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PUBLISHER: Grand View Research | PRODUCT CODE: 1751274
PUBLISHER: Grand View Research | PRODUCT CODE: 1751274
Lithium Market Size, Share & Trends Analysis Report By Product (Carbonate, Hydroxide), By Application (Automotive, Consumer Goods, Grid Storage, Glass & Ceramics), By Region, And Segment Forecasts, 2025 - 2030
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Lithium Market Growth & Trends:
The global lithium market size is expected to reach USD 74.81 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to grow at a CAGR of 18.2% from 2025 to 2030. As the world moves toward a more sustainable future, the demand for grid-scale storage solutions is also growing for the expansion of renewable energy sources and the adoption of electric vehicles (EVs). Therefore, the demand for lithium is expected to increase as a major component in lithium-ion batteries that are used in EVs, consumer goods, and grid storage.
For example, in April 2023, Kyon Energy, a developer, secured the largest approved battery energy storage system (BESS) in Europe for a 275 MWh project in Germany. The grid fee exemptions for energy storage have been extended until 2029. Kyon Energy has received approval for a BESS project of 137.5MW/275MWh. Its construction is expected to begin in 2024 and will be commissioned by the end of 2025.
Lithium recycling is a complex process; however, with the rising penetration of lithium-ion batteries, the demand for lithium may outpace supply. Therefore, researchers are focusing on the extraction and recycling of lithium through various new technologies. Lithium compounds are extracted from batteries as per individual methods and stages. The stages are divided into pre-treatment and extraction stages, while extraction is again categorized into hydrometallurgy, pyrometallurgy, and electrochemical extraction. Despite the growing emphasis and development of different recycling technologies, less than 1% of lithium is recycled currently.
Asia Pacific's dominance can be attributed to the increased battery production and growth in manufacturing among end-use industries, including electronics, glass, and ceramics. Due to the high concentration of automotive and consumer electronics manufacturers in the region, Asia Pacific is anticipated to witness high growth over the forecast period.
Long-term supply agreements in the lithium industry are becoming increasingly common as end-users seek to mitigate risks associated with supply chain disruptions, price volatility, and regulatory compliance while also supporting sustainability and innovation. For instance, in May 2023, Nemaska Lithium signed a long-term deal with Ford for the supply of lithium products, especially lithium hydroxide. The agreement will last for 11 years and will entail the delivery of up to 13,000 mt of lithium hydroxide per year.
Lithium Market Report Highlights:
- Based on application, consumer electronics segment held the revenue share of 12.9% in 2024.
- The consumer electronics application segment is anticipated to register the fastest revenue CAGR of more than 27.6% from 2025 to 2030 in terms of revenue due to the high demand for electronic products, such as smartphones, laptops, wearables, portable speakers, and tablets.
- Asia Pacific was the largest regional market in 2024 in terms of both volume and revenue. The region's growth can be attributed to heavy investments in lithium mining and lithium-ion battery technologies.
- In terms of revenue, Europe held the second-largest market share in 2024. The growth of the region is attributable to the rising penetration of EVs and growing concerns about Greenhouse Gas (GHG) emissions
Product Code: GVR-4-68038-581-6
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Information Analysis
- 1.3.2. Data Analysis Models
- 1.3.3. Market Formulation & Data Visualization
- 1.3.4. Data Validation & Publishing
- 1.4. Research Scope and Assumptions
- 1.4.1. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Outlook
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Global Lithium Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Material Analysis
- 3.3. Technology Overview
- 3.4. Industry Trends
- 3.4.1. ESG Trends
- 3.4.2. Trade Scenario
- 3.5. Regulatory Framework
- 3.6. Market Dynamics
- 3.6.1. Market Driver Analysis
- 3.6.2. Market Restraint Analysis
- 3.6.3. Industry Challenges
- 3.7. Porter's Five Forces Analysis
- 3.7.1. Bargaining Power of Suppliers
- 3.7.2. Bargaining Power of Buyers
- 3.7.3. Threat of Substitution
- 3.7.4. Threat of New Entrants
- 3.7.5. Competitive Rivalry
- 3.8. PESTLE Analysis
- 3.8.1. Political Landscape
- 3.8.2. Economic Landscape
- 3.8.3. Social Landscape
- 3.8.4. Technology Landscape
- 3.8.5. Environmental Landscape
- 3.8.6. Legal Landscape
Chapter 4. Lithium Market: Product Outlook Estimates & Forecasts
- 4.1. Lithium Market: Product Movement Analysis, 2024 & 2030
- 4.2. Carbonate
- 4.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.3. Hydroxide
- 4.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 4.4. Others
- 4.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 5. Lithium Market: Application Outlook Estimates & Forecasts
- 5.1. Lithium Market: Application Movement Analysis, 2024 & 2030
- 5.2. Automotive
- 5.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.3. Consumer Goods
- 5.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.4. Grid Storage
- 5.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.5. Glass & Ceramics
- 5.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 5.6. Others
- 5.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
Chapter 6. Lithium Market Regional Outlook Estimates & Forecasts
- 6.1. Regional Analysis, 2024 & 2030
- 6.2. North America
- 6.2.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.4. U.S.
- 6.2.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.5. Canada
- 6.2.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.6. Mexico
- 6.2.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.2.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.3. Europe
- 6.3.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4. Germany
- 6.3.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5. France
- 6.3.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.3.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4. Asia Pacific
- 6.4.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4. China
- 6.4.4.1. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.4.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5. South Korea
- 6.4.5.1. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.5.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6. Japan
- 6.4.6.1. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.4.6.2. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.5. Latin America
- 6.5.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.5.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- 6.6. Middle East & Africa
- 6.6.1. Market estimates and forecasts, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.2. Market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- 6.6.3. Market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
Chapter 7. Competitive Landscape
- 7.1. Key Recent Developments & Impact Analysis, By Key Market Participants
- 7.2. Company Categorization
- 7.3. Company Market Share
- 7.4. Heat Map Analysis
- 7.5. Company Market Ranking
- 7.6. Vendor Landscape
- 7.6.1. List of equipment suppliers
- 7.6.2. List of distributors
- 7.6.3. List of other prominent manufacturers
- 7.6.4. List of prospective end-users
- 7.7. Strategy Mapping
- 7.8. Company Profiles/Listing
- 7.8.1. Albemarle Corporation
- 7.8.1.1. Company Overview
- 7.8.1.2. Financial Performance
- 7.8.1.3. Product Benchmarking
- 7.8.2. Ganfeng Lithium Co., Ltd.
- 7.8.2.1. Company Overview
- 7.8.2.2. Financial Performance
- 7.8.2.3. Product Benchmarking
- 7.8.3. SGM S.A.
- 7.8.3.1. Company Overview
- 7.8.3.2. Financial Performance
- 7.8.3.3. Product Benchmarking
- 7.8.4. Livert Corp.
- 7.8.4.1. Company Overview
- 7.8.4.2. Financial Performance
- 7.8.4.3. Product Benchmarking
- 7.8.5. Pilbara Minerals
- 7.8.5.1. Company Overview
- 7.8.5.2. Financial Performance
- 7.8.5.3. Product Benchmarking
- 7.8.6. Lithium America Corp.
- 7.8.6.1. Company Overview
- 7.8.6.2. Financial Performance
- 7.8.6.3. Product Benchmarking
- 7.8.7. Oracobre Limited
- 7.8.7.1. Company Overview
- 7.8.7.2. Financial Performance
- 7.8.7.3. Product Benchmarking
- 7.8.8. Tianqi Lithium Corporation
- 7.8.8.1. Company Overview
- 7.8.8.2. Financial Performance
- 7.8.8.3. Product Benchmarking
- 7.8.9. Mineral Resources Group Co., Ltd.
- 7.8.9.1. Company Overview
- 7.8.9.2. Financial Performance
- 7.8.9.3. Product Benchmarking
- 7.8.1. Albemarle Corporation
Product Code: GVR-4-68038-581-6
List of Tables
- Table 1 Lithium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 2 Lithium market estimates and forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 3 Lithium market estimates and forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- Table 4 North America lithium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 5 North America lithium market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 6 North America lithium market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- Table 7 U.S. lithium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 8 U.S. lithium market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 9 U.S. lithium market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- Table 10 Canada lithium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 11 Canada lithium market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 12 Canada lithium market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- Table 13 Mexico lithium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 14 Mexico lithium market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 15 Mexico lithium market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- Table 16 Europe lithium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 17 Europe lithium market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 18 Europe lithium market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- Table 19 Germany lithium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 20 Germany lithium market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 21 Germany lithium market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- Table 22 France lithium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 23 France lithium market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 24 France lithium market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- Table 25 Asia Pacific lithium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 26 Asia Pacific lithium market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 27 Asia Pacific lithium market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- Table 28 China lithium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 29 China lithium market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 30 China lithium market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- Table 31 Japan lithium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 32 Japan lithium market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 33 Japan lithium market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- Table 34 South Korea lithium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 35 South Korea lithium market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 36 South Korea lithium market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- Table 37 Central & South Africa lithium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 38 Central & South Africa lithium market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 39 Central & South Africa lithium market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
- Table 40 Middle East & Africa lithium market estimates & forecasts, 2018 - 2030 (USD Million) (Kilotons)
- Table 41 Middle East & Africa lithium market estimates & forecasts, by product, 2018 - 2030 (USD Million) (Kilotons)
- Table 42 Middle East & Africa lithium market estimates & forecasts, by application, 2018 - 2030 (USD Million) (Kilotons)
List of Figures
- Fig. 1 Market Segmentation
- Fig. 2 Information Procurement
- Fig. 3 Data Analysis Models
- Fig. 4 Market Formulation and Validation
- Fig. 5 Market Snapshot
- Fig. 6 Segmental Outlook - Product and Application
- Fig. 7 Competitive Outlook
- Fig. 8 Global Lithium Market 2018 - 2030 (USD Million) (Kilotons)
- Fig. 9 Lithium Market - Value Chain Analysis
- Fig. 10 Value Chain Analysis
- Fig. 11 Market Dynamics
- Fig. 12 Porter's Analysis
- Fig. 13 PESTEL Analysis
- Fig. 14 Lithium Market By Product: Key Takeaways
- Fig. 15 Lithium Market By Product: Market Share 2025 & 2030
- Fig. 16 Lithium Market By Application: Key Takeaways
- Fig. 17 Lithium Market By Application: Market Share 2025 & 2030
- Fig. 18 Lithium Market: Regional Analysis 2025 & 2030
- Fig. 19 Lithium Market By Region
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