The global market for lithium mining is expected to grow from $5.7 billion in 2023 and projected to reach $9.1 billion by the end of 2028, at a compound annual growth rate (CAGR) of 10.0% from 2023 to 2028.
The Asia-Pacific market for lithium mining is expected to grow from $3.3 billion in 2023 to $5.5 billion by the end of 2028, at a CAGR of 10.6% from 2023 to 2028.
The South American market for lithium mining is expected to grow from $2.2 billion in 2023 to $3.4 billion by the end of 2028, at a CAGR of 9.3% from 2023 to 2028.
Report Scope:
The report discusses the two source types of lithium mining, such as brine and hard rock. It analyzes the leading players in the market as well as market trends. Emerging technologies and trends are reviewed. Because this is a global study, BCC Research analyzed domestic and international technological issues and economic considerations.
The market segments of the report are focused on the technical and commercial aspects of lithium mining activities with respect to two product types: lithium carbonate and lithium hydroxide. The report also covers the policy and regulatory framework for lithium mining that mining companies adhere to in order to maintain environmental sustainability and to comply with government regulations.
The report analyzes the global market by region as well as country, with forecasts from 2023 through 2028. The report surveys the competitive landscape of the lithium mining industry, and profiles key market players.
The currency used in this report is U.S. dollars, with market size indicated only in millions of U.S. dollars. The revenues of the companies are derived from their annual reports. For all the companies, the revenues are given in the U.S. dollars; and for companies that report their revenue in other currencies (i.e., euros and pounds), the average annual currency conversion rate has been used for the particular year to convert these values into U.S. dollars. The conversion rate for each currency conversion is provided in the report.
Report Includes:
48 data tables and 49 additional tables
An overview of the current and future global markets for lithium mining
Analyses of the global market trends, with historical market revenue data (sales figures) for 2022, estimates for 2023, and projections of compound annual growth rates (CAGRs) through 2028
Estimate of the actual market size and revenue forecast for the global lithium mining market, and corresponding market share analysis by source type, product type, end-user industry and geographic region
Facts and figures pertaining to the major market dynamics, technological trends, policies and regulatory frameworks for lithium mining and future prospects
Discussion of the impact of COVID-19 on the lithium mining industry
Discussion of sustainability trends and factors in lithium mining market, with emphasis on consumer attitudes, companies' ESG scores, the future of ESG, case studies, and the ESG practices followed by lithium mining companies
Overview of the major vendors, along with an analysis of the competitive landscape, including company market shares, M&A deals and venture fundings
Profiles of the leading global players
Table of Contents
Chapter 1 Introduction
Study Goals and Objectives
Reasons for Doing This Study
Scope of Report
What's New in this Update?
Methodology
Information Sources
Geographic Breakdown
Segmentation Breakdown
Chapter 2 Summary and Highlights
Market Outlook
Market Summary
Chapter 3 Market Overview
Introduction
Pricing Analysis
Market Potential
Chapter 4 Market Dynamics
Overview
Market Drivers
Rising Sales of EVs
Government Investment in Lithium Mining
Increasing Demand for Consumer Electronics
More Economical and Efficient EV Batteries
Environmentally Friendly Applications of Lithium
Market Challenges
Market Opportunities
Business Expansion Activities
Growing Demand for Renewable Energy Sources
Porter's Five Forces Model
SWOT Analysis
Lithium Mining Supply Chain
Impact of Israel-Palestine Conflict
Climate Policies and Regulation
Environmental Impact of Lithium Mining
The Paris Agreement
European Green Deal
Chapter 5 Emerging Technologies and Developments
Direct Lithium Extraction
Developments in Lithium-Ion Batteries
Auto Manufacturers' Attempt to Ensure a Secure Supply of Lithium
Chapter 6 Global Market for Lithium Mining by Source Type
Overview
Brine Lithium Mining
Hard Rock Lithium Mining
Chapter 7 Global Market for Lithium Mining by Product Type
Overview
Lithium Carbonate
Lithium Hydroxide
Chapter 8 Global Market for Lithium Mining by End Use
Overview
Batteries
Lithium-Manganese Oxide
Lithium-Cobalt Oxide
Lithium-Nickel Manganese Cobalt Oxide
Lithium-Nickel Cobalt Aluminum Oxide
Lithium-Titanate Oxide
Developments in Lithium-ion Batteries
Glass and Ceramics
Lubricants and Grease
Polymers
Flux Powders
Other End Uses
Chapter 9 Global Market for Lithium Mining by Region
Overview
APAC Market for Lithium Mining
South American Market for Lithium Mining
EMEA Market for Lithium Mining
North American Market for Lithium Mining
Chapter 10 Sustainability in the Lithium Mining Industry: An ESG Perspective