The Lithium Mining Market is expected to increase at a CAGR of 7%, from USD 3.7 billion in 2022 to USD 6.4 billion in 2030. Some of the primary drivers driving market revenue growth include rising demand for consumer electronics items and increased use of lithium-ion batteries in grid-scale energy storage system. Increased focus on sophisticated technology research and development in the mining process is predicted to significantly improve market revenue growth. Several colleges are concentrating their efforts on creating innovative technology to aid in the extraction of lithium. Monash University in Australia, the Commonwealth Scientific and Industrial Research Organisation (CSIRO), the University of Texas at Austin, and the University of Melbourne, for example, have created a unique filtering system for collecting lithium ions from brine.
Get PDF Sample Report on Lithium Mining Market - Request Sample Report
Drivers:
The widespread use of lithium in medical devices and pharmaceutical operations, as well as rapid advancements in electronic vehicles, are propelling the lithium mining industry forward. Similarly, the growing use of lithium in the glass and ceramics, polymer, and pharmaceutical industries is propelling the market forward.
The rising sales of low-cost consumer electronics such as smartwatches, TVs, smartphones, smart gadgets, and handheld devices, as well as production-intensive industrial verticals in China, Japan, and the United States, are the primary drivers of lithium mining industry growth.
Restraints:
Lithium battery disposal and recycling facilities are both expensive and scarce in many nations. Improper lithium battery disposal can also have a significant negative influence on the environment. These are the primary restrictions on the lithium mining market's expansion.
Opportunities:
The developed world is gradually investing in electric vehicles, with recent statistics from the International Energy Agency estimating that sales of electric vehicles exceeded 2.1 million in 2019. On the other hand, rising investment in the automotive industry, combined with the existence of established market participants, is driving the adoption of electric vehicles, creating the attractive potential for the lithium mining market.
Several countries have enacted legislation, incentives, and policies to encourage the use of electric vehicles for commercial and personal use. As a result of these reasons, the lithium mining industry is expected to rise rapidly.
The growing demand for electricity and the resulting stimulation of power grid growth as a result of increased industrialization and urbanisation are providing attractive opportunities for the lithium mining business. Developing countries and industrial market participants are concentrating on exploiting renewable energy resources and working on energy storage on a continuous basis. Such characteristics necessitate lithium at every level, creating a lucrative possibility for the lithium mining industry's total growth.
Challenges:
Lithium mining and processing have a negative influence on the environment, causing water pollution and disrupting other ecosystems. This aspect has an impact on the quality of groundwater and the microscopic lithium particles that linger in the air, causing serious respiratory problems. The health risks associated with the lithium mining industry prompted the government to put strict controls on the quantities of lithium produced, which were viewed as major roadblocks to the lithium mining sector's overall expansion.
COVID 19 had wreaked havoc on the industrial and commercial sectors. The anguish it had caused had lingered for several years. Business and industrial operations were either slowed or stopped entirely, affecting product demand. The changing economic climate and changing client preferences have an impact on sales in a variety of businesses. Automobile and other luxury goods sales, for example, have dropped dramatically. The important manufacturers were also impacted, resulting in a decrease in mining industry investment. Furthermore, the lithium mining business has become inefficient as a result of the decreasing labour force.
On the other side, the supply of metals was lowered, and demand for metals was also cut. The lithium mining industry's overall expansion has been hampered by fluctuations in metal and mineral prices.
By Product
Lithium hydroxide
Lithium carbonate
By Application
Batteries
Glass
Grease
Air Conditioning Equipment
By Type
Chloride
Lithium hydroxide
Carbonate
Concentrate
By Source
Brine
Hard rock
.png)
Get Customized Report as per Your Business Requirement - Request For Customized Report
The lithium mining business is now predicted to develop at a faster rate in Asia-Pacific and the United States, with the United States growing at a rate of 3.2 percent. Lithium-ion batteries are increasingly being used in consumer gadgets and medical applications, creating attractive potential for lithium mining as a whole.
European countries are developing electric car manufacturing and boosting their automotive and medical industries. As a result of the extensive use of lithium in various industries, the lithium mining market is growing. Europe, for example, is focused on fuel efficiency and enacting legislation to encourage the use of fuel-efficient vehicles. Furthermore, according to the International Energy Agency, the country has sold over 7 million electric automobiles.
REGIONAL COVERAGE
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Jiangxi Ganfeng Lithium Albemarle, Sociedad Quimica y Minera,Sichuan Yahua Industrial Group Co Limited, Lithium Americas, Pilbara Minerals Ltd., Bacanora Lithium, Piedmont Lithium ltd, Galaxy Resources ltd, Orocobre Ltd, Young Corporation Ltd, Savannah Resources, Livent Corporation, Mineral Resources Limited, Tianqi Lithium, and other players.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 3.7 Billion |
| Market Size by 2030 | US$ 6.4 Billion |
| CAGR | CAGR of 7% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Product (Lithium hydroxide, Lithium carbonate) • By Application (Batteries, Glass, Grease, Air Conditioning Equipment) • By Type (Chloride, Lithium hydroxide, Carbonate, Concentrate) • By Source (Brine, Hard rock) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Jiangxi Ganfeng Lithium Albemarle, Sociedad Quimica y Minera,Sichuan Yahua Industrial Group Co Limited, Lithium Americas, Pilbara Minerals Ltd., Bacanora Lithium, Piedmont Lithium ltd, Galaxy Resources ltd, Orocobre Ltd, Young Corporation Ltd, Savannah Resources, Livent Corporation, Mineral Resources Limited, Tianqi Lithium, and other players. |
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Yes.
Ans: Jiangxi Ganfeng Lithium Albemarle, Sociedad Quimica y Minera,Sichuan Yahua Industrial Group Co Limited, Lithium Americas, Pilbara Minerals Ltd., Bacanora Lithium, Piedmont Lithium ltd, Galaxy Resources ltd, Orocobre Ltd, Young Corporation Ltd, Savannah Resources, Livent Corporation, Mineral Resources Limited, Tianqi Lithium are the major Key players of Global Lithium Mining Market
Ans: COVID 19 had wreaked havoc on the industrial and commercial sectors. The anguish it had caused had lingered for several years. Business and industrial operations were either slowed or stopped entirely, affecting product demand. The changing economic climate and changing client preferences have an impact on sales in a variety of businesses. Automobile and other luxury goods sales, for example, have dropped dramatically.
Ans: From 2022 to 2028, the lithium mining market is expected to increase at a CAGR of 7%, from USD3.5 billion in 2021 to USD 5.6 billion in 2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8.Global Lithium Mining Market segment, By Product
8.1 Lithium hydroxide
8.2 Lithium carbonate
9. Global Lithium Mining Market segment, By Application
9.1 Batteries
9.2 Glass
9.3 Grease
9.4 Air Conditioning Equipment
10. Global Lithium Mining Market segment, By Type
10.1 Chloride
10.2 Lithium hydroxide
10.3 Carbonate
10.4 Concentrate
11. Global Lithium Mining Market segment, By Source
11.1 Brine
11.2 Hard rock.
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 Jiangxi Ganfeng Lithium Albemarle,
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Tianqi Lithium
13.3 Sociedad Quimica y Minera
13.4 Mineral Resources Limited
13.5 Sichuan Yahua Industrial Group Co Limited
13.6 Livent Corporation
13.7 Lithium Americas
13.8 Pilbara Minerals Ltd.
13.9 Savannah Resources
13.10 Bacanora Lithium
13.11 Piedmont Lithium ltd
13.12 Galaxy Resources ltd
13.13 Orocobre Ltd
13.13 Young Corporation Ltd.
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
15. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Automotive Adhesives Market Size was valued at USD 7.10 billion in 2022, and is expected to reach USD 11.31 billion by 2030, and grow at a CAGR of 6.0 % over the forecast period 2023-2030.
The Timber Laminating Adhesives Market Size was valued at USD 824.49 million in 2022, and is expected to reach USD 1583 million by 2030, and grow at a CAGR of 8.5% over the forecast period 2023-2030.
The Automotive Composites Market Size was valued at USD 8.5 billion in 2022, and expected to reach USD 20.18 billion by 2030, and grow at a CAGR of 11.3% over the forecast period 2023-2030.
The Aerospace Adhesive and Sealants Market size was valued at USD 2.21 Billion in 2022 and is projected to reach USD 3.42 Billion by 2030 growing at a CAGR of 5.6% from 2023 to 2030.
The Ethyl Lactate Market size was valued at USD 2.06 billion in 2023 and is expected to grow to USD 3.70 billion by 2031 and grow at a CAGR of 7.7% over the forecast period of 2024-2031.
The Tight Gas Market Size was valued at USD 12763.79 billion cubic feet in 2023 and is expected to reach USD 19002.09 billion cubic feet by 2031 and grow at a CAGR of 5.1% over the forecast period 2024-2031.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
