Latin America Solution Mining Market Size & Outlook
Latin America solution mining market, 2018-2030 (US$M)
Related Markets
Latin America solution mining market highlights
- The Latin America solution mining market generated a revenue of USD 1,297.6 million in 2021.
- The market is expected to grow at a CAGR of 8.5% from 2022 to 2030.
- In terms of segment, lithium was the largest revenue generating product in 2021.
- Lithium is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2022 to 2030.
Latin America data book summary
| Market revenue in 2021 | USD 1,297.6 million |
| Market revenue in 2030 | USD 2,715.1 million |
| Growth rate | 8.5% (CAGR from 2021 to 2030) |
| Largest segment | Lithium |
| Fastest growing segment | Lithium |
| Historical data covered | 2018 - 2020 |
| Base year for estimation | 2021 |
| Forecast period covered | 2022 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lithium, Trona, 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, Latin America region accounted for 6.7% of the global solution mining market in 2021.
- 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 |
|---|
Latin America 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.
Lithium was the largest segment with a revenue share of 87.29% in 2021. Horizon Databook has segmented the Latin America solution mining market based on lithium, trona, other products covering the revenue growth of each sub-segment from 2018 to 2030.
The negative GDP of the region in 2020 can be attributed to the low baseline established due to the impact of the COVID-19 outbreak. Governments of different countries in Latin America are trying to stimulate their economies to recover from the impact of the pandemic by providing relief packages to businesses.
The Latin American region accounted for a revenue share of 6.7% in 2021.The region is amongst the largest lithium producers in the world. Lithium is located in ‘The Lithium Triangle’ – at southwestern region, spanning the borders of Argentina, Bolivia, and Chile.
In addition, Bolivia holds 21 million tons of the 86 million tons of lithium resources identified worldwide. It has the world’s largest salt flat – Salar de Uyuni, from which lithium is extracted via the solution mining process. This is followed by Argentina with 19.3 million tons and Chile with 9.6 million tons.
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Target buyers of Latin America 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 Latin America solution mining market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America solution mining market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America solution mining market outlook size, by country, 2018-2030 (US$M)
Latin America Solution Mining Market Outlook Share, 2021 & 2030 (US$M)
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