Lithium Market: Information by Product Type (Lithium Hydroxide, Lithium Carbonate, Lithium Chloride, Butyllithium, Lithium Metal and others), Application (Energy Storage, Greases, Frits, Glasses and Ceramics, Air Treatment, Adhesives and others) and Region (North America, Europe, Latin America, Asia-Pacific and Middle East & Africa) - Forecast till 2030
ID: MRFR/CnM/6558-HCR | August 2022 | Region: Global | 140 Pages
Table of Contents
1 Executive Summary
2 Market Introduction
2.1 Market Definition
2.2 Scope of the Study
2.3 List of Assumptions
2.4 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
3.5 Forecast Model
4 Market Dynamics of Global Lithium Market
4.1 Introduction
4.2 Drivers
4.3 Restraints
4.4 Opportunities
4.5 Challenges
4.6 Trends/Technology
5 Market Factor Analysis of Global Lithium Market
5.1 Supply Chain Analysis
5.1.1 Raw Material Suppliers
5.1.2 Manufacturers/Producers
5.1.3 Distributors/Retailers/Wholesalers/E-Commerce
5.1.4 End User
5.2 Porter’s Five Forces Analysis
5.2.1 Threat of New Entrants
5.2.2 Bargaining Power of Buyers
5.2.3 Bargaining Power of Suppliers
5.2.4 Threat of Substitutes
5.2.5 Intensity of Competitive Rivalry
5.3 Pricing Analysis
6. Global Lithium Market, by Product Type
6.1 Introduction
6.2 Lithium Hydroxide
6.2.1 Market Estimates & Forecast, 2020−2027
6.2.2 Market Estimates & Forecast, by Region, 2020−2027
6.3 Lithium Carbonate
6.3.1 Market Estimates & Forecast, 2020−2027
6.3.2 Market Estimates & Forecast, by Region, 2020−2027
6.4 Lithium Chloride
6.4.1 Market Estimates & Forecast, 2020−2027
6.4.2 Market Estimates & Forecast, by Region, 2020−2027
6.5 Butiylilithium
6.5.1 Market Estimates & Forecast, 2020−2027
6.5.2 Market Estimates & Forecast, by Region, 2020−2027
6.6 Lithium Metal
6.6.1 Market Estimates & Forecast, 2020−2027
6.6.2 Market Estimates & Forecast, by Region, 2020−2027
6.7 Others
6.7.1 Market Estimates & Forecast, 2020−2027
6.7.2 Market Estimates & Forecast, by Region, 2020−2027
7. Global Lithium Market, by Application
7.1 Introduction
7.2 Energy Storage
7.2.1 Market Estimates & Forecast, 2020−2027
7.2.2 Market Estimates & Forecast, by Region, 2020−2027
7.3 Greases
7.3.1 Market Estimates & Forecast, 2020−2027
7.3.2 Market Estimates & Forecast, by Region, 2020−2027
7.4 Frits
7.4.1 Market Estimates & Forecast, 2020−2027
7.4.2 Market Estimates & Forecast, by Region, 2020−2027
7.5 Glasses and Ceramics
7.5.1 Market Estimates & Forecast, 2020−2027
7.5.2 Market Estimates & Forecast, by Region, 2020−2027
7.6 Air Treatment
7.6.1 Market Estimates & Forecast, 2020−2027
7.6.2 Market Estimates & Forecast, by Region, 2020−2027
7.7 Adhesives
7.7.1 Market Estimates & Forecast, 2020−2027
7.7.2 Market Estimates & Forecast, by Region, 2020−2027
7.7 Others
7.7.1 Market Estimates & Forecast, 2020−2027
7.7.2 Market Estimates & Forecast, by Region, 2020−2027
8. Global Lithium Market, by Region
8.1 Introduction
8.2 North America
8.2.1 Market Estimates & Forecast, 2020−2027
8.2.2 Market Estimates & Forecast, by Product Type, 2020−2027
8.2.3 Market Estimates & Forecast, by Application, 2020−2027
8.2.4 US
8.2.4.1 Market Estimates & Forecast, 2020−2027
8.2.4.2 Market Estimates & Forecast, by Product Type, 2020−2027
8.2.4.3 Market Estimates & Forecast, by Application, 2020−2027
8.2.5 Canada
8.2.5.1 Market Estimates & Forecast, 2020−2027
8.2.5.2 Market Estimates & Forecast, by Product Type, 2020−2027
8.2.5.3 Market Estimates & Forecast, by Application, 2020−2027
8.3 Europe
8.3.1 Market Estimates & Forecast, 2020−2027
8.3.2 Market Estimates & Forecast, by Product Type, 2020−2027
8.3.3 Market Estimates & Forecast, by Application, 2020−2027
8.3.4 Germany
8.3.4.1 Market Estimates & Forecast, 2020−2027
8.3.4.2 Market Estimates & Forecast, by Product Type, 2020−2027
8.3.4.3 Market Estimates & Forecast, by Application, 2020−2027
8.3.5 France
8.3.5.1 Market Estimates & Forecast, 2020−2027
8.3.5.2 Market Estimates & Forecast, by Product Type, 2020−2027
8.3.5.3 Market Estimates & Forecast, by Application, 2020−2027
8.3.6 Italy
8.3.6.1 Market Estimates & Forecast, 2020−2027
8.3.6.2 Market Estimates & Forecast, by Product Type, 2020−2027
8.3.6.3 Market Estimates & Forecast, by Application, 2020−2027
8.3.7 Spain
8.3.7.1 Market Estimates & Forecast, 2020−2027
8.3.7.2 Market Estimates & Forecast, by Product Type,2020−2027
8.3.7.3 Market Estimates & Forecast, by Application, 2020−2027
8.3.8 UK
8.3.8.1 Market Estimates & Forecast, 2020−2027
8.3.8.2 Market Estimates & Forecast, by Product Type,2020−2027
8.3.8.3 Market Estimates & Forecast, by Application, 2020−2027
8.3.9 Russia
8.3.9.1 Market Estimates & Forecast, 2020−2027
8.3.9.2 Market Estimates & Forecast, by Product Type,2020−2027
8.3.9.3 Market Estimates & Forecast, by Application, 2020−2027
8.3.10 Poland
8.3.10.1 Market Estimates & Forecast, 2020−2027
8.3.10.2 Market Estimates & Forecast, by Product Type, 2020−2027
8.3.10.3 Market Estimates & Forecast, by Application, 2020−2027
8.3.11 Rest of Europe
8.3.11.1 Market Estimates & Forecast, 2020−2027
8.3.11.2 Market Estimates & Forecast, by Product Type, 2020−2027
8.3.11.3 Market Estimates & Forecast, by Application, 2020−2027
8.4 Asia-Pacific
8.4.1 Market Estimates & Forecast, 2020−2027
8.4.2 Market Estimates & Forecast, by Product Type, 2020−2027
8.4.3 Market Estimates & Forecast, by Application, 2020−2027
8.4.4 China
8.4.4.1 Market Estimates & Forecast, 2020−2027
8.4.4.2 Market Estimates & Forecast, by Product Type, 2020−2027
8.4.4.3 Market Estimates & Forecast, by Application, 2020−2027
8.4.5 India
8.4.5.1 Market Estimates & Forecast, 2020−2027
8.4.5.2 Market Estimates & Forecast, by Product Type, 2020−2027
8.4.5.3 Market Estimates & Forecast, by Application, 2020−2027
8.4.6 Japan
8.4.6.1 Market Estimates & Forecast, 2020−2027
8.4.6.2 Market Estimates & Forecast, by Product Type, 2020−2027
8.4.6.3 Market Estimates & Forecast, by Application, 2020−2027
8.4.7 Australia & New Zealand
8.4.7.1 Market Estimates & Forecast, 2020−2027
8.4.7.2 Market Estimates & Forecast, by Product Type, 2020−2027
8.4.7.3 Market Estimates & Forecast, by Application, 2020−2027
8.4.8 Rest of Asia-Pacific
8.4.8.1 Market Estimates & Forecast, 2020−2027
8.4.8.2 Market Estimates & Forecast, by Product Type, 2020−2027
8.4.8.3 Market Estimates & Forecast, by Application, 2020−2027
8.5 Middle East & Africa
8.5.1 Market Estimates & Forecast, 2020−2027
8.5.2 Market Estimates & Forecast, by Product Type, 2020−2027
8.5.3 Market Estimates & Forecast, by Application, 2020−2027
8.5.4 GCC
8.5.4.1 Market Estimates & Forecast, 2020−2027
8.5.4.2 Market Estimates & Forecast, by Product Type, 2020−2027
8.5.4.3 Market Estimates & Forecast, by Application, 2020−2027
8.5.5 Israel
8.5.5.1 Market Estimates & Forecast, 2020−2027
8.5.5.2 Market Estimates & Forecast, by Product Type, 2020−2027
8.5.5.3 Market Estimates & Forecast, by Application, 2020−2027
8.5.6 North Africa
8.5.6.1 Market Estimates & Forecast, 2020−2027
8.5.6.2 Market Estimates & Forecast, by Product Type, 2020−2027
8.5.6.3 Market Estimates & Forecast, by Application, 2020−2027
8.5.7 Turkey
8.5.7.1 Market Estimates & Forecast, 2020−2027
8.5.7.2 Market Estimates & Forecast, by Product Type, 2020−2027
8.5.7.3 Market Estimates & Forecast, by Application, 2020−2027
8.5.8 Rest of Middle East & Africa
8.5.8.1 Market Estimates & Forecast, 2020−2027
8.5.8.2 Market Estimates & Forecast, by Product Type, 2020−2027
8.5.8.3 Market Estimates & Forecast, by Application, 2020−2027
8.6 Latin America
8.6.1 Market Estimates & Forecast, 2020−2027
8.6.2 Market Estimates & Forecast, by Product Type, 2020−2027
8.6.3 Market Estimates & Forecast, by Application, 2020−2027
8.6.4 Brazil
8.6.4.1 Market Estimates & Forecast, 2020−2027
8.6.4.2 Market Estimates & Forecast, by Product Type, 2020−2027
8.6.4.3 Market Estimates & Forecast, by Application, 2020−2027
8.6.5 Argentina
8.6.5.1 Market Estimates & Forecast, 2020−2027
8.6.5.2 Market Estimates & Forecast, by Product Type, 2020−2027
8.6.5.3 Market Estimates & Forecast, by Application, 2020−2027
8.6.6 Mexico
8.6.6.1 Market Estimates & Forecast, 2020−2027
8.6.6.2 Market Estimates & Forecast, by Product Type, 2020−2027
8.6.6.3 Market Estimates & Forecast, by Application, 2020−2027
8.6.7 Rest of Latin America
8.6.7.1 Market Estimates & Forecast, 2020−2027
8.6.7.2 Market Estimates & Forecast, by Product Type, 2020−2027
8.6.7.3 Market Estimates & Forecast, by Application, 2020−2027
9. Company Landscape
9.1 Introduction
9.2 Market Strategy
9.3 Key Development Analysis (Expansion/Merger & Acquisitions/Joint Venture/New Product Development/Agreement/Investment)
10. Company Profiles
10.1 Albemarle Corporation
10.1.1 Company Overview
10.1.2 Financial Updates
10.1.3 Product/Business Segment Overview
10.1.4 Strategy
10.1.5 Key Developments
10.1.6 SWOT Analysis
10.2 SQM S.A.
10.2.1 Company Overview
10.2.2 Financial Updates
10.2.3 Product/Business Segment Overview
10.2.4 Strategy
10.2.5 Key Developments
10.2.6 SWOT Analysis
10.3 Livent
10.3.1 Company Overview
10.3.2 Financial Updates
10.3.3 Product/Business Segment Overview
10.3.4 Strategy
10.3.5 Key Developments
10.3.6 SWOT Analysis
10.4 Altura Mining
10.4.1 Company Overview
10.4.2 Financial Updates
10.4.3 Product/Business Segment Overview
10.4.4 Strategy
10.4.5 Key Developments
10.4.6 SWOT Analysis
10.5 Orocobre Limited Pty Ltd
10.5.1 Company Overview
10.5.2 Financial Updates
10.5.3 Product/Business Segment Overview
10.5.4 Strategy
10.5.5 Key Developments
10.5.6 SWOT Analysis
10.6 Jiangxi Ganfeng Lithium Co. Ltd
10.6.1 Company Overview
10.6.2 Financial Updates
10.6.3 Product/Business Segment Overview
10.6.4 Strategy
10.6.5 Key Developments
10.6.6 SWOT Analysis
10.7 Tianqi Lithium Industries Inc.
10.7.1 Company Overview
10.7.2 Financial Updates
10.7.3 Product/Business Segment Overview
10.7.4 Strategy
10.7.5 Key Developments
10.7.6 SWOT Analysis
10.8 Critical Elements Corporation
10.8.1 Company Overview
10.8.2 Financial Updates
10.8.3 Product/Business Segment Overview
10.8.4 Strategy
10.8.5 Key Developments
10.8.6 SWOT Analysis
10.9 Lithium Americas Corp.
10.9.1 Company Overview
10.9.2 Financial Updates
10.9.3 Product/Business Segment Overview
10.9.4 Strategy
10.9.5 Key Developments
10.9.6 SWOT Analysis
10.10 Sayona Mining Limited
10.10.1 Company Overview
10.10.2 Financial Updates
10.10.3 Product/Business Segment Overview
10.10.4 Strategy
10.10.5 Key Developments
10.10.6 SWOT Analysis
11. Conclusion
LIST OF TABLES
Table 1 Global Lithium Market: by Region, 2020−2027
Table 2 North America: Lithium Market, by Country, 2020−2027
Table 3 Europe: Lithium Market, by Country, 2020−2027
Table 4 Asia-Pacific: Lithium Market. by Country, 2020−2027
Table 5 Middle East & Africa: Lithium Market, by Country, 2020−2027
Table 6 Latin America: Lithium Market, by Country, 2020−2027
Table 7 Global Lithium Product Type Market, by Regions, 2020−2027
Table 8 North America: Lithium Product Type Market, by Country, 2020−2027
Table 9 Europe: Lithium Product Type Market, by Country, 2020−2027
Table10 Asia-Pacific: Lithium Product Type Market, by Country, 2020−2027
Table11 Middle East & Africa: Lithium Product Type Market, by Country, 2020−2027
Table12 Latin America: Lithium Product Type Market, by Country, 2020−2027
Table 13 Global Lithium Application Market, by Regions, 2020−2027
Table14 North America: Lithium Application Market, by Country, 2020−2027
Table15 Europe: Lithium Application Market, by Country, 2020−2027
Table16 Asia-Pacific: Lithium Application Market, by Country, 2020−2027
Table17 Middle East & Africa: Lithium Application Market, by Country, 2020−2027
Table18 Latin America: Lithium by Application Market, by Country, 2020-2027
Table19 Global Product Type Market, by Region, 2020−2027
Table20 Global Application Market, by Region, 2020−2027
Table21 North America: Lithium Market, by Country, 2020−2027
Table22 North America: Lithium Market, by Product Type, 2020−2027
Table23 North America: Lithium Market, by Application, 2020−2027
Table24 Europe: Lithium Market, by Country, 2020−2027
Table25 Europe: Lithium Market, by Product Type, 2020−2027
Table26 Europe: Lithium Market, by Application, 2020−2027
Table27 Asia-Pacific: Lithium Market, by Country, 2020−2027
Table28 Asia-Pacific: Lithium Market, by Product Type, 2020−2027
Table29 Asia-Pacific: Lithium Market, by Application, 2020−2027
Table30 Middle East & Africa: Lithium Market, by Country, 2020−2027
Table31 Middle East & Africa: Lithium Market, by Product Type, 2020−2027
Table32 Middle East & Africa: Lithium Market, by Application, 2020−2027
Table33 Latin America: Lithium Market, by Country, 2020−2027
Table34 Latin America: Lithium Market, by Product Type, 2020−2027
Table35 Latin America: Lithium Market, by Application, 2020−2027
LIST OF FIGURES
FIGURE 1 Global Lithium Market Segmentation
FIGURE 2 Forecast Research Methodology
FIGURE 3 Five Forces Analysis of Global Lithium Market
FIGURE 4 Value Chain of Global Lithium Market
FIGURE 5 Share of Global Lithium Market in 2020, by Country
FIGURE 6 Global Lithium Market, 2020−2027,
FIGURE 7 Global Lithium Market Size, by Product Type, 2020
FIGURE 8 Share of Global Lithium Market, by Product Type, 2020−2027
FIGURE 9 Global Lithium Market Size, by Application, 2020
FIGURE10 Share of Global Lithium Market, by Application, 2020−2027
Lithium Market
Lithium Market is projected to be worth USD 6.62 billion by 2028, registering a CAGR of 8.1% during the forecast period (2021 - 2028).
$6.62 billion
Market Size
8.1%
CAGR
Europe
Dominating Region
2021-2028
Forecast Period
Segmentation
Key Players
- Albemarle Corporation (US)
- SQM S.A. (Chile)
- Livent (US)
- Altura Mining (Australia)
- Orocobre Limited Pvt Ltd (Australia)
- Jiangxi Ganfeng Lithium Co. Ltd (China)
- Tianqi Lithium Industries Inc. (China)
- Critical Elements Corporation (Canada)
- Lithium Americas Corp. (Canada)
- Sayona Mining Limited (Australia)
Drivers
- The increasing use of batteries across various storage units such as smartphones portable electronic devices and electric vehicles.
Lithium Market Overview
Lithium Market is expected to grow USD 8.37 Billion at a CAGR 10.6% during the forecast period, says market research future (MRFR). The entire process of the Lithium Market growing and showcasing a constant growth rate is due to the constant manufacture, production, and usage of the same. Electrifications and other industrial procedures have included a construction method involving a heavy amount of lithium-ion content.
The key factor driving the Lithium Market is the certain regulations lied down by the government to bring in limit the extensive usage of ICE automakers. The increasing carbon emissions around the atmosphere have made it a mandatory point to consider the lithium batteries to cancel out any chances of pollution. The product of pollution-efficient batteries and other applications has shifted the interests of consumers towards more energy-efficient and environmentally friendly emission methods. There have been so many schemes regarding the subsidies for the EVs and additional booster technologies that have initiated the market's growth. Changing the battery supply hold has led many producers and manufacturers to adopt a healthy and increased production method.
Key Players
Some of the key players operating in the global lithium market are Albemarle Corporation (US), SQM S.A. (Chile), Livent (US), Altura Mining (Australia), Orocobre Limited Pty Ltd (Australia), Jiangxi Ganfeng Lithium Co. Ltd (China), Tianqi Lithium Industries Inc. (China), Critical Elements Corporation (Canada), Lithium Americas Corp. (Canada), and Sayona Mining Limited (Australia).
Global Lithium Market Share, By Application, 2018 (%) 
Source: MRFR Analysis
Regional Analysis
The lithium market report has been studied across five key regions, namely Asia-Pacific, North America, Latin America, Europe, and the Middle East & Africa. Based on market value share, Europe is estimated to hold over 30% of the global lithium market share and is expected to continue the dominance throughout the forecast period owing to the growth in manufacturing of electric vehicles. Also, major countries in Europe such as Norway, Sweden, Belgium, and Iceland together are expected to account over one-third share of the regional market. Asia-Pacific is expected to exhibit the highest CAGR during the forecast period, due to the growing demand for battery-powered vehicles across China and South-East Asian countries. For instance, the Chinese government has strategized to adopt 20% of electric vehicles by 2020. Additionally, Tianqi Lithium Corporation and Albemarle Corporation have collaborated to increase the production of lithium from the Greenbushes spodumene mine of Australia. In North America, the increase in demand for lithium in pharmaceuticals and agricultural chemicals is expected to boost the demand for lithium in the region. The application of fermentation chemicals in adhesives and greases processes coupled to its application in the construction sector is expected to propel the demand for lithium in the Middle East & Africa during the forecast period.
Segmentation
The global lithium market has been segmented based on product type, application, and region.
On the basis of product type, the global lithium market report has been categorized into lithium hydroxide, lithium carbonate, lithium chloride, butyllithium, lithium metal, and others.
By application, the global lithium market has been divided into energy storage, greases, frits, glasses and ceramics, air treatment, adhesives, and others.
The global lithium market report, by region, has been segregated into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
Recent Development
In March 2018,
The Albemarle Corp of the US franchise helped the majority of the industrial sectors merge with the Livent Corp, and thus this helped consume and save a lot of time. The addition of customized purchases along with the alteration of the regional as well as the country level has driven the Lithium Market. The rising demand for the insertion of electrical engines in almost every possible vehicle to reduce the number of regular emissions by the chimneys and the releasers has driven the competition in the market.
Target Audience
- Lithium manufacturers
- Raw material suppliers
- Distributors and suppliers of lithium
- Potential investors
- Research institutes
- Government bodies
Report Scope:
| Report Attribute/Metric | Details |
|---|---|
| Market Size |
|
| CAGR | 10.6%(2022–2030) |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2019 & 2020 |
| Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | By Product Type, Application and Region |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Albemarle Corporation (US), SQM S.A. (Chile), Livent (US), Altura Mining (Australia), Orocobre Limited Pty Ltd (Australia), Jiangxi Ganfeng Lithium Co. Ltd (China), Tianqi Lithium Industries Inc. (China), Critical Elements Corporation (Canada), Lithium Americas Corp. (Canada), and Sayona Mining Limited (Australia). |
| Key Market Opportunities | The rising demand for lithium in air treatment and air conditioning systems |
| Key Market Drivers | The increasing use of batteries across various storage units such as smartphones, portable electronic devices, and electric vehicles. |
Frequently Asked Questions (FAQ) :
Valuation of the global Lithium Market is estimated to reach USD 8.37 BN by the end of 2024
Valuation of the global Lithium Market had reached USD 3.62 BN in 2018.
Lithium Market is projected to expand at over 10.6% CAGR during the assessment period (2017-2024).
Energy storage is the largest application segment in the global Lithium Market.
Europe holds the largest share in the global Lithium Market, followed by the Asia Pacific and North America, respectively.
Sayona Mining Limited (Australia), SQM S.A. (Chile), Albemarle Corporation (US), Orocobre Limited Pty Ltd (Australia), Livent (US), Altura Mining (Australia), Critical Elements Corporation (Canada), Jiangxi Ganfeng Lithium Co. Ltd (China), Lithium Americas Corp (Canada), and Tianqi Lithium Industries Inc. (China), are some of the major players operating in the Lithium Market.
