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Underground Mining Market

Underground Mining Market (Application: Coal Mining, Metal Mining, Mineral Mining, and Others; and Product: Supported, Unsupported, and Caving) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2023-2031

Underground Mining Market Outlook 2031

  • The global industry was valued at US$ 21.3 Bn in 2022
  • It is estimated to grow at a CAGR of 1.8% from 2023 to 2031 and reach US$ 25.0 Bn by the end of 2031

Analysts’ Viewpoint

Automation, remote monitoring, and energy-efficient ventilation systems have all considerably enhanced safety and operating efficiency in underground mining operations. While underground mining has a long history, modern underground mining is distinguished by improved technology, enhanced safety regulations, and a rising emphasis on sustainability.

As the global demand for minerals, metals, and energy resources grows, the underground mining industry remains critical in providing access to lucrative reserves. The surge in global electricity demand has a considerable influence on the underground mining industry growth. Underground mining plays a major part in fulfilling the energy needs of a fast developing globe.

However, the market must also adapt to the difficulties of resource depletion and environmental concerns, ensuring a future in which efficient, sustainable mining processes coexist with the industry's time-honored processes.

Underground Mining Market

Market Introduction

Underground mining has been used to harvest resources for ages, extending back to ancient civilizations. It refers to the excavation and extraction of precious minerals, metals, and other resources from under the Earth's surface, and continues to be an important part of the mining industry.

The underground mining industry comprises a diverse range of minerals and commodities, such as coal, precious metals, base metals, diamonds, and numerous industrial minerals. As the global demand for these resources grows, underground mining is becomes increasingly important, assuring the supply of raw materials that power economic and industrial activity across the world.

The underground mining business continues to be an important contributor to the worldwide supply chain, assuring the availability of critical resources for a wide range of sectors. Furthermore, sustainable mining techniques and reclamation initiatives are at the forefront of industry discourse.

Rapid Industrialization in Developing Countries Fueling Underground Mining Market Development

Demand for critical minerals and metals used in different industrial processes has increased as emerging nations undergo significant economic expansion and rapid urbanization. This is anticipated to bolster the underground mining market growth in the next few years

Furthermore, demand for raw resources to enable industrialization has overhauled the dynamics of the underground mining market in emerging nations. Metals such as copper, iron, and aluminum, as well as minerals such as coal, are in high demand as new businesses and infrastructure projects continue to expand. Underground mining allows access to deep-seated reserves of these important minerals, which are typically plentiful under the Earth's surface.

Technological advancement of subsurface mining processes and equipment have made it more practical and efficient for developing countries to use their subsurface resources. Because these technologies have improved safety, decreased environmental impact, and increased operating efficiency, underground mining is an appealing alternative to meet the resource needs in the midst of growing industrialization.

Governments and private companies in several developing nations are spending extensively on underground mining operations to capitalize on their mineral resources. This not only strengthens the industrial base, but also encourages job creation and infrastructure development, all of which contribute to overall economic growth, and driving the underground mining market value. Furthermore, underground mining is less ecologically damaging than other open-pit mining processes; it is consistent with sustainability and responsible resource management principles.

Increase in Global Power Demand

The rise in worldwide electricity consumption is a major factor boosting the underground mining market size. As the world's population grows and industrialization rises, so does the need for energy resources such as coal, and minerals (copper and uranium) to generate power. The surge in need for power has accelerated the search and exploitation of these resources through underground mining.

One of the major factors fueling the expansion of underground mining is the rise in need for power in both developed and developing countries. Demand for resources such as coal for thermal power plants, uranium for nuclear energy, and other minerals used in renewable energy technologies has skyrocketed as electricity becomes an essential component of modern life, and businesses become more energy-dependent. Underground mining is projected to be a viable means of obtaining and using these resources in order to meet growing energy demands.

As per underground mining market statistics, advances in underground mining technology and techniques have enabled the extraction of these energy-related commodities from deeper and more complicated geological formations more efficiently and cost-effectively. This has allowed mining operations to keep up with increased electricity demand while also ensuring a consistent supply of crucial resources for power generation.

Furthermore, the underground mining industry plays a major role in the move to cleaner, more sustainable energy sources. As the globe strives to minimize carbon emissions and implement cleaner energy solutions, the mining of rare earth metals, lithium, and other minerals required by renewable energy technology has become critical. This transition in electricity generation is ideally aligned with the underground mining industry's responsibility to supply these important minerals.

Regional Outlook

According to the latest underground mining market forecast, in 2022, Latin America and Asia Pacific emerged as key contributors to the worldwide underground mining sector, a trend that is expected to continue throughout the forecast period. The regions of Latin America and Asia Pacific are likely to provide huge potential for the underground mining market, owing to the rise in usage of underground mining techniques across a wide range of end-use industries.

Latin America maintained its dominance in the global market in 2022 and is anticipated to further expand by 2031. Resource-rich landscapes and rapid industrialization in the region are major growth frontiers for the underground mining business.

Analysis of Key Players

Companies in the underground mining market have used a variety of techniques to maintain their leading positions and extend their market presence. According to the most recent assessment of the underground mining industry, the landscape is robust, with several opportunities for expansion and innovation, leading to significant underground mining market share.

BHP, Anglo American Plc, Rio Tinto, Vale, Implats Platinum Limited, Norilsk Nickel, Amur Minerals Corporation, Alcoa Corporation, The Redpath Group, GBF Underground Mining Company, OZ Minerals, Thyssen Mining, Barminco, and Glencore are major participants in this business

Key Developments in Underground Mining Market

  • On 31 July 2023, Glencore International AG (Glencore) and Pan American Silver Corp. (Pan American) announced an agreement for Glencore to acquire 56.25% stake in the MARA Project (located in the Catamarca province of Argentina) from Pan American.
  • On 23 April 2023, Alcoa announced the expansion of the company’s EcoSource™ low-carbon alumina brand to now include certain grades of non-metallurgical alumina.

Each of these companies has been profiled in the underground mining market report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.

Underground Mining Market Snapshot

Attribute Detail
Market Size in 2022 US$ 21.3 Bn
Forecast (Value) in 2031 US$ 25.0 Bn
Growth Rate (CAGR) 1.8%
Forecast Period 2023-2031
Historical Data Available for 2020-2022
Quantitative Value US$ Bn for Value
Market Analysis It includes segment analysis as well as regional level analysis. Furthermore, the qualitative analysis includes drivers, restraints, opportunities, key trends, Porter’s Five Forces Analysis, value chain analysis, and key trend analysis.
Competition Landscape
  • Market share analysis by company (2022)
  • Company profiles section includes an overview, product portfolio, sales footprint, key subsidiaries or distributors, strategy and recent developments, and key financials
Format Electronic (PDF) + Excel
Market Segmentation
  • By Application
    • Coal Mining
    • Metal Mining
    • Mineral Mining
    • Others
  • By Product
    • Supported
      • Cut and Fill Stoping
      • Stull Stoping
      • Square Set Stoping
    • Unsupported
      • Room and Pillar
      • Shrinkage Stoping
      • Sublevel Stoping
    • Caving
      • Longwall Mining
      • Sublevel Caving
      • Block Caving
  • By Operator
    • Contract Mining
    • Owner Mining
Regions Covered
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East & Africa
Countries Covered
  • U.S.
  • Canada
  • Germany
  • U.K.
  • France
  • Spain
  • Italy
  • Russia and CIS
  • Japan
  • China
  • India
  • ASEAN
  • Brazil
  • Mexico
  • GCC
  • South Africa
Companies Profiled
  • BHP
  • Anglo American Plc
  • Rio Tinto
  • Vale
  • Implats Platinum Limited
  • Norilsk Nickel
  • Amur Minerals Corporation
  • Alcoa Corporation
  • The Redpath Group
  • GBF Underground Mining Company
  • OZ Minerals
  • Thyssen Mining
  • Barminco
  • Glencore
Customization Scope Available upon request
Pricing Available upon request

Frequently Asked Questions

How big was the global underground mining market in 2022?

It was valued at US$ 21.3 Bn in 2022

How is the underground mining business expected to grow during the forecast period?

It is expected to grow at a CAGR of 1.8% from 2023 to 2031

What are the key factors driving the demand for underground mining?

Rapid industrialization in developing countries and increase in global power demand

Which was the largest segment in the underground mining industry in 2022?

Based on product, unsupported accounted for largest share in 2022

Which region was the most lucrative in the underground mining sector in 2022?

Latin America was the most lucrative region in 2022

Who are the prominent underground mining players?

BHP, Anglo American Plc, Rio Tinto, Vale, Implats Platinum Limited, Norilsk Nickel, Amur Minerals Corporation, Alcoa Corporation, The Redpath Group, GBF Underground Mining Company, OZ Minerals, Thyssen Mining, Barminco, and Glencore

1. Executive Summary

    1.1. Global Market Outlook

    1.2. Demand Side Trends

    1.3. Key Facts and Figures

    1.4. Trends Impacting Market

    1.5. TMR’s Growth Opportunity Wheel

2. Market Overview

    2.1. Market Segmentation

    2.2. Key Developments

    2.3. Market Definitions

    2.4. Key Market Trends

    2.5. Market Dynamics

        2.5.1. Drivers

        2.5.2. Restraints

        2.5.3. Opportunities

    2.6. Underground Mining Market Analysis and Forecasts, 2023-2031

        2.6.1. Underground Mining Market Revenue (US$ Mn)

    2.7. Porter’s Five Forces Analysis

    2.8. Regulatory Landscape

    2.9. Value Chain Analysis

        2.9.1. List of Component Providers

        2.9.2. List of Manufacturers

        2.9.3. List of Dealer/Distributors

        2.9.4. List of Potential Customers

    2.10. Product Specification Analysis

    2.11. Production Overview

    2.12. Cost Structure Analysis

3. COVID-19 Impact Analysis

    3.1. Impact on the Supply Chain of the Underground Mining Market

    3.2. Impact on Demand of Underground Mining Market – Pre & Post Crisis

4. Impact of Current Geopolitical Scenario on Market

5. Underground Mining Market Analysis and Forecast, by Application, 2023-2031

    5.1. Introduction and Definitions

    5.2. Underground Mining Market Value (US$ Mn) Forecast, by Application, 2023-2031

        5.2.1. Coal Mining

        5.2.2. Metal Mining

        5.2.3. Mineral Mining

        5.2.4. Others

    5.3. Underground Mining Market Attractiveness, by Application

6. Underground Mining Market Analysis and Forecast, by Product, 2023-2031

    6.1. Introduction and Definitions

    6.2. Underground Mining Market Value (US$ Mn) Forecast, by Product, 2023-2031

        6.2.1. Supported

            6.2.1.1. Cut and Fill Stoping

            6.2.1.2. Stull Stoping

            6.2.1.3. Square Set Stoping

        6.2.2. Unsupported

            6.2.2.1. Room and Pillar

            6.2.2.2. Shrinkage Stoping

            6.2.2.3. Sublevel Stoping

        6.2.3. Caving

            6.2.3.1. Longwall Mining

            6.2.3.2. Sublevel Caving

            6.2.3.3. Block Caving

    6.3. Underground Mining Market Attractiveness, by Product

7. Underground Mining Market Analysis and Forecast, by Operator, 2023-2031

    7.1. Introduction and Definitions

    7.2. Underground Mining Market Value (US$ Mn) Forecast, by Operator, 2023-2031

        7.2.1. Contract Mining

        7.2.2. Owner Mining

    7.3. Underground Mining Market Attractiveness, by Operator

8. Underground Mining Market Analysis and Forecast, by Region, 2023-2031

    8.1. Key Findings

    8.2. Underground Mining Market Value (US$ Mn) Forecast, by Region, 2023-2031

        8.2.1. North America

        8.2.2. Europe

        8.2.3. Asia Pacific

        8.2.4. Latin America

        8.2.5. Middle East & Africa

    8.3. Underground Mining Market Attractiveness, by Region

9. North America Underground Mining Market Analysis and Forecast, 2023-2031

    9.1. Key Findings

    9.2. North America Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031

    9.3. North America Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031

    9.4. North America Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031

    9.5. North America Underground Mining Market Value(US$ Mn) Forecast, by Country, 2023-2031

        9.5.1. U.S. Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031

        9.5.2. U.S. Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031

        9.5.3. U.S. Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031

        9.5.4. Canada Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031

        9.5.5. Canada Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031

        9.5.6. Canada Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031

    9.6. North America Underground Mining Market Attractiveness Analysis

10. Europe Underground Mining Market Analysis and Forecast, 2023-2031

    10.1. Key Findings

    10.2. Europe Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031

    10.3. Europe Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031

    10.4. Europe Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031

    10.5. Europe Underground Mining Market Value(US$ Mn) Forecast, by Country and Sub-region, 2023-2031

        10.5.1. Germany Underground Mining Market Value(US$ Mn) Forecast, by Material, 2023-2031

        10.5.2. Germany Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031

        10.5.3. Germany Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031

        10.5.4. France Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031

        10.5.5. France Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031

        10.5.6. France Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031

        10.5.7. U.K. Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031

        10.5.8. U.K. Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031

        10.5.9. U.K. Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031

        10.5.10. Italy Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031

        10.5.11. Italy. Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031

        10.5.12. Italy Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031

        10.5.13. Russia & CIS Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031

        10.5.14. Russia & CIS Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031

        10.5.15. Russia & CIS Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031

        10.5.16. Rest of Europe Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031

        10.5.17. Rest of Europe Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031

        10.5.18. Rest of Europe Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031

    10.6. Europe Underground Mining Market Attractiveness Analysis

11. Asia Pacific Underground Mining Market Analysis and Forecast, 2023-2031

    11.1. Key Findings

    11.2. Asia Pacific Underground Mining Market Value(US$ Mn) Forecast, by Application

    11.3. Asia Pacific Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031

    11.4. Asia Pacific Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031

    11.5. Asia Pacific Underground Mining Market Value(US$ Mn) Forecast, by Country and Sub-region, 2023-2031

        11.5.1. China Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031

        11.5.2. China Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031

        11.5.3. China Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031

        11.5.4. Japan Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031

        11.5.5. Japan Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031

        11.5.6. Japan Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031

        11.5.7. India Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031

        11.5.8. India Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031

        11.5.9. India Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031

        11.5.10. ASEAN Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031

        11.5.11. ASEAN Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031

        11.5.12. ASEAN Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031

        11.5.13. Rest of Asia Pacific Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031

        11.5.14. Rest of Asia Pacific Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031

        11.5.15. Rest of Asia Pacific Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031

    11.6. Asia Pacific Underground Mining Market Attractiveness Analysis

12. Latin America Underground Mining Market Analysis and Forecast, 2023-2031

    12.1. Key Findings

    12.2. Latin America Underground Mining Market Value(US$ Mn) Forecast, by Application Coat Type, 2023-2031

    12.3. Latin America Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031

    12.4. Latin America Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031

    12.5. Latin America Underground Mining Market Value(US$ Mn) Forecast, by Country and Sub-region, 2023-2031

        12.5.1. Brazil Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031

        12.5.2. Brazil Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031

        12.5.3. Brazil Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031

        12.5.4. Mexico Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031

        12.5.5. Mexico Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031

        12.5.6. Mexico Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031

        12.5.7. Rest of Latin America Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031

        12.5.8. Rest of Latin America Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031

        12.5.9. Rest of Latin America Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031

    12.6. Latin America Underground Mining Market Attractiveness Analysis

13. Middle East & Africa Underground Mining Market Analysis and Forecast, 2023-2031

    13.1. Key Findings

    13.2. Middle East & Africa Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031

    13.3. Middle East & Africa Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031

    13.4. Middle East & Africa Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031

    13.5. Middle East & Africa Underground Mining Market Value(US$ Mn) Forecast, by Country and Sub-region, 2023-2031

        13.5.1. GCC Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031

        13.5.2. GCC Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031

        13.5.3. GCC Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031

        13.5.4. South Africa Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031

        13.5.5. South Africa Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031

        13.5.6. South Africa Underground Mining Market Value(US$ Mn) Forecast, by Operator,2023-2031

        13.5.7. Rest of Middle East & Africa Underground Mining Market Value(US$ Mn) Forecast, by Application , 2023-2031

        13.5.8. Rest of Middle East & Africa Underground Mining Market Value(US$ Mn) Forecast, by Product, 2023-2031

        13.5.9. Rest of Middle East & Africa Underground Mining Market Value(US$ Mn) Forecast, by Operator, 2023-2031

    13.6. Middle East & Africa Underground Mining Market Attractiveness Analysis

14. Competition Landscape

    14.1. Market Players - Competition Matrix (by Tier and Size of Companies)

    14.2. Market Share Analysis, 2021

    14.3. Market Footprint Analysis

        14.3.1. By Application

        14.3.2. By Product

    14.4. Company Profiles

        14.4.1. BHP

            14.4.1.1. Company Revenue

            14.4.1.2. Business Overview

            14.4.1.3. Product Segments

            14.4.1.4. Geographic Footprint

            14.4.1.5. Production Coat Type/Plant Details, etc. (*As Applicable)

            14.4.1.6. Strategic Partnership, Coat Type Expansion, New Product Innovation etc.

        14.4.2. Anglo American Plc

            14.4.2.1. Company Revenue

            14.4.2.2. Business Overview

            14.4.2.3. Product Segments

            14.4.2.4. Geographic Footprint

            14.4.2.5. Production Coat Type/Plant Details, etc. (*As Applicable)

            14.4.2.6. Strategic Partnership, Coat Type Expansion, New Product Innovation etc.

        14.4.3. Rio Tinto

            14.4.3.1. Company Revenue

            14.4.3.2. Business Overview

            14.4.3.3. Product Segments

            14.4.3.4. Geographic Footprint

            14.4.3.5. Production Coat Type/Plant Details, etc. (*As Applicable)

            14.4.3.6. Strategic Partnership, Coat Type Expansion, New Product Innovation etc.

        14.4.4. Vale

            14.4.4.1. Company Revenue

            14.4.4.2. Business Overview

            14.4.4.3. Product Segments

            14.4.4.4. Geographic Footprint

            14.4.4.5. Production Coat Type/Plant Details, etc. (*As Applicable)

            14.4.4.6. Strategic Partnership, Coat Type Expansion, New Product Innovation etc.

        14.4.5. Implats Platinum Limited

            14.4.5.1. Company Revenue

            14.4.5.2. Business Overview

            14.4.5.3. Product Segments

            14.4.5.4. Geographic Footprint

            14.4.5.5. Production Coat Type/Plant Details, etc. (*As Applicable)

            14.4.5.6. Strategic Partnership, Coat Type Expansion, New Product Innovation etc.

        14.4.6. Norilsk Nickel

            14.4.6.1. Company Revenue

            14.4.6.2. Business Overview

            14.4.6.3. Product Segments

            14.4.6.4. Geographic Footprint

            14.4.6.5. Production Coat Type/Plant Details, etc. (*As Applicable)

            14.4.6.6. Strategic Partnership, Coat Type Expansion, New Product Innovation etc.

        14.4.7. Amur Minerals Corporation

            14.4.7.1. Company Revenue

            14.4.7.2. Business Overview

            14.4.7.3. Product Segments

            14.4.7.4. Geographic Footprint

            14.4.7.5. Production Coat Type/Plant Details, etc. (*As Applicable)

            14.4.7.6. Strategic Partnership, Coat Type Expansion, New Product Innovation etc.

        14.4.8. AG Alcoa Corporation

            14.4.8.1. Company Revenue

            14.4.8.2. Business Overview

            14.4.8.3. Product Segments

            14.4.8.4. Geographic Footprint

            14.4.8.5. Production Coat Type/Plant Details, etc. (*As Applicable)

            14.4.8.6. Strategic Partnership, Coat Type Expansion, New Product Innovation etc.

        14.4.9. The Redpath Group

            14.4.9.1. Company Revenue

            14.4.9.2. Business Overview

            14.4.9.3. Product Segments

            14.4.9.4. Geographic Footprint

            14.4.9.5. Production Coat Type/Plant Details, etc. (*As Applicable)

            14.4.9.6. Strategic Partnership, Coat Type Expansion, New Product Innovation etc.

        14.4.10. GBF Underground Mining Company

            14.4.10.1. Company Revenue

            14.4.10.2. Business Overview

            14.4.10.3. Product Segments

            14.4.10.4. Geographic Footprint

            14.4.10.5. Production Coat Type/Plant Details, etc. (*As Applicable)

            14.4.10.6. Strategic Partnership, Coat Type Expansion, New Product Innovation etc.

        14.4.11. OZ Minerals

            14.4.11.1. Company Revenue

            14.4.11.2. Business Overview

            14.4.11.3. Product Segments

            14.4.11.4. Geographic Footprint

            14.4.11.5. Production Coat Type/Plant Details, etc. (*As Applicable)

            14.4.11.6. Strategic Partnership, Coat Type Expansion, New Product Innovation etc.

        14.4.12. Thyssen Mining

            14.4.12.1. Company Revenue

            14.4.12.2. Business Overview

            14.4.12.3. Product Segments

            14.4.12.4. Geographic Footprint

            14.4.12.5. Production Coat Type/Plant Details, etc. (*As Applicable)

            14.4.12.6. Strategic Partnership, Coat Type Expansion, New Product Innovation etc.

        14.4.13. Barminco

            14.4.13.1. Company Revenue

            14.4.13.2. Business Overview

            14.4.13.3. Product Segments

            14.4.13.4. Geographic Footprint

            14.4.13.5. Production Coat Type/Plant Details, etc. (*As Applicable)

            14.4.13.6. Strategic Partnership, Coat Type Expansion, New Product Innovation etc.

        14.4.14. Gleancore

            14.4.14.1. Company Revenue

            14.4.14.2. Business Overview

            14.4.14.3. Product Segments

            14.4.14.4. Geographic Footprint

            14.4.14.5. Production Coat Type/Plant Details, etc. (*As Applicable)

            14.4.14.6. Strategic Partnership, Coat Type Expansion, New Product Innovation etc.

15. Primary Research: Key Insights

16. Appendix

List of Tables

Table 1: Underground Mining Market Value (US$ Mn) Forecast, by Application, 2023–2031

Table 2: Underground Mining Market Value (US$ Mn) Forecast, by Product, 2023–2031

Table 3: Underground Mining Market Value (US$ Mn) Forecast, by Operator, 2023–2031

Table 4: Underground Mining Market Value (US$ Mn) Forecast, by Region, 2023–2031

Table 5: North America Underground Mining Market Value (US$ Mn) Forecast, by Application , 2023–2031

Table 6: North America Underground Mining Market Value (US$ Mn) Forecast, by Product, 2023–2031

Table 7: North America Underground Mining Market Value (US$ Mn) Forecast, by Operator, 2023–2031

Table 8: North America Underground Mining Market Value (US$ Mn) Forecast, by Country, 2023–2031

Table 9: U.S. Underground Mining Market Value (US$ Mn) Forecast, by Application , 2023–2031

Table 10: U.S. Underground Mining Market Value (US$ Mn) Forecast, by Product, 2023–2031

Table 11: U.S. Underground Mining Market Value (US$ Mn) Forecast, by Operator, 2023–2031

Table 12: Canada Underground Mining Market Value (US$ Mn) Forecast, by Application , 2023–2031

Table 13: Canada Underground Mining Market Value (US$ Mn) Forecast, by Product, 2023–2031

Table 14: Canada Underground Mining Market Value (US$ Mn) Forecast, by Operator, 2023–2031

Table 15: Europe Underground Mining Market Value (US$ Mn) Forecast, by Application , 2023–2031

Table 16: Europe Underground Mining Market Value (US$ Mn) Forecast, by Product, 2023–2031

Table 17: Europe Underground Mining Market Value (US$ Mn) Forecast, by Operator, 2023–2031

Table 18: Europe Underground Mining Market Value (US$ Mn) Forecast, by Country and Sub-region, 2023–2031

Table 19: Germany Underground Mining Market Value (US$ Mn) Forecast, by Application , 2023–2031

Table 20: Germany Underground Mining Market Value (US$ Mn) Forecast, by Product, 2023–2031

Table 21: Germany Underground Mining Market Value (US$ Mn) Forecast, by Operator, 2023–2031

Table 22: France Underground Mining Market Value (US$ Mn) Forecast, by Application , 2023–2031

Table 23: France Underground Mining Market Value (US$ Mn) Forecast, by Product, 2023–2031

Table 24: France Underground Mining Market Value (US$ Mn) Forecast, by Operator, 2023–2031

Table 25: U.K. Underground Mining Market Value (US$ Mn) Forecast, by Application , 2023–2031

Table 26: U.K. Underground Mining Market Value (US$ Mn) Forecast, by Product, 2023–2031

Table 27: U.K. Underground Mining Market Value (US$ Mn) Forecast, by Operator, 2023–2031

Table 28: Italy Underground Mining Market Value (US$ Mn) Forecast, by Application , 2023–2031

Table 29: Italy Underground Mining Market Value (US$ Mn) Forecast, by Product, 2023–2031

Table 30: Italy Underground Mining Market Value (US$ Mn) Forecast, by Operator, 2023–2031

Table 31: Spain Underground Mining Market Value (US$ Mn) Forecast, by Application , 2023–2031

Table 32: Spain Underground Mining Market Value (US$ Mn) Forecast, by Product, 2023–2031

Table 33: Spain Underground Mining Market Value (US$ Mn) Forecast, by Operator, 2023–2031

Table 34: Russia & CIS Underground Mining Market Value (US$ Mn) Forecast, by Application , 2023–2031

Table 35: Russia & CIS Underground Mining Market Value (US$ Mn) Forecast, by Product, 2023–2031

Table 36: Russia & CIS Underground Mining Market Value (US$ Mn) Forecast, by Operator, 2023–2031

Table 37: Rest of Europe Underground Mining Market Value (US$ Mn) Forecast, by Application , 2023–2031

Table 38: Rest of Europe Underground Mining Market Value (US$ Mn) Forecast, by Product, 2023–2031

Table 39: Rest of Europe Underground Mining Market Value (US$ Mn) Forecast, by Operator, 2023–2031

Table 40: Asia Pacific Underground Mining Market Value (US$ Mn) Forecast, by Application , 2023–2031

Table 41: Asia Pacific Underground Mining Market Value (US$ Mn) Forecast, by Product, 2023–2031

Table 42: Asia Pacific Underground Mining Market Value (US$ Mn) Forecast, by Operator, 2023–2031

Table 43: Asia Pacific Underground Mining Market Value (US$ Mn) Forecast, by Country and Sub-region, 2023–2031

Table 44: China Underground Mining Market Value (US$ Mn) Forecast, by Application, 2023–2031

Table 45: China Underground Mining Market Value (US$ Mn) Forecast, by Product, 2023–2031

Table 46: China Underground Mining Market Value (US$ Mn) Forecast, by Operator, 2023–2031

Table 47: Japan Underground Mining Market Value (US$ Mn) Forecast, by Application , 2023–2031

Table 48: Japan Underground Mining Market Value (US$ Mn) Forecast, by Product, 2023–2031

Table 49: Japan Underground Mining Market Value (US$ Mn) Forecast, by Operator, 2023–2031

Table 50: India Underground Mining Market Value (US$ Mn) Forecast, by Application, 2023–2031

Table 51: India Underground Mining Market Value (US$ Mn) Forecast, by Product, 2023–2031

Table 52: India Underground Mining Market Value (US$ Mn) Forecast, by Operator, 2023–2031

Table 53: ASEAN Underground Mining Market Value (US$ Mn) Forecast, by Application , 2023–2031

Table 54: ASEAN Underground Mining Market Value (US$ Mn) Forecast, by Product, 2023–2031

Table 55: ASEAN Underground Mining Market Value (US$ Mn) Forecast, by Operator, 2023–2031

Table 56: Rest of Asia Pacific Underground Mining Market Value (US$ Mn) Forecast, by Application, 2023–2031

Table 57: Rest of Asia Pacific Underground Mining Market Value (US$ Mn) Forecast, by Product, 2023–2031

Table 58: Rest of Asia Pacific Underground Mining Market Value (US$ Mn) Forecast, by Operator, 2023–2031

Table 59: Latin America Underground Mining Market Value (US$ Mn) Forecast, by Application , 2023–2031

Table 60: Latin America Underground Mining Market Value (US$ Mn) Forecast, by Product, 2023–2031

Table 61: Latin America Underground Mining Market Value (US$ Mn) Forecast, by Operator, 2023–2031

Table 62: Latin America Underground Mining Market Value (US$ Mn) Forecast, by Country and Sub-region, 2023–2031

Table 63: Brazil Underground Mining Market Value (US$ Mn) Forecast, by Application , 2023–2031

Table 64: Brazil Underground Mining Market Value (US$ Mn) Forecast, by Product, 2023–2031

Table 65: Brazil Underground Mining Market Value (US$ Mn) Forecast, by Operator, 2023–2031

Table 66: Mexico Underground Mining Market Value (US$ Mn) Forecast, by Application , 2023–2031

Table 67: Mexico Underground Mining Market Value (US$ Mn) Forecast, by Product, 2023–2031

Table 68: Mexico Underground Mining Market Value (US$ Mn) Forecast, by Operator, 2023–2031

Table 69: Rest of Latin America Underground Mining Market Value (US$ Mn) Forecast, by Application , 2023–2031

Table 70: Rest of Latin America Underground Mining Market Value (US$ Mn) Forecast, by Product, 2023–2031

Table 71: Rest of Latin America Underground Mining Market Value (US$ Mn) Forecast, by Operator, 2023–2031

Table 72: Middle East & Africa Underground Mining Market Value (US$ Mn) Forecast, by Application , 2023–2031

Table 73: Middle East & Africa Underground Mining Market Value (US$ Mn) Forecast, by Product, 2023–2031

Table 74: Middle East & Africa Underground Mining Market Value (US$ Mn) Forecast, by Operator, 2023–2031

Table 75: Middle East & Africa Underground Mining Market Value (US$ Mn) Forecast, by Country and Sub-region, 2023–2031

Table 76: GCC Underground Mining Market Value (US$ Mn) Forecast, by Application, 2023–2031

Table 77: GCC Underground Mining Market Value (US$ Mn) Forecast, by Product, 2023–2031

Table 78: GCC Underground Mining Market Value (US$ Mn) Forecast, by Operator, 2023–2031

Table 79: South Africa Underground Mining Market Value (US$ Mn) Forecast, by Application , 2023–2031

Table 80: South Africa Underground Mining Market Value (US$ Mn) Forecast, by Product, 2023–2031

Table 81: South Africa Underground Mining Market Value (US$ Mn) Forecast, by Operator, 2023–2031

Table 82: Rest of Middle East & Africa Underground Mining Market Value (US$ Mn) Forecast, by Application, 2023–2031

Table 83: Rest of Middle East & Africa Underground Mining Market Value (US$ Mn) Forecast, by Product, 2023–2031

Table 84: Rest of Middle East & Africa Underground Mining Market Value (US$ Mn) Forecast, by Operator, 2023–2031

List of Figures

Figure 1: Underground Mining Market Share Analysis, by Application, 2022, 2027, and 2031

Figure 2: Underground Mining Market Attractiveness, by Application

Figure 3: Underground Mining Market Share Analysis, by Product, 2022, 2027, and 2031

Figure 4: Underground Mining Market Attractiveness, by Product

Figure 5: Underground Mining Market Share Analysis, by Operator, 2022, 2027, and 2031

Figure 6: Underground Mining Market Attractiveness, by Operator

Figure 7: Underground Mining Market Share Analysis, by Region, 2022, 2027, and 2031

Figure 8: Underground Mining Market Attractiveness, by Region

Figure 9: North America Underground Mining Market Share Analysis, by Application , 2022, 2027, and 2031

Figure 10: North America Underground Mining Market Attractiveness, by Application

Figure 11: North America Underground Mining Market Share Analysis, by Product, 2022, 2027, and 2031

Figure 12: North America Underground Mining Market Attractiveness, by Product

Figure 13: North America Underground Mining Market Share Analysis, by Operator, 2022, 2027, and 2031

Figure 14: North America Underground Mining Market Attractiveness, by Operator

Figure 15: North America Underground Mining Market Share Analysis, by Country and Sub-region, 2022, 2027, and 2031

Figure 16: North America Underground Mining Market Attractiveness, by Country and Sub-region

Figure 17: Europe Underground Mining Market Share Analysis, by Application , 2022, 2027, and 2031

Figure 18: Europe Underground Mining Market Attractiveness, by Application

Figure 19: Europe Underground Mining Market Share Analysis, by Product, 2022, 2027, and 2031

Figure 20: Europe Underground Mining Market Attractiveness, by Product

Figure 21: Europe Underground Mining Market Share Analysis, by Operator, 2022, 2027, and 2031

Figure 22: Europe Underground Mining Market Attractiveness, by Operator

Figure 23: Europe Underground Mining Market Share Analysis, by Country and Sub-region, 2022, 2027, and 2031

Figure 24: Europe Underground Mining Market Attractiveness, by Country and Sub-region

Figure 25: Asia Pacific Underground Mining Market Share Analysis, by Application , 2022, 2027, and 2031

Figure 26: Asia Pacific Underground Mining Market Attractiveness, by Application

Figure 27: Asia Pacific Underground Mining Market Share Analysis, by Product, 2022, 2027, and 2031

Figure 28: Asia Pacific Underground Mining Market Attractiveness, by Product

Figure 29: Asia Pacific Underground Mining Market Share Analysis, by Operator, 2022, 2027, and 2031

Figure 30: Asia Pacific Underground Mining Market Attractiveness, by Operator

Figure 31: Asia Pacific Underground Mining Market Share Analysis, by Country and Sub-region, 2022, 2027, and 2031

Figure 32: Asia Pacific Underground Mining Market Attractiveness, by Country and Sub-region

Figure 33: Latin America Underground Mining Market Share Analysis, by Application , 2022, 2027, and 2031

Figure 34: Latin America Underground Mining Market Attractiveness, by Application

Figure 35: Latin America Underground Mining Market Share Analysis, by Product, 2022, 2027, and 2031

Figure 36: Latin America Underground Mining Market Attractiveness, by Product

Figure 37: Latin America Underground Mining Market Share Analysis, by Operator, 2022, 2027, and 2031

Figure 38: Latin America Underground Mining Market Attractiveness, by Operator

Figure 39: Latin America Underground Mining Market Share Analysis, by Country and Sub-region, 2022, 2027, and 2031

Figure 40: Latin America Underground Mining Market Attractiveness, by Country and Sub-region

Figure 41: Middle East & Africa Underground Mining Market Share Analysis, by Application , 2022, 2027, and 2031

Figure 42: Middle East & Africa Underground Mining Market Attractiveness, by Application

Figure 43: Middle East & Africa Underground Mining Market Share Analysis, by Product, 2022, 2027, and 2031

Figure 44: Middle East & Africa Underground Mining Market Attractiveness, by Product

Figure 45: Middle East & Africa Underground Mining Market Share Analysis, by Operator, 2022, 2027, and 2031

Figure 46: Middle East & Africa Underground Mining Market Attractiveness, by Operator

Figure 47: Middle East & Africa Underground Mining Market Share Analysis, by Country and Sub-region, 2022, 2027, and 2031

Figure 48: Middle East & Africa Underground Mining Market Attractiveness, by Country and Sub-region

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Underground Mining Market

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