Marine Mining Market Trends
Increasing Demand for Minerals and Metals is Fueling the Market Growth
One of the main factors propelling the growth of the marine mining market is the rising demand for metals and minerals, especially those needed for renewable energy and technological innovations, such as electric vehicles. As land-based mineral reserves run out, the ocean floor offers a huge, unexplored supply of these vital resources, which forces industries to look into marine mining as a possible way to meet the rising demand.