The Brine Lithium Mining market is expected to grow 2.2x by 2031, driven by the increasing demand for lithium-ion batteries in electric vehicles.
A dynamic shift towards electric vehicles (EVs) has been witnessed owing to the implementation of stringent regulations to curb carbon emission and mitigate challenges posed by rising fuel prices. According to a report by the International Energy Agency, sales of electric cars totalled 2.1 million units in 2019 across the world, projecting year-over-year growth of 40% in 2019.
Rise in EV sales is propelling the demand for vehicle batteries such as lithium-ion (li-ion) Hydroxide battery, which is in turn, creating lucrative growth opportunities for the market.
Several Brine lithium mining companies are acquiring more land for increasing the production of lithium and capitalize on the increasing demand from various industries. For instance, Tianqi, a Chinese mining and manufacturing company, announced acquiring IGO Ltd, a mining company in Australia, to increase its production of lithium hydroxide in April 2021.
On the back of these factors, the market is expected to expand at a robust CAGR of 7% through 2031.
Request a report sample to gain comprehensive insights at
https://www.factmr.com/connectus/sample?flag=S&rep_id=6988
Besides this, increasing application of li-ion batteries across grid storage, medical devices, and consumer electronics such as smartphones, digital cameras, and laptops among others is driving the market. On account of this, sales of lithium mining are expected to rise at 8.3% by 2031 with increasing production of batteries, as per Fact.MR.
“Leading manufacturers are extensively emphasizing on adopting advanced technologies to optimize lithium mining operations and enhance the recovery of lithium from brines to address the increasing demand for lithium. This is expected to create lucrative growth opportunities for market players,” says a Fact.MR analyst.
Key Takeaways from the Brine Lithium Mining Market Study
Key Drivers
Key Restraints
To gain in-depth insights on Hard rock Lithium Mining Market, request methodology at
https://www.factmr.com/connectus/sample?flag=RM&rep_id=6988
Competitive Landscape
Ganfeng Lithium, SQM, and Tianqi are identified as top 3 players by Fact.MR. These players are estimated to account for nearly 70% of the sales through 2031. Also, leading players are focusing on developing novel technologies to recovery rate of lithium.
Some of the players are focusing on merger, collaboration, and acquisition to expand their production capacity. For instance,
Some of the key players in the market profiled by Fact.MR are:
More Valuable Insights on Lithium Carbonate Mining Market
Fact.MR, in its new report, offers an unbiased analysis of the global lithium mining market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in lithium mining market with detailed segmentation:
Access Research Methodology Prepared By Experts –https://www.factmr.com/connectus/sample?flag=AE&rep_id=6988
Key Questions Covered in the Lithium Hydroxide Mining Market Report
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About Fact.MR
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A dynamic shift towards electric vehicles (EVs) has been witnessed owing to the implementation of stringent regulations to curb carbon emission and mitigate challenges posed by rising fuel prices. According to a report by the International Energy Agency, sales of electric cars totalled 2.1 million units in 2019 across the world, projecting year-over-year growth of 40% in 2019.
Rise in EV sales is propelling the demand for vehicle batteries such as lithium-ion (li-ion) Hydroxide battery, which is in turn, creating lucrative growth opportunities for the market.
Several Brine lithium mining companies are acquiring more land for increasing the production of lithium and capitalize on the increasing demand from various industries. For instance, Tianqi, a Chinese mining and manufacturing company, announced acquiring IGO Ltd, a mining company in Australia, to increase its production of lithium hydroxide in April 2021.
On the back of these factors, the market is expected to expand at a robust CAGR of 7% through 2031.
Request a report sample to gain comprehensive insights at
https://www.factmr.com/connectus/sample?flag=S&rep_id=6988
Besides this, increasing application of li-ion batteries across grid storage, medical devices, and consumer electronics such as smartphones, digital cameras, and laptops among others is driving the market. On account of this, sales of lithium mining are expected to rise at 8.3% by 2031 with increasing production of batteries, as per Fact.MR.
“Leading manufacturers are extensively emphasizing on adopting advanced technologies to optimize lithium mining operations and enhance the recovery of lithium from brines to address the increasing demand for lithium. This is expected to create lucrative growth opportunities for market players,” says a Fact.MR analyst.
Key Takeaways from the Brine Lithium Mining Market Study
Key Drivers
Key Restraints
To gain in-depth insights on Hard rock Lithium Mining Market, request methodology at
https://www.factmr.com/connectus/sample?flag=RM&rep_id=6988
Competitive Landscape
Ganfeng Lithium, SQM, and Tianqi are identified as top 3 players by Fact.MR. These players are estimated to account for nearly 70% of the sales through 2031. Also, leading players are focusing on developing novel technologies to recovery rate of lithium.
Some of the players are focusing on merger, collaboration, and acquisition to expand their production capacity. For instance,
Some of the key players in the market profiled by Fact.MR are:
More Valuable Insights on Lithium Carbonate Mining Market
Fact.MR, in its new report, offers an unbiased analysis of the global lithium mining market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in lithium mining market with detailed segmentation:
Access Research Methodology Prepared By Experts –https://www.factmr.com/connectus/sample?flag=AE&rep_id=6988
Key Questions Covered in the Lithium Hydroxide Mining Market Report
Explore Fact.MR’s Coverage on the Chemicals and Materials Domain:
Wide Mouth Bottles Market – The Asia Pacific dominates the market because of the growing economy of a country like China and India. Because the larger population of the country contributes to the number of the consumer of the reusable water bottle.
Insulated Envelops Market – The growth of the insulated envelops market is completely dependent on its ability to meet numerous demands of the logistic industry. Most of the businesses are shipping products on a global platform in wake of expanding distribution channels and increased scalability. The insulated envelopes market is set to witness a CAGR of 11.1%- 12.9% during 2021-2031.
Intelligent Packaging Market – Owing to increasing urban lifestyle and global population trends, the demand for ready-to-eat food and packaged, frozen has beheld a significant surge in demand in recent times. As a result, the Intelligent Packaging Market is set to witness a CAGR of 6.1% during 2021-2031.
About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: sales@factmr.com
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
The article discusses the growth of the Brine Lithium Mining market driven by the demand for lithium-ion batteries in electric vehicles.
The growth is driven by increased EV sales, demand for li-ion batteries, and investments in lithium mining.
Latin America and China are leading regions, with significant contributions from countries like Chile, Argentina, and Bolivia.
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