Lithium Market, By Type (Carbonates, Hydroxide, and Others), By Application (Automotive, Consumer Electronics, Grid Storage, Glass & Ceramics, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)

Description

Global Lithium Market is estimated to be valued at USD 62.08 Bn in 2025 and is expected to reach USD 194.38 Bn by 2032, growing at a compound annual growth rate (CAGR) of 17.7% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 62.08 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	17.70%	2032 Value Projection:	USD 194.38 Bn

Figure. Lithium Market Share (%), By Region 2025

The lithium market has been growing steadily over the past few decades and is expected to explode in the coming years due to the increasing demand for lithium-ion batteries. Lithium is a key component in these batteries that power a variety of devices ranging from cell phones to electric vehicles. As countries aim for decarbonization and a transition towards clean energy sources, there has been a massive uptick in EV production and sales worldwide. This increasing shift towards electrification across industries like automotive as well as growing consumer electronics market is expected to sustain the high growth trajectory of the lithium market in the long run. However, supply issues could act as bottlenecks if mining and production activities are not accelerated in step with the fast-rising demand.

Market Dynamics:

The lithium market is driven by a strong demand from the lithium-ion battery sector underpinned by growth in EVs and energy storage systems globally. World governments are announcing pleas to ban sales of internal combustion engine vehicles to meet climate change targets, turbocharging the EV adoption. However, limited lithium reserves and mining capacities constrain the supply response. Furthermore, the long gestation periods required for developing new mines pose challenges. Rising geopolitical tensions and trade conflicts pose additional risks to the supply chain. On the bright side, initiatives to develop advanced batteries with reduced lithium content as well as improve recovery rates from scrap batteries can help overcome resource constraints to some extent. Overall, opportunities abound for lithium miners and producers to scale up operations and meet the massive anticipated demand.

Key Features of the Study:

This report provides in-depth analysis of the global lithium market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the global lithium market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include Albemarle Corp., Ganfeng Lithium Co., Ltd., SQM S.A., Tianqi Lithium Corporation, Livent Corp., Lithium Americas Corp., Pilbara Minerals, Orocobre Limited Pty. Ltd., Mineral Resources Group Co., Ltd., Avalon Advanced Materials Inc., Sichuan Yahua Industrial Group Co. Ltd, Morella Corporation Limited, Mineral Resources, Ganfeng Lithium Co. Ltd, and Allkem Limited.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
The global lithium market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global lithium market.

Detailed Segmentation-

By Type:
- Carbonates
- Hydroxide
- Others
By Application:
- Automotive
- Consumer Electronics
- Grid Storage
- Glass & Ceramics
- Others
By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Company Profiles:
- Albemarle Corp.
- Ganfeng Lithium Co., Ltd.
- SQM S.A.
- Tianqi Lithium Corporation
- Livent Corp.
- Lithium Americas Corp.
- Pilbara Minerals
- Orocobre Limited Pty. Ltd.
- Mineral Resources Group Co., Ltd.
- Avalon Advanced Materials Inc.
- Sichuan Yahua Industrial Group Co. Ltd
- Morella Corporation Limited
- Mineral Resources
- Ganfeng Lithium Co. Ltd
- Allkem Limited

Product Code: CMI5053

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Industry Trend
- Mergers and Acquisitions

4. Global Lithium Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Lithium Market
Impact Analysis

5. Global Lithium Market, By Type, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
Carbonates
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Hydroxide
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends

6. Global Lithium Market, By Application, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, 2020 - 2032
- Segment Trends
Automotive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Consumer Electronics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Grid Storage
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Glass & Ceramics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020 - 2032, (US$ Bn)
- Segment Trends

7. Global Lithium Market, By Region, 2020-2032, (US$ Bn)

Introduction
- Market Share Analysis, By Region, 2025, 2028 and 2032 (%)
- Y-o-Y Growth Analysis, For Region, 2020-2032
North America
- Introduction
- Market Size and Forecast, By Type, 2020 - 2032, (US$ Bn)
- Market Size and Forecast, By Application, 2020 - 2032, (US$ Bn)
- Market Size and Forecast, By Country, 2020 - 2032, (US$ Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Type, 2020 - 2032, (US$ Bn))
- Market Size and Forecast, By Application, 2020 - 2032, (US$ Bn)
- Market Size and Forecast, By Country, 2020 - 2032, (US$ Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Type, 2020 - 2032, (US$ Bn)
- Market Size and Forecast, By Application, 2020 - 2032, (US$ Bn)
- Market Size and Forecast, By Country, 2020 - 2032, (US$ Bn)
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Type, 2020 - 2032, (US$ Bn)
- Market Size and Forecast, By Application, 2020 - 2032, (US$ Bn)
- Market Size and Forecast, By Country, 2020 - 2032, (US$ Bn)
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East & Africa
- Introduction
- Market Size and Forecast, By Type, 2020 - 2032, (US$ Bn)
- Market Size and Forecast, By Application, 2020 - 2032 (US$ Bn)
- Market Size and Forecast, By Country, 2020 - 2032, (US$ Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East & Africa

8. Competitive Landscape

Market Share Analysis
Company Profiles
- Albemarle Corp.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Ganfeng Lithium Co., Ltd.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- SQM S.A.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Tianqi Lithium Corporation
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Livent Corp.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Lithium Americas Corp.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Pilbara Minerals
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Orocobre Limited Pty. Ltd.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Mineral Resources Group Co., Ltd.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Avalon Advanced Materials Inc.
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Sichuan Yahua Industrial Group Co. Ltd
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Morella Corporation Limited
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Mineral Resources
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Ganfeng Lithium Co. Ltd
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates
- Allkem Limited
  - Company Overview
  - Type Portfolio
  - Recent Developments/Updates

9. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

10. Section

References
Research Methodology
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