New York, NY -- (SBWIRE) -- 06/21/2019 -- The latest industry intelligence research on the Deep Sea Mining market offers a repository of valuable data on the size, share, and growth rate of the Deep Sea Mining market for the forecast period, 2016 - 2024. Importantly, examination of various facets of the industry including but not limited to production volume, product sales, demand and supply assessment and forecast for the period, 2016 - 2024 aim at offering business owners a competitive edge over their rivals. The study further conducts a qualitative evaluation of various driving forces expected to shape the future of the industry during the estimated period.

Report Scope:
For the purpose of this report, deep sea mining is defined as a mineral retrieval process (mining) that takes place on the ocean floor. Deep sea mining is also alternatively known as ocean floor mining, ocean bed mining, sea floor mining or seabed mining. However, deep sea mining is different from shallow sea mining. Since deep water mining is a relatively new industry, there is no standard definition that segregates deep sea mining from shallow sea mining. However, various stakeholders in the industry as well as others active in the market generally agree that deep sea mining is the removal of minerals from sea beds deeper than 500 meters.

Based on types of deposits at sea floor, deep sea mining can be categorized into three types -
- Cobalt rich crusts (CRC).
- Manganese nodules.
- Seafloor massive sulphides (SMS).

Global Deep Sea Mining Market: Manufacturers Segment Analysis (Company and Product introduction, Deep Sea Mining Sales Volume, Revenue, Price and Gross Margin): Eramet Group (Eramet S.A.), Hydril Pressure Control (GE Hydril), Nordic Ocean Resources AS (Nora), Teledyne Technologies, Inc., and UK Seabed Resources (Lockheed Martin UK Ltd.), Others

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Cobalt rich crusts, also known as cobalt crusts or cobalt rich ferromanganese crust, are rock-hard, metallic layers that form on the flanks of submarine volcanoes, called seamounts. It is estimated that slightly more than 55% of sea floor cobalt crusts are located in the Pacific Ocean. Cobalt crusts also represent a very large metal resource in the sea and contain a relatively large amount of cobalt compared to deposits on land and to manganese nodules. The largest share of metals in the cobalt crusts, however, consists of manganese and iron. Cobalt crusts are also called as cobalt rich ferromanganese crusts. On an average, most promising cobalt crusts lie at water depths of 800 to 2,500 meters.

Manganese nodules, also known as polymetallic nodules (PMN or PN), contain mainly manganese, along with other minerals such as iron, nickel, copper, titanium and cobalt. Manganese nodules are mainly present in the Pacific and Indian Oceans, in the wide deep-sea basins at depths of 3,500 to 6,500 meters.

Seafloor massive sulphides, also known as sulphide deposits, originate at hydrothermal vents in the ocean where sulphide-enriched water flows out of the seabed. Massive sulphide deposits are expected to contain valuable metals such as copper, gold and silver. However, high temperatures around the hydrothermal vents make it is nearly impossible to carry out mining activities near the active vents; high temperatures would damage machinery and mining vehicles. SMS deposits typically occur at depths of 500 to 4,000 meters. Currently, the focus is on depth within 500 to 2,500 meters range as that is considered economical and profitable.

The scope of this report includes various types of equipment used in the deep sea mining market. The market is broken down by major equipment, minerals, mining stages, and regions. The market has not yet started on a commercial scale and the first commercial exploration is expected to start in 2019. Therefore, the revenue forecast period is from 2020 through 2030. The revenue forecast includes manufacturers' total revenue and is categorized by major equipment as well as by mining stages.

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Summary:
This report examines deep sea mining equipment, technologies, mineral revenue potential and the current state of the market. The analysis includes a detailed survey of upcoming organizations in the market as well as existing players. Included is an examination, description and valuation of global and regional market sizes for 2020 through 2030.

While a wide range of companies operate in the market, below is a broad classification of these companies -
- Core deep sea mining companies (for example, Nautilus Minerals and Neptune Minerals).
- Companies and institutions (including government bodies) that are not yet active in the deep sea mining market but have applied for licensing and have shown interest in deep sea mining.
- Manufacturers of deep sea mining equipment.
Oceania (which consists of countries or sovereign states such as Palau, Fiji, Tonga, Kiribati, Tuvalu, as well as New Zealand andAustralia) is the issuer of the largest number of deep sea mining licenses. The EEZs within Oceania have the largest number of sea floor massive sulphide (SMS) deposits and hence sees a large number of mining applications. APAC is also expected to see the largest revenue from deep sea mining activities in the coming years. APAC is followed by Europe and North America in terms of licenses granted (andpending applications). In North America, the U.S. has not ratified ISA and is not a member of United Nations Convention on the Law of the Sea (UNCLOS). Hence, licenses granted and mining active by the

U.S. are not covered by ISA. APAC is also expected to see strong growth in deep sea mining activity mainly due to the presence of large number of SMS deposits with the EEZ of various countries. In the analysis presented in this report the following key points are identified -

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Most important Topics covered in this report are:
1. Market Trends & Issues
2. Growth Drivers & Enablers
3. Growth Inhibitors
4. Opportunities and Challenges
5. Recent Industry Activity
6. Product Innovations & Trends
7. Coverage of Major & Niche Players
8. Comprehensive Geographic Coverage
9. Extensive Product Coverage

Why buy?
o Understand the demand for global Deep Sea Mining to determine the viability of the market.
o Identify the developed and emerging markets where Deep Sea Mining services are offered.
o Identify the challenge areas and address them.
o Develop strategies based on the drivers, trends and highlights for each of the segments.
o Evaluate the value chain to determine the workflow and to get an idea of the current position where you are placed.
o Recognize the key competitors of this market and respond accordingly.
o Knowledge of the initiatives and growth strategies taken up by the major companies and decide on the direction for further growth.
o Define the competitive positioning by comparing the products and services with the key players in the market.

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