The US dredging market is estimated to grow at a CAGR of nearly 2.0% during the forecast period. Rising investment in port infrastructure and increasing minerals production are some pivotal factors contributing to the growth of the market. As per the US Geological Survey (USGS), in 2019, the US mines produced nearly $86.3 billion in minerals, more than $2 billion higher compared to revised 2018 production totals. In 2019, the estimated total value of non-fuel mineral production in the US was $86.3 billion, a rise of 3% from 2018.
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The increasing minerals production has emerged the demand for mineral dredging for extraction of minerals that may have a significant economic value from underwater deposits. Extraction of mineral materials from the seabed comprise aluminum (bauxite), mineral sands (ilmenite, rutile, zircon), gold, tin (cassiterite), rocks salts, and diamond deposits. Additionally, it comprises more standard material that covers sand and gravel, are used as aggregates in the construction industry. Seabed dredged aggregates are an emerging alternative to land-based sources, including quarries. This, in, turn, is contributing to the increasing seabed dredging in the country.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Market Segmentation
US Dredging Market by Type
- Mechanical Dredger
- Bucket Dredger
- Grab Dredger
- Backhoe Dredger
- Hydraulic Dredger
- Suction
- Cutter Suction Dredger
- Trailing Suction Hopper Dredger
- Barge Unloading Dredger
US Dredging Market by End-User
- Government
- Oil and Gas Companies
- Mining Companies
- Others (Renewable Energy)
Company Profiles
- 3R, Inc.
- Callan Marine, Ltd.
- Coastal Dredging Company, Inc. (CDC)
- Fraser River Pile and Dredge (GP) Inc.
- Great Lakes Dredge & Dock Co., LLC
- Inland Dredging Company, LLC
- F. Brennan Co., Inc.
- Jay Cashman, Inc.
- Norfolk Dredging Co.
- Orion Group Holdings, Inc.
- Weeks Marine, Inc.
The Report covers:
- Comprehensive research methodology of the US dredging market.
- This report also includes a detailed and extensive market overview with key analyst insights.
- Exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
- Analysis of regional regulations and other government policies impacting the US dredging market.
- Insights about market determinants which are stimulating the US dredging market.
- Detailed and extensive market segments with regional distribution of forecast revenues.
- Extensive profiles and recent developments of market players.
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