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Lithium Market Size, Share & COVID-19 Impact Analysis, By Product (Carbonate, Hydroxide, Others), By Application (Batteries, Glass & Ceramics, Lubricant, Medical, Polymers, Metallurgy, Others), and Geography Forecast, 2021-2028

Region : Global | Format: PDF | Report ID: FBI104052

 

KEY MARKET INSIGHTS

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The global lithium market size was USD 3.64 billion in 2020. The market is projected to grow from USD 3.83 billion in 2021 to USD 6.62 billion in 2028 at a CAGR of 8.1% during the 2021-2028 period. The impact of COVID-19 has been unprecedented and staggering, with lithium witnessing a negative impact on demand across all regions amid the pandemic. Based on our analysis, the global market exhibited a decline of 10.9% in 2020 as compared to the average year-on-year growth during 2017-2019. The sudden rise in CAGR is attributable to this market’s demand and growth, returning to pre-pandemic levels once the pandemic is over.


Rapid advancements in the rechargeable batteries for laptops, mobile phones, electric vehicles, and digital cameras, driven by the growth in the Li-ion battery market globally shall fuel the product demand. Rising demand for batteries, lubricants, glass & ceramics, foundry and others is expected to foster the growth of the market.


The growing adoption of hybrid and electric vehicles, high drain portable electronics, and energy storage systems has had a huge impact on the growth of the overall market. The rise in adoption of electrics vehicle is attributable to the growing concerns surrounding environmental pollution as EVs reduces carbon emission. Government in several countries across the world are implementing strict emission standards to reduce and control carbon emissions, thus augmenting the market growth. The Paris Agreement aims to reduce the greenhouse gas (GHG) emission by at least 40% up to 2030, under its 2030 climate and energy framework.


COVID-19 Outbreak to Impact Battery Sector


The COVID-19 pandemic has rattled the global industrial production by disrupting the raw materials as well as intermediates of the supply chain. The pandemic has had a drastic impact on the manufacturing sector globally. Companies are remodeling their supply chains, especially industries that are dependent on import business.


Li-ion battery (LIB) is likely to play a major role in the highly electrified transport sector. The coronavirus outbreak has hindered the battery and electric vehicle (EV) markets. The International Energy Agency (IEA) projected that the pandemic will cause a 15% contraction in 2020, affecting the passenger car market and EV market. Li batteries are used in medical devices including the ventilators during this COVID-19 pandemic. In July 2020, Pure EV, an electric vehicle manufacturing company announced that it will be supplying Li batteries to the healthcare companies that are engaged in the fight against the novel coronavirus across India.


LATEST TRENDS


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Companies Creating Environmentally Sustainable Solutions for Lithium Ion Battery (LIB) and Electric Vehicles (EVs)


The growth of the Li-Ion battery market has subsequently led to a rise in the product demand. LIBs are a crucial component to clean up the environment. The battery of a Tesla Model S has about 12 kilograms of Li in it, whereas grid storage solutions will help balance the renewable energy. Recently, IBM has developed a new battery type that is free of nickel, cobalt, and other heavy metals, thus avoiding the humanitarian and environmental issues related to Li-ion technology. The battery is made from seawater, and the researchers at IBM claimed that this concept could help eliminate the need for heavy metals in the production of battery.


Electric vehicle companies and carmakers are constantly changing their preferences depending on the cathode characteristics in terms of safety, stability, life, cost, and energy density. EVs are promoted as a sustainable transportation choice on account of life-cycle basis, as they emit fewer GHG than conventional vehicles. For instance, Tesla is planning for next-generation EV batteries that would focus on introducing Li-iron phosphate batteries to market. This will cut the vehicle costs, extend the vehicle range up to 400 miles or more, and enable the batteries to last as long as 1 million miles. Additionally, the company is planning to implement high speed, heavily automated battery manufacturing process that is basically designed to increase the mass production and reduce labor costs.


DRIVING FACTORS


Increasing Adoption of Electric Vehicle Will Aid Market Growth  


The evolution of the automotive industry over the past few years, coupled with technological advances will have a massive impact on the EV market. EVs are designed to replace conventional travelling ways owing to advancement in technology, low carbon emission, low maintenance, smoother drive, convenience of charging at home, reduced engine sound, and high fuel economy. EVs help reduce air pollution in densely populated areas and GHG emissions.


Rise in demand for high performance, low emission, and fuel efficient vehicles, coupled with strict government norms toward vehicle emission, shall aid in electric vehicle market growth. According to the International Energy Agency (IEA), the volume of sales of electric cars was around 2.1 million worldwide in 2019. Electric cars accounted for 2.6% of the global car sales and around 1% of the global car stock in 2019, registering a 40% Y-o-Y increase. With rapid technological advances in the electrification of trucks, buses, and two or three wheelers increases, the demand for electric vehicles is also escalating significantly.


Batteries are crucial for hybrid electric vehicles (HEVs), all-electric vehicles (EVs), and plug-in hybrid electric vehicles (PHEVs). EVs using Li batteries could considerably reduce the emissions associated with road vehicle transport. Most of the manufacturers are integrating LIB in electric vehicles. For example, Groupe Renault’s ZOE car is the Europe's best-selling electric car. The Renault Zoe is made in two variants, namely R110 and R135, having 400V, 52 kWh Li-ion battery pack that weighs around 326 kilograms. Also, the company plans to bring electric cars in the Indian market by 2022. Kwid’s electric version is presently a success in China and will be introduced in India soon.


RESTRAINING FACTORS


Environmental Concern and Recycling May Hinder the Market Growth


Li extraction has a significant social and environmental impact, especially due to water depletion and pollution. Also, to process Li; toxic chemicals are required. The release of such toxic chemicals through air emission, leaching, or spills can harm the ecosystem, food production, and communities. The Li extraction inevitably damages the soil and causes air pollution. In Argentina, locals claimed that the operations have contaminated the streams used by livestock and humans.


Also, there is a concern regarding the product recycling. Low collection rate, volatility in lithium prices, and high recycling costs have contributed to the absence of Li recycling. The probable scope for product recycling is complicated as the material is highly reactive, flammable, and toxic.


SEGMENTATION


By Product Analysis


Carbonate Segment to Hold Dominant Share in the Global Market


On the basis of product, the market is categorized into carbonate, hydroxide, and others.


Lithium carbonate (Li2CO3) held a dominant market share in 2020. It is also known as Li salt that is preferably used for processing metal oxides. Carbonate is extracted from brines and the first compound in the production chain. It is used in the pharmaceutical industry to make medicines for treating patients suffering from bipolar disorder, and to prevent cluster headaches. Also, Li2CO3 is widely used in the automotive industry owing to the increasing sale of electric vehicles, thus providing impetus to the growth of this market.


Advances in batteries have created a huge demand for lithium hydroxide market, which is expected to witness highest CAGR during the forecast period. It is manufactured from varied sources such as petroleum hard rocks and brines. Several manufacturers across the world are constructing plants to expand the overall business and secure a place in the value chain. For example, in March 2019, Albemarle started construction work of Li-hydroxide (LiOH) processing plant in Kemerton, Western Australia for USD 709.4 million. Once the plant is operational, it will produce up to 100,000 tons per annum of premium battery grade LiOH.


It is extensively used in the production of Li-ion batteries, energy storage systems, and electric vehicles. In 2019, China produced around 79% of Li-hydroxide that are used in electric car batteries. Due to the global pandemic, most of the western carmakers will localize the supplies of Li for electric car batteries.


By Application Analysis


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Batteries to hold Major Share in Market


On the basis of application, the market is segmented into batteries, glass & ceramics, lubricant, medical, polymers, metallurgy, and others.


The batteries segment accounted for major market share in 2020 and is likely to continue its dominance during the forecast timeframe. Li batteries are used in many combinations of active materials for the cathode, electrolyte, and anode. They are either primary or secondary batteries. Primary batteries are used in cameras, calculators, electronics games, watches, computers, and other devices. Whereas, secondary batteries are used in portable computers, telephones, tablets, electric vehicles, cordless tolls, and video cameras.


Surge in the sale of electric vehicles owing to rise in per capita disposable income and user preferences shall drive the Li-ion battery market. The demand for rechargeable battery will decline due to coronavirus outbreak, thus contributing to a downfall of the automotive industry. As per the BloombergNEF forecast, battery consignments to the carmakers are likely to fall about 14% in 2020, and the slowdown effects may linger in the coming years.


Li2CO3 is used to lower the temperature and thermal expansion in glass and ceramics applications. It is used in glass-ceramics cooktops as it reduces thermal expansion, ensures color consistency, increases mould strength, improves durability, lowers viscosity, and increases melt rate. SCHOTT AG, specializes in manufacturing glass and glass-ceramics, uses lithium aluminum silicate system in the production of glass-ceramics, such as CERAN cooktop panels, ZERODUR glass-ceramic fire protection glasses and security, and ROBAX fire viewing windows for fireplaces.


Li greases are semisolid lubricants that are thicker than oil, and are applied to moving components. They extend equipment life by reducing the wear and tear that occurs when metal rubs against metal. Lubricating greases consist of a thickener, additives, and base oil. They are used for moderate-temperature and medium-speed applications on machines parts, ball bearings, conveyors, automobile components such as gears, chassis, and wheel bearings, and other moving parts.


REGIONAL INSIGHTS


Asia Pacific Lithium Market Size, 2020 (USD Billion)

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The market in North America is likely to rise at a considerable pace during the forecast period. The increasing adoption of cleaner energy sources due to stringent regulatory rules is surging the regional growth. The Environmental Protection Agency (EPA) has various schemes and funding programs that support the usage of green and sustainable source of energy like solar, wind, geothermal and others. The increasing adoption of solar panels has created a substantial demand for cells and batteries to store the energy.


Li batteries are used in the aerospace sector to electrify aircraft, helicopters, and satellites. The increasing adoption of Li-ion batteries in space applications shall increase the product demand. For instance, in a technology transfer program of NASA, the gas-powered engines of air-crafts were replaced by LIB packs designed by NASA and other contractor partnerships. These factors will contribute to the growth of the market in North America.


Asia Pacific is estimated to hold the maximum share in the global market, owing to widespread product usage in the industrial and commercial sectors, including power, consumer electronics, chemical, industrial, general manufacturing, and others. Asia Pacific is rapidly developing due to various government initiatives and increasing foreign investments in the industrial sector. According to a research, China has the largest reserves of Li in the world. The easy availability of raw materials is considered to be one of the factors supporting the lithium market growth.


Additionally, the presence of a large number of Li and its derivatives producing companies in emerging countries like India, Taiwan, Japan, South Korea, and China are surging the product demand. China is one of the largest producers of electronic components like fuel cells, batteries, and capacitors. There has been advancement in the fuel cell technologies for electronic vehicles to aid the rules set by the government to reduce the pollution that occurs due to the burning of petrochemicals and gasoline.


Increasing consumer awareness about the environmental benefits of clean energy source is shifting the preference from conventional transport vehicles to electronic vehicles. The need of cleaner energy sources has substantially increased the demand for Li batteries and solar cells. The adoption of these clean energy resources by the industrial as well as domestic sectors is boosting the regional market.


Europe has witnessed a significant industrial development in the last decade. The increasing investment of the European Union for R&D in automobile, ICT and healthcare sectors is the main factor driving the growth. According to the European Automobile Manufacturers Association (ACEA,) Europe manufactured about 20% of the total motor vehicles in 2019 of which 3% of the marked was shared by electronic vehicles.


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South America accounts for around 70% of the world’s Li reserves, where the metal is used in rechargeable batteries for EVs and mobile phones. Chile produces Li, which is cheap and high quality. Chile’s government is allowing new entrants as the market is consolidated in nature in the region.


KEY INDUSTRY PLAYERS


Acquisition, Partnerships, and Capacity Expansion are the Key Strategic Initiatives Adopted by the Companies


Major players operating in this market are Albemarle, SQM S.A., FMC Corporation, Avalon Advanced Materials, and others. Companies are involved in capacity expansion, new product launch, joint venture, acquisition, and partnership to gain a competitive edge in the market.



  • In January 2021, Albemarle Corporation expanded its capacity at the company's Li production facility in Silver Peak, Nevada, the U.S.

  • In May 2021, SQM continues to expand its Li carbonate and hydroxide production plants in Chile. The company is on track to complete its expansion to achieve capacity of 120 KT per year of Li2CO3 and 21.5 KT per year LiOH by the end of 2021.

  • In June 2021, Schlumberger New Energy collaborated with Panasonic Energy of North America, a division of Panasonic Corporation for the optimization and validation of the sustainable and innovative lithium extraction and production process to be used by Schlumberger New Energy at its Neolith Energy pilot plant in Nevada. This collaborative agreement will improve Li production solutions that will help meet the expected surge in product demand as the electric vehicle (EV) market is growing globally.


Also, manufacturers are focusing on R&D trends to deliver high performance, production, and development of batteries. In July 2020, the U.S. Department of Energy’s (DOE) Argonne National Laboratory collaborated with Hong Kong University of Science and Technology (HKUST), developed a new particle-level cathode coating for LIBs to increase their safety and life. Also, researchers at DOE have launched a LIB recycling center, ReCell Center, at Argonne National Laboratory. These recycled materials can be used in new batteries thus reducing the production costs by 10% to 30%, thereby lowering the overall EV batteries cost.


XNRGI is a company that deals with next generation energy storage for Li batteries. The company provides grid-scale energy storage and introduced a porous silicon XNRGI storage technology for rechargeable battery.


In addition, battery developers are using lithium silicon battery that boosts up the battery capacity by up to 70%. So, batteries with silicon anodes are expanding the market for electronics and wearable. For example, Enevate is using an engineered porous film made mainly of pure silicon. 


LIST OF KEY COMPANIES PROFILED:



KEY INDUSTRY DEVELOPMENTS:



  • June 2021 - Ganfeng Lithium announced to increase its Li2CO3production by 600,000 tons equivalent a year, as demand for the commodity used in electric-vehicle batteries increases. The company will sell around USD 630 million in new shares to boost capacity and fund potential investments.

  • June 2020 – GBRacing launched its new zero-e sustainability truck with MG Li-Ion Batteries. The trucks will run entirely on MG LIB and solar power technology. The combination of these two will provide enough energy to shower, cook, power phones and laptops and other electricity needs for at least four days.

  • January 2020 – Kyocera, a Japanese electronics company, launched the world’s first SemiSolid LIB. It offers a new cell architecture developed by battery start-up 24M, in the U.S., which considerably improves the battery economics. The product is available in 5 kWh, 10 kWh, and 15 kWh models and these devices feature semi-solid Li-ion battery architecture.


REPORT COVERAGE


An Infographic Representation of Lithium Market

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The global lithium market report provides a detailed forecast analysis of the market and focuses on crucial aspects such as leading companies, products, and applications. Also, the report offers insights into market trends and highlights vital industry developments. This report includes historical data & forecasts revenue growth at global, regional, and country levels, and analyzes the industry's latest market dynamics and opportunities. In addition to the factors mentioned above, the report encompasses various factors contributing to the market's growth in recent years.


Report Scope & Segmentation


















































ATTRIBUTE



  DETAILS



Study Period



2017-2028



Base Year



2020



Estimated Year



  2021



Forecast Period



2021-2028



Historical Period



2017-2019



Unit



Value (USD Billion); Volume (Tons)



Segmentation



Product; Application; and Region



By Product




  • Carbonate

  • Hydroxide

  • Others



By Application




  • Batteries

  • Glass & Ceramics

  • Lubricant

  • Medical

  • Polymers

  • Metallurgy

  • Others



By Region




  • North America (By Product, By Application, By Country)



      • U.S. (By Application)

      • Canada (By Application)

      • Mexico (By Application)





  • Europe (By Product, By Application, By Country)



      • Germany (By Application)

      • U.K. (By Application)

      • France (By Application)

      • Spain (By Application)

      • Rest of Europe (By Application)





  • Asia Pacific (By Product, By Application, By Country)



      • China (By Application)

      • Japan (By Application)

      • India (By Application)

      • Australia (By Application)

      • Rest of Asia Pacific (By Application)





  • South America (By Product, By Application, By Country)



      • Brazil (By Application)

      • Argentina (By Application)

      • Chile (By Application)

      • Rest of South America (By Application)





  • Middle East & Africa (By Product, By Application, By Country)



      • Saudi Arabia (By Application)

      • South Africa (By Application)

      • UAE (By Application)

      • Rest of the Middle East & Africa (By Application)







Frequently Asked Questions

Fortune Business Insights says that the global market size was USD 3.64 billion in 2020 and is projected to reach USD 6.62 billion by 2028.

In 2020, Asia Pacific stood at USD 1.08 billion.

Growing at a CAGR of 8.1%, the market will exhibit steady growth in the forecast period (2021-2028).

Batteries segment is expected to be the leading segment under the application segment in this market during the forecast period.

Rapid evolution with ongoing development in the electric vehicle sector is a key factor driving the market growth.

Albemarle Corporation, SQM, FMC Corporation, Livent, and Avalon Advanced Materials Inc. are a few of the leading players in the global market.

Asia Pacific dominated the global market in 2020.

The continuous growth in the Li-Ion battery market is expected to surge the product demand.

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Table of Content:

  1. Introduction
    1. Research Scope
    2. Market Segmentation
    3. Research Methodology
    4. Definitions and Assumptions
  2. Executive Summary
  3. Market Dynamics
    1. Market Drivers
    2. Market Restraints
    3. Market Opportunities
    4. Emerging Trends
  4. Key Insights
    1. Key Emerging Trends – For Major Countries
    2. Industry SWOT Analysis
    3. Regulatory Analysis
    4. Recent Industry Developments - Policies, Joint Ventures, Collaboration, Partnerships, New Product  Launches, and Mergers & Acquisitions
  5. Global Lithium Market Analysis, Insights and Forecast, 2017-2028
    1. Key Findings / Summary
    2. Market Size Estimates and Forecast 
      1. By Product (Value/Volume)
        1. Carbonate
        2. Hydroxide
        3. Others
      2. By Application (Value/Volume)
        1. Batteries
        2. Glass & Ceramics
        3. Lubricant
        4. Medical
        5. Polymers
        6. Metallurgy
        7. Others
      3. By Region (Value/Volume)
        1. North America
        2. Europe
        3. Asia Pacific
        4. South America
        5. Middle East & Africa
  6. North America Lithium Market Analysis, Insights and Forecast, 2017-2028
    1. Key Findings / Summary
    2. Market Size Estimates and Forecast 
      1. By Product (Value/Volume)
        1. Carbonate
        2. Hydroxide
        3. Others
      2. By Application (Value/Volume)
        1. Batteries
        2. Glass & Ceramics
        3. Lubricant
        4. Medical
        5. Polymers
        6. Metallurgy
        7. Others
      3. By Country (Value/Volume)
        1. U.S.
          1. By Application (Value/Volume)
            1. Batteries
            2. Glass & Ceramics
            3. Lubricant
            4. Medical
            5. Polymers
            6. Metallurgy
            7. Others
        2. Canada
          1. By Application (Value/Volume)
            1. Batteries
            2. Glass & Ceramics
            3. Lubricant
            4. Medical
            5. Polymers
            6. Metallurgy
            7. Others
        3. Mexico
          1. By Application (Value/Volume)
            1. Batteries
            2. Glass & Ceramics
            3. Lubricant
            4. Medical
            5. Polymers
            6. Metallurgy
            7. Others
  7. Europe Lithium Market Analysis, Insights and Forecast, 2017-2028
    1. Key Findings / Summary
    2. Market Size Estimates and Forecast 
      1. By Product (Value/Volume)
        1. Carbonate
        2. Hydroxide
        3. Others
      2. By Application (Value/Volume)
        1. Batteries
        2. Glass & Ceramics
        3. Lubricant
        4. Medical
        5. Polymers
        6. Metallurgy
        7. Others
      3. By Country (Value/Volume)
        1. Germany
          1. By Application (Value/Volume)
            1. Batteries
            2. Glass & Ceramics
            3. Lubricant
            4. Medical
            5. Polymers
            6. Metallurgy
            7. Others
        2. UK
          1. By Application (Value/Volume)
            1. Batteries
            2. Glass & Ceramics
            3. Lubricant
            4. Medical
            5. Polymers
            6. Metallurgy
            7. Others
        3. France
          1. By Application (Value/Volume)
            1. Batteries
            2. Glass & Ceramics
            3. Lubricant
            4. Medical
            5. Polymers
            6. Metallurgy
            7. Others
        4. Spain
          1. By Application (Value/Volume)
            1. Batteries
            2. Glass & Ceramics
            3. Lubricant
            4. Medical
            5. Polymers
            6. Metallurgy
            7. Others
        5. Rest of Europe
          1. By Application (Value/Volume)
            1. Batteries
            2. Glass & Ceramics
            3. Lubricant
            4. Medical
            5. Polymers
            6. Metallurgy
            7. Others
  8. Asia Pacific Lithium Market Analysis, Insights and Forecast, 2017-2028
    1. Key Findings / Summary
    2. Market Size Estimates and Forecast 
      1. By Product (Value/Volume)
        1. Carbonate
        2. Hydroxide
        3. Others
      2. By Application (Value/Volume)
        1. Batteries
        2. Glass & Ceramics
        3. Lubricant
        4. Medical
        5. Polymers
        6. Metallurgy
        7. Others
      3. By Country (Value/Volume)
        1. China
          1. By Application (Value/Volume)
            1. Batteries
            2. Glass & Ceramics
            3. Lubricant
            4. Medical
            5. Polymers
            6. Metallurgy
            7. Others
        2. India
          1. By Application (Value/Volume)
            1. Batteries
            2. Glass & Ceramics
            3. Lubricant
            4. Medical
            5. Polymers
            6. Metallurgy
            7. Others
        3. Japan
          1. By Application (Value/Volume)
            1. Batteries
            2. Glass & Ceramics
            3. Lubricant
            4. Medical
            5. Polymers
            6. Metallurgy
            7. Others
        4. Australia
          1. By Application (Value/Volume)
            1. Batteries
            2. Glass & Ceramics
            3. Lubricant
            4. Medical
            5. Polymers
            6. Metallurgy
            7. Others
        5. Rest of Asia Pacific 
          1. By Application (Value/Volume)
            1. Batteries
            2. Glass & Ceramics
            3. Lubricant
            4. Medical
            5. Polymers
            6. Metallurgy
            7. Others
  9. South America Lithium Market Analysis, Insights and Forecast, 2017-2028
    1. Key Findings / Summary
    2. Market Size Estimates and Forecast 
      1. By Product (Value/Volume)
        1. Carbonate
        2. Hydroxide
        3. Others
      2. By Application (Value/Volume)
        1. Batteries
        2. Glass & Ceramics
        3. Lubricant
        4. Medical
        5. Polymers
        6. Metallurgy
        7. Others
      3. By Country (Value/Volume)
        1. Brazil
          1. By Application (Value/Volume)
            1. Batteries
            2. Glass & Ceramics
            3. Lubricant
            4. Medical
            5. Polymers
            6. Metallurgy
            7. Others
        2. Argentina
          1. By Application (Value/Volume)
            1. Batteries
            2. Glass & Ceramics
            3. Lubricant
            4. Medical
            5. Polymers
            6. Metallurgy
            7. Others
        3. Chile
          1. By Application (Value/Volume)
            1. Batteries
            2. Glass & Ceramics
            3. Lubricant
            4. Medical
            5. Polymers
            6. Metallurgy
            7. Others
        4. Rest of South America
          1. By Application (Value/Volume)
            1. Batteries
            2. Glass & Ceramics
            3. Lubricant
            4. Medical
            5. Polymers
            6. Metallurgy
            7. Others
  10. Middle East & Africa Lithium Market Analysis, Insights and Forecast, 2017-2028
    1. Key Findings / Summary
    2. Market Size Estimates and Forecast 
      1. By Product (Value/Volume)
        1. Carbonate
        2. Hydroxide
        3. Others
      2. By Application (Value/Volume)
        1. Batteries
        2. Glass & Ceramics
        3. Lubricant
        4. Medical
        5. Polymers
        6. Metallurgy
        7. Others
      3. By Country (Value/Volume)
        1. UAE
          1. By Application (Value/Volume)
            1. Batteries
            2. Glass & Ceramics
            3. Lubricant
            4. Medical
            5. Polymers
            6. Metallurgy
            7. Others
        2. South Africa
          1. By Application (Value/Volume)
            1. Batteries
            2. Glass & Ceramics
            3. Lubricant
            4. Medical
            5. Polymers
            6. Metallurgy
            7. Others
        3. Saudi Arabia
          1. By Application (Value/Volume)
            1. Batteries
            2. Glass & Ceramics
            3. Lubricant
            4. Medical
            5. Polymers
            6. Metallurgy
            7. Others
        4. Rest of Middle East & Africa 
          1. By Application (Value/Volume)
            1. Batteries
            2. Glass & Ceramics
            3. Lubricant
            4. Medical
            5. Polymers
            6. Metallurgy
            7. Others
  11. Competitive Matrix
    1. Business Strategies Adopted by Leading Players
    2. Global Lithium Market Revenue Share/Ranking Analysis, By Key Manufacturer
  12. Company Profiles
    1. FMC Corporation (India)
      1. Overview
      2. Description
      3. Product  Portfolio
      4. Financials (Data as available in public domain and/or on paid databases)
      5. Recent Developments
    2. Albemarle Corporation (U.S.)
      1. Overview
      2. Description
      3. Product  Portfolio
      4. Financials (Data as available in public domain and/or on paid databases)
      5. Recent Developments
    3. SQM S.A. (Chile)
      1. Overview
      2. Description
      3. Product  Portfolio
      4. Financials (Data as available in public domain and/or on paid databases)
      5. Recent Developments
    4. Tianqi Lithium (Australia)
      1. Overview
      2. Description
      3. Product  Portfolio
      4. Financials (Data as available in public domain and/or on paid databases)
      5. Recent Developments
    5. International Lithium Corp. (China)
      1. Overview
      2. Description
      3. Product  Portfolio
      4. Financials (Data as available in public domain and/or on paid databases)
      5. Recent Developments
    6. LSC Lithium Corporation (Canada)
      1. Overview
      2. Description
      3. Product  Portfolio
      4. Financials (Data as available in public domain and/or on paid databases)
      5. Recent Developments
    7. American Lithium Corp. (Canada)
      1. Overview
      2. Description
      3. Product  Portfolio
      4. Financials (Data as available in public domain and/or on paid databases)
      5. Recent Developments
    8. Livent (U.S.)
      1. Overview
      2. Description
      3. Product  Portfolio
      4. Financials (Data as available in public domain and/or on paid databases)
      5. Recent Developments
    9. Avalon Advanced Materials (Canada)
      1. Overview
      2. Description
      3. Product  Portfolio
      4. Financials (Data as available in public domain and/or on paid databases)
      5. Recent Developments
    10. Sayona Mining Limited (Australia)
      1. Overview
      2. Description
      3. Product  Portfolio
      4. Financials (Data as available in public domain and/or on paid databases)
      5. Recent Developments 
    11. Other Key Players
      1. Overview
      2. Description
      3. Product  Portfolio
      4. Financials (Data as available in public domain and/or on paid databases)
      5. Recent Developments
  13. Appendix

List of Tables

Table 1: Global Lithium Market Volume (Tons) Forecast, by Product, 2017–2028

Table 2: Global Lithium Market Revenue (US$ Bn) Forecast, by Product, 2017–2028

Table 3: Global Lithium Market Volume (Tons) Forecast, by Application, 2017–2028

Table 4: Global Lithium Market Revenue (US$ Bn) Forecast, by Application, 2017–2028

Table 5: Global Lithium Market Volume (Tons) Forecast, by Region, 2017–2028

Table 6: Global Lithium Market Revenue (US$ Bn) Forecast, by Region, 2017–2028

Table 7: North America Lithium Market Volume (Tons) Forecast, by Country, 2017–2028

Table 8: North America Lithium Market Revenue (US$ Bn) Forecast, by Country, 2017–2028

Table 9: North America Lithium Market Volume (Tons) Forecast, by Product, 2017–2028

Table 10: North America Lithium Market Revenue (US$ Bn) Forecast, by Product, 2017–2028

Table 11: North America Lithium Market Volume (Tons) Forecast, by Application, 2017–2028

Table 12: North America Lithium Market Revenue (US$ Bn) Forecast, by Application, 2017–2028

Table 13: U.S. Lithium Market Volume (Tons) Forecast, by Application, 2017–2028

Table 14: U.S. Lithium Market Revenue (US$ Bn) Forecast, by Application, 2017–2028

Table 15: Canada Lithium Market Volume (Tons) Forecast, by Application, 2017–2028

Table 16: Canada Lithium Market Revenue (US$ Bn) Forecast, by Application, 2017–2028

Table 17: Mexico Lithium Market Volume (Tons) Forecast, by Application, 2017–2028

Table 18: Mexico Lithium Market Revenue (US$ Bn) Forecast, by Application, 2017–2028

Table 19: Europe Lithium Market Volume (Tons) Forecast, by Country, 2017–2028

Table 20: Europe Lithium Market Revenue (US$ Bn) Forecast, by Country, 2017–2028

Table 21: Europe Lithium Market Volume (Tons) Forecast, by Product, 2017–2028

Table 22: Europe Lithium Market Revenue (US$ Bn) Forecast, by Product, 2017–2028

Table 23: Europe Lithium Market Volume (Tons) Forecast, by Application, 2017–2028

Table 24: Europe Lithium Market Revenue (US$ Bn) Forecast, by Application, 2017–2028

Table 25: Germany Lithium Market Volume (Tons) Forecast, by Application, 2017–2028

Table 26: Germany Lithium Market Revenue (US$ Bn) Forecast, by Application, 2017–2028

Table 27: UK Lithium Market Volume (Tons) Forecast, by Application, 2017–2028

Table 28: UK Lithium Market Revenue (US$ Bn) Forecast, by Application, 2017–2028

Table 29: France Lithium Market Volume (Tons) Forecast, by Application, 2017–2028

Table 30: France Lithium Market Revenue (US$ Bn) Forecast, by Application, 2017–2028

Table 31: Spain Lithium Market Volume (Tons) Forecast, by Application, 2017–2028

Table 32: Spain Lithium Market Revenue (US$ Bn) Forecast, by Application, 2017–2028

Table 33: Rest of Europe Lithium Market Volume (Tons) Forecast, by Application, 2017–2028

Table 34: Rest of Europe Lithium Market Revenue (US$ Bn) Forecast, by Application, 2017–2028

Table 35: Asia Pacific Lithium Market Volume (Tons) Forecast, by Country, 2017–2028

Table 36: Asia Pacific Lithium Market Revenue (US$ Bn) Forecast, by Country, 2017–2028

Table 37: Asia Pacific Lithium Market Volume (Tons) Forecast, by Product, 2017–2028

Table 38: Asia Pacific Lithium Market Revenue (US$ Bn) Forecast, by Product, 2017–2028

Table 39: Asia Pacific Lithium Market Volume (Tons) Forecast, by Application, 2017–2028

Table 40: Asia Pacific Lithium Market Revenue (US$ Bn) Forecast, by Application, 2017–2028

Table 41: China Lithium Market Volume (Tons) Forecast, by Application, 2017–2028

Table 42: China Lithium Market Revenue (US$ Bn) Forecast, by Application, 2017–2028

Table 43: India Lithium Market Volume (Tons) Forecast, by Application, 2017–2028

Table 44: India Lithium Market Revenue (US$ Bn) Forecast, by Application, 2017–2028

Table 45: Japan Lithium Market Volume (Tons) Forecast, by Application, 2017–2028

Table 46: Japan Lithium Market Revenue (US$ Bn) Forecast, by Application, 2017–2028

Table 47: Australia Lithium Market Volume (Tons) Forecast, by Application, 2017–2028

Table 48: Australia Lithium Market Revenue (US$ Bn) Forecast, by Application, 2017–2028

Table 49: Rest of Asia Pacific Lithium Market Volume (Tons) Forecast, by Application, 2017–2028

Table 50: Rest of Asia Pacific Lithium Market Revenue (US$ Bn) Forecast, by Application, 2017–2028

Table 51: South America Lithium Market Volume (Tons) Forecast, by Country, 2017–2028

Table 52: South America Lithium Market Revenue (US$ Bn) Forecast, by Country, 2017–2028

Table 53: South America Lithium Market Volume (Tons) Forecast, by Product, 2017–2028

Table 54: South America Lithium Market Revenue (US$ Bn) Forecast, by Product, 2017–2028

Table 55: South America Lithium Market Volume (Tons) Forecast, by Application, 2017–2028

Table 56: South America Lithium Market Revenue (US$ Bn) Forecast, by Application, 2017–2028

Table 57: Brazil Lithium Market Volume (Tons) Forecast, by Application, 2017–2028

Table 58: Brazil Lithium Market Revenue (US$ Bn) Forecast, by Application, 2017–2028

Table 59: Argentina Lithium Market Volume (Tons) Forecast, by Application, 2017–2028

Table 60: Argentina Lithium Market Revenue (US$ Bn) Forecast, by Application, 2017–2028

Table 61: Chile Lithium Market Volume (Tons) Forecast, by Application, 2017–2028

Table 62: Chile Lithium Market Revenue (US$ Bn) Forecast, by Application, 2017–2028

Table 63: Rest of South America Lithium Market Volume (Tons) Forecast, by Application, 2017–2028

Table 64: Rest of South America Lithium Market Revenue (US$ Bn) Forecast, by Application, 2017–2028

Table 65: Middle East & Africa Lithium Market Volume (Tons) Forecast, by Country, 2017–2028

Table 66: Middle East & Africa Lithium Market Revenue (US$ Bn) Forecast, by Country, 2017–2028

Table 67: Middle East & Africa Lithium Market Volume (Tons) Forecast, by Product, 2017–2028

Table 68: Middle East & Africa Lithium Market Revenue (US$ Bn) Forecast, by Product, 2017–2028

Table 69: Middle East & Africa Lithium Market Volume (Tons) Forecast, by Application, 2017–2028

Table 70: Middle East & Africa Lithium Market Revenue (US$ Bn) Forecast, by Application, 2017–2028

Table 71: South Africa Lithium Market Volume (Tons) Forecast, by Application, 2017–2028

Table 72: South Africa Lithium Market Revenue (US$ Bn) Forecast, by Application, 2017–2028

Table 73: Saudi Arabia Lithium Market Volume (Tons) Forecast, by Application, 2017–2028

Table 74: Saudi Arabia Lithium Market Revenue (US$ Bn) Forecast, by Application, 2017–2028

Table 75: UAE Lithium Market Volume (Tons) Forecast, by Application, 2017–2028

Table 76: UAE Lithium Market Revenue (US$ Bn) Forecast, by Application, 2017–2028

Table 77: Rest of Middle East & Africa Lithium Market Volume (Tons) Forecast, by Application, 2017–2028

Table 78: Rest of Middle East & Africa Lithium Market Revenue (US$ Bn) Forecast, by Application, 2017–2028

List of Figures

Figure 1: Global Lithium Market Volume (Tons, %) Forecast, by Region, 2017–2028

Figure 2: Global Lithium Market Revenue (US$ Bn, %) Forecast, by Region, 2017–2028

Figure 3: Global Lithium Market Volume (Tons), By Product, 2020 & 2028

Figure 4: Global Lithium Market Volume Share (%), By Product, 2020

Figure 5: Global Lithium Market Revenue (US$ Bn), By Product, 2020 & 2028

Figure 6: Global Lithium Market Revenue Share (%), By Product, 2020

Figure 7: Global Lithium Market Volume (Tons), By Application, 2020 & 2028

Figure 8: Global Lithium Market Volume Share (%), By Application, 2020

Figure 9: Global Lithium Market Revenue (US$ Bn), By Application, 2020 & 2028

Figure 10: Global Lithium Market Revenue Share (%), By Application, 2020

Figure 11: Global Lithium Market Volume (Tons), By Region, 2020 & 2028

Figure 12: Global Lithium Market Volume Share (%), By Region, 2020

Figure 13: Global Lithium Market Revenue (US$ Bn), By Region, 2020 & 2028

Figure 14: Global Lithium Market Revenue Share (%), By Region, 2020

Figure 15: North America Lithium Market Volume (Tons), By Country, 2020 & 2028

Figure 16: North America Lithium Market Volume Share (%), By Country, 2020

Figure 17: North America Lithium Market Revenue (US$ Bn), By Country, 2020 & 2028

Figure 18: North America Lithium Market Revenue Share (%), By Country, 2020

Figure 19: North America Lithium Market Volume (Tons), By Product, 2020 & 2028

Figure 20: North America Lithium Market Volume Share (%), By Product, 2020

Figure 21: North America Lithium Market Revenue (US$ Bn), By Product, 2020 & 2028

Figure 22: North America Lithium Market Revenue Share (%), By Product, 2020

Figure 23: North America Lithium Market Volume (Tons), By Application, 2020 & 2028

Figure 24: North America Lithium Market Volume Share (%), By Application, 2020

Figure 25: North America Lithium Market Revenue (US$ Bn), By Application, 2020 & 2028

Figure 26: North America Lithium Market Revenue Share (%), By Application, 2020

Figure 27: Europe Lithium Market Volume (Tons), By Country, 2020 & 2028

Figure 28: Europe Lithium Market Volume Share (%), By Country, 2020

Figure 29: Europe Lithium Market Revenue (US$ Bn), By Country, 2020 & 2028

Figure 30: Europe Lithium Market Revenue Share (%), By Country, 2020

Figure 31: Europe Lithium Market Volume (Tons), By Product, 2020 & 2028

Figure 32: Europe Lithium Market Volume Share (%), By Product, 2020

Figure 33: Europe Lithium Market Revenue (US$ Bn), By Product, 2020 & 2028

Figure 34: Europe Lithium Market Revenue Share (%), By Product, 2020

Figure 35: Europe Lithium Market Volume (Tons), By Application, 2020 & 2028

Figure 36: Europe Lithium Market Volume Share (%), By Application, 2020

Figure 37: Europe Lithium Market Revenue (US$ Bn), By Application, 2020 & 2028

Figure 38: Europe Lithium Market Revenue Share (%), By Application, 2020

Figure 39: Asia Pacific Lithium Market Volume (Tons), By Country, 2020 & 2028

Figure 40: Asia Pacific Lithium Market Volume Share (%), By Country, 2020

Figure 41: Asia Pacific Lithium Market Revenue (US$ Bn), By Country, 2020 & 2028

Figure 42: Asia Pacific Lithium Market Revenue Share (%), By Country, 2020

Figure 43: Asia Pacific Lithium Market Volume (Tons), By Product, 2020 & 2028

Figure 44: Asia Pacific Lithium Market Volume Share (%), By Product, 2020

Figure 45: Asia Pacific Lithium Market Revenue (US$ Bn), By Product, 2020 & 2028

Figure 46: Asia Pacific Lithium Market Revenue Share (%), By Product, 2020

Figure 47: Asia Pacific Lithium Market Volume (Tons), By Application, 2020 & 2028

Figure 48: Asia Pacific Lithium Market Volume Share (%), By Application, 2020

Figure 49: Asia Pacific Lithium Market Revenue (US$ Bn), By Application, 2020 & 2028

Figure 50: Asia Pacific Lithium Market Revenue Share (%), By Application, 2020

Figure 51: South America Lithium Market Volume (Tons), By Country, 2020 & 2028

Figure 52: South America Lithium Market Volume Share (%), By Country, 2020

Figure 53: South America Lithium Market Revenue (US$ Bn), By Country, 2020 & 2028

Figure 54: South America Lithium Market Revenue Share (%), By Country, 2020

Figure 55: South America Lithium Market Volume (Tons), By Product, 2020 & 2028

Figure 56: South America Lithium Market Volume Share (%), By Product, 2020

Figure 57: South America Lithium Market Revenue (US$ Bn), By Product, 2020 & 2028

Figure 58: South America Lithium Market Revenue Share (%), By Product, 2020

Figure 59: South America Lithium Market Volume (Tons), By Application, 2020 & 2028

Figure 60: South America Lithium Market Volume Share (%), By Application, 2020

Figure 61: South America Lithium Market Revenue (US$ Bn), By Application, 2020 & 2028

Figure 62: South America Lithium Market Revenue Share (%), By Application, 2020

Figure 63: Middle East & Africa Lithium Market Volume (Tons), By Country, 2020 & 2028

Figure 64: Middle East & Africa Lithium Market Volume Share (%), By Country, 2020

Figure 65: Middle East & Africa Lithium Market Revenue (US$ Bn), By Country, 2020 & 2028

Figure 66: Middle East & Africa Lithium Market Revenue Share (%), By Country, 2020

Figure 67: Middle East & Africa Lithium Market Volume (Tons), By Product, 2020 & 2028

Figure 68: Middle East & Africa Lithium Market Volume Share (%), By Product, 2020

Figure 69: Middle East & Africa Lithium Market Revenue (US$ Bn), By Product, 2020 & 2028

Figure 70: Middle East & Africa Lithium Market Revenue Share (%), By Product, 2020

Figure 71: Middle East & Africa Lithium Market Volume (Tons), By Application, 2020 & 2028

Figure 72: Middle East & Africa Lithium Market Volume Share (%), By Application, 2020

Figure 73: Middle East & Africa Lithium Market Revenue (US$ Bn), By Application, 2020 & 2028

Figure 74: Middle East & Africa Lithium Market Revenue Share (%), By Application, 2020

Figure 75: Company Market Share Analysis, by Key Players, 2020

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  • 2017-2019
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