Global lithium mining market size was USD 3.33 Billion in 2020 and is expected to register a revenue CAGR of 6.8%, during the forecast period, according to latest analysis by Emergen Research. Rising demand for consumer electronics products and increasing use of lithium-ion batteries in grid-scale energy storage systems are among some of the key factors driving market revenue growth. Increasing focus on Research & Development (R&D) of advanced technologies in mining process is expected to boost revenue growth of the market to a significant extent. Several universities are focusing on research for developing newer technology to assist in lithium extraction. For instance, Researchers team from Monash University, Australia, The Commonwealth Scientific and Industrial Research Organisation (CSIRO), the University of Texas at Austin, and the University of Melbourne have developed an innovative filtering technology for extracting lithium ions from brine.

The report is collated with the help of advanced tools and the recent primary and secondary research methodologies. Our expert analysts gather information and data available in the annual company reports, financial reports, press releases, regulatory databases, government documents, and statistical databases. In order to ensure the authenticity of the information and data studied in this report, our researchers undertake paid primary interviews with industry experts alongside other relevant entities associated with the global lithium mining market.

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Some Key Highlights from the Report

  • Lithium hydroxide segment revenue is expected to expand at significantly steady CAGR during the forecast period. Lithium hydroxide is suitable in battery manufacturing, particularly for EVs. It boosts the efficiency of the battery, enabling EVs to have a further usability range before requiring a recharge.
  • Glass & Ceramics (Frits) segment is expected to register significantly steady revenue growth rate over the forecast period due to rising use of lithium in glass and ceramic manufacturing. As the addition of lithium boosts the glass melt rate, decrease the viscosity and melt temperature providing higher output, moulding benefits, and energy savings.
  • North America lithium mining market is expected to register steady revenue CAGR over the forecast period due to robust presence of major market players such as Albemarle Corporation, Livent Corporation, and Piedmont Lithium, Inc. in countries in the region.

Leading Companies of the Lithium Mining Industry and Profiled in the Report are:

Jiangxi Ganfeng Lithium Co., Ltd., Albemarle Corporation, Tianqi Lithium Corp., SQM S.A. (Sociedad Química y Minera), Pilbara Minerals Limited, Livent Corporation, Orocobre Limited Pty Ltd., Mineral Resources Limited, Lithium Americas Corporation, and Piedmont Lithium, Inc.

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Furthermore, the report divides the Lithium Mining market into key segments and sub-segments to offer an analysis of the product type and application spectrum of the industry. It also offers predictions about the segments expected to show significant growth during the projected timeline.

Emergen Research has segmented the global lithium mining market on the basis of type, source, end-use, and region:

Type Outlook (Revenue, USD Billion, Volume, Kilotons; 2018–2030)

  • Lithium Hydroxide
  • Lithium Carbonate
  • Lithium Chloride
  • Lithium Concentrate

Source Outlook (Revenue, USD Billion, Volume, Kilotons; 2018–2030)

  • Hard Rock
  • Brine
  • Others

End-use Outlook (Revenue, USD Billion, Volume, Kilotons; 2018–2030)

  • Flux Powder
  • Polymers
  • Batteries
  • Refrigeration
  • Air Conditioning Equipment
  • Glass & Ceramics (Frits)
  • Grease & Lubricants
  • Pharmaceutical
  • Others

Regional Analysis:

The report sheds light on the region expected to dominate the Lithium Mining market in the coming years. The report estimates the market size in terms of volume and value and offers an accurate estimate of the market share each region is anticipated to hold during the forecast period. The report analyzes the spread of the Lithium Mining market in key geographies covering North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The regional analysis offers an idea about the production and consumption pattern, import/export, supply and demand ratio, revenue contribution, market share and size, and the presence of prominent players in each region.

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The report covers key points of the market, including the standards, regulations, and policy changes applied by the government on the industry for the coming years. The report encompasses thorough research carried out by the application of advanced analytical tools such as SWOT analysis and Porter’s Five Forces analysis to pinpoint the growth trends and patterns. Factors likely to influence the growth of the market, current trends, opportunities, restraining factors, and business landscape are discussed in-depth in the market study.

Key Points of Lithium Mining Market:

  • Extensive coverage of the analysis of the Lithium Mining market
  • Key insights into the regional spread of the industry in key geographies
  • Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
  • Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Lithium Mining market
  • Complete data about the key manufacturers and vendors in the Lithium Mining market

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Thank you for reading our report. Customization of this report is available in chapter-wise or region-wise sections. Kindly get in touch with us to know more about the report, and our team will provide excellent assistance.

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About Emergen Research

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

 

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