PUBLISHER: IMARC | PRODUCT CODE: 1451255
PUBLISHER: IMARC | PRODUCT CODE: 1451255
North America Lithium Compound Market Report by Type, End-Use, and Country 2024-2032
The North America lithium compound market size reached 68,008.2 Tons LCE in 2023. Looking forward, IMARC Group expects the market to reach 169,919.3 Tons LCE by 2032, exhibiting a growth rate (CAGR) of 10.4% during 2024-2032.
Lithium is a silvery-white alkali metal, which is stored in mineral oil owing to its highly reactive and flammable nature. As a result of its corrosive nature in moist air, lithium never occurs freely. Both lithium and its compounds find several industrial applications in the production of batteries, steel and aluminum, heat-resistant glass and ceramics, grease lubricants, flux additives, automotive parts, etc. The lithium compound market in the region is being driven by the rising demand for lithium-ion batteries for devices such as laptops, mobile phones and calculators. Moreover, recent advances in the lithium battery technology has expanded its application from the healthcare sector for cardiac pacemakers to military operations for thermal batteries.
The North America lithium compound market is currently being driven by several factors. A majority of the population in the region depends on electronic gadgets, like smartphones, tablets and laptops, for communication along with other daily activities. As a result, they consistently upgrade these devices, in turn, supporting the growth of the lithium compound market. Moreover, the implementation of the Paris Agreement has stimulated the demand for electric vehicles in the region, in order to mitigate greenhouse gas (GHG) emissions. This is impacting the market positively as electric vehicles employ lithium compound products in the form of a major component. Apart from this, the booming construction sector has led to an escalated demand for different types of glass and ceramics, thereby bolstering the growth of the industry. Further, expanding application of lithium-ion batteries across the healthcare and automotive sectors is also providing a thrust to the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the North America lithium compound market report, along with forecasts at the regional and country level from 2024-2032. Our report has categorized the market based on type and end-use.
Key Regions Analysed
United States
Canada
Mexico
Analysis for Each Country
Market by Type
Lithium Carbonate
Lithium Hydroxide
Lithium Concentrate
Lithium Metal
Lithium Chloride
Butyllithium
Others
Market by End-Use
Batteries
Glass and Glass Ceramics
Automotive Parts
Greases
Metallurgy
Polymer
Air Treatment
Others
Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
Competitive Structure
Key Player Profiles
Key Questions Answered in This Report
- 1. What was the size of the North America lithium compound market in 2023?
- 2. What is the expected growth rate of the North America lithium compound market during 2024-2032?
- 3. What are the key factors driving the North America lithium compound market?
- 4. What has been the impact of COVID-19 on the North America lithium compound market?
- 5. What is the breakup of the North America lithium compound market based on the type?
- 6. What is the breakup of the North America lithium compound market based on the end-use?
- 7. What are the key regions in the North America lithium compound market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Lithium Compound Market
- 5.1 Market Performance
- 5.2 Market Breakup by Type
- 5.3 Market Breakup by End-Use
- 5.4 Market Breakup by Region
- 5.5 Market Forecast
6 North America Lithium Compound Market
- 6.1 Market Performance
- 6.2 Impact of COVID-19
- 6.3 Market Forecast
7 North America Lithium Compound Market: Breakup by Type
- 7.1 Lithium Carbonate
- 7.2 Lithium Hydroxide
- 7.3 Lithium Concentrate
- 7.4 Lithium Metal
- 7.5 Lithium Chloride
- 7.6 Butyllithium
- 7.7 Other Lithium Compound
8 North America Lithium Compound Market: Breakup by End-Use
- 8.1 Batteries
- 8.2 Glass and Glass Ceramics
- 8.3 Automotive Parts
- 8.4 Greases
- 8.5 Metallurgy
- 8.6 Polymer
- 8.7 Air Treatment
- 8.8 Others
9 North America Lithium Compound Market: Breakup by Country
- 9.1 United States
- 9.1.1 Historical Market Trends
- 9.1.2 Market Breakup by Type
- 9.1.3 Market Breakup by End-Use
- 9.1.4 Market Forecast
- 9.2 Canada
- 9.2.1 Historical Market Trends
- 9.2.2 Market Breakup by Type
- 9.2.3 Market Breakup by End-Use
- 9.2.4 Market Forecast
- 9.3 Mexico
- 9.3.1 Historical Market Trends
- 9.3.2 Market Breakup by Type
- 9.3.3 Market Breakup by End-Use
- 9.3.4 Market Forecast
10 SWOT Analysis
- 10.1 Overview
- 10.2 Strengths
- 10.3 Weaknesses
- 10.4 Opportunities
- 10.5 Threats
11 Value Chain Analysis
- 11.1 Overview
- 11.2 Research and Development
- 11.3 Raw Material Procurement
- 11.4 Manufacturing
- 11.5 Distribution
- 11.6 Export
- 11.7 End-Use
12 Porter's Five Forces Analysis
- 12.1 Overview
- 12.2 Bargaining Power of Buyers
- 12.3 Bargaining Power of Suppliers
- 12.4 Degree of Rivalry
- 12.5 Threat of New Entrants
- 12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
- 14.1 Market Structure
- 14.2 Key Players
- 14.3 Profiles of Key Players
List of Figures
- Figure 1: North America: Lithium Compound Market: Major Drivers and Challenges
- Figure 2: Global: Lithium Compound Market: Sales Volume (in Tons LCE), 2018-2023
- Figure 3: Global: Lithium Compound Market: Breakup by Type (in %), 2023
- Figure 4: Global: Lithium Compound Market: Breakup by End-Use (in %), 2023
- Figure 5: Global: Lithium Compound Market: Breakup by Region (in %), 2023
- Figure 6: Global: Lithium Compound Market Forecast: Sales Volume (in Tons LCE), 2024-2032
- Figure 7: North America: Lithium Compound Market: Sales Volume (in Tons LCE), 2018-2023
- Figure 8: North America: Lithium Compound Market Forecast: Sales Volume (in Tons LCE), 2024-2032
- Figure 9: North America: Lithium Compound Market: Breakup by Type (in %), 2023
- Figure 10: North America: Lithium Compound (Lithium Carbonate) Market: Sales Volume (in Tons LCE), 2018 & 2023
- Figure 11: North America: Lithium Compound (Lithium Carbonate) Market Forecast: Sales Volume (in Tons LCE), 2024-2032
- Figure 12: North America: Lithium Compound (Lithium Hydroxide) Market: Sales Volume (in Tons LCE), 2018 & 2023
- Figure 13: North America: Lithium Compound (Lithium Hydroxide) Market Forecast: Sales Volume (in Tons LCE), 2024-2032
- Figure 14: North America: Lithium Compound (Lithium Concentrate) Market: Sales Volume (in Tons LCE), 2018 & 2023
- Figure 15: North America: Lithium Compound (Lithium Concentrate) Market Forecast: Sales Volume (in Tons LCE), 2024-2032
- Figure 16: North America: Lithium Compound (Lithium Metal) Market: Sales Volume (in Tons LCE), 2018 & 2023
- Figure 17: North America: Lithium Compound (Lithium Metal) Market Forecast: Sales Volume (in Tons LCE), 2024-2032
- Figure 18: North America: Lithium Compound (Lithium Chloride) Market: Sales Volume (in Tons LCE), 2018 & 2023
- Figure 19: North America: Lithium Compound (Lithium Chloride) Market Forecast: Sales Volume (in Tons LCE), 2024-2032
- Figure 20: North America: Lithium Compound (Butyllithium) Market: Sales Volume (in Tons LCE), 2018 & 2023
- Figure 21: North America: Lithium Compound (Butyllithium) Market Forecast: Sales Volume (in Tons LCE), 2024-2032
- Figure 22: North America: Lithium Compound (Other Compounds) Market: Sales Volume (in Tons LCE), 2018 & 2023
- Figure 23: North America: Lithium Compound (Other Compounds) Market Forecast: Sales Volume (in Tons LCE), 2024-2032
- Figure 24: North America: Lithium Compound Market: Breakup by End-Use (in %), 2023
- Figure 25: North America: Lithium Compound (Batteries) Market: Sales Volume (in Tons LCE), 2018 & 2023
- Figure 26: North America: Lithium Compound (Batteries) Market Forecast: Sales Volume (in Tons LCE), 2024-2032
- Figure 27: North America: Lithium Compound (Glass and Glass Ceramics) Market: Sales Volume (in Tons LCE), 2018 & 2023
- Figure 28: North America: Lithium Compound (Glass and Glass Ceramics) Market Forecast: Sales Volume (in Tons LCE), 2024-2032
- Figure 29: North America: Lithium Compound (Automotive Parts) Market: Sales Volume (in Tons LCE), 2018 & 2023
- Figure 30: North America: Lithium Compound (Automotive Parts) Market Forecast: Sales Volume (in Tons LCE), 2024-2032
- Figure 31: North America: Lithium Compound (Greases) Market: Sales Volume (in Tons LCE), 2018 & 2023
- Figure 32: North America: Lithium Compound (Greases) Market Forecast: Sales Volume (in Tons LCE), 2024-2032
- Figure 33: North America: Lithium Compound (Metallurgy) Market: Sales Volume (in Tons LCE), 2018 & 2023
- Figure 34: North America: Lithium Compound (Metallurgy) Market Forecast: Sales Volume (in Tons LCE), 2024-2032
- Figure 35: North America: Lithium Compound (Polymer) Market: Sales Volume (in Tons LCE), 2018 & 2023
- Figure 36: North America: Lithium Compound (Polymer) Market Forecast: Sales Volume (in Tons LCE), 2024-2032
- Figure 37: North America: Lithium Compound (Air Treatment) Market: Sales Volume (in Tons LCE), 2018 & 2023
- Figure 38: North America: Lithium Compound (Air Treatment) Market Forecast: Sales Volume (in Tons LCE), 2024-2032
- Figure 39: North America: Lithium Compound (Other Uses) Market: Sales Volume (in Tons LCE), 2018 & 2023
- Figure 40: North America: Lithium Compound (Other Uses) Market Forecast: Sales Volume (in Tons LCE), 2024-2032
- Figure 41: North America: Lithium Compound Market: Breakup by Country (in %), 2023
- Figure 42: United States: Lithium Compound Market: Sales Volume (in Tons LCE), 2018-2023
- Figure 43: United States: Lithium Compound Market: Breakup by Type (in %), 2023
- Figure 44: United States: Lithium Compound Market: Breakup by End-Use (in %), 2023
- Figure 45: United States: Lithium Compound Market Forecast: Sales Volume (in Tons LCE), 2024-2032
- Figure 46: Canada: Lithium Compound Market: Sales Volume (in Tons LCE), 2018-2023
- Figure 47: Canada: Lithium Compound Market: Breakup by Type (in %), 2023
- Figure 48: Canada: Lithium Compound Market: Breakup by End-Use (in %), 2023
- Figure 49: Canada: Lithium Compound Market Forecast: Sales Volume (in Tons LCE), 2024-2032
- Figure 50: Mexico: Lithium Compound Market: Sales Volume (in Tons LCE), 2018-2023
- Figure 51: Mexico: Lithium Compound Market: Breakup by Type (in %), 2023
- Figure 52: Mexico: Lithium Compound Market: Breakup by End-Use (in %), 2023
- Figure 53: Mexico: Lithium Compound Market Forecast: Sales Volume (in Tons LCE), 2024-2032
- Figure 54: North America: Lithium Compound Industry: SWOT Analysis
- Figure 55: North America: Lithium Compound Industry: Value Chain Analysis
- Figure 56: North America: Lithium Compound Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: North America: Lithium Compound Market: Key Industry Highlights, 2023 and 2032
- Table 2: North America: Lithium Compound Market Forecast: Breakup by Type (in Tons LCE), 2024-2032
- Table 3: North America: Lithium Compound Market Forecast: Breakup by End-Use (in Tons LCE), 2024-2032
- Table 4: North America: Lithium Compound Market Forecast: Breakup by Country (in Tons LCE), 2024-2032
- Table 5: North America: Lithium Compound Market: Competitive Structure
- Table 6: North America: Lithium Compound Market: Key Players
