LONDON, May 12, 2022 (GLOBE NEWSWIRE) -- The tremendous utility and widespread applications of lithium across a plethora of industries are encouraging lithium mining activities across the globe. Over the course of the coming decade, lithium mining is expected to attract the attention of several key investors and capitalists. However, expansion of the global lithium mining market can be strained by growing backlash against the environment dangers posed by such mining. In recent years, efforts to give a sustainable workaround to lithium mining activities have invigorated the growth of the market. Regions that host lithium mining activities on a large scale have witnessed sparkling night skies. Australia and South America are important territories with a large share of lithium mining reserves.
Fairfield Market Research conducted extensive research to find that the global lithium mining market would touch a value of US$1,630.30 Mn by 2025, growing by leaps and bounds from a value of US$829.73 Mn in 2019. The CAGR of the global lithium mining market is tabulated at 26.3% for the term between 2020 and 2025.
Looking For a Sample Copy of This Report? Request the Same Here: https://www.fairfieldmarketresearch.com/report/lithium-mining-market/request-sample
Global Lithium Mining Market: Notable Trends and Highlights
- Price of lithium has dipped by a tremendous margin, exhibiting an 89% decrease over 2010 to 2020. Lower price of lithium has enhanced the prospects of growth within the electric vehicle (EV) industry.
- In 2019, owing to the large number of lithium mining reserves, Australia accounted for 50% of the total global production.
- Bolivia is believed to hold 50% of the world’s lithium reserves, but has failed at optimally utilizing this potential for lithium mining.
Asia Pacific to Emerge as a Dominant Regional Market
The terrain and climate across several parts of Asia Pacific favor lithium mining activities. Australia has emerged as a prominent region hosting several mining reserves. Latin America is also exhibiting lucrative opportunities for vendors looking to invest in the lithium mining market. The triad of Bolivia, Chile, and Argentina has emerged as a distinct area for carrying out lithium mining. Therefore, the sales index of the lithium mining market in Asia Pacific and Latin America is slated to improve in the times to follow. Large producers of lithium are eyeing to capitalize on the favourabiliy of these regions for lithium mining.
Some of the notable players competing in the global lithium mining market are Tianqi Lithium, SQM S.A., Albemarle Corporation, Ganfeng Lithium Co., Ltd., and Mineral Resources.
Do You Have Any Query or Specific Requirement? Request Customization of Report: https://www.fairfieldmarketresearch.com/report/lithium-mining-market/request-customization
REPORT SCOPE & SEGMENTATION:
| REPORT FEATURES | DETAILS |
| Source Coverage | • Brine • Hard Rock • Others |
| Type Coverage | • Lithium Carbonate • Lithium Hydroxide |
| End-use Coverage | • Battery • Glass & Ceramics • Grease • Polymer • Flux Powder • Refrigeration • Others |
| Geographical Coverage | • North America • Europe • Asia Pacific • Rest of the World (RoW) |
| Leading Companies | • Albemarle Corporation • SQM S.A. • Ganfeng Lithium Co., Ltd. • Tianqi Lithium • Mineral Resources • Lithium Americas Corp. • Livent • Orocobre Limited Pty Ltd • Ramboll Group |
| Report Highlights | Key Market Indicators, Macro-micro economic impact analysis, Technological Roadmap, Key Trends, Driver, Restraints, and Future Opportunities & Revenue Pockets, Porter’s 5 Forces Analysis, Historical Trend (2017-2019), Price Trend Analysis- 2019-2025, Market Estimates and Forecast, Market Dynamics, Industry Trends, Competition Landscape, Category, Region, Country-wise Trends & Analysis, COVID-19 Impact Analysis (Demand and Supply Chain) |
About Us
Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.
Contact
Fairfield Market Research
London, UK
UK +44 (0)20 30025888
USA (Toll-free) +1 (844) 3829746
Web: https://www.fairfieldmarketresearch.com/
Email: sales@fairfieldmarketresearch.com
