Lithium Mining Market Research Report- Forecast to 2030

Lithium Mining Market Research Report by Source (Brines, Hard Rocks), Type (Lithium Hydroxide, Lithium Carbonate), Application (Batteries, Glass, Grease, Air Conditioning Equipment, Others) – Forecast till 2030

ID: MRFR/CnM/3624-HCR | February 2021 | Region: Global | 138 pages

Lithium Mining Market Overview:


Lithium Mining is a process used for obtaining the metal from various sources such as brines, and hard rocks. It is the lightest metal and solid element found in nature. Moreover, its high energy density, thermal resistance, long durability, and minimal maintenance are the important trends and factors influencing the market confidently. Therefore, they are used in various applications such as batteries, glass, grease, air conditioning equipment, and others.


Segmental Analysis:


The Global Lithium Mining Market is segmented into the source, type, and application. On the basis of source, the market is segregated into brines and hard rocks segments. The market by type is further categorized into lithium hydroxide and lithium carbonate segments. The market by application is further categorized into batteries, glass, grease, air conditioning equipment, and others.

Among the various segments in Lithium Mining Market, the brines source segment has witnessed a significant growth due to its efficient and cost-effective process. Due to its economic nature, the manufacturers in various countries have developed their own brines or acquire raw materials from various producers. Moreover, the growing demand for brine source producing lithium is set to dominate the market over the assessment period. The market by type is further classified into lithium hydroxide and lithium carbonate. Among these, lithium hydroxide is leading the market due to superior and high standard performance offered by the product. This product is widely used as a mineral concentrate which makes them suitable for various applications such as glass, ceramics, and metal castings. The market by application is segregated into batteries, glass, grease, air conditioning equipment, and others. The batteries segment is projected to expand at a significant rate due to extensive consumption of the metal in the production of lithium-ion (Li-Ion) batteries, hybrid and electric vehicles (H/EVs), energy storage systems, and others. Moreover, the increasing demand for the metal in greases, ceramic glass, and air-conditioning equipment are projected to drive the market due to its reduced weight and enhanced strength offered by the product.


Key Players:



  • Albemarle Corporation (U.S.)

  • SQM (Chile)

  • FMC Lithium (U.S.)

  • Tianqi Lithium Corporation (China)

  • Jiangxi Ganfeng Lithium Co., Ltd. (China)

  • LITHIUM AMERICAS (Canada.)

  • MGX Minerals Inc (Canada)

  • Nemaska Lithium (Canada)

  • Galaxy Resources Limited (Australia)

  • Wealth Minerals Ltd (Canada)


The Global Lithium Mining Market Share by Application:Lithium Mining Market


Regional Analysis:


The Lithium Mining Market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the major share of the market due to the growing adoption of lightweight metal in batteries, glass, grease, air conditioning equipment, others, and others. The batteries segment holds the major portion and is anticipated to continue its dominance in the market due to extraordinary features offered by the metal such as high efficiency, energy density, and other characteristics. Therefore, countries such as China, Japan, South Korea, and India are the major players in this market.


The North American region is growing significantly due to growing production of lithium-ion batteries in electrical & electronics industries. It is predicted that growing investments in the end-use industries is likely to drive the market during the forecast period. The growing consumption of the metal in glass, grease, and air conditioning equipment segments has propelled the growth in countries such as the U.S, Canada, and Mexico to achieve a stunning growth in the market because they provide unique lightweight, thermal resistance, and high standard performance to the product.


The European market has observed a remarkable growth due to stringent rules and regulations implemented by the regional governments to follow lightweight products in end-use industries. The market has been driven by the application of this rule in batteries, glass, grease, air conditioning equipment segments. It is estimated that the growing innovation and technological advancement in lithium-ion batteries, and other products are predicted to propel the growth in the countries such as the U.K, Italy, Germany, and France during the forecast period.


The Middle East & Africa region is estimated to witness a recognized development in the market due to the growing consumption of reduced weight metal in smartphones, tablets, and other electronic gadgets Moreover, Latin America is anticipated to witness a higher growth in the market due to increasing demand for lithium in the end-use industries.


Geographical Analysis:


The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.


Intended Audience



  • Lithium Mining  Market Manufacturers

  • Traders and Distributors of Lithium Mining  Market

  • Production Process Industries

  • Potential Investors

  • Raw Material Suppliers

  • Nationalized Laboratory



Report Scope:
Report Attribute/Metric Details
  Market Size   2030: Significant Value
  CAGR   Substantial CAGR (2022-2030)
  Base Year   2021
  Forecast Period   2022 to 2030
  Historical Data   2019 & 2020
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   Type and application
  Geographies Covered   Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa
  Key Vendors   Albemarle Corporation (U.S.), SQM (Chile), FMC Lithium (U.S.), Tianqi Lithium Corporation (China), Jiangxi Ganfeng Lithium Co., Ltd. (China), LITHIUM AMERICAS (Canada.), MGX Minerals Inc (Canada), Nemaska Lithium (Canada), Galaxy Resources Limited (Australia), Wealth Minerals Ltd (Canada)
  Key Market Opportunities   Its high energy density, thermal resistance, long durability, and minimal maintenance are the important trends and factors influencing the market confidently
  Key Market Drivers   The growing demand for brine source producing lithium is set to dominate the market over the assessment period.


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Frequently Asked Questions (FAQ) :


Lithium is mainly used in batteries, glass, grease, and air conditioning equipment, among others. The batteries application is the leading segment in the global lithium mining market.

Brines is the leading segment of the lithium market by source.

Lithium hydroxide is the dominant segment of the market in this regard, followed by lithium carbonate.

Asia Pacific holds the largest share in the global lithium mining market due to the growing demand in battery production.

Leading players in the lithium mining market include SQM, Albemarle Corporation, FMC Lithium, Lithium Americas, Nemaska Lithium, and Galaxy Resources Ltd.

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


Global Lithium mining Market by Source


7.1 Introduction

7.2 Brines

7.2.1 Market Estimates & Forecast, 2020-2027

7.2.2 Market Estimates & Forecast by Region, 2020-2027

7.3 Hard rocks

7.3.1 Market Estimates & Forecast, 2020-2027

7.3.2 Market Estimates & Forecast by Region, 2020-2027


Global Lithium mining Market by Type


8.1 Introduction

8.2 Lithium hydroxide

8.2.1 Market Estimates & Forecast, 2020-2027

8.2.2 Market Estimates & Forecast by Region, 2020-2027

8.3 Lithium carbonate

8.3.1 Market Estimates & Forecast, 2020-2027

8.3.2 Market Estimates & Forecast by Region, 2020-2027


Global Lithium mining Market by Application


9.1 Introduction

9.2 Batteries

9.2.1 Market Estimates & Forecast, 2020-2027

9.2.2 Market Estimates & Forecast by Region, 2020-2027

9.3 Glass

9.3.1 Market Estimates & Forecast, 2020-2027

9.3.2 Market Estimates & Forecast by Region, 2020-2027

9.4 Grease

9.4.1 Market Estimates & Forecast, 2020-2027

9.4.2 Market Estimates & Forecast by Region, 2020-2027

9.5 Air conditioning equipment

9.5.1 Market Estimates & Forecast, 2020-2027

9.5.2 Market Estimates & Forecast by Region, 2020-2027

9.6 Others

9.6.1 Market Estimates & Forecast, 2020-2027

9.6.2 Market Estimates & Forecast by Region, 2020-2027


Global Lithium mining Market by Region


10.1 Introduction

10.2 North America

10.2.1 Market Estimates & Forecast, 2020-2027

10.2.2 Market Estimates & Forecast by Source, 2020-2027

10.2.3 Market Estimates & Forecast by Type, 2020-2027

10.2.4 Market Estimates & Forecast by Application, 2020-2027

10.2.5 U.S.

10.2.5.1 Market Estimates & Forecast, 2020-2027

10.2.5.2 Market Estimates & Forecast by Source, 2020-2027

10.2.5.3 Market Estimates & Forecast by Type, 2020-2027

10.2.5.4 Market Estimates & Forecast by Application, 2020-2027

10.2.6 Mexico

10.2.6.1 Market Estimates & Forecast, 2020-2027

10.2.6.2 Market Estimates & Forecast by Source, 2020-2027

10.2.6.3 Market Estimates & Forecast by Type, 2020-2027

10.2.6.4 Market Estimates & Forecast by Application, 2020-2027

10.2.7 Canada

10.2.7.1 Market Estimates & Forecast, 2020-2027

10.2.7.2 Market Estimates & Forecast by Source, 2020-2027

10.2.7.3 Market Estimates & Forecast by Type, 2020-2027

10.2.7.4 Market Estimates & Forecast by Application, 2020-2027

10.3 Europe

10.3.1 Market Estimates & Forecast, 2020-2027

10.3.2 Market Estimates & Forecast by Source, 2020-2027

10.3.3 Market Estimates & Forecast by Type, 2020-2027

10.3.4 Market Estimates & Forecast by Application, 2020-2027

10.3.5 Germany

10.3.5.1 Market Estimates & Forecast, 2020-2027

10.3.5.2 Market Estimates & Forecast by Source, 2020-2027

10.3.5.3 Market Estimates & Forecast by Type, 2020-2027

10.3.5.4 Market Estimates & Forecast by Application, 2020-2027

10.3.6. France

10.3.6.1 Market Estimates & Forecast, 2020-2027

10.3.6.2 Market Estimates & Forecast by Source, 2020-2027

10.3.6.3 Market Estimates & Forecast by Type, 2020-2027

10.3.6.4 Market Estimates & Forecast by Application, 2020-2027

10.3.7 Italy

10.3.7.1 Market Estimates & Forecast, 2020-2027

10.3.7.2 Market Estimates & Forecast by Source, 2020-2027

10.3.7.3 Market Estimates & Forecast by Type, 2020-2027

10.3.7.4 Market Estimates & Forecast by Application, 2020-2027

10.3.8 Spain

10.3.8.1 Market Estimates & Forecast, 2020-2027

10.3.8.2 Market Estimates & Forecast by Source, 2020-2027

10.3.8.3 Market Estimates & Forecast by Type, 2020-2027

10.3.8.4 Market Estimates & Forecast by Application, 2020-2027

10.3.9 U.K

10.3.9.1 Market Estimates & Forecast, 2020-2027

10.3.9.2 Market Estimates & Forecast by Source, 2020-2027

10.3.9.3 Market Estimates & Forecast by Type, 2020-2027

10.3.9.4 Market Estimates & Forecast by Application, 2020-2027

10.3.10 Rest of Europe

10.3.10.1 Market Estimates & Forecast, 2020-2027

10.3.10.2 Market Estimates & Forecast by Source, 2020-2027

10.3.10.3 Market Estimates & Forecast by Type, 2020-2027

10.3.10.4 Market Estimates & Forecast by Application, 2020-2027

10.4 Asia Pacific

10.4.1 Market Estimates & Forecast, 2020-2027

10.4.2 Market Estimates & Forecast by Source, 2020-2027

10.4.3 Market Estimates & Forecast by Type, 2020-2027

10.4.4 Market Estimates & Forecast by Application, 2020-2027

10.4.5 China

10.4.5.1 Market Estimates & Forecast, 2020-2027

10.4.5.2 Market Estimates & Forecast by Source, 2020-2027

10.4.5.3 Market Estimates & Forecast by Type, 2020-2027

10.4.5.4 Market Estimates & Forecast by Application, 2020-2027

10.4.6 India

10.4.6.1 Market Estimates & Forecast, 2020-2027

10.4.6.2 Market Estimates & Forecast by Source, 2020-2027

10.4.6.3 Market Estimates & Forecast by Type, 2020-2027

10.4.6.4 Market Estimates & Forecast by Application, 2020-2027

10.4.7 Japan

10.4.7.1 Market Estimates & Forecast, 2020-2027

10.4.7.2 Market Estimates & Forecast by Source, 2020-2027

10.4.7.3 Market Estimates & Forecast by Type, 2020-2027

10.4.7.4 Market Estimates & Forecast by Application, 2020-2027

10.4.8 Australia

10.4.8.1 Market Estimates & Forecast, 2020-2027

10.4.8.2 Market Estimates & Forecast by Source, 2020-2027

10.4.8.3 Market Estimates & Forecast by Type, 2020-2027

10.4.8.4 Market Estimates & Forecast by Application 2020-2027

10.4.9 New Zealand

10.4.9.1 Market Estimates & Forecast, 2020-2027

10.4.9.2 Market Estimates & Forecast by Source, 2020-2027

10.4.9.3 Market Estimates & Forecast by Type, 2020-2027

10.4.9.4 Market Estimates & Forecast by Application, 2020-2027

10.4.10 Rest of Asia Pacific

10.4.10.1 Market Estimates & Forecast, 2020-2027

10.4.10.2 Market Estimates & Forecast by Source, 2020-2027

10.4.10.3 Market Estimates & Forecast by Type, 2020-2027

10.4.10.4 Market Estimates & Forecast by Application, 2020-2027

10.5 The Middle East & Africa

10.5.1 Market Estimates & Forecast, 2020-2027

10.5.2 Market Estimates & Forecast by Source, 2020-2027

10.5.3 Market Estimates & Forecast by Type, 2020-2027

10.5.4 Market Estimates & Forecast by Application, 2020-2027

10.5.5 Turkey

10.5.5.1 Market Estimates & Forecast, 2020-2027

10.5.5.2 Market Estimates & Forecast by Source, 2020-2027

10.5.5.3 Market Estimates & Forecast by Type, 2020-2027

10.5.5.4 Market Estimates & Forecast by Application, 2020-2027

10.5.6 Israel

10.5.6.1 Market Estimates & Forecast, 2020-2027

10.5.6.2 Market Estimates & Forecast by Source, 2020-2027

10.5.6.3 Market Estimates & Forecast by Type, 2020-2027

10.5.6.4 Market Estimates & Forecast by Application, 2020-2027

10.5.7 North Africa

10.5.7.1 Market Estimates & Forecast, 2020-2027

10.5.7.2 Market Estimates & Forecast by Source, 2020-2027

10.5.7.3 Market Estimates & Forecast by Type, 2020-2027

10.5.7.4 Market Estimates & Forecast by Application, 2020-2027

10.5.8 GCC

10.5.8.1 Market Estimates & Forecast, 2020-2027

10.5.8.2 Market Estimates & Forecast by Source, 2020-2027

10.5.8.3 Market Estimates & Forecast by Type, 2020-2027

10.5.8.4 Market Estimates & Forecast by Application, 2020-2027

10.5.9 Rest of the Middle East & Africa

10.5.9.1 Market Estimates & Forecast, 2020-2027

10.5.9.2 Market Estimates & Forecast by Source, 2020-2027

10.5.9.3 Market Estimates & Forecast by Type, 2020-2027

10.5.9.4 Market Estimates & Forecast by Application, 2020-2027

10.6 Latin America

10.6.1 Market Estimates & Forecast, 2020-2027

10.6.2 Market Estimates & Forecast by Source, 2020-2027

10.6.3 Market Estimates & Forecast by Type, 2020-2027

10.6.4 Market Estimates & Forecast by Application, 2020-2027

10.6.5 Brazil

10.6.5.1 Market Estimates & Forecast, 2020-2027

10.6.5.2 Market Estimates & Forecast by Source, 2020-2027

10.6.5.3 Market Estimates & Forecast by Type, 2020-2027

10.6.5.4 Market Estimates & Forecast by Application, 2020-2027

10.6.6 Argentina

10.6.6.1 Market Estimates & Forecast, 2020-2027

10.6.6.2 Market Estimates & Forecast by Source, 2020-2027

10.6.6.3 Market Estimates & Forecast by Type, 2020-2027

10.6.6.4 Market Estimates & Forecast by Application, 2020-2027

10.6.7 Rest of Latin America

10.6.7.1 Market Estimates & Forecast, 2020-2027

10.6.7.2 Market Estimates & Forecast by Source, 2020-2027

10.6.7.3 Market Estimates & Forecast by Type, 2020-2027

10.6.7.4 Market Estimates & Forecast by Application, 2020-2027


Company Landscape

Company Profiles


12.1 Albemarle Corporation

12.1.1 Company Overview

12.1.2 Source/Business Segment Overview

12.1.3 Financial Updates

12.1.4 Key Developments

12.2 SQM

12.2.1 Company Overview

12.2.2 Source/Business Segment Overview

12.2.3 Financial Updates

12.2.4 Key Developments

12.3 FMC Lithium

12.3.1 Company Overview

12.3.2 Source/Business Segment Overview

12.3.3 Financial Updates

12.3.4 Key Developments

12.4 Tianqi Lithium Corporation

12.4.1 Company Overview

12.4.2 Source/Business Segment Overview

12.4.3 Financial Updates

12.4.4 Key Developments

12.5 Jiangxi Ganfeng Lithium Co., Ltd.

12.5.1 Company Overview

12.5.2 Source/Business Segment Overview

12.5.3 Financial Updates

12.5.4 Key Developments

12.6 LITHIUM AMERICAS

12.6.1 Company Overview

12.6.2 Source/Business Segment Overview

12.6.3 Financial Updates

12.6.4 Key Developments

12.7 MGX Minerals Inc

12.7.1 Company Overview

12.7.2 Source/Business Segment Overview

12.7.3 Financial Updates

12.7.4 Key Developments

12.8 Nemaska Lithium

12.8.1 Company Overview

12.8.2 Source/Business Segment Overview

12.8.3 Financial Updates

12.8.4 Key Developments

12.9 Galaxy Resources Limited

12.9.1 Company Overview

12.9.2 Source/Business Segment Overview

12.9.3 Financial Updates

12.9.4 Key Developments

12.10 Wealth Minerals Ltd

12.10.1 Company Overview

12.10.2 Source/Business Segment Overview

12.10.3 Financial Updates

12.10.4 Key Developments

12.11 EXIDE INDUSTRIES LTD

12.11.1 Company Overview

12.11.2 Source/Business Segment Overview

12.11.3 Financial Updates

12.11.4 Key Developments

12.12 HBL Power Systems Ltd

12.12.1 Company Overview

12.12.2 Source/Business Segment Overview

12.12.3 Financial Updates

12.12.4 Key Developments

12.13 BASE BATTERIES

12.13.1 Company Overview

12.13.2 Source/Business Segment Overview

12.13.3 Financial Updates

12.13.4 Key Developments

12.14 OKAYA POWER PVT, LTD

12.14.1 Company Overview

12.14.2 Source/Business Segment Overview

12.14.3 Financial Updates

12.14.4 Key Developments

12.15 Su-Kam Power Systems Ltd

12.15.1 Company Overview

12.15.2 Source/Business Segment Overview

12.15.3 Financial Updates

12.15.4 Key Developments

13 Conclusion


List of Tables:

Table 1 World Population by Major Regions (2020 To 2030)

Table 2 Global Lithium mining Market: By Region, 2020-2027

Table 3 North America Lithium mining Market: By Country, 2020-2027

Table 4 Europe Lithium mining Market: By Country, 2020-2027

Table 5 Asia-Pacific Lithium mining Market: By Country, 2020-2027

Table 6 Middle East & Africa Lithium mining Market: By Country, 2020-2027

Table 7 Latin America Lithium mining Market: By Country, 2020-2027

Table 8 Global Lithium mining by Source Market: By Regions, 2020-2027

Table 9 North America Lithium mining by Source Market: By Country, 2020-2027

Table10 Europe Lithium mining by Source Market: By Country, 2020-2027

Table11 Asia-Pacific Lithium mining by Source Market: By Country, 2020-2027

Table12 Middle East & Africa Lithium mining by Source Market: By Country, 2020-2027

Table13 Latin America Lithium mining by Source Market: By Country, 2020-2027

Table14 Global Lithium mining by Type Market: By Regions, 2020-2027

Table15 North America Lithium mining by Type Market: By Country, 2020-2027

Table16 Europe Lithium mining by Type Market: By Country, 2020-2027

Table17 Asia-Pacific Lithium mining by Type Market: By Country, 2020-2027

Table18 Middle East & Africa Lithium mining by Type Market: By Country, 2020-2027

Table19 Latin America Lithium mining by Type Market: By Country, 2020-2027

Table20 Global Lithium mining by Application Market: By Regions, 2020-2027

Table21 North America Lithium mining for Application Market: By Country, 2020-2027

Table22 Europe Lithium mining for Application Market: By Country, 2020-2027

Table23 Asia-Pacific Lithium mining for Application Market: By Country, 2020-2027

Table24 Middle East & Africa Lithium mining for Application Market: By Country, 2020-2027

Table25 Latin America Lithium mining for Application Market: By Country, 2020-2027

Table26 Global Source Market: By Region, 2020-2027

Table27 Global Type Market: By Region, 2020-2027

Table28 Global Application Market: By Region, 2020-2027

Table29 North America Lithium mining Market, By Country

Table30 North America Lithium mining Market, By Source

Table31 North America Lithium mining Market, By Type

Table32 North America Lithium mining Market, By Application

Table33 Europe: Lithium mining Market, By Country

Table34 Europe: Lithium mining Market, By Source

Table35 Europe: Lithium mining Market, By Type

Table36 Europe: Lithium mining Market, By Application

Table37 Asia-Pacific: Lithium mining Market, By Country

Table38 Asia-Pacific: Lithium mining Market, By Source

Table39 Asia-Pacific: Lithium mining Market, By Type

Table40 Asia-Pacific: Lithium mining Market, By Application

Table41 Middle East & Africa: Lithium mining Market, By Country

Table42 Middle East & Africa Lithium mining Market, By Source

Table43 Middle East & Africa Lithium mining Market, By Type

Table44 Middle East & Africa: Lithium mining Market, By Application

Table45 Latin America: Lithium mining Market, By Country

Table46 Latin America Lithium mining Market, By Source

Table47 Latin America Lithium mining Market, By Type

Table48 Latin America: Lithium mining Market, By Application


List of Figures:

FIGURE 1 Global Lithium mining market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Lithium mining Market

FIGURE 4 Value Chain of Global Lithium mining Market

FIGURE 5 Share of Global Lithium mining Market in 2020, by country (in %)

FIGURE 6 Global Lithium mining Market, 2020-2027,

FIGURE 7 Sub segments of Source

FIGURE 8 Global Lithium mining Market size by Source, 2020

FIGURE 9 Share of Global Lithium mining Market by Source, 2020-2027

FIGURE 10 Global Lithium mining Market size by Type, 2020

FIGURE 11 Share of Global Lithium mining Market by Type, 2020-2027

FIGURE 12 Global Lithium mining Market size by Application, 2020

FIGURE 13 Share of Global Lithium mining Market by Application, 2020-2027