Lithium Mining Market by Source Type (Brines, Hard Rock); by Type (Lithium Hydroxide, Lithium Carbonate); by Application (Batteries, Glass, Grease, Air Conditioning Equipment, etc); by Region (North America, Europe, Asia Pacific, Latin America, MEA) - Global Forecasts 2021 to 2027

Date : Jul 2021

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Report ID : 79

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Category : Chemicals & Materials

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Report Format:  PDF EXCEL PPT WORD

Market Overview:

The Global Lithium Mining Market was valued US$ 3,271.4 Mn and in 2020 is expected to reach US$ 4,655.8 Mn by 2027, with a growing CAGR of 5.2% during the forecast period (2021-2027).

Lithium is a chemical element which has many uses like medicines, grease lubricants, lithium-ion batteries etc. Chile has the biggest lithium reserves in the world followed by Australia, Argentina and China. Lithium is present in almost all rocks in small amounts. It is used to treat mental illnesses like Bipolar disorder, Schizophrenia and eating disorders like anorexia and bulimia. Lithium is also the lightest metal in the world. Lithium-ion batteries are used worldwide in mobiles, laptops and nowadays with companies like Tesla and other companies producing electric vehicles it is used in vehicles as well. Lithium batteries have many useful properties such as long sustainable life, low self-discharge rate, high energy density, being light weight, quick charging etc.

Lithium Mining Market

The Global Lithium Mining Industry Segmentation:

By Source Type

  1. Brines
  2. Hard rock

By Type

  1. Lithium hydroxide
  2. Lithium carbonate

By Application

  1. Batteries
  2. Glass
  3. Grease
  4. Air Conditioning Equipment

By Region

  1. North America
  2. Latin America
  3. Europe
  4. Middle East & Africa
  5. Asia Pacific

Lithium Mining Based on source types, the market is segmented into Brine and hard rock. In the 14 million tons worldwide lithium reserves most part is stored in salt lake brine.

Seawater contains extremely large parts of lithium brine. The demand for lithium has only increased in the past few years. The process of extracting lithium from brine results in massive amount of waste. Brines from salar, salt lake and spodumene are the places from where majority of lithium is extracted. Technological advancements in laptops, mobiles and electric cars has bought the demand of lithium more than it’s mining capacity. The present lithium extraction process is not only energy consuming but also harmful to the environment. Lithium brines can be classified into three types evaporative, geothermal and oilfield brines. Lithium is an element that is considerably abundant on the planet. Many minerals consist of lithium. The largest presence of lithium is found in granitic pegmatites.

Lithium Mining Based on type, the market is segmented into lithium hydroxide and lithium carbonate. Lithium hydroxide is available commercially.

Lithium hydroxide is actually quite dangerous as contact with it can severely damage your skin, eyes etc. Lithium hydroxide is widely used in lubricating greases it is also used breathing gas purification systems. The chemical formula for lithium hydroxide is LiOH with a molar mass of 23.95g. Lithium is also widely used in the production of ceramic glass. Lithium carbonate is mostly used in medicines which are used to treat mental illnesses like bipolar disorder, schizophrenia, these medicines have various side effects too like drowsiness, dizziness, tiredness, increased thirst etc. Lithium carbonate belongs to a class of drugs called bipolar disorder agents. It is advised to use these medicines only under the guidance of doctors.

Based on region, Asia Pacific is expected to be the largest market.

The North American lithium market had gone to a level of 64,200 Tons in 2018. North America which consists of Canada and USA has a population which is overwhelmingly dependant on smartphones, gadgets and is in general very tech driven. Nowadays with emergence of companies like Tesla even their daily commute has become technology based. The revolution of smartphones has reached even in yet to be developed countries of Africa and this makes the demand for lithium even more. At the moment Europe does not indulge in lithium on the same scale as other countries like China, Australia but they are planning to start lithium mining in Austria. If you look at the worldwide picture China has the most consumption of ceramic tiles and glass which is followed by India.

Lithium Mining Market Company profiles and competitive intelligence:

The major players operating in the field are 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.

The report also provides in-depth analysis of Global Lithium Mining Market dynamics such as drivers, restraints opportunities and challenges

Drivers

  1. Increased tech driven lifestyle
  2. Increase in availability of gadgets at cheaper rates

Restraints

  1. Usage of gadgets is promoting a vicarious lifestyle

Opportunities

  1. Increased urbanization in Asian countries
  2. Benefits of working from home

COVID-19 impact on the Global Lithium Mining Market analysis

Ever since the covid pandemic began it has had a mixed effect on the Global Lithium Mining Market. Since the usage of gadgets like smartphones, tablets and laptops has only increased and it has obviously increased the demand for lithium-ion batteries. But the pandemic has definitely affected the production and supply of lithium to various countries. The places where lithium mining takes place, the workers and other staff has to be present there physically and hence it is not exactly a safe working condition. Lithium also has to be transported to wherever it has to be used and the transportation is severely affected because of covid 19. Since China is the leader in battery manufacturing and because China had lockdown during the initial days of covid it has had a negative impact on the entire industry.  The COVID 19 pandemic has not just affected us financially but it has sent shockwaves across political and economical spectrums of various countries around the world.  Since this virus is airborne it has become quite difficult to work in a normal working condition as before. Various aspects of business like production, distribution, manufacturing, supply chain have all been disrupted severely because of the pandemic. Although one positive thing about lithium is that since it is mostly used in mobile phones and laptops and these things have been extensively used even in lockdowns around the world, the demand for it has not gone down drastically.

The report also provides in-depth analysis of key trends in Lithium Mining Market

Sr. No. Trends Impact
1 Increased preference for electric vehicles Positive
2 Working from home proving to be more productive Positive

The Lithium Mining report also provides in-depth analysis of recent news developments and investments

  • Alpha lithium produces lithium products from Tollilar salar in Argentina. Alpha Lithium has generated lab-scale quantities of lithium hydroxide and lithium carbonate from its Tolillar Salar project in Argentina, about 170 km southeast of the city of Salta.

The key players operating in the Lithium Mining market are:

The unique insights provided by this report also includes the following:

  • In-depth value chain analysis
  • Opportunity mapping
  • Sector snapshot
  • Key Players Positioning Matrix
  • Regulatory scenario
  • Strategies Adopted-Benchmarking Heat Map
  • Market trends
  • Covid-19 impact analysis
  • Product comparison
  • Pre & Post COVID 19 impact on Lithium Mining Market
  • Competitive Landscape

Frequently Asked Questions (FAQs)

How big is the Global Lithium Mining Market?

The Global Lithium Mining market was valued at US$ 3,271.4 Mn in 2020 and is anticipated to reach US$ 4,655.8 Mn by 2027.

What is the estimated market growth rate of Global Lithium Mining industry?

The Global Lithium Mining Market is estimated to grow at a compound annual growth rate (CAGR) of 5.2% during 2020-2027.

Who are the key players in the Global Lithium Mining industry?

A few key players in the Global Lithium Mining Market include, but not limited to: Jiangxi Ganfeng Lithium, Albemarle, Tianqi Lithium, Sociedad Quimica y Minera, Mineral Resources Limited, Sichuan Yahua Industrial Group Co Limited, Livent Corporation, Lithium Americas and Pilbara minerals ltd.

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Table of Content Lithium Mining Market:

  1. Market Introduction
    1. Definition
    2. Scope Of The Study
    3. List Of Assumptions
    4. Market Structure
    5. Scope of the Study: Segmentation 
    6. Timeframe, Currency and Limitations
  2. Research Methodology
    1. 3P Research Approach
    2. Market Sizing Approach
    3. Data Sources
    4. Primary Research Coverage
  3. Executive Summary
    1. Market Summary
    2. Market Snapshot
    3. Regional Snapshot
    4. Country Snapshot
  4. Premium Insights
    1. Key Trend Analysis
    2. New revenue Pockets
    3. Pain Point Analysis
    4. Company Market Share Analysis, by Region
    5. Strategies Adopted-Benchmarking Heat Map
    6. Regulatory Landscape
    7. PESTEL Analysis
    8. Regional Lifecycle
    9. Competitive Benchmarking
  5. Market Overview & Competitive Landscape
    1. Competitive Landscape
    2. Investment Scenario by key Players
    3. Key Player Overview
    4. Product comparison
    5. Player Wise Geographic Presence
    6. Player Wise Target Customer Segment
    7. Recent News
      • Product Launches & upgrades
      • R&D / Innovation
      • Merger & Acquisition
      • JV & Partnership
      • Recognition and others
  6. Market Segmentation (Market Size and Share Analysis)
    1. Global Market Size & Historic Growth
    2. Market size by Source Type
      1. Brines
      2. Hard rock
    3. Market size by Type
      1. Lithium Hydroxide
      2. Lithium Carbonate
    4. Market size by Application
      1. Batteries
      2. Glass
      3. Grease
      4. Air Conditioning Equipment
  7. Market Dynamics
    1. Market Drivers
    2. Opportunities
    3. Value Chain Analysis
    4. Pricing Analysis
  8. COVID – 19 Opportunity Mapping
    1. Key Drivers & Anticipated Revival Period
    2. Key Trends Analysis
    3. Impact on End user Industry
    4. Opportunity Analysis
  9. Regional Market Analysis
    1. North America
      1. US
      2. Canada
    2. Europe
      1. UK
      2. Germany
      3. France
      4. Italy
      5. Spain
      6. Rest of Europe
    3. APAC
      1. China
      2. India
      3. Japan
      4. South Korea
      5. Rest of APAC
    4. Latin America
      1. Mexico
      2. Brazil
      3. Argentina
      4. Rest of LATAM
    5. Middle East & Africa
      1. GCC
      2. Rest of MEA
  10. Company Profiles
    1. Jiangxi Ganfeng Lithium
    2. Albemarle
    3. Tianqi Lithium
    4. Sociedad Quimica y Minera
    5. Mineral Resources Limited
    6. Sichuan Yahua Industrial Group Co Limited
    7. Livent Corporation
    8. Lithium America
    9. Pilbara Minerals ltd.

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