PUBLISHER: Grand View Research | PRODUCT CODE: 1842332
PUBLISHER: Grand View Research | PRODUCT CODE: 1842332
The Middle East lithium chemicals market size was estimated at USD 923.4 million in 2024 and is projected to reach USD 3,025.5 million by 2033, growing at a CAGR of 14.2% from 2025 to 2033. The market is driven by national strategies for economic diversification, which aim to reduce reliance on oil and gas.
This transition accelerates investments in clean energy and electric vehicles (EVs), with governments committing to building new domestic industrial ecosystems. Technological innovation is a major catalyst for the Middle East lithium chemicals industry's growth, with a focus on advanced extraction and processing methods. In January 2025, Aramco and Ma'aden signed a non-binding agreement to establish a joint venture for minerals exploration and mining in Saudi Arabia. The partnership includes plans to extract lithium from high-concentration deposits and to advance cost-effective direct lithium extraction (DLE) technologies. Commercial production of lithium chemicals is expected to begin around 2027.
Major government investments and strategic partnerships are shaping the market. In August 2024, the Qatar Investment Authority (QIA) made a significant USD 180 million investment in TechMet, a company focused on the critical minerals value chain, from extraction to recycling, to support projects that scale up the production and refining of its target critical minerals, including lithium.
Middle East Lithium Chemicals Market Report Segmentation
This report forecasts revenue growth at the regional and country level and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2033. For this study, Grand View Research has segmented the Middle East lithium chemicals market report based on product, end use, and region: