The Lithium Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Lithium Market?
The Lithium Global Market Report indicates that the market size of lithium has been rapidly increasing recently. It was valued at $7.75 billion in 2024 and is expected to increase to $9.01 billion by 2025, growing at a Compound Annual Growth Rate (CAGR) of 16.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Lithium Industry?
The Lithium Global Market is projected to reach a market value of $13.2 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 10.0%.
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What are the Key Growth Drivers Fueling the Lithium Market?
The key drivers in the lithium market are:
• Continued growth in electric vehicles sector
• Expansion of renewable energy
• Government initiatives and incentives
• Development of smart grids and increased energy storage capacity
Global Market Segmentation: Identifying Major Lithium Industry Segments
The lithium market covered in this report is segmented –
1) By Type: Glass/Ceramics, Greases / Lubricants, Chemical Synthesis, Portable Electronics & Other Handhelds, Hybrids, Battery Electric Vehicle (bevy), Grid, and Other Power Storage Applications
2) By Mining Type: Underground Mining, Surface Mining
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What are the Emerging Trends Shaping the Future of the Lithium Market?
The key trends in the lithium market are:
• The future of the lithium market is being shaped by advancements in lithium technologies.
• There is an emerging trend towards solid-state lithium batteries.
• Diversification of lithium sources is a significant upcoming trend.
• The lithium market is influenced by its integration in aerospace and the rise of decentralized energy solutions.
Who Are the Top Competitors & Leading Players in the Lithium Market?
Major companies in the lithium market are:
• Albemarle Corporation
• Sociedad Química y Minera
• FMC Corporation
• Sichuan Tianqi Lithium Industries Inc.
• Tianqi Lithium Corporation
• Livent Corporation
• Allkem Limited
• Jiangsu Ronghui General Lithium Industry Co. Ltd.
• Avalon Advanced Materials Inc.
• Lithium Americas Corp.
• EnerSys
• Ganfeng Lithium Co. Ltd.
• Mineral Resources Limited
• Neometals Ltd.
• Pilbara Minerals Limited
• Altura Mining Limited
• Bacanora Lithium Plc
• Critical Elements Lithium Corporation
• International Lithium Corp.
• Lithium Australia NL
• Lithium Power International Limited
• Nemaska Lithium Inc.
• North American Lithium Inc.
• Piedmont Lithium Limited
• Power Metals Corp.
• Pure Energy Minerals Limited
• Sayona Mining Limited
• Standard Lithium Ltd.
• Wealth Minerals Ltd.
Regional Dominance: Which Area Leads the Global Lithium Market?
The countries covered in the lithium market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia
