What is the global market size of Lithium Mining Market?

Lithium Mining Market size was valued at USD 343.22 million in 2021 and is poised to grow from USD 363.81 million in 2022 to USD 614.65 million by 2030, growing at a CAGR of 6% in the forecast period (2023-2030).

What is the key driver of Global Lithium Mining Market?

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

Lithium Mining Companies

Lithium Mining Market Competitive Landscape

Lithium Mining Market Top Player's Company Profiles

Albemarle Corporation
Sociedad Química y Minera de Chile (SQM)
Ganfeng Lithium Co., Ltd.
Tianqi Lithium Corporation
Mineral Resources Limited
Pilbara Minerals Limited
Livent Corporation
Orocobre Limited
Galaxy Resources Limited
Lithium Americas Corp.
Piedmont Lithium Inc.
Nemaska Lithium Inc.
AVZ Minerals Limited
Sayona Mining Limited
Sigma Lithium Corporation
Neo Lithium Corp.
Critical Elements Lithium Corporation
European Lithium Limited
Global Lithium Resources Limited
Lake Resources NL

Lithium Mining Market

FAQs

Global Lithium Mining Market size was valued at USD 1.66 billion in 2022 and is poised to grow from USD 1.78 billion in 2023 to USD 3.16 billion by 2031, growing at a CAGR of 7.4% during 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 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. 'Albemarle Corporation ', 'Sociedad Química y Minera de Chile (SQM) ', 'Ganfeng Lithium Co., Ltd. ', 'Tianqi Lithium Corporation ', 'Mineral Resources Limited ', 'Pilbara Minerals Limited ', 'Livent Corporation ', 'Orocobre Limited ', 'Galaxy Resources Limited ', 'Lithium Americas Corp. ', 'Piedmont Lithium Inc. ', 'Nemaska Lithium Inc. ', 'AVZ Minerals Limited ', 'Sayona Mining Limited ', 'Sigma Lithium Corporation ', 'Neo Lithium Corp. ', 'Critical Elements Lithium Corporation ', 'European Lithium Limited ', 'Global Lithium Resources Limited ', 'Lake Resources NL'

In order to reduce firing temperatures and thermal expansion, increase the strength of ceramic bodies, enhance coating viscosity, and improve the colour, tenacity, and lustre of glazes, lithium compounds, specifically carbonate and spodumene, are increasingly used in glass and ceramics.

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 Global 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 Size, Share, Growth Analysis, By Source (Hard Rock, Brine), By Type (Lithium Carbonate, Lithium Hydroxide), By End Use, By Region - Industry Forecast 2024-2031

Lithium Mining Market Competitive Landscape

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Lithium Mining Market Size, Share, Growth Analysis, By Source (Hard Rock, Brine), By Type (Lithium Carbonate, Lithium Hydroxide), By End Use, By Region - Industry Forecast 2024-2031

Lithium Mining Market Competitive Landscape

Lithium Mining Market Report Snapshots

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What is the global market size of Lithium Mining Market?

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