North America Solution Mining Market Size & Outlook
North America solution mining market, 2018-2030 (US$M)
Related Markets
North America solution mining market highlights
- The North America solution mining market generated a revenue of USD 10,163.3 million in 2021.
- The market is expected to grow at a CAGR of 1.9% 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.
- Country-wise, U.S. is expected to register the highest CAGR from 2022 to 2030.
North America data book summary
| Market revenue in 2021 | USD 10,163.3 million |
| Market revenue in 2030 | USD 12,067.4 million |
| Growth rate | 1.9% (CAGR from 2021 to 2030) |
| Largest segment | Potash |
| 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, 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, North America region accounted for 52.5% 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 |
|---|
North 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.
Potash was the largest segment with a revenue share of 88.98% in 2021. Horizon Databook has segmented the North America solution mining market based on lithium, trona, boron, potash, magnesium, other products covering the revenue growth of each sub-segment from 2018 to 2030.
North America is one of the leading operators of solution mining process in the world. The North America solution mining market accounted for 52.5% of the revenue share in 2021 and is anticipated to witness a CAGR of 1.9% over the forecast period.
RTB Boron (Rio Tinto) produces most of the borate consumed in the U.S. through its mine in California. Owing to increasing demand for boron products in the U.S., companies are investing in new mining products.
For instance, in June 2021, American Pacific Borates Ltd decided to establish a specialty boron product, wherein the company is expected to start an integrated manufacturing facility which includes solution mine, solar operated pond, boric acid plant, and specialty production.
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Target buyers of North 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 North America solution mining market , including forecasts for subscribers. This continent databook contains high-level insights into North America solution mining market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America solution mining market outlook size, by country, 2018-2030 (US$M)
North America Solution Mining Market Outlook Share, 2021 & 2030 (US$M)
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