How big is the Lithium Market?

The Lithium Market size is expected to reach 0.71 million LCE tons in 2024 and grow at a CAGR of 19.57% to reach 1.72 million LCE tons by 2029. Read More

What is the current Lithium Market size?

In 2024, the Lithium Market size is expected to reach 0.71 million LCE tons. Read More

Who are the key players in Lithium Market?

Albemarle Corporation, SQM S.A., Tianqi Lithium, Livent and Allkem Limited are the major companies operating in the Lithium Market. Read More

Which is the fastest growing region in Lithium Market?

Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Lithium Market?

In 2024, the Asia-Pacific accounts for the largest market share in Lithium Market. Read More

What years does this Lithium Market cover, and what was the market size in 2023?

In 2023, the Lithium Market size was estimated at 0.59 million LCE tons. The report covers the Lithium Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Lithium Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Which segment is expected to dominate the Lithium Market?

The battery application segment is expected to dominate the Lithium Market due to the rising demand for EVs and consumer electronics. Read More

Lithium Market Report | Industry Analysis, Size & Forecast

Lithium Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Global Lithium Market Report is Segmented by Type (Metal, Compound, and Alloy), Application (Battery, Grease, Air Treatment, Pharmaceuticals, Glass/Ceramic (Including Frits), Polymer, and Other Applications), End-user Industry (Industrial, Consumer Electronics, Energy Storage, Medical, Automotive, and Other End-user Industries), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East and Africa). The report offers market size and forecasts for lithium in volume in lithium carbonate equivalent (LCE) kilotons for all the above segments.

Lithium Industry Overview

The global lithium market is consolidated in nature, with the top five players holding more than 80% share of the global production outputs. Some of the major players in the market include (not in any particular order) Albemarle Corporation, SQM SA, Tianqi Lithium, Livent, and Allkem Limited, among other companies.