Lithium Mining Market for Business Growth is Enhanced by Revolutionary Steps Taken by Major Compotators
Posted on 20 June, 2022 by vandana manturgekar
Global lithium mining market size was USD 3.33 Billion in 2020 and is expected to register a revenue CAGR of 6.8%, during the forecast period, according to latest analysis by Emergen Research. This innovative filtering technology has a higher recovery rate over present mining methods and reduces the mining procedure time down to just a few hours from several months to years in present lithium mining. This new way to mine lithium substantially decrease lithium prices for Electric Vehicle (EV) batteries and stationary energy storage systems, providing opportunities for energy transition and electric mobility.
It highlights the key players in the businesses that account for a considerable market share. The report maps major geographical regions and their placement in the global economy. It predicts the growth of lithium mining in the upcoming years. The research segments the market based on product type, applications and end-use. It profiles the key players of the business and discusses investments, business ventures, mergers, acquisitions, collaborations along with the technological developments in the industry. The report gives a competitive analysis by evaluating the market position of the companies. It also examines the upcoming and niche areas in the business. The researcher aims to provide insights into the trends observed in the industry and the sectors that exhibit the most growth prospects.
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The key companies studied in the report are:
Jiangxi Ganfeng Lithium Co., Ltd., Albemarle Corporation, Tianqi Lithium Corp., SQM S.A. (Sociedad Química y Minera), Pilbara Minerals Limited, Livent Corporation, Orocobre Limited Pty Ltd., Mineral Resources Limited, Lithium Americas Corporation, and Piedmont Lithium, Inc.
The research provides answers to the following key questions:
- What will be the growth rate of the Lithium Mining market for the forecast period, 2017 to 2027? What will be the market size and the share occupied by the prominent vendors by the estimated period?
- What are challenges and threats faced by the prominent vendors operating in the Lithium Mining market?
- Who are the prominent vendors and what has been their business strategy so far to maintain a competitive edge over their competitors?
- What are the past, present and emerging trends likely to influence the growth rate of the Lithium Mining market for the forecast period, 2017 to 2027?
- What are the opportunities prominent vendors can bank on to generate more profits during the estimated period?
Browse the complete Global Lithium Mining Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast Till 2027 @https://www.emergenresearch.com/industry-report/lithium-mining-market
Emergen Research has segmented the global lithium mining market on the basis of type, source, end-use, and region:
Type Outlook (Revenue, USD Billion, Volume, Kilotons; 2018–2030)
- Lithium Hydroxide
- Lithium Carbonate
- Lithium Chloride
- Lithium Concentrate
Source Outlook (Revenue, USD Billion, Volume, Kilotons; 2018–2030)
- Hard Rock
- Brine
- Others
End-use Outlook (Revenue, USD Billion, Volume, Kilotons; 2018–2030)
- Flux Powder
- Polymers
- Batteries
- Refrigeration
- Air Conditioning Equipment
- Glass & Ceramics (Frits)
- Grease & Lubricants
- Pharmaceutical
- Others
On the basis of regional analysis, the market is segmented into the following regions: North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. The market is expected to be dominated by North American nations closely followed by European countries. Asia Pacific is expected to show a significant growth owing to recent advancements and rising investments in the R&D sector.
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