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Lithium Mining Market - 2018-2026

 

Lithium Mining Industry:

 Lithium mining is the extraction of lithium from various sources such as hard rocks and brines. Producing lithium from brines is a cost-effective and the most efficient process. Byproducts extracted from lithium mining include saleable compounds such as boron or potash. Other alternative sources used to extract lithium are heavy oil wastewater and hydraulic fracturing brine. Further, the increasing use of lithium in lubricants, batteries, and steel and aluminum production, and others, is creating opportunities for the lithium mining market in the coming years. Lithium market is continuing to grow at a healthy rate with growing demand for large number of batteries globally. According to the estimates, the global lithium mining market is poised to grow at a CAGR of 4.1% during the forecast period.

Based on the source, lithium is mainly extracted from brine water sources such as seawater and groundwater, and other surface water sources. Among brine water sources, briny lakes offer the highest concentration of lithium. However, lithium mining is affected by changing weather conditions, which is restraining the demand for lithium mining from brine deposits in recent years. Further, the hard rock lithium deposit is expected to witness the fastest growth during the forecast period. Hard rock lithium deposits are less dependent on changing climate for production and are evenly distributed across the globe. Owing to this, lithium mining from hard rocks is expected to grow in the coming years.

Key factors driving the market growth include the accelerating demand for electric vehicles, growing usage and demand from portable consumer electronics, increasing demand from the glass-making industry, and many others.

The growing adoption of electric vehicles (EVs) is driven by the rising concerns for the environment, as these vehicles help reduce carbon emission levels. Governments across the world are implementing stringent emission norms, to control and reduce carbon emissions, thereby augmenting the growth of the market.
SQM has been facing the threat of early termination of lease, due to an arbitration case at its Atacama operations unit. New supply facilities are also facing challenges and delays, such as at Orocobre's operations in Argentina, which is estimated to produce 200 kilo metric ton/annum of advanced stage development capacity by 2020. However, this is too short to meet the estimated demand growth during the forecast period, which is likely to create an impact on lithium prices in the next few years, thus hindering the market growth.
Grid management is a concept where service providers use energy storage to help distribute grid facilities smartly, resiliently, and reliably. Most of the grid management projects being developed are trial projects. The grid management projects are expected to start in the next few years, thus drastically increasing the usage of lithium-ion batteries for energy storage. These applications are projected to act as an opportunity for the market, in the future.

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Top Key Players Of Lithium Mining Industry:

Albemarle Corporation
SQM
FMC Lithium
Tianqi Lithium Corporation
Jiangxi Ganfeng Lithium Co., Ltd.
LITHIUM AMERICAS
MGX Minerals Inc
Nemaska Lithium
Galaxy Resources Limited
Wealth Minerals Ltd
EXIDE INDUSTRIES LTD

Scope of the Report

Based on the application, the global lithium mining market is segmented as batteries, glass, air conditioning equipment, grease and chemicals, and others. Among these majority of the lithium is used in battery making. According to the research, lithium ion battery is already worth US$ 31.8 billion in 2018 and will grow at 6.9% during the timeframe. Demand will rise from electronic industry as well as transportation sector. New energy vehicles has become a norm in most parts of country. This will positively impact the demand for lithium globally.

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Key Market Trends | Growth | Share | Sale | Revenue | Manufactures | Technology Component

Emerging Market of Electric Vehicles

Electric vehicles have been increasingly used in most developed economies, and are fast replacing traditional vehicles. Lithium batteries can be categorized into two segments, namely, disposable and rechargeable. Disposable lithium batteries use lithium in the metallic form, as an anode, and these batteries have a long life (high charge density) compared to other standard batteries.
Lithium is used in high-energy density, rechargeable lithium-ion batteries, which power the batteries in full-electric, plug-in hybrid, and hybrid vehicles (EVs, PEV, and HEVs), respectively. Due to the growth in EV technology, as well as concerns over increased CO2 pollution from combustion engines and rising fuel costs, lithium has been put into widespread use in EV batteries.
The major regions in which the production of electric vehicles is prominent include the European countries, such as Norway, Iceland, Sweden, and Belgium, among others. It is estimated that Norway accounted for almost one-third of the total market share in 2018. This is expected to see a sharp surge in the coming years, due to the environment viable nature of electric vehicles, over other petrol/diesel-based cars in the automotive sector.
Lithium-ion battery used in electric vehicles has a rechargeable nature and commendable lifetime. Moreover, EVs can also use rapid charging points that can top up the batteries to 80% capacity in around 30 minutes. All the aforementioned factors have helped electric vehicles gain popularity.
Some of the major manufacturers of EV battery are Tesla, Nissan, General Motors, Volkswagen, and BMW, among others.
All the aforementioned factors are expected to drive the global market, during the forecast period.

Based on the type, lithium hydroxide dominated the market in 2018, owing to the high standard and superior performance offered by the product. This product is widely used in glass, metal castings, and others. Based on applications, the battery segment holds a significant share owing to the high consumption of the metal in the production of electric and hybrid vehicles, energy storage systems, lithium-ion batteries, and others.

Asia-Pacific Region to Dominate the Market

In 2018, the Asia-Pacific region was the largest consumer of lithium, globally, with majority of the consumption coming from China. China has salt lakes in Qinghai province, spodumene resources mainly in Xinjiang and Sichuan province, and lepidolite in Jiangxi province. The Indian lithium industry is expected to witness significant growth in the region, during forecast period, after China. Rise in technological developments and increasing need for cleaner energy sources have brought li-ion batteries on the forefront across various industries, as well as end-use sectors.  Japan is one of the prominent regions for the lithium battery market, along with China and Korea, occupying a 96% market share in terms of battery capacity shipments. Lithium carbonate consumption decreased, owing to slower than anticipated growth of lithium-ion batteries in electric vehicles, and the continued transfer of lithium-ion battery manufacturing plants from Japan to China. Japan's lithium metal consumption decreased, owing to the relocation of primary battery manufacturing plants from Japan to Indonesia. Emerging economies are expected to increase the consumption of lithium in various end-use products. Owing to the increasing population, increase in regional acceptance of solar thermal and solar electric technologies (renewable heat) in emerging countries, such as Pakistan, Bangladesh, Nepal, Sri Lanka, Cambodia, Laos, etc., are expected to increase the consumption of lithium in energy storage, in the coming years. 

Asia pacific dominated the market in 2018 and is expected to show similar trends during the forecast period. The increasing adoption of lightweight metals in batteries, glass, grease, and others is driving the growth of the lithium mining market in the region. China is leading the Asia market as the region has highly concentrated lithium deposits.

North America is another big market for companies. Various companies are already setting up production plant for batteries. In 2018, Tesla and Samsung Collaborated to produce batteries so as to meet requirement for energy vehicles. These development has further solidified the market presence of lithium in the region. European market is growing at a stable growth. Demand for lithium in the region is arising owing to government stringent regulations coupled with demand for lightweight products in end-use industries. There are range of companies in battery, glass and grease manufacturing in Europe. The organized manufacturing cluster will continue to create demand for lithium in the region. UK, Germany, Italy are the prominent market in Europe lithium mining market. Middle East and Latin America accounted for less than 9% share. Brazil, Argentina and GCC are key destination for lithium mining players.

Some key players covered in the report are Wealth Minerals Ltd, FMC Lithium, MGX Minerals Inc, Tianqi Lithium Corporation, Jiangxi Ganfeng Lithium Co., Ltd., Albemarle Corporation, SQM, Nemaska Lithium, and Galaxy Resources Limited.

Competitive Landscape

The lithium market is oligopoly, with four of the major players accounting for more than 90% of the market. Key players in the lithium market include Jiangxi Ganfeng Lithium Co. Ltd, Albemarle Corporation, SQM, Sichuan Tianqi Lithium Industries Inc., FMC Corporation, Avalon Advanced Materials Inc., Critical Elements Corporation, Lithium Americas, and Sayona Mining Ltd, among others.

The study is a source of reliable data on:

Market segments and sub-segments
Market trends and dynamics Supply and demand
Market size Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis

Available Customizations:

With the given market data, We offers customizations as per the company's specific needs. The following customization options are available for the report:

Product Analysis: Product matrix, which gives a detailed comparison of the product portfolios of each company
Geographic Analysis: Further breakdown of the European, Asia Pacific, and the Rest of the World segments into their respective countries for this market
Company Information: Detailed analysis and profiling of additional market players (up to 5)
Volume Data: Customization options for volume data (number of units sold) and customization options for volume data (number of tests)
Opportunities Assessment: A detailed report underlining the various growth opportunities presented in the market

 The report includes six parts, dealing with:
1.) Basic Information
2.) The Asia Lithium Mining Speaker Market
3.) The North American Lithium Mining Speaker Market
4.) The European Lithium Mining Speaker Market
5.) Market Entry And Investment Feasibility
6.) The Report Conclusion

 

Table of Content: Lithium Mining Market 2026

1 Study Coverage

2 Executive Summary 

3 Breakdown Data by Manufacturers 

4 Breakdown Data by Type 

5 Breakdown Data by Application 

…

11 Company Profiles 

12 Future Forecast 

13 Market Opportunities, Challenges, Risks and Influences Factors Analysis 

14 Value Chain and Sales Channels Analysis 

15 Research Findings and Conclusion

16 Appendix 

Continued …

The key insights of The Report Research:

1.The report Research provides key statistics on the market status of the Lithium Mining manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
2.The report Research provides a basic overview of the industry including its definition, applications and manufacturing technology.
3.The report Research presents the company profile, product specifications, capacity, production value, and 2018-2018 market shares for key vendors.
4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
5.The report Research estimates 2018-2026 market development trends of Lithium Mining industry.
6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out
7.The report Research makes some important proposals for a new project of Lithium Mining Industry before evaluating its feasibility.

Reasons to Purchase this Report:

* Analyzing the outlook of the market with the recent trends and SWOT analysis
* Market dynamics scenario, along with growth opportunities of the market in the years to come
* Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
* Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
* Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
* Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
* Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
* 1-year analyst support, along with the data support in excel format.

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