Global Lithium Mining Market Research Report by Source (Brine, Hard Rocks), Type (Lithium Chloride, Lithium Hydroxide, Lithium Carbonate, Lithium Concentrate), Application (Batteries, Glass, Grease, Air Conditioning Equipment, Others) Industry Forecast till 2032
Market Overview
The Lithium Mining Market Size is anticipated to grow at a compound annual growth rate (CAGR) of 18.56% from 2024 to 2032.
The mining procedure involves the extraction of lithium from brines and rocks. The evaporation of the brine and the washing of the sodium carbonate in the shallow basins that are lined with PVC. The lithium compounds are extensively employed in the production of ceramics and glass. The primary drivers of the ceramics industry are their potential characteristics, including increased strength, improved coating viscosity, and enhanced glaze color, viscosity, strength, and luster of the ceramic bodies. Consequently, the lithium mining industry experiences an overall increase in growth.
Conversely, the mining industry is also experiencing technological advancements that are leading to more efficient and effective mining processes. In general, they are both energy and resource effective. In addition, they are making use of organic-based sieves to safeguard environmental sustainability. The lithium mining industry is currently experiencing lucrative opportunities for expansion due to these favorable conditions.
The lithium mining market is experiencing growth due to the extensive use of lithium in pharmaceutical operations, medical devices, and electronic automobiles. Likewise, the lithium mining market share is being bolstered by the increasing use of lithium in the pharmaceutical, polymer, and glass and ceramics industries.
Overview of the Segment
The lithium mining market is categorized into Brine and Hard rock based on the source.
The lithium mining market is categorized into four types: chloride, lithium hydroxide, carbonate, and concentrate.
Batteries, glass, grease, and air conditioning equipment comprise the market's application-based segmentation.
The lithium market is segmented into lithium hydroxide and lithium carbonate based on the product.
Regional analysis
Currently, the lithium mining industry is anticipated to experience a higher growth rate in the Asia-Pacific region and the United States. The United States is growing at a rate of 3.2%. The overall growth of lithium mining is presented with lucrative opportunities due to the increasing use of lithium-ion batteries in consumer electronics and medical devices.
The automotive and medicinal industries of European countries are being enhanced, and they are currently engaged in the production of electric vehicles. Consequently, the lithium mining market trends are being stimulated by the extensive use of lithium in these industries. For example, Europe is emphasizing fuel efficiency and enforcing regulations regarding the use of fuel-efficient vehicles. In addition, the International Energy Agency has reported that the nation has sold more than 7 million electric vehicles.
Major Players
Jiangxi Ganfeng Lithium Albemarle, Tianqi Lithium, Sociedad Quimica y Minera, Mineral Resources Limited, Sichuan Yahua Industrial Group Co Limited, Livent Corporation, Lithium Americas, Pilbara Minerals Ltd., Savannah Resources, Bacanora Lithium, Piedmont Lithium ltd, Galaxy Resources ltd, Orocobre Ltd, and Young Corporation Ltd. are the primary players in the lithium mining market.
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY
2 SCOPE OF THE REPORT
2.1 MARKET DEFINITION
2.2 SCOPE OF THE STUDY
2.2.1 RESEARCH OBJECTIVES
2.2.2 ASSUMPTIONS & LIMITATIONS
2.3 MARKETS STRUCTURE
3 MARKET RESEARCH METHODOLOGY
3.1 RESEARCH PROCESS
3.2 SECONDARY RESEARCH
3.3 PRIMARY RESEARCH
3.4 FORECAST MODEL
4 MARKET LANDSCAPE
4.1 FIVE FORCES ANALYSIS
4.1.1 THREAT OF NEW ENTRANTS
4.1.2 BARGAINING POWER OF BUYERS
4.1.3 THREAT OF SUBSTITUTES
4.1.4 SEGMENT RIVALRY
4.2 VALUE CHAIN/SUPPLY CHAIN OF GLOBAL LITHIUM MINING MARKET
5 INDUSTRY OVERVIEW OF GLOBAL LITHIUM MINING MARKET
5.1 INTRODUCTION
5.2 GROWTH DRIVERS
5.3 IMPACT ANALYSIS
5.4 MARKET CHALLENGES
6 MARKET TRENDS
6.1 INTRODUCTION
6.2 GROWTH TRENDS
6.3 IMPACT ANALYSIS
7 GLOBAL LITHIUM MINING MARKET BY SOURCE
7.1 INTRODUCTION
7.2 BRINES
7.2.1 MARKET ESTIMATES & FORECAST, 2023-2032
7.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2023-2032
7.3 HARD ROCKS
7.3.1 MARKET ESTIMATES & FORECAST, 2023-2032
7.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2023-2032
8. GLOBAL LITHIUM MINING MARKET BY TYPE
8.1 INTRODUCTION
8.2 LITHIUM HYDROXIDE
8.2.1 MARKET ESTIMATES & FORECAST, 2023-2032
8.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2023-2032
8.3 LITHIUM CARBONATE
8.3.1 MARKET ESTIMATES & FORECAST, 2023-2032
8.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2023-2032
9. GLOBAL LITHIUM MINING MARKET BY APPLICATION
9.1 INTRODUCTION
9.2 BATTERIES
9.2.1 MARKET ESTIMATES & FORECAST, 2023-2032
9.2.2 MARKET ESTIMATES & FORECAST BY REGION, 2023-2032
9.3 GLASS
9.3.1 MARKET ESTIMATES & FORECAST, 2023-2032
9.3.2 MARKET ESTIMATES & FORECAST BY REGION, 2023-2032
9.4 GREASE
9.4.1 MARKET ESTIMATES & FORECAST, 2023-2032
9.4.2 MARKET ESTIMATES & FORECAST BY REGION, 2023-2032
9.5 AIR CONDITIONING EQUIPMENT
9.5.1 MARKET ESTIMATES & FORECAST, 2023-2032
9.5.2 MARKET ESTIMATES & FORECAST BY REGION, 2023-2032
9.6 OTHERS
9.6.1 MARKET ESTIMATES & FORECAST, 2023-2032
9.6.2 MARKET ESTIMATES & FORECAST BY REGION, 2023-2032
10. GLOBAL LITHIUM MINING MARKET BY REGION
10.1 INTRODUCTION
10.2 NORTH AMERICA
10.2.1 MARKET ESTIMATES & FORECAST, 2023-2032
10.2.2 MARKET ESTIMATES & FORECAST BY SOURCE, 2023-2032
10.2.3 MARKET ESTIMATES & FORECAST BY TYPE, 2023-2032
10.2.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2023-2032
10.2.5 U.S.
10.2.5.1 MARKET ESTIMATES & FORECAST, 2023-2032
10.2.5.2 MARKET ESTIMATES & FORECAST BY SOURCE, 2023-2032
10.2.5.3 MARKET ESTIMATES & FORECAST BY TYPE, 2023-2032
10.2.5.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2023-2032
10.2.6 MEXICO
10.2.6.1 MARKET ESTIMATES & FORECAST, 2023-2032
10.2.6.2 MARKET ESTIMATES & FORECAST BY SOURCE, 2023-2032
10.2.6.3 MARKET ESTIMATES & FORECAST BY TYPE, 2023-2032
10.2.6.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2023-2032
10.2.7 CANADA
10.2.7.1 MARKET ESTIMATES & FORECAST, 2023-2032
10.2.7.2 MARKET ESTIMATES & FORECAST BY SOURCE, 2023-2032
10.2.7.3 MARKET ESTIMATES & FORECAST BY TYPE, 2023-2032
10.2.7.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2023-2032
10.3 EUROPE
10.3.1 MARKET ESTIMATES & FORECAST, 2023-2032
10.3.2 MARKET ESTIMATES & FORECAST BY SOURCE, 2023-2032
10.3.3 MARKET ESTIMATES & FORECAST BY TYPE, 2023-2032
10.3.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2023-2032
10.3.5 GERMANY
10.3.5.1 MARKET ESTIMATES & FORECAST, 2023-2032
10.3.5.2 MARKET ESTIMATES & FORECAST BY SOURCE, 2023-2032
10.3.5.3 MARKET ESTIMATES & FORECAST BY TYPE, 2023-2032
10.3.5.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2023-2032
10.3.6. FRANCE
10.3.6.1 MARKET ESTIMATES & FORECAST, 2023-2032
10.3.6.2 MARKET ESTIMATES & FORECAST BY SOURCE, 2023-2032
10.3.6.3 MARKET ESTIMATES & FORECAST BY TYPE, 2023-2032
10.3.6.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2023-2032
10.3.7 ITALY
10.3.7.1 MARKET ESTIMATES & FORECAST, 2023-2032
10.3.7.2 MARKET ESTIMATES & FORECAST BY SOURCE, 2023-2032
10.3.7.3 MARKET ESTIMATES & FORECAST BY TYPE, 2023-2032
10.3.7.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2023-2032
10.3.8 SPAIN
10.3.8.1 MARKET ESTIMATES & FORECAST, 2023-2032
10.3.8.2 MARKET ESTIMATES & FORECAST BY SOURCE, 2023-2032
10.3.8.3 MARKET ESTIMATES & FORECAST BY TYPE, 2023-2032
10.3.8.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2023-2032
10.3.9 U.K
10.3.9.1 MARKET ESTIMATES & FORECAST, 2023-2032
10.3.9.2 MARKET ESTIMATES & FORECAST BY SOURCE, 2023-2032
10.3.9.3 MARKET ESTIMATES & FORECAST BY TYPE, 2023-2032
10.3.9.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2023-2032
10.3.10 REST OF EUROPE
10.3.10.1 MARKET ESTIMATES & FORECAST, 2023-2032
10.3.10.2 MARKET ESTIMATES & FORECAST BY SOURCE, 2023-2032
10.3.10.3 MARKET ESTIMATES & FORECAST BY TYPE, 2023-2032
10.3.10.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2023-2032
10.4 ASIA PACIFIC
10.4.1 MARKET ESTIMATES & FORECAST, 2023-2032
10.4.2 MARKET ESTIMATES & FORECAST BY SOURCE, 2023-2032
10.4.3 MARKET ESTIMATES & FORECAST BY TYPE, 2023-2032
10.4.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2023-2032
10.4.5 CHINA
10.4.5.1 MARKET ESTIMATES & FORECAST, 2023-2032
10.4.5.2 MARKET ESTIMATES & FORECAST BY SOURCE, 2023-2032
10.4.5.3 MARKET ESTIMATES & FORECAST BY TYPE, 2023-2032
10.4.5.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2023-2032
10.4.6 INDIA
10.4.6.1 MARKET ESTIMATES & FORECAST, 2023-2032
10.4.6.2 MARKET ESTIMATES & FORECAST BY SOURCE, 2023-2032
10.4.6.3 MARKET ESTIMATES & FORECAST BY TYPE, 2023-2032
10.4.6.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2023-2032
10.4.7 JAPAN
10.4.7.1 MARKET ESTIMATES & FORECAST, 2023-2032
10.4.7.2 MARKET ESTIMATES & FORECAST BY SOURCE, 2023-2032
10.4.7.3 MARKET ESTIMATES & FORECAST BY TYPE, 2023-2032
10.4.7.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2023-2032
10.4.8 AUSTRALIA
10.4.8.1 MARKET ESTIMATES & FORECAST, 2023-2032
10.4.8.2 MARKET ESTIMATES & FORECAST BY SOURCE, 2023-2032
10.4.8.3 MARKET ESTIMATES & FORECAST BY TYPE, 2023-2032
10.4.8.4 MARKET ESTIMATES & FORECAST BY APPLICATION 2023-2032
10.4.9 NEW ZEALAND
10.4.9.1 MARKET ESTIMATES & FORECAST, 2023-2032
10.4.9.2 MARKET ESTIMATES & FORECAST BY SOURCE, 2023-2032
10.4.9.3 MARKET ESTIMATES & FORECAST BY TYPE, 2023-2032
10.4.9.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2023-2032
10.4.10 REST OF ASIA PACIFIC
10.4.10.1 MARKET ESTIMATES & FORECAST, 2023-2032
10.4.10.2 MARKET ESTIMATES & FORECAST BY SOURCE, 2023-2032
10.4.10.3 MARKET ESTIMATES & FORECAST BY TYPE, 2023-2032
10.4.10.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2023-2032
10.5 THE MIDDLE EAST & AFRICA
10.5.1 MARKET ESTIMATES & FORECAST, 2023-2032
10.5.2 MARKET ESTIMATES & FORECAST BY SOURCE, 2023-2032
10.5.3 MARKET ESTIMATES & FORECAST BY TYPE, 2023-2032
10.5.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2023-2032
10.5.5 TURKEY
10.5.5.1 MARKET ESTIMATES & FORECAST, 2023-2032
10.5.5.2 MARKET ESTIMATES & FORECAST BY SOURCE, 2023-2032
10.5.5.3 MARKET ESTIMATES & FORECAST BY TYPE, 2023-2032
10.5.5.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2023-2032
10.5.6 ISRAEL
10.5.6.1 MARKET ESTIMATES & FORECAST, 2023-2032
10.5.6.2 MARKET ESTIMATES & FORECAST BY SOURCE, 2023-2032
10.5.6.3 MARKET ESTIMATES & FORECAST BY TYPE, 2023-2032
10.5.6.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2023-2032
10.5.7 NORTH AFRICA
10.5.7.1 MARKET ESTIMATES & FORECAST, 2023-2032
10.5.7.2 MARKET ESTIMATES & FORECAST BY SOURCE, 2023-2032
10.5.7.3 MARKET ESTIMATES & FORECAST BY TYPE, 2023-2032
10.5.7.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2023-2032
10.5.8 GCC
10.5.8.1 MARKET ESTIMATES & FORECAST, 2023-2032
10.5.8.2 MARKET ESTIMATES & FORECAST BY SOURCE, 2023-2032
10.5.8.3 MARKET ESTIMATES & FORECAST BY TYPE, 2023-2032
10.5.8.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2023-2032
10.5.9 REST OF THE MIDDLE EAST & AFRICA
10.5.9.1 MARKET ESTIMATES & FORECAST, 2023-2032
10.5.9.2 MARKET ESTIMATES & FORECAST BY SOURCE, 2023-2032
10.5.9.3 MARKET ESTIMATES & FORECAST BY TYPE, 2023-2032
10.5.9.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2023-2032
10.6 LATIN AMERICA
10.6.1 MARKET ESTIMATES & FORECAST, 2023-2032
10.6.2 MARKET ESTIMATES & FORECAST BY SOURCE, 2023-2032
10.6.3 MARKET ESTIMATES & FORECAST BY TYPE, 2023-2032
10.6.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2023-2032
10.6.5 BRAZIL
10.6.5.1 MARKET ESTIMATES & FORECAST, 2023-2032
10.6.5.2 MARKET ESTIMATES & FORECAST BY SOURCE, 2023-2032
10.6.5.3 MARKET ESTIMATES & FORECAST BY TYPE, 2023-2032
10.6.5.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2023-2032
10.6.6 ARGENTINA
10.6.6.1 MARKET ESTIMATES & FORECAST, 2023-2032
10.6.6.2 MARKET ESTIMATES & FORECAST BY SOURCE, 2023-2032
10.6.6.3 MARKET ESTIMATES & FORECAST BY TYPE, 2023-2032
10.6.6.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2023-2032
10.6.7 REST OF LATIN AMERICA
10.6.7.1 MARKET ESTIMATES & FORECAST, 2023-2032
10.6.7.2 MARKET ESTIMATES & FORECAST BY SOURCE, 2023-2032
10.6.7.3 MARKET ESTIMATES & FORECAST BY TYPE, 2023-2032
10.6.7.4 MARKET ESTIMATES & FORECAST BY APPLICATION, 2023-2032