| Market revenue in 2022 | USD 10,319.5 million |
| Market revenue in 2030 | USD 12,067.4 million |
| Growth rate | 2% (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 |
| Key market players worldwide | 5E Advanced Materials Inc, Nutrien Ltd, Vale SA ADR, Intrepid Potash Inc, Nemag, The Mosaic Co |
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.
Key Regions:U.S., Turkey, Germany, South Africa, Canada
Publish Date: Nov 27, 2025
Last Updated: Aug 26, 2026
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| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| 5E Advanced Materials Inc | View profile | 43 | 9329 Mariposa Road, Suite 210, Hesperia, CA, United States, 92344 | www.5eadvancedmaterials.com |
| Nutrien Ltd | View profile | 25,900 | 211 19th Street East, Suite 1700, Saskatoon, SK, Canada, S7K 5R6 | www.nutrien.com |
| Vale SA ADR | View profile | 66,807 | Praia de Botafogo, 186, Salas 501 a 1901, Botafogo, Rio de Janeiro, RJ, Brazil, 22250-145 | www.vale.com |
| Intrepid Potash Inc | View profile | 485 | 707 17th Street, Suite 4200, Denver, CO, United States, 80202 | www.intrepidpotash.com |
| Nemag | View profile | 11-50 | Zierikzee, Zeeland, The Netherlands, Europe | www.nemag.com |
| The Mosaic Co | View profile | 14,049 | 101 East Kennedy Boulevard, Suite 2500, Tampa, FL, United States, 33602 | www.mosaicco.com |
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 Outlook will help companies and investors design strategic landscapes.
Potash was the largest segment with a revenue share of 90.27% in 2022.
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.
Horizon Databook provides a detailed overview of continent-level data and insights on the North America Solution Mining Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Solution Mining Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
