Global Lithium Market Overview And Prospects – Includes Lithium Market Demand
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The global lithium market is expected to grow from $0.36 billion in 2021 to $0.44 billion in 2022 at a compound annual growth rate (CAGR) of 21.3%. The global lithium mining market size is expected to grow to $0.75 billion in 2026 at a compound annual growth rate (CAGR) of 14.1%.
The growth in the lithium mining market is due to the increasing use of autonomous hauling systems trucks in the mining industry.
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The lithium mining market consists of sales of lithium and its compounds by entities (organizations, sole traders, and partnerships) that mine lithium and its compounds. the main types of lithium mining are glass/ceramics, greases/lubricants, chemical synthesis, portable electronics and other handhelds, hybrids, battery electric vehicles (BEV), grid, and other power storage applications.
By Type: Glass/Ceramics, Greases / Lubricants, Chemical Synthesis, Portable Electronics and Other Handhelds, Hybrids, Battery Electric Vehicle (BEV), Grid, and Others
By Mining Type: Underground Mining, Surface Mining
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, South America is the largest region in the global lithium market in 2021.
Companies engaged in the lithium mining industry are using autonomous haulage systems to control and track mining vehicle movements and coordinate and autonomously drive off-highway haul trucks operating in a mine.
TBRC’s Lithium Market Report Covers:
Major Market Players: Albemarle Corporation, Sociedad Química y Minera, FMC Corporation, Sichuan Tianqi Lithium Industries Inc., and Jiangxi Ganfeng Lithium Co., Ltd.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2016-21) and ten years forecast (2022-2026-2031)
The Lithium Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides lithium market overviews, analyzes and forecasts market size, share, lithium market players, lithium market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s lithium market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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