Lithium Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW     

Lithium is the lightest metal and has the lowest solid density. It is highly reactive and explosive. Thus, it is typically stored in mineral oil. Lithium is widely used in batteries for portable electronics and electric vehicles, as well as in the ceramics and glass industry. The Lithium demand has been growing rapidly due to the growing popularity of electric vehicles and the growth of renewable energy storage solutions. The lithium market is expected to continue growing as the demand for lithium-ion batteries is projected to increase in the coming years. The major players in the lithium market are lithium mining companies, producers, and lithium-ion battery manufacturers.   

MARKET DYNAMICS

The lithium market is anticipated to grow in the forecast period owing to increasing demands from the energy sector. Growth of the battery-based transportation coupled with the rising popularity of smart grids further fuels the lithium market growth. However, rigidity in the value chain affects the price of lithium, which hampers the growth of the lithium market. On the other hand, viable production of lithium from rock deposits is likely to showcase growth opportunities for the lithium market.

MARKET SCOPE

The "Global Lithium Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on global market trend analysis. The report aims to provide an overview of the lithium market with detailed market segmentation by type, application, end-use industry, and geography. The global lithium market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading lithium market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global lithium market is segmented on the basis of type, application and end-use industry. Based on type, the market is segmented as metal, compound, and alloy. On the basis of the application, the market is segmented as the battery, air treatment, glass and ceramics, metallurgy and others. The market, on the basis of the end-user industry, is classified as industrial, consumer electronics, electric vehicle, medical and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global lithium market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The lithium market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the lithium market from both the demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trends. The report also provides an exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social, and technological factors affecting the lithium market in these regions.

Lithium Market Report Analysis

Lithium Market

• 
  CAGR (2023 - 2031)

  XX%
• Market Size 2023
  US$ XX Million
• Market Size 2031
  US$ XX Million

Report Coverage

• Market size and forecast at global, regional, and country levels for all the key market segments covered under the scope

• Key future trends
• Detailed PEST/Porter’s Five Forces and SWOT analysis

• Industry landscape and competition analysis & recent developments
• Detailed company profiles

• Global and regional market analysis covering key market trends, major players, regulations, and recent market developments

Key Players

• Albemarle Corporation
• Altura Mining
• Avalon Advanced Materials Inc.
• Galaxy Resources Limited
• Jiangxi Ganfeng Lithium Co., Ltd.
• Lithium Americas Corp.
• Nemaska Lithium Inc.
• Neometals Ltd
• Orocobre Limited

Regional Overview

• North America
• Europe
• Asia-Pacific
• South and Central America
• Middle East and Africa

Market Segmentation

By Type

• Metal
• Compound
• Alloy

By Application

• Battery
• Air Treatment
• Glass and Ceramics
• Metallurgy

By End-Use Industry

• Industrial
• Consumer Electronics
• Electric Vehicle
• Medical

MARKET PLAYERS

The reports cover key developments in the lithium market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and the customer base of market players. The market payers from the lithium market are anticipated to have lucrative growth opportunities in the future with the rising demand for lithium in the global market. Below mentioned is the list of few companies engaged in the lithium market.

The report also includes the profiles of key lithium companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information for the last three years, key developments in the past five years.

• Albemarle Corporation
• Altura Mining
• Avalon Advanced Materials Inc.
• Galaxy Resources Limited
• Jiangxi Ganfeng Lithium Co., Ltd.
• Lithium Americas Corp.
• Nemaska Lithium Inc. 
• Neometals Ltd
• Orocobre Limited
• Tianqi Lithium Corp

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Lithium Market Report Scope