China Solution Mining Market Size & Outlook, 2021-2030
China solution mining market, 2018-2030 (US$M)
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China solution mining market highlights
- The China solution mining market generated a revenue of USD 3,428.5 million in 2021 and is expected to reach USD 5,326.6 million by 2030.
- The China market is expected to grow at a CAGR of 5% from 2022 to 2030.
- In terms of segment, potash was the largest revenue generating product in 2021.
- Lithium is the most lucrative product segment registering the fastest growth during the forecast period.
Solution mining market data book summary
| Market revenue in 2021 | USD 3,428.5 million |
| Market revenue in 2030 | USD 5,326.6 million |
| Growth rate | 5% (CAGR from 2021 to 2030) |
| Largest segment | Potash |
| Fastest growing segment | Lithium |
| Historical data | 2018 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 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, China accounted for 17.7% of the global solution mining market in 2021.
- Country-wise, Canada is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China solution mining market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific 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 |
|---|
China 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 42.85% in 2021. Horizon Databook has segmented the China solution mining market based on lithium, trona, boron, potash, magnesium, other products covering the revenue growth of each sub-segment from 2018 to 2030.
China held a share of 60.2% of solution mining market in revenue terms in Asia Pacific in 2021. The market in this country is anticipated to grow at a CAGR of 5.0% in terms of revenue from 2022 to 2030. China has emerged as a global technology hub. The country is investing increasingly in the mining industry to maintain uninterrupted raw material supply for its manufacturing industry.
According to Natural Resources Canada, China accounts for a share of approximately 10% of the global potash reserves. Potash is found in Mengyejing in Yunnan, the Qaidam Basin of Qinghai, and the Lop Nor Basin in Xinjiang of China. Brine deposits are present in the Qaidam and Lop Nor Basins, while solid potash deposits are only found in Mengyejing area.
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Target buyers of China 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 country-level data and insights on the China solution mining market , including forecasts for subscribers. This country databook contains high-level insights into China solution mining market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China solution mining market outlook size, by product, 2018-2030 (US$M)
China Solution Mining Market Outlook Share, 2021 & 2030 (US$M)
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