From GlobeNewswire:

The Brine Concentration Minerals Market is expected to reach USD 1.7 billion by 2029, with a CAGR of 8.1%. These minerals are crucial for industries like automotive and construction for uses such as lithium batteries and refractories like cement. Key players include Magrathea, Albemarle Corporation, and SQM S.A.

The market is driven by increasing demand for lithium-ion batteries and sustainability practices, while facing challenges like low mineral concentration and energy-intensive production. Magnesium derivatives dominate the market, with applications in automotive, agriculture, pharmaceuticals, and construction industries. Metallurgical applications lead the market, especially in refractory production for industries like steel and glass.

Solar evaporation technology is the largest segment in the brine concentration minerals market, known for its cost-effectiveness and sustainability. The Asia Pacific region is the fastest-growing market, particularly in China, leading in electric vehicle consumption and renewable energy initiatives. The region’s strategic resource access in lithium-rich areas like the lithium triangle reinforces its pivotal role in the market’s growth.



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