Global Solution Mining Market Size & Outlook, 2023-2030
Global solution mining market, 2018-2030 (US$M)
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Global solution mining market highlights
- The global solution mining market generated a revenue of USD 19,951.8 million in 2022 and is expected to reach USD 27,220.3 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 4.1% by 2030.
- In terms of segment, potash accounted for a revenue of USD 12,646.8 million in 2022.
- Lithium is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2022.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 19,951.8 million |
| Market revenue in 2030 | USD 27,220.3 million |
| Growth rate | 4.1% (CAGR from 2023 to 2030) |
| Largest segment | Potash |
| 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 |
Other key industry trends
- In terms of revenue, the North America accounted for 51.7% of the global solution mining market in 2022.
- By country, the Canada is projected to lead the global market in terms of revenue in 2030.
- By country, China is the fastest growing regional market and is projected to reach USD 5,326.6 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 |
Global 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.
Potash was the largest segment with a revenue share of 63.39% in 2023. Horizon Databook has segmented the Global solution mining market based on lithium, trona, boron, potash, magnesium, other products covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Solution Mining Product Outlook (Revenue, USD Million, 2018-2030)
- Lithium
- Trona
- Boron
- Potash
- Magnesium
- Other Products
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Target buyers of Global 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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Horizon Databook provides a detailed overview of global-level data and insights on the Global solution mining market , including forecasts for subscribers. This global databook contains high-level insights into Global solution mining market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global solution mining market size, by regions, 2018-2030 (US$M)
Top 10 countries: Solution mining market size, 2023 (US$M)
Global solution mining market share, by product, 2023 & 2030 (%, US$M)
Solution mining market: Opportunity assessment by country
Global solution mining market, by region, 2023 (US$M)
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