Lithium Mining Market: By Type (Lithium Carbonate, Lithium Hydroxide), By Source (Brine, Hard Rock, Others), By Application (Battery, Ceramics and Glass, Lubricants & Grease, Polymer, Flux Powder, Refrigeration, Others), And Region – Global Analysis of Market Size, Share & Trends For 2019–2021 And Forecasts To 2031
Lithium Mining Market: By Type (Lithium Carbonate, Lithium Hydroxide), By Source (Brine, Hard Rock, Others), By Application (Battery, Ceramics and Glass, Lubricants & Grease, Polymer, Flux Powder, Refrigeration, Others), And Region – Global Analysis of Market Size, Share & Trends For 2019–2021 And Forecasts To 2031
PRODUCT OVERVIEW
Lithium is a chemical element that has multiple industrial applications in modern product manufacture including electronics, vehicles, and healthcare. It can be found in a variety of grease lubricants, pharmaceuticals, lithium-ion batteries, and other applications. In addition to the applications listed above, it can be used to treat a variety of mental illnesses and eating disorders, including schizophrenia, bipolar disorder, anorexia, and bulimia. Because lithium-ion batteries are one of the lightest metals, the majority of electric car manufacturers choose them to preserve vehicle economy.
MARKET HIGHLIGHTS
Global Lithium Mining Market is expected to project a notable CAGR of 6.7% by 2031
Global Lithium Mining Market to surpass USD 3.1 billion by 2031 from USD 1.6 billion in 2021 at a CAGR of 6.7% in the coming years, i.e., 2021-2031. The market is likely to be driven by factors such as expanding electric car sales and the rising need for batteries. Furthermore, as the demand for electrical and electronic items grows, so does the demand for batteries. During the next assessment period, the rapid adoption of electric vehicles in emerging economies is predicted to generate substantial prospects for the worldwide lithium mining market.
GLOBAL LITHIUM MINING MARKET: SEGMENTS
Lithium Carbonate segment is expected to grow with the highest CAGR during 2021-31
On the basis of Type, the global Lithium Mining Market is fragmented into Lithium Carbonate, and Lithium Hydroxide. Lithium carbonate accounts for the majority of mining because of its widespread production from brines and hard rock mining. It is simple to create, and thus accounts for the majority of metal produced. It's widely utilized in the glass and ceramic industries, as well as in the medical field to treat mental health issues. The concentrate segment is likely to rise indirectly as hard rock mining activities increase around the world. A rapid increase in chloride production is projected as a result of new technological breakthroughs in brine manufacturing.
Hard Rock segment is expected to grow with the highest CAGR during 2021-31
Global Lithium Mining Market is classified on the basis of Source into Brine, Hard Rock, and Others. The hard rock sector dominates the market due to the largest quantity of reserves in the globe in the form of hard rocks. The earth's brine deposits are likewise abundant, but they aren't being used to their full potential. Bolivia's salt flats are a good illustration of this.
MARKET DYNAMICS
Drivers
The Explosive Use of Lithium Mining in Air treatment Applications
Growing Applications in Consumer Electronics and the Automotive Sector
Restraint
Strict Regulations for Environment Protection
GLOBAL LITHIUM MINING MARKET:
Key Players
Lithium Mining Market Segments:
PRODUCT OVERVIEW
Lithium is a chemical element that has multiple industrial applications in modern product manufacture including electronics, vehicles, and healthcare. It can be found in a variety of grease lubricants, pharmaceuticals, lithium-ion batteries, and other applications. In addition to the applications listed above, it can be used to treat a variety of mental illnesses and eating disorders, including schizophrenia, bipolar disorder, anorexia, and bulimia. Because lithium-ion batteries are one of the lightest metals, the majority of electric car manufacturers choose them to preserve vehicle economy.
MARKET HIGHLIGHTS
Global Lithium Mining Market is expected to project a notable CAGR of 6.7% by 2031
Global Lithium Mining Market to surpass USD 3.1 billion by 2031 from USD 1.6 billion in 2021 at a CAGR of 6.7% in the coming years, i.e., 2021-2031. The market is likely to be driven by factors such as expanding electric car sales and the rising need for batteries. Furthermore, as the demand for electrical and electronic items grows, so does the demand for batteries. During the next assessment period, the rapid adoption of electric vehicles in emerging economies is predicted to generate substantial prospects for the worldwide lithium mining market.
GLOBAL LITHIUM MINING MARKET: SEGMENTS
Lithium Carbonate segment is expected to grow with the highest CAGR during 2021-31
On the basis of Type, the global Lithium Mining Market is fragmented into Lithium Carbonate, and Lithium Hydroxide. Lithium carbonate accounts for the majority of mining because of its widespread production from brines and hard rock mining. It is simple to create, and thus accounts for the majority of metal produced. It's widely utilized in the glass and ceramic industries, as well as in the medical field to treat mental health issues. The concentrate segment is likely to rise indirectly as hard rock mining activities increase around the world. A rapid increase in chloride production is projected as a result of new technological breakthroughs in brine manufacturing.
Hard Rock segment is expected to grow with the highest CAGR during 2021-31
Global Lithium Mining Market is classified on the basis of Source into Brine, Hard Rock, and Others. The hard rock sector dominates the market due to the largest quantity of reserves in the globe in the form of hard rocks. The earth's brine deposits are likewise abundant, but they aren't being used to their full potential. Bolivia's salt flats are a good illustration of this.
MARKET DYNAMICS
Drivers
The Explosive Use of Lithium Mining in Air treatment Applications
Growing Applications in Consumer Electronics and the Automotive Sector
Restraint
Strict Regulations for Environment Protection
GLOBAL LITHIUM MINING MARKET:
Key Players
- Albemarle
- Jiangxi Ganfeng Lithium
- Livent
- Nemaska Lithium
- Orocobre limited
- Sichuan Tianqi Lithium Industries
- SQM
- Lithium Americas Corp
- Youngy Corporation Ltd
- Mineral Resources Limited
- Other Prominent Players
Lithium Mining Market Segments:
- By Type
- Lithium Carbonate
- Lithium Hydroxide
- By Source
- Brine
- Hard Rock
- Others
- By Application
- Battery
- Ceramics and Glass
- Lubricants & Grease
- Polymer
- Flux Powder
- Refrigeration
- Others
- Lithium Mining Market Dynamics
- Lithium Mining Market Size
- Supply & Demand
- Current Trends/Issues/Challenges
- Competition & Companies Involved in the Market
- Value Chain of the Market
- Market Drivers and Restraints
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
- Provides insight into the market through Value Chain
- Market dynamics scenario, along with growth opportunities of the market in the years to come
- 3-month post-sales analyst support.
1. EXECUTIVE SUMMARY
1.1. Regional Market Share
1.2. Business Trends
1.3. Global Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2 RESEARCH METHODOLOGY
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3 MARKET CHARACTERISTICS
3.1. Market Definition
3.2. Global Lithium Mining Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4 GLOBAL LITHIUM MINING MARKET - INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5 MACROECONOMIC INDICATORS
6 RECENT DEVELOPMENTS
7 MARKET DYNAMICS
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8 RISK ANALYSIS
9 MARKET ANALYSIS
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1. Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10 GLOBAL LITHIUM MINING MARKET
10.1. Overview
10.2. Historical Analysis (2016-2020)
10.2.1. Market Size, Y-o-Y Growth (%), and Market Forecast
11 GLOBAL LITHIUM MINING MARKET SIZE & FORECAST 2020A-2031F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Type
11.3.1.1. Lithium Carbonate
• By Value (USD Million) 2020-2031F
• Market Share (%) 2020-2031F
• Y-o-Y Growth (%) 2021-2031F
11.3.1.2. Lithium Hydroxide
• By Value (USD Million) 2020-2031F
• Market Share (%) 2020-2031F
• Y-o-Y Growth (%) 2021-2031F
11.3.2. By Source
11.3.2.1. Lithium Hydroxide
• By Value (USD Million) 2020-2031F
• Market Share (%) 2020-2031F
• Y-o-Y Growth (%) 2021-2031F
11.3.2.2. Hard Rock
• By Value (USD Million) 2020-2031F
• Market Share (%) 2020-2031F
• Y-o-Y Growth (%) 2021-2031F
11.3.2.3. Others
• By Value (USD Million) 2020-2031F
• Market Share (%) 2020-2031F
• Y-o-Y Growth (%) 2021-2031F
11.3.3. By Application
11.3.3.1. Battery
• By Value (USD Million) 2020-2031F
• Market Share (%) 2020-2031F
• Y-o-Y Growth (%) 2021-2031F
11.3.3.2. Ceramics and Glass
• By Value (USD Million) 2020-2031F
• Market Share (%) 2020-2031F
• Y-o-Y Growth (%) 2021-2031F
11.3.3.3. Lubricants & Grease
• By Value (USD Million) 2020-2031F
• Market Share (%) 2020-2031F
• Y-o-Y Growth (%) 2021-2031F
11.3.3.4. Polymer
• By Value (USD Million) 2020-2031F
• Market Share (%) 2020-2031F
• Y-o-Y Growth (%) 2021-2031F
11.3.3.5. Flux Powder
• By Value (USD Million) 2020-2031F
• Market Share (%) 2020-2031F
• Y-o-Y Growth (%) 2021-2031F
11.3.3.6. Refrigeration
• By Value (USD Million) 2020-2031F
• Market Share (%) 2020-2031F
• Y-o-Y Growth (%) 2021-2031F
11.3.3.7. Others
• By Value (USD Million) 2020-2031F
• Market Share (%) 2020-2031F
• Y-o-Y Growth (%) 2021-2031F
12 NORTH AMERICA LITHIUM MINING MARKET SIZE & FORECAST 2020A-2031F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Type
12.3.2. By Source
12.3.3. By Application
12.4. Country
12.4.1. United States
12.4.2. Mexico
12.4.3. Canada
13 EUROPE LITHIUM MINING MARKET SIZE & FORECAST 2020A-2031F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Type
13.3.2. By Source
13.3.3. By Application
13.4. Country
13.4.1. Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Rest of Europe
14 ASIA PACIFIC LITHIUM MINING MARKET SIZE & FORECAST 2020A-2031F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Type
14.3.2. By Source
14.3.3. By Application
14.4. By Country
14.4.1. India
14.4.2. China
14.4.3. Japan
14.4.4. Rest of APAC
15 MIDDLE EAST AND AFRICA LITHIUM MINING MARKET SIZE & FORECAST 2020A-2031F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Type
15.3.2. By Source
15.3.3. By Application
15.4. Country
15.4.1. North Africa
15.4.2. South Africa
15.4.3. Rest of Middle East and Africa
16 LATIN AMERICA LITHIUM MINING MARKET SIZE & FORECAST 2020A-2031F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Type
16.3.2. By Source
16.3.3. By Application
16.4. Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17 COMPETITIVE LANDSCAPE
17.1. Company market share, 2020
17.2. Key player overview
17.3. Key stakeholders
18 COMPANY PROFILES
18.1. Albemarle
18.1.1. Company Overview
18.1.2. Financial Overview
18.1.3. Key Product; Analysis
18.1.4. Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Jiangxi Ganfeng Lithium
18.3. Livent
18.4. Nemaska Lithium
18.5. Orocobre limited
18.6. Sichuan Tianqi Lithium Industries
18.7. SQM
18.8. Lithium Americas Corp
18.9. Youngy Corporation Ltd
18.10. Mineral Resources Limited
18.11. Other Prominent Players
19 APPENDIX
20 CONSULTANT RECOMMENDATION
1.1. Regional Market Share
1.2. Business Trends
1.3. Global Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2 RESEARCH METHODOLOGY
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3 MARKET CHARACTERISTICS
3.1. Market Definition
3.2. Global Lithium Mining Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4 GLOBAL LITHIUM MINING MARKET - INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5 MACROECONOMIC INDICATORS
6 RECENT DEVELOPMENTS
7 MARKET DYNAMICS
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8 RISK ANALYSIS
9 MARKET ANALYSIS
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1. Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10 GLOBAL LITHIUM MINING MARKET
10.1. Overview
10.2. Historical Analysis (2016-2020)
10.2.1. Market Size, Y-o-Y Growth (%), and Market Forecast
11 GLOBAL LITHIUM MINING MARKET SIZE & FORECAST 2020A-2031F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Type
11.3.1.1. Lithium Carbonate
• By Value (USD Million) 2020-2031F
• Market Share (%) 2020-2031F
• Y-o-Y Growth (%) 2021-2031F
11.3.1.2. Lithium Hydroxide
• By Value (USD Million) 2020-2031F
• Market Share (%) 2020-2031F
• Y-o-Y Growth (%) 2021-2031F
11.3.2. By Source
11.3.2.1. Lithium Hydroxide
• By Value (USD Million) 2020-2031F
• Market Share (%) 2020-2031F
• Y-o-Y Growth (%) 2021-2031F
11.3.2.2. Hard Rock
• By Value (USD Million) 2020-2031F
• Market Share (%) 2020-2031F
• Y-o-Y Growth (%) 2021-2031F
11.3.2.3. Others
• By Value (USD Million) 2020-2031F
• Market Share (%) 2020-2031F
• Y-o-Y Growth (%) 2021-2031F
11.3.3. By Application
11.3.3.1. Battery
• By Value (USD Million) 2020-2031F
• Market Share (%) 2020-2031F
• Y-o-Y Growth (%) 2021-2031F
11.3.3.2. Ceramics and Glass
• By Value (USD Million) 2020-2031F
• Market Share (%) 2020-2031F
• Y-o-Y Growth (%) 2021-2031F
11.3.3.3. Lubricants & Grease
• By Value (USD Million) 2020-2031F
• Market Share (%) 2020-2031F
• Y-o-Y Growth (%) 2021-2031F
11.3.3.4. Polymer
• By Value (USD Million) 2020-2031F
• Market Share (%) 2020-2031F
• Y-o-Y Growth (%) 2021-2031F
11.3.3.5. Flux Powder
• By Value (USD Million) 2020-2031F
• Market Share (%) 2020-2031F
• Y-o-Y Growth (%) 2021-2031F
11.3.3.6. Refrigeration
• By Value (USD Million) 2020-2031F
• Market Share (%) 2020-2031F
• Y-o-Y Growth (%) 2021-2031F
11.3.3.7. Others
• By Value (USD Million) 2020-2031F
• Market Share (%) 2020-2031F
• Y-o-Y Growth (%) 2021-2031F
12 NORTH AMERICA LITHIUM MINING MARKET SIZE & FORECAST 2020A-2031F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Type
12.3.2. By Source
12.3.3. By Application
12.4. Country
12.4.1. United States
12.4.2. Mexico
12.4.3. Canada
13 EUROPE LITHIUM MINING MARKET SIZE & FORECAST 2020A-2031F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Type
13.3.2. By Source
13.3.3. By Application
13.4. Country
13.4.1. Germany
13.4.2. United Kingdom
13.4.3. France
13.4.4. Rest of Europe
14 ASIA PACIFIC LITHIUM MINING MARKET SIZE & FORECAST 2020A-2031F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Type
14.3.2. By Source
14.3.3. By Application
14.4. By Country
14.4.1. India
14.4.2. China
14.4.3. Japan
14.4.4. Rest of APAC
15 MIDDLE EAST AND AFRICA LITHIUM MINING MARKET SIZE & FORECAST 2020A-2031F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Type
15.3.2. By Source
15.3.3. By Application
15.4. Country
15.4.1. North Africa
15.4.2. South Africa
15.4.3. Rest of Middle East and Africa
16 LATIN AMERICA LITHIUM MINING MARKET SIZE & FORECAST 2020A-2031F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Type
16.3.2. By Source
16.3.3. By Application
16.4. Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17 COMPETITIVE LANDSCAPE
17.1. Company market share, 2020
17.2. Key player overview
17.3. Key stakeholders
18 COMPANY PROFILES
18.1. Albemarle
18.1.1. Company Overview
18.1.2. Financial Overview
18.1.3. Key Product; Analysis
18.1.4. Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Jiangxi Ganfeng Lithium
18.3. Livent
18.4. Nemaska Lithium
18.5. Orocobre limited
18.6. Sichuan Tianqi Lithium Industries
18.7. SQM
18.8. Lithium Americas Corp
18.9. Youngy Corporation Ltd
18.10. Mineral Resources Limited
18.11. Other Prominent Players
19 APPENDIX
20 CONSULTANT RECOMMENDATION
