Asia Pacific Solution Mining Market Size & Outlook
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Asia Pacific solution mining market highlights
- The Asia Pacific solution mining market generated a revenue of USD 6,005.6 million in 2022.
- The market is expected to grow at a CAGR of 6.4% from 2023 to 2030.
- In terms of segment, other products was the largest revenue generating product in 2022.
- Lithium is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 6,005.6 million |
| Market revenue in 2030 | USD 9,778.1 million |
| Growth rate | 6.4% (CAGR from 2023 to 2030) |
| Largest segment | Other products |
| Fastest growing segment | Lithium |
| Historical data covered | 2018 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lithium, Trona, Boron, Potash, Magnesium, Other Products |
| Key market players worldwide | 5E Advanced Materials Inc, Nutrien Ltd, Vale SA ADR, Intrepid Potash Inc, Nemag, The Mosaic Co |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 30.1% of the global solution mining market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Latin America is the fastest growing regional market and is projected to reach USD 2,715.1 million by 2030.
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Solution Mining Market Scope
Solution Mining Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| The Mosaic Co | View profile | 14049 | 101 East Kennedy Boulevard, Suite 2500, Tampa, FL, United States, 33602 | https://www.mosaicco.com |
| Nemag | View profile | 11-50 | Zierikzee, Zeeland, The Netherlands, Europe | https://www.nemag.com |
| Intrepid Potash Inc | View profile | 485 | 707 17th Street, Suite 4200, Denver, CO, United States, 80202 | https://www.intrepidpotash.com |
| Vale SA ADR | View profile | 66807 | Praia de Botafogo, 186, Salas 501 a 1901, Botafogo, Rio de Janeiro, RJ, Brazil, 22250-145 | https://www.vale.com |
| Nutrien Ltd | View profile | 25900 | 211 19th Street East, Suite 1700, Saskatoon, SK, Canada, S7K 5R6 | https://www.nutrien.com |
| 5E Advanced Materials Inc | View profile | 43 | 9329 Mariposa Road, Suite 210, Hesperia, CA, United States, 92344 | https://www.5eadvancedmaterials.com |
Asia Pacific solution mining market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to solution mining market will help companies and investors design strategic landscapes.
Other products was the largest segment with a revenue share of 45.61% in 2023. Horizon Databook has segmented the Asia Pacific solution mining market based on lithium, trona, boron, potash, magnesium, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific accounted for a share of 29.4% of the solution mining market by revenue terms in 2021. The market in this region is projected to grow at a CAGR of 3.2% in terms of volumes from 2022 to 2030. The growing demand for metals from the region has fueled developments in the mining industry of Asia Pacific.
China is the largest producer of lithium in the region. It has abundant brine deposits, from which lithium is extracted via the solution mining process. Australia also has abundant reserves of lithium. However, these are hard rock deposits where lithium is extracted via the open pit process.
The Khorat Plateau in Northeastern Thailand is known to have active and promising regional potash deposits. However, this area is facing challenges in terms of the establishment and development of a proper potash industry owing to brine disposal solutions.
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Target buyers of Asia Pacific solution mining market databook
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Our clientele includes a mix of solution mining market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific solution mining market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific solution mining market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Asia Pacific solution mining market size, by country, 2018-2030 (US$M)
Asia Pacific Solution Mining Market Outlook Share, 2023 & 2030 (US$M)
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