Lithium Mining Market 2019 Global Industry Profiling Top Key Players - SQM, FMC Lithium, Tianqi Lithium Corporation, LITHIUM AMERICAS, Albemarle Corporation, MGX Minerals Inc

Market Information:

The brines segment is the most widely adopted source where lithium is produced. Its cost effective nature and ease of application are the major factors behind the popularity of this segment, which makes it suitable for various applications such as batteries, glass, and others. The Lithium Hydroxide is the leading segment of the market on account of its growing consumption in Li-Ion cathode applications. These materials provide enhanced energy, strength, and flexibility to the product. The batteries segment is the leading application in the market and is anticipated to observe a higher CAGR due to extensive use of lithium to impart long life and minimal maintenance to the product.

Top Industry Players:

Some of the prominent players operating in the Global Lithium Mining Market are 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), and Wealth Minerals Ltd (Canada), among others.

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Detailed Regional Insights:

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.

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Segmental Insights:

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

Intended Audience

Lithium Mining Market Manufacturers
Traders and Distributors of Lithium Mining Market
Production Process Industries
Potential Investors
Raw Material Suppliers
Nationalized Laboratory

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