Lithium Mining Market

Lithium Mining Market Size, Share, Growth Analysis, By Source(Brine, Hardrock), By Type(Chloride, Lithium Hydroxide, Carbonate, Concentrate), By Region - Industry Forecast 2024-2031

Report ID: SQMIG15J2072 | Region: Global | Published Date: April, 2024
Pages: 157 | Tables: 63 | Figures: 75

Lithium Mining Market Competitive Landscape

Only a small number of the current businesses, including SQM, Albemarle Corporation, and Jiangxi Ganfeng Lithium, have made significant investments in new mining technology in an effort to increase customer reach. Manufacturers have emerged in the fragmented lithium mining market. Sociedad Química y Minera, Albemarle Corporation, and Jiangxi Ganfeng Lithium are some of the the top producers in the global lithium mining market when all possible outcomes are taken into account. They are spending money on mining technology research and development. In the upcoming years, they are anticipated to dominate the market.

Lithium Mining Market Top Player's Company Profiles

  • Albemarle Corporation
  • Sociedad Quimica y Minera de Chile S.A.
  • FMC Corporation
  • Tianqi Lithium Corporation
  • Lithium Americas Corp.
  • Galaxy Resources Limited
  • Mineral Resources Limited
  • Orocobre Limited
  • Ganfeng Lithium Co. Ltd.
  • Jiangxi Ganfeng Lithium Co. Ltd.
  • Bacanora Lithium PLC
  • Nemaska Lithium Inc.
  • Altura Mining Limited
  • Pilbara Minerals Limited
  • Critical Elements Corporation
  • Sayona Mining Limited
  • Advantage Lithium Corp.
  • Wealth Minerals Ltd.
  • Avalon Advanced Materials Inc.
  • Bacanora Minerals Ltd.

Lithium Mining Market

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Lithium Mining Market size was valued at USD 343.22 million in 2019 and is poised to grow from USD 363.81 million in 2023 to USD 614.65 million by 2031, growing at a CAGR of 6% in the forecast period (2024-2031).

Only a small number of the current businesses, including SQM, Albemarle Corporation, and Jiangxi Ganfeng Lithium, have made significant investments in new mining technology in an effort to increase customer reach. Manufacturers have emerged in the fragmented lithium mining market. Sociedad Química y Minera, Albemarle Corporation, and Jiangxi Ganfeng Lithium are some of the the top producers in the lithium mining market when all possible outcomes are taken into account. They are spending money on mining technology research and development. In the upcoming years, they are anticipated to dominate the market. 'Albemarle Corporation', 'Sociedad Quimica y Minera de Chile S.A.', 'FMC Corporation', 'Tianqi Lithium Corporation', 'Lithium Americas Corp.', 'Galaxy Resources Limited', 'Mineral Resources Limited', 'Orocobre Limited', 'Ganfeng Lithium Co. Ltd.', 'Jiangxi Ganfeng Lithium Co. Ltd.', 'Bacanora Lithium PLC', 'Nemaska Lithium Inc.', 'Altura Mining Limited', 'Pilbara Minerals Limited', 'Critical Elements Corporation', 'Sayona Mining Limited', 'Advantage Lithium Corp.', 'Wealth Minerals Ltd.', 'Avalon Advanced Materials Inc.', 'Bacanora Minerals Ltd.'

Growing Demand for Lithium to Drive Market in Glass and Ceramic Manufacturing

A critical trend is the rising demand for electric vehicles. Sales of electric vehicles surpassed 2.1 million globally in 2019 and increased the stock to 7.2 million EVs, according to the International Energy Agency's EV Outlook 2020. Electric vehicle sales, which made up 2.6 percent of all vehicle sales and around 1 percent of all vehicle stock in 2019, increased by 40 percent from the previous year. Electric vehicles are significantly expanding as technology in the electrification of two- and three-wheelers, buses, and trucks develops and the market for them expands.

Major nations such as the United States, Canada, Portugal, China, Australia, Argentina, Bolivia, Chile, Brazil, Namibia, Nigeria, and Zimbabwe have all had their markets studied.

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Lithium Mining Market

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