Lithium Mining Market size is expected to reach nearly US$ 10.48 Bn. by 2029 with the CAGR of 15.2% during the forecast period.Lithium Mining Market Overview:
Lithium Mining is a method used for obtaining metal from several sources, like brines and hard rocks. It is the lightest metal and solid element found in nature. Also, its high energy density, thermal resistance, long durability, and minimal maintenance are the important trends and factors prompting the market positively. Thus, they are used in numerous applications, like batteries, glass, grease, air conditioning equipment, and others.To know about the Research Methodology :- Request Free Sample Report The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and market disrupters in the report, and the same is reflected in our analysis.
Lithium Mining Market Dynamics:
Growth in the use of lithium in air treatment applications is a key driver for the global lithium market. Lithium is used in cooling, dehumidification, and air regeneration applications. Shopping malls, hospitals, and other institutional facilities often employ absorption chillers as their source of air conditioning. Lithium chloride is used for dehumidification purposes. Large areas, which must operate without humidity use lithium chloride to absorb moisture. The demand for lithium for air regeneration applications is also increasing. Space vehicles, submarines & miners, safety devices, etc., hold systems to remove carbon dioxide from the human exhaust. The non-reversible reaction of anhydrous lithium hydroxide with carbon dioxide results in the efficient removal of carbon dioxide. On the other hand, the mining industry extracts a large amount of groundwater, causing damage to the ecosystem. Processing of lithium mining includes evaporation of brines and washing the mineral with sodium carbonate in large-scale polyvinyl chloride (PVC)-lined shallow ponds, which leads to water pollution. Lithium, due to its alkaline properties, is highly corrosive and reacts with water. Breathing lithium dust or alkaline lithium compounds adversely affect the respiratory tracts and prolonged exposure to lithium causes health issues, like pulmonary edema.Lithium Mining Market Segment Analysis:
By source, the brines source segment has observed a noteworthy growth because of its efficient and cost-effective process. Thanks to its economic nature, the producers in many countries have developed their brine or acquire raw materials from numerous producers. Also, the demand for brine source producing lithium is set to dominate the market over the forecast period. According to the application, the batteries segment is expected to grow at a significant rate because of the wide consumption of the metal in the production of lithium-ion (Li-Ion) batteries, hybrid & electric vehicles (H/EVs), energy storage systems, and others. Likewise, the demand for the metal in greases, ceramic glass, and air-conditioning equipment are expected to drive the market thanks to its reduced weight and improved strength offered by the product. Region-wise, Asia Pacific holds the largest market share of the market, thanks to the growing adoption of lightweight metal in batteries, glass, grease, air conditioning equipment, and others. The batteries segment holds the major portion and is expected to continue its dominance in the market because of extraordinary features offered by the metal such as high efficiency, energy density, and other characteristics. Therefore, countries such as China, Japan, South Korea, and India are the major players in this market. The North American region is growing considerably because of the growing production of lithium-ion batteries in electrical & electronics industries. It is expected that growing investments in the end-use industries is expected to drive the market during the forecast period. The growing consumption of the metal in glass, grease, and air conditioning equipment segments has boosted the growth in countries, such as the U.S, Canada, and Mexico to achieve a stunning growth in the market because they deliver unique lightweight, thermal resistance, and high standard performance to the product. The objective of the report is to present a comprehensive analysis of the Global Lithium Mining Market including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants. PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Lithium Mining Market dynamics, structure by analyzing the market segments and project the Global Lithium Mining Market size. Clear representation of competitive analysis of key players by type, price, financial position, Product portfolio, growth strategies, and regional presence in the Global Lithium Mining Market make the report investor’s guide.Lithium Mining Market Scope: Inquire before buying
Global Lithium Mining Market Report Coverage Details Base Year: 2022 Forecast Period: 2023-2029 Historical Data: 2017 to 2022 Market Size in 2022: US $ 3.89 Bn. Forecast Period 2023 to 2029 CAGR: 15.2 % Market Size in 2029: US $ 10.48 Bn. Segments Covered: by Source Brines Hard Rocks by Type Lithium Hydroxide Lithium Carbonate by Application Batteries Glass Grease Air Conditioning Equipment Others Lithium Mining Market, by Region
North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria, Turkey, Russia and Rest of Europe) Asia Pacific (China, India, Japan, South Korea, Australia, ASEAN and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (Brazil, Argentina, Columbia and Rest of South America)Lithium Mining Market, Key Players are
1. Albemarle Corporation 2. SQM 3. Talison Lithium 4. FMC Corporation 5. Tianqi Lithium Corporation 6. Jiangxi Ganfeng 7. Orocorbe Limited Pty Ltd 8. Nordic Mining ASA 9. LITHIUM AMERICAS 10. MGX Minerals Inc. 11. Nemaska Lithium 12. Galaxy Resources Limited 13. Wealth Minerals Ltd. 14. Ganfeng Lithium Co., Ltd. 15. Mineral Resources 16. Livent 17. Youngy Corporation Ltd 18. Piedmont Lithium ltd 19. Savannah Resources 20. Pilbara Minerals ltd. 21. Sichuan Yahua Industrial Group Co Limited 22. Mineral Resources Limited Frequently Asked Questions: 1] What segments are covered in the Lithium Mining Market report? Ans. The segments covered in the Lithium Mining Market report are based on Source, Type, Application. 2] Which region is expected to hold the highest share in the Lithium Mining Market? Ans. The Asia Pacific region is expected to hold the highest share in the Lithium Mining Market. 3] What is the market size of the Lithium Mining Market by 2029? Ans. The market size of the Lithium Mining Market by 2029 is US$ 10.48 Bn. 4] What is the forecast period for the Lithium Mining Market? Ans. The forecast period for the Lithium Mining Market is 2023-2029. 5] What was the market size of the Lithium Mining Market in 2022? Ans. The market size of the Lithium Mining Market in 2022 was US$ 3.89 Bn.
1. Lithium Mining Market Introduction 1.1. Study Assumption and Market Definition 1.2. Scope of the Study 1.3. Executive Summary 2. Lithium Mining Market: Dynamics 2.1. Lithium Mining Market Trends by Region 2.1.1. North America Lithium Mining Market Trends 2.1.2. Europe Lithium Mining Market Trends 2.1.3. Asia Pacific Lithium Mining Market Trends 2.1.4. Middle East and Africa Lithium Mining Market Trends 2.1.5. South America Lithium Mining Market Trends 2.2. Lithium Mining Market Dynamics by Region 2.2.1. North America 2.2.1.1. North America Lithium Mining Market Drivers 2.2.1.2. North America Lithium Mining Market Restraints 2.2.1.3. North America Lithium Mining Market Opportunities 2.2.1.4. North America Lithium Mining Market Challenges 2.2.2. Europe 2.2.2.1. Europe Lithium Mining Market Drivers 2.2.2.2. Europe Lithium Mining Market Restraints 2.2.2.3. Europe Lithium Mining Market Opportunities 2.2.2.4. Europe Lithium Mining Market Challenges 2.2.3. Asia Pacific 2.2.3.1. Asia Pacific Lithium Mining Market Drivers 2.2.3.2. Asia Pacific Lithium Mining Market Restraints 2.2.3.3. Asia Pacific Lithium Mining Market Opportunities 2.2.3.4. Asia Pacific Lithium Mining Market Challenges 2.2.4. Middle East and Africa 2.2.4.1. Middle East and Africa Lithium Mining Market Drivers 2.2.4.2. Middle East and Africa Lithium Mining Market Restraints 2.2.4.3. Middle East and Africa Lithium Mining Market Opportunities 2.2.4.4. Middle East and Africa Lithium Mining Market Challenges 2.2.5. South America 2.2.5.1. South America Lithium Mining Market Drivers 2.2.5.2. South America Lithium Mining Market Restraints 2.2.5.3. South America Lithium Mining Market Opportunities 2.2.5.4. South America Lithium Mining Market Challenges 2.3. PORTER’s Five Forces Analysis 2.4. PESTLE Analysis 2.5. Technology Roadmap 2.6. Regulatory Landscape by Region 2.6.1. North America 2.6.2. Europe 2.6.3. Asia Pacific 2.6.4. Middle East and Africa 2.6.5. South America 2.7. Key Opinion Leader Analysis For Lithium Mining Industry 2.8. Analysis of Government Schemes and Initiatives For Lithium Mining Industry 2.9. Lithium Mining Market Trade Analysis 2.10. The Global Pandemic Impact on Lithium Mining Market 3. Lithium Mining Market: Global Market Size and Forecast by Segmentation by Demand and Supply Side (by Value in USD Million) 2022-2029 3.1. Lithium Mining Market Size and Forecast, by Source (2022-2029) 3.1.1. Brines 3.1.2. Hard Rocks 3.2. Lithium Mining Market Size and Forecast, by Type (2022-2029) 3.2.1. Lithium Hydroxide 3.2.2. Lithium Carbonate 3.3. Lithium Mining Market Size and Forecast, by Application (2022-2029) 3.3.1. Batteries 3.3.2. Glass 3.3.3. Grease 3.3.4. Air Conditioning Equipment 3.3.5. Others 3.4. Lithium Mining Market Size and Forecast, by Region (2022-2029) 3.4.1. North America 3.4.2. Europe 3.4.3. Asia Pacific 3.4.4. Middle East and Africa 3.4.5. South America 4. North America Lithium Mining Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 4.1. North America Lithium Mining Market Size and Forecast, by Source (2022-2029) 4.1.1. Brines 4.1.2. Hard Rocks 4.2. North America Lithium Mining Market Size and Forecast, by Type (2022-2029) 4.2.1. Lithium Hydroxide 4.2.2. Lithium Carbonate 4.3. North America Lithium Mining Market Size and Forecast, by Application (2022-2029) 4.3.1. Batteries 4.3.2. Glass 4.3.3. Grease 4.3.4. Air Conditioning Equipment 4.3.5. Others 4.4. North America Lithium Mining Market Size and Forecast, by Country (2022-2029) 4.4.1. United States 4.4.1.1. United States Lithium Mining Market Size and Forecast, by Source (2022-2029) 4.4.1.1.1. Brines 4.4.1.1.2. Hard Rocks 4.4.1.2. United States Lithium Mining Market Size and Forecast, by Type (2022-2029) 4.4.1.2.1. Lithium Hydroxide 4.4.1.2.2. Lithium Carbonate 4.4.1.3. United States Lithium Mining Market Size and Forecast, by Application (2022-2029) 4.4.1.3.1. Batteries 4.4.1.3.2. Glass 4.4.1.3.3. Grease 4.4.1.3.4. Air Conditioning Equipment 4.4.1.3.5. Others 4.4.2. Canada 4.4.2.1. Canada Lithium Mining Market Size and Forecast, by Source (2022-2029) 4.4.2.1.1. Brines 4.4.2.1.2. Hard Rocks 4.4.2.2. Canada Lithium Mining Market Size and Forecast, by Type (2022-2029) 4.4.2.2.1. Lithium Hydroxide 4.4.2.2.2. Lithium Carbonate 4.4.2.3. Canada Lithium Mining Market Size and Forecast, by Application (2022-2029) 4.4.2.3.1. Batteries 4.4.2.3.2. Glass 4.4.2.3.3. Grease 4.4.2.3.4. Air Conditioning Equipment 4.4.2.3.5. Others 4.4.3. Mexico 4.4.3.1. Mexico Lithium Mining Market Size and Forecast, by Source (2022-2029) 4.4.3.1.1. Brines 4.4.3.1.2. Hard Rocks 4.4.3.2. Mexico Lithium Mining Market Size and Forecast, by Type (2022-2029) 4.4.3.2.1. Lithium Hydroxide 4.4.3.2.2. Lithium Carbonate 4.4.3.3. Mexico Lithium Mining Market Size and Forecast, by Application (2022-2029) 4.4.3.3.1. Batteries 4.4.3.3.2. Glass 4.4.3.3.3. Grease 4.4.3.3.4. Air Conditioning Equipment 4.4.3.3.5. Others 5. Europe Lithium Mining Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 5.1. Europe Lithium Mining Market Size and Forecast, by Source (2022-2029) 5.2. Europe Lithium Mining Market Size and Forecast, by Type (2022-2029) 5.3. Europe Lithium Mining Market Size and Forecast, by Application (2022-2029) 5.4. Europe Lithium Mining Market Size and Forecast, by Country (2022-2029) 5.4.1. United Kingdom 5.4.1.1. United Kingdom Lithium Mining Market Size and Forecast, by Source (2022-2029) 5.4.1.2. United Kingdom Lithium Mining Market Size and Forecast, by Type (2022-2029) 5.4.1.3. United Kingdom Lithium Mining Market Size and Forecast, by Application(2022-2029) 5.4.2. France 5.4.2.1. France Lithium Mining Market Size and Forecast, by Source (2022-2029) 5.4.2.2. France Lithium Mining Market Size and Forecast, by Type (2022-2029) 5.4.2.3. France Lithium Mining Market Size and Forecast, by Application(2022-2029) 5.4.3. Germany 5.4.3.1. Germany Lithium Mining Market Size and Forecast, by Source (2022-2029) 5.4.3.2. Germany Lithium Mining Market Size and Forecast, by Type (2022-2029) 5.4.3.3. Germany Lithium Mining Market Size and Forecast, by Application (2022-2029) 5.4.4. Italy 5.4.4.1. Italy Lithium Mining Market Size and Forecast, by Source (2022-2029) 5.4.4.2. Italy Lithium Mining Market Size and Forecast, by Type (2022-2029) 5.4.4.3. Italy Lithium Mining Market Size and Forecast, by Application(2022-2029) 5.4.5. Spain 5.4.5.1. Spain Lithium Mining Market Size and Forecast, by Source (2022-2029) 5.4.5.2. Spain Lithium Mining Market Size and Forecast, by Type (2022-2029) 5.4.5.3. Spain Lithium Mining Market Size and Forecast, by Application (2022-2029) 5.4.6. Sweden 5.4.6.1. Sweden Lithium Mining Market Size and Forecast, by Source (2022-2029) 5.4.6.2. Sweden Lithium Mining Market Size and Forecast, by Type (2022-2029) 5.4.6.3. Sweden Lithium Mining Market Size and Forecast, by Application (2022-2029) 5.4.7. Austria 5.4.7.1. Austria Lithium Mining Market Size and Forecast, by Source (2022-2029) 5.4.7.2. Austria Lithium Mining Market Size and Forecast, by Type (2022-2029) 5.4.7.3. Austria Lithium Mining Market Size and Forecast, by Application (2022-2029) 5.4.8. Rest of Europe 5.4.8.1. Rest of Europe Lithium Mining Market Size and Forecast, by Source (2022-2029) 5.4.8.2. Rest of Europe Lithium Mining Market Size and Forecast, by Type (2022-2029) 5.4.8.3. Rest of Europe Lithium Mining Market Size and Forecast, by Application (2022-2029) 6. Asia Pacific Lithium Mining Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 6.1. Asia Pacific Lithium Mining Market Size and Forecast, by Source (2022-2029) 6.2. Asia Pacific Lithium Mining Market Size and Forecast, by Type (2022-2029) 6.3. Asia Pacific Lithium Mining Market Size and Forecast, by Application (2022-2029) 6.4. Asia Pacific Lithium Mining Market Size and Forecast, by Country (2022-2029) 6.4.1. China 6.4.1.1. China Lithium Mining Market Size and Forecast, by Source (2022-2029) 6.4.1.2. China Lithium Mining Market Size and Forecast, by Type (2022-2029) 6.4.1.3. China Lithium Mining Market Size and Forecast, by Application (2022-2029) 6.4.2. S Korea 6.4.2.1. S Korea Lithium Mining Market Size and Forecast, by Source (2022-2029) 6.4.2.2. S Korea Lithium Mining Market Size and Forecast, by Type (2022-2029) 6.4.2.3. S Korea Lithium Mining Market Size and Forecast, by Application (2022-2029) 6.4.3. Japan 6.4.3.1. Japan Lithium Mining Market Size and Forecast, by Source (2022-2029) 6.4.3.2. Japan Lithium Mining Market Size and Forecast, by Type (2022-2029) 6.4.3.3. Japan Lithium Mining Market Size and Forecast, by Application (2022-2029) 6.4.4. India 6.4.4.1. India Lithium Mining Market Size and Forecast, by Source (2022-2029) 6.4.4.2. India Lithium Mining Market Size and Forecast, by Type (2022-2029) 6.4.4.3. India Lithium Mining Market Size and Forecast, by Application (2022-2029) 6.4.5. Australia 6.4.5.1. Australia Lithium Mining Market Size and Forecast, by Source (2022-2029) 6.4.5.2. Australia Lithium Mining Market Size and Forecast, by Type (2022-2029) 6.4.5.3. Australia Lithium Mining Market Size and Forecast, by Application (2022-2029) 6.4.6. Indonesia 6.4.6.1. Indonesia Lithium Mining Market Size and Forecast, by Source (2022-2029) 6.4.6.2. Indonesia Lithium Mining Market Size and Forecast, by Type (2022-2029) 6.4.6.3. Indonesia Lithium Mining Market Size and Forecast, by Application (2022-2029) 6.4.7. Malaysia 6.4.7.1. Malaysia Lithium Mining Market Size and Forecast, by Source (2022-2029) 6.4.7.2. Malaysia Lithium Mining Market Size and Forecast, by Type (2022-2029) 6.4.7.3. Malaysia Lithium Mining Market Size and Forecast, by Application (2022-2029) 6.4.8. Vietnam 6.4.8.1. Vietnam Lithium Mining Market Size and Forecast, by Source (2022-2029) 6.4.8.2. Vietnam Lithium Mining Market Size and Forecast, by Type (2022-2029) 6.4.8.3. Vietnam Lithium Mining Market Size and Forecast, by Application(2022-2029) 6.4.9. Taiwan 6.4.9.1. Taiwan Lithium Mining Market Size and Forecast, by Source (2022-2029) 6.4.9.2. Taiwan Lithium Mining Market Size and Forecast, by Type (2022-2029) 6.4.9.3. Taiwan Lithium Mining Market Size and Forecast, by Application (2022-2029) 6.4.10. Rest of Asia Pacific 6.4.10.1. Rest of Asia Pacific Lithium Mining Market Size and Forecast, by Source (2022-2029) 6.4.10.2. Rest of Asia Pacific Lithium Mining Market Size and Forecast, by Type (2022-2029) 6.4.10.3. Rest of Asia Pacific Lithium Mining Market Size and Forecast, by Application (2022-2029) 7. Middle East and Africa Lithium Mining Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 7.1. Middle East and Africa Lithium Mining Market Size and Forecast, by Source (2022-2029) 7.2. Middle East and Africa Lithium Mining Market Size and Forecast, by Type (2022-2029) 7.3. Middle East and Africa Lithium Mining Market Size and Forecast, by Application (2022-2029) 7.4. Middle East and Africa Lithium Mining Market Size and Forecast, by Country (2022-2029) 7.4.1. South Africa 7.4.1.1. South Africa Lithium Mining Market Size and Forecast, by Source (2022-2029) 7.4.1.2. South Africa Lithium Mining Market Size and Forecast, by Type (2022-2029) 7.4.1.3. South Africa Lithium Mining Market Size and Forecast, by Application (2022-2029) 7.4.2. GCC 7.4.2.1. GCC Lithium Mining Market Size and Forecast, by Source (2022-2029) 7.4.2.2. GCC Lithium Mining Market Size and Forecast, by Type (2022-2029) 7.4.2.3. GCC Lithium Mining Market Size and Forecast, by Application (2022-2029) 7.4.3. Nigeria 7.4.3.1. Nigeria Lithium Mining Market Size and Forecast, by Source (2022-2029) 7.4.3.2. Nigeria Lithium Mining Market Size and Forecast, by Type (2022-2029) 7.4.3.3. Nigeria Lithium Mining Market Size and Forecast, by Application (2022-2029) 7.4.4. Rest of ME&A 7.4.4.1. Rest of ME&A Lithium Mining Market Size and Forecast, by Source (2022-2029) 7.4.4.2. Rest of ME&A Lithium Mining Market Size and Forecast, by Type (2022-2029) 7.4.4.3. Rest of ME&A Lithium Mining Market Size and Forecast, by Application (2022-2029) 8. South America Lithium Mining Market Size and Forecast by Segmentation (by Value in USD Million) 2022-2029 8.1. South America Lithium Mining Market Size and Forecast, by Source (2022-2029) 8.2. South America Lithium Mining Market Size and Forecast, by Type (2022-2029) 8.3. South America Lithium Mining Market Size and Forecast, by Application(2022-2029) 8.4. South America Lithium Mining Market Size and Forecast, by Country (2022-2029) 8.4.1. Brazil 8.4.1.1. Brazil Lithium Mining Market Size and Forecast, by Source (2022-2029) 8.4.1.2. Brazil Lithium Mining Market Size and Forecast, by Type (2022-2029) 8.4.1.3. Brazil Lithium Mining Market Size and Forecast, by Application (2022-2029) 8.4.2. Argentina 8.4.2.1. Argentina Lithium Mining Market Size and Forecast, by Source (2022-2029) 8.4.2.2. Argentina Lithium Mining Market Size and Forecast, by Type (2022-2029) 8.4.2.3. Argentina Lithium Mining Market Size and Forecast, by Application (2022-2029) 8.4.3. Rest Of South America 8.4.3.1. Rest Of South America Lithium Mining Market Size and Forecast, by Source (2022-2029) 8.4.3.2. Rest Of South America Lithium Mining Market Size and Forecast, by Type (2022-2029) 8.4.3.3. Rest Of South America Lithium Mining Market Size and Forecast, by Application (2022-2029) 9. Global Lithium Mining Market: Competitive Landscape 9.1. MMR Competition Matrix 9.2. Competitive Landscape 9.3. Key Players Benchmarking 9.3.1. Company Name 9.3.2. Business Segment 9.3.3. End-user Segment 9.3.4. Revenue (2022) 9.3.5. Company Locations 9.4. Leading Lithium Mining Market Companies, by market capitalization 9.5. Market Structure 9.5.1. Market Leaders 9.5.2. Market Followers 9.5.3. Emerging Players 9.6. Mergers and Acquisitions Details 10. Company Profile: Key Players 10.1. Albemarle Corporation 10.1.1. Company Overview 10.1.2. Business Portfolio 10.1.3. Financial Overview 10.1.4. SWOT Analysis 10.1.5. Strategic Analysis 10.1.6. Scale of Operation (small, medium, and large) 10.1.7. Details on Partnership 10.1.8. Regulatory Accreditations and Certifications Received by Them 10.1.9. Awards Received by the Firm 10.1.10. Recent Developments 10.2. SQM 10.3. Talison Lithium 10.4. FMC Corporation 10.5. Tianqi Lithium Corporation 10.6. Jiangxi Ganfeng 10.7. Orocorbe Limited Pty Ltd 10.8. Nordic Mining ASA 10.9. LITHIUM AMERICAS 10.10. MGX Minerals Inc. 10.11. Nemaska Lithium 10.12. Galaxy Resources Limited 10.13. Wealth Minerals Ltd. 10.14. Ganfeng Lithium Co., Ltd. 10.15. Mineral Resources 10.16. Livent 10.17. Youngy Corporation Ltd 10.18. Piedmont Lithium ltd 10.19. Savannah Resources 10.20. Pilbara Minerals ltd. 10.21. Sichuan Yahua Industrial Group Co Limited 10.22. Mineral Resources Limited 11. Key Findings 12. Industry Recommendations 13. Lithium Mining Market: Research Methodology 14. Terms and Glossary