, 2017-2026 (USD Million)
Table 18 Europe Marine Mining Market Value, By Country, 2017-2026 (USD Million)
Table 19 Asia-Pacific Marine Mining Market Value, By Application, 2017-2026 (USD Million)
Table 20 Asia-Pacific Marine Mining Market Value, By Technology, 2017-2026 (USD Million)
Table 21 Asia-Pacific Marine Mining Market Value, By Country, 2017-2026 (USD Million)
Table 22 Middle East & Africa Marine Mining Market Value, By Application, 2017-2026 (USD Million)
Table 23 Middle East & Africa Marine Mining Market Value, By Technology, 2017-2026 (USD Million)
Table 24 Keppel Corporation Limited: Overview
Table 25 Keppel Corporation Limited: Product Portfolio
Table 26 Keppel Corporation Limited: Key Developments
Table 27 China Minmetals Corporation: Overview
Table 28 China Minmetals Corporation: Product Portfolio
Table 29 China Minmetals Corporation: Key Developments
Table 30 Diamond Fields Resources Inc: Overview
Table 31 Diamond Fields Resources Inc: Product Portfolio
Table 32 Diamond Fields Resources Inc: Key Developments
Table 33 Ocean Minerals, LLC: Overview
Table 34 Ocean Minerals, LLC: Product Portfolio
Table 35 Ocean Minerals, LLC: Key Developments
Table 36 Royal IHC: Overview
Table 37 Royal IHC: Product Portfolio
Table 38 Royal IHC: Key Developments
Table 39 Nautilus Minerals Inc.: Overview
Table 40 Nautilus Minerals Inc.: Product Portfolio
Table 41 Nautilus Minerals Inc.: Key Developments
Table 42 Soil Machine Dynamics Ltd: Overview
Table 43 Soil Machine Dynamics Ltd: Product Portfolio
Table 44 Soil Machine Dynamics Ltd: Key Developments
Table 45 DeepGreen Metals Inc.: Overview
Table 46 DeepGreen Metals Inc.: Product Portfolio
Table 47 DeepGreen Metals Inc.: Key Developments
Table 48 Neptune Minerals: Overview
Table 49 Neptune Minerals: Product Portfolio
Table 50 Neptune Minerals: Key Developments
Table 51 UK Seabed Resources: Overview
Table 52 UK Seabed Resources: Product Portfolio
Table 53 UK Seabed Resources: Key Developments

LIST OF FIGURES:
Figure 01 Global Marine Mining Market Share, By Application, 2018 & 2026(%)
Figure 02 Global Marine Mining Market Share, By Technology, 2018 & 2026(%)
Figure 03 Global Marine Mining Market Share, By Region, 2018 & 2026 (%)
Figure 04 Global Marine Mining Market Value, 2017-2026 (USD Million)
Figure 05 Global Marine Mining Market Y-o-Y Growth, By Application, 2018-2026 (%)
Figure 06 Construction: Global Marine Mining Market Value, 2017-2026 (USD Million)
Figure 07 Precious Metal: Global Marine Mining Market Value, 2017-2026 (USD Million)
Figure 08 Electronics: Global Marine Mining Market Value, 2017-2026 (USD Million)
Figure 09 Construction: Global Marine Mining Market Value, 2017-2026 (USD Million)
Figure 10 Global Marine Mining Market Y-o-Y Growth, By Technology, 2018-2026 (%)
Figure 11 SONAR: Global Marine Mining Market Value, 2017-2026 (USD Million)
Figure 12 Marine Seismic Methods: Global Marine Mining Market Value, 2017-2026 (USD Million)
Figure 13 Remotely Operated Vehicles (ROVs): Global Marine Mining Market Value, 2017-2026 (USD Million)
Figure 14 Global Marine Mining Market Y-o-Y Growth, By Region, 2018-2026 (%)
Figure 15 North America Marine Mining Market Value, 2017-2026 (USD Million)
Figure 16 North America Marine Mining Market Share, By Application, 2018 & 2026 (%)
Figure 17 North America Marine Mining Market Share, By Technology, 2018 & 2026 (%)
Figure 18 North America Marine Mining Market Share, By Country, 2018 & 2026 (%)
Figure 19 South America Marine Mining Market Value, 2017-2026 (USD Million)
Figure 20 South America Marine Mining Market Share, By Application, 2018 & 2026 (%)
Figure 21 South America Marine Mining Market Share, By Technology, 2018 & 2026 (%)
Figure 22 South America Marine Mining Market Share, By Country, 2018 & 2026 (%)
Figure 23 Europe Marine Mining Market Value, 2017-2026 (USD Million)
Figure 24 Europe Marine Mining Market Share, By Application, 2018 & 2026 (%)
Figure 25 Europe Marine Mining Market Share, By Technology, 2018 & 2026 (%)
Figure 26 Europe Marine Mining Market Share, By Country, 2018 & 2026 (%)
Figure 27 Asia-Pacific Marine Mining Market Value, 2017-2026 (USD Million)
Figure 28 Asia-Pacific Marine Mining Market Share, By Application, 2018 & 2026 (%)
Figure 29 Asia-Pacific Marine Mining Market Share, By Technology, 2018 & 2026 (%)
Figure 30 Asia-Pacific Marine Mining Market Share, By Country, 2018 & 2026 (%)
Figure 31 Middle East & Africa Marine Mining Market Value, 2017-2026 (USD Million)
Figure 32 Middle East & Africa Marine Mining Market Share, By Application, 2018 & 2026 (%)
Figure 33 Middle East & Africa Marine Mining Market Share, By Technology, 2018 & 2026 (%)
Figure 34 Keppel Corporation Limited: Financials
Figure 35 China Minmetals Corporation: Financials
Figure 36 Diamond Fields Resources Inc: Financials
Figure 37 Ocean Minerals, LLC: Financials
Figure 38 Royal IHC: Financials
Figure 39 Nautilus Minerals Inc.: Financials
Figure 40 Soil Machine Dynamics Ltd: Financials
Figure 41 DeepGreen Metals Inc.: Financials
Figure 42 Neptune Minerals: Financials
Figure 43 UK Seabed Resources: Financials

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