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Global Lithium Metal Market by Source (Salt Lake brine, Lithium Ores), Application(Lithium-ion anode material, Alloy, Intermediate), End-Use Industry (Batteries, Metal Processing, Pharmaceuticals), & Region (APAC, North America, Europe, RoW) - Forecast to 2028

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    Report

  • 181 Pages
  • June 2023
  • Region: Global
  • Markets and Markets
  • ID: 5821209
Description Jump to:

Government Initiatives to Boost Lithium Production

The lithium metal market is projected to grow from USD 1.7 billion in 2023 to USD 4.3 billion by 2028, at a CAGR of 20.4% from 2023 to 2028. Lithium metal is widely used in primary batteries. The exploration and development of new lithium resources are helping to meet the growing demand for lithium metal. New mining projects and improved extraction technologies are reducing supply constraints which are supporting the market growth for lithium metal.

By source, the salt lake brine segment is estimated to be the largest segment of the lithium metal market from 2023 to 2028

Based on the source, the salt lake brine is estimated to be the largest segment during the forecast period. Lithium is commonly extracted from brine deposits found in salt flats or salt lakes, known as lithium brine deposits. These brines typically contain high concentrations of lithium ions, which can be economically extracted and processed to obtain lithium metal. Hence, these factors are propelling the market growth for salt lake brine segment.

By application, the lithium-ion anode material is estimated to be the largest segment of the lithium metal market from 2023 to 2028

Based on application, the lithium-ion anode material is estimated to account for the largest share during the forecast period. In lithium-metal batteries, lithium metal is used as the anode, while a cathode material (typically a transition metal oxide) and an electrolyte complete the cell. The use of lithium metal as an anode material can increase the energy density of a battery since lithium metal has a higher capacity as compared to lithium-ion batteries.

The lithium metal market in the Asia Pacific region is projected to witness the highest CAGR during the forecast period.

Asia Pacific region is projected to register the highest CAGR in the lithium metal market from 2023 to 2028. Asia Pacific is one of the key markets for lithium metal. The Asia Pacific region is rich in lithium resources, including lithium brine deposits and hard rock lithium mines. Countries like Australia and China have significant lithium reserves and production capacities. This availability of local lithium resources gives the region a competitive advantage in lithium metal production, reducing import dependence and supporting market growth.

Profile break-up of primary participants for the report:

  • By Company Type: Tier 1 - 40%, Tier 2 - 20%, and Tier 3 - 40%
  • By Designation: C-level Executives - 20%, Directors - 50%, and Others - 30%
  • By Region: Asia Pacific - 40%, North America - 20%, Europe - 10%, and Rest of the World - 30%

The lithium metal report is dominated by players such as Ganfeng Lithium Co., Ltd. (China), Tianqui Lithium Industries Inc. (China), Shenzhen Chengxin Lithium Group Co., Ltd. (China), Albemarle Corporation (US), Livent Corporation (US), Shanghai China Lithium Industrial Co., Ltd. (China), China Energy Lithium Co., Ltd. (China), CNNC Jianzhong Nuclear Fuel Co., Ltd. (China) and others.

Research Coverage:

The report defines, segments, and projects the size of the lithium metal market based on source, application, and region. It strategically profiles the key players and comprehensively analyzes their market share and core competencies. It also tracks and analyzes competitive developments, such as expansions, agreements, and acquisitions undertaken by them in the market.

Reasons to Buy the Report:

The report is expected to help the market leaders/new entrants by providing them with the closest approximations of revenue numbers of the lithium metal market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the market's competitive landscape, gain insights to improve the position of their businesses, and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:

  • Analysis of key drivers (growing demand for lithium metal in lithium batteries, increasing government initiatives to enhance lithium metal), restraints (concentration of lithium deposits in few countries can create supply chain issues, availability of alternate materials and technology that can replace lithium metal), opportunities (adoption of lithium metal in the pharmaceutical industry, high adoption of lithium metal in aerospace and defense industries), and challenges (production challenges in lithium metal, environmental concerns related to lithium metal production) influencing the growth of the lithium metal market.
  • Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities in the lithium metal market.
  • Market Development: Comprehensive information about lucrative markets - the report analyses the lithium metal market across varied regions.
  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the lithium metal market.
  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Ganfeng Lithium Co., Ltd. (China), Tianqui Lithium Industries Inc. (China), Shenzhen Chengxin Lithium Group Co., Ltd. (China), Albemarle Corporation (US), Livent Corporation (US), among others in the lithium metal market.

Table of Contents

1 Introduction
1.1 Study Objectives
1.2 Market Definition
1.2.1 Inclusions and Exclusions
Table 1 Lithium Metal Market: Inclusions and Exclusions
1.3 Study Scope
Figure 1 Lithium Metal Market Segmentation
1.3.1 Regional Scope
1.3.2 Years Considered
1.4 Currency Considered
1.5 Units Considered
1.6 Limitations
1.7 Stakeholders

2 Research Methodology
2.1 Research Data
Figure 2 Lithium Metal Market: Research Design
2.1.1 Secondary Data
2.1.1.1 Key Data from Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data from Primary Sources
2.1.2.2 Key Primary Participants
2.1.2.3 Breakdown of Primary Interviews
2.1.2.4 Key Industry Insights
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
Figure 3 Market Size Estimation: Bottom-Up Approach
2.2.2 Top-Down Approach
Figure 4 Market Size Estimation: Top-Down Approach
2.3 Demand-Side Assessment
Figure 5 Main Matrix Considered for Assessing Demand for Lithium Metal
2.4 Supply-Side Assessment
Figure 6 Methodology for Supply-Side Sizing of Lithium Metal Market (Approach 1)
Figure 7 Methodology for Supply-Side Sizing of Lithium Metal Market (Approach 2)
2.4.1 Calculations Based on Supply-Side Analysis
2.4.2 Growth Forecast
2.5 Market Breakdown and Data Triangulation
Figure 8 Lithium Metal Market: Data Triangulation
2.6 Recession Impact
2.7 Assumptions
2.7.1 Limitations
2.7.2 Risk Assessment

3 Executive Summary
Table 2 Lithium Metal Market Snapshot: 2023 Vs. 2028
Figure 9 Lithium-Ion Anode to Account for Highest CAGR During Forecast Period
Figure 10 Salt Lake Brine to Account for Largest Market Share During Forecast Period
Figure 11 Asia-Pacific Led Global Lithium Metal Market in 2022

4 Premium Insights
4.1 Attractive Opportunities for Players in Lithium Metal Market
Figure 12 Increased Demand for Lithium Metal Batteries in Electrical Devices
4.2 Lithium Metal Market, by Region
Figure 13 Asia-Pacific to Dominate Market During Forecast Period
4.3 Lithium Metal Market, by Application
Figure 14 Lithium-Ion Anode Material to Hold Largest Market Share During Forecast Period
4.4 Lithium Metal Market, by Source
Figure 15 Salt Lake Brine to Record Highest Growth During Forecast Period
4.5 Asia-Pacific: Lithium Metal Market, by Application and Country
Figure 16 China and Lithium-Ion Anode Dominated Market in 2022
4.6 Lithium Metal Market, by Key Country
Figure 17 Poland and Germany to Record Fastest Growth During Forecast Period

5 Market Overview
5.1 Introduction
Figure 18 Drivers, Restraints, Opportunities, and Challenges
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Growing Demand for Lithium Metal in Batteries
Figure 19 Energy Capacity of Batteries Containing Graphite Anode Vs. Lithium Metal Anode (Wh/Kg)
5.2.1.2 Government Initiatives to Boost Lithium Production
5.2.2 Restraints
5.2.2.1 Concentration of Lithium Deposits to Disrupt Supply Chain
5.2.2.2 Commercialization of Alternate Substitutes and Technologies
5.2.3 Opportunities
5.2.3.1 Application of Lithium Metal in Pharmaceutical Intermediates
5.2.3.2 Use of Lithium Alloys in High-End Industries
5.2.4 Challenges
5.2.4.1 Risk of Fire or Explosion
5.2.4.2 Extraction of Raw Material to Pose Environmental Threat
5.3 Value Chain Analysis
Figure 20 Lithium Metal Market: Highest Value Addition During Manufacturing Phase
5.3.1 Raw Material Acquisition
5.3.2 Processing and Refining
5.3.3 Manufacturing and Production
5.3.4 Distribution and Sales
5.3.5 End-Use Industries
5.3.6 Recycling
5.4 Ecosystem Mapping
Figure 21 Lithium Metal Market: Ecosystem Mapping
Table 3 Lithium Metal Market: Role in Ecosystem
5.5 Porter's Five Forces Analysis
Figure 22 Lithium Metal Market: Porter's Five Forces Analysis
Table 4 Impact of Porter's Five Forces on Lithium Metal Market
5.5.1 Bargaining Power of Suppliers
5.5.2 Threat of New Entrants
5.5.3 Threat of Substitutes
5.5.4 Bargaining Power of Buyers
5.5.5 Intensity of Competitive Rivalry
5.6 Tariff and Regulatory Landscape
5.6.1 Regulatory Bodies, Government Agencies, and Other Organizations
Table 5 North America: Regulatory Bodies, Government Agencies, and Other Organizations
Table 6 Europe: Regulatory Bodies, Government Agencies, and Other Organizations
Table 7 Asia-Pacific: Regulatory Bodies, Government Agencies, and Other Organizations
Table 8 Rest of the World: Regulatory Bodies, Government Agencies, and Other Organizations
5.6.2 Market Regulations and Standards
Table 9 Regulations and Standards for Lithium Metal and Lithium Metal Batteries
5.7 Technology Analysis
5.8 Patent Analysis
5.8.1 Methodology
5.8.2 Publication Trends
Figure 23 Number of Patents Year-Wise (2014-2022)
5.8.3 Insights
5.8.4 Jurisdiction Analysis
Figure 24 China Accounted for Highest Patent Count (2014-2022)
5.8.5 Top Applicants
Figure 25 Top Applicants with Highest Number of Patents
Table 10 Lithium Metal Market: Patent Analysis
Table 11 Recent Patents by Sumitomo Metal Mining Co., Ltd.
Table 12 Recent Patents by Lg Chem
Table 13 Recent Patents by Central South University
5.9 Import-Export Scenario
Table 14 Import Data for Lithium Carbonate
Table 15 Export Data for Lithium Carbonate
Table 16 Import Data for Lithium Oxide and Hydroxide
Table 17 Export Data for Lithium Oxide and Hydroxide
5.10 Case Study Analysis
5.10.1 High Energy of 3D Lithium Metal Anode
5.10.2 Enhanced Performance and Sustainability of Lithium-Ion Batteries by Liovix
5.11 Key Conferences and Events, 2023-2024
Table 18 Lithium Metal Market: Key Conferences and Events (2023-2024)
5.12 Key Stakeholders and Buying Criteria
5.12.1 Key Stakeholders in Buying Process
Figure 26 Influence of Stakeholders on Buying Process for Top Three End-users
Table 19 Impact on Buying Process for Top Three End-users (%)
Figure 27 Key Buying Criteria for Top Three End-users
Table 20 Buying Criteria for Top Three End-users
5.13 Pricing Analysis
5.13.1 Average Selling Price, by Region
Figure 28 Average Selling Price for Lithium Metal, by Region

6 Lithium Metal Market, by End-Use Industry
6.1 Introduction
6.2 Batteries
6.2.1 Application in Remote Sensing Devices
6.3 Metal Processing
6.3.1 Demand for Lithium Metal in Aerospace Sector
6.4 Pharmaceutical
6.4.1 Used as Intermediate in Organolithium Compounds
6.5 Other End-Use Industries

7 Lithium Metal Market, by Source
7.1 Introduction
Figure 29 Salt Lake Brine to Account for Largest Market Share During Forecast Period
Table 21 Lithium Metal Market, by Source, 2019-2022 (Tons)
Table 22 Lithium Metal Market, by Source, 2023-2028 (Tons)
Table 23 Lithium Metal Market, by Source, 2019-2022 (USD Million)
Table 24 Lithium Metal Market, by Source, 2023-2028 (USD Million)
7.2 Salt Lake Brine
7.2.1 Cost-Effective and Eco-Friendly
Table 25 Salt Lake Brine: Lithium Metal Market, by Region, 2019-2022 (Tons)
Table 26 Salt Lake Brine: Lithium Metal Market, by Region, 2023-2028 (Tons)
Table 27 Salt Lake Brine: Lithium Metal Market, by Region, 2019-2022 (USD Million)
Table 28 Salt Lake Brine: Lithium Metal Market, by Region, 2023-2028 (USD Million)
7.3 Lithium Ore
7.3.1 High Reactivity with Oil and Water
Table 29 Lithium Ore: Lithium Metal Market, by Region, 2019-2022 (Tons)
Table 30 Lithium Ore: Lithium Metal Market, by Region, 2023-2028 (Tons)
Table 31 Lithium Ore: Lithium Metal Market, by Region, 2019-2022 (USD Million)
Table 32 Lithium Ore: Lithium Metal Market, by Region, 2023-2028 (USD Million)

8 Lithium Metal Market, by Application
8.1 Introduction
Figure 30 Lithium-Ion Anode Material to Record Highest Growth During Forecast Period
Table 33 Lithium Metal Market, by Application, 2019-2022 (Tons)
Table 34 Lithium Metal Market, by Application, 2023-2028 (Tons)
Table 35 Lithium Metal Market, by Application, 2019-2022 (USD Million)
Table 36 Lithium Metal Market, by Application, 2023-2028 (USD Million)
8.2 Lithium-Ion Anode Material
8.2.1 Used in Solid-State and Lithium-Metal Batteries
Table 37 Lithium-Ion Anode Material: Lithium Metal Market, by Region, 2019-2022 (Tons)
Table 38 Lithium-Ion Anode Material: Lithium Metal Market, by Region, 2023-2028 (Tons)
Table 39 Lithium-Ion Anode Material: Lithium Metal Market, by Region, 2019-2022 (USD Million)
Table 40 Lithium-Ion Anode Material: Lithium Metal Market, by Region, 2023-2028 (USD Million)
8.3 Alloy
8.3.1 Used in Aircraft and Fuel Tanks
Table 41 Alloy: Lithium Metal Market, by Region, 2019-2022 (Tons)
Table 42 Alloy: Lithium Metal Market, by Region, 2023-2028 (Tons)
Table 43 Alloy: Lithium Metal Market, by Region, 2019-2022 (USD Million)
Table 44 Alloy: Lithium Metal Market, by Region, 2023-2028 (USD Million)
8.4 Intermediate
8.4.1 Wide Application in Pharmaceuticals
Table 45 Intermediate: Lithium Metal Market, by Region, 2019-2022 (Tons)
Table 46 Intermediate: Lithium Metal Market, by Region, 2023-2028 (Tons)
Table 47 Intermediate: Lithium Metal Market, by Region, 2019-2022 (USD Million)
Table 48 Intermediate: Lithium Metal Market, by Region, 2023-2028 (USD Million)
8.5 Other Applications
Table 49 Other Applications: Lithium Metal Market, by Region, 2019-2022 (Tons)
Table 50 Other Applications: Lithium Metal Market, by Region, 2023-2028 (Tons)
Table 51 Other Applications: Lithium Metal Market, by Region, 2019-2022 (USD Million)
Table 52 Other Applications: Lithium Metal Market, by Region, 2023-2028 (USD Million)

9 Lithium Metal Market, by Region
9.1 Introduction
Figure 31 Asia-Pacific to Account for Largest Market Share During Forecast Period
Table 53 Lithium Metal Market, by Region, 2019-2022 (Tons)
Table 54 Lithium Metal Market, by Region, 2023-2028 (Tons)
Table 55 Lithium Metal Market, by Region, 2019-2022 (USD Million)
Table 56 Lithium Metal Market, by Region, 2023-2028 (USD Million)
9.2 Asia-Pacific
Figure 32 Asia-Pacific: Lithium Metal Market Snapshot
9.2.1 Recession Impact on Asia-Pacific
Table 57 Asia-Pacific: Lithium Metal Market, by Country, 2019-2022 (USD Million)
Table 58 Asia-Pacific: Lithium Metal Market, by Country, 2023-2028 (USD Million)
Table 59 Asia-Pacific: Lithium Metal Market, by Country, 2019-2022 (Tons)
Table 60 Asia-Pacific: Lithium Metal Market, by Country, 2023-2028 (Tons)
Table 61 Asia-Pacific: Lithium Metal Market, by Application, 2019-2022 (USD Million)
Table 62 Asia-Pacific: Lithium Metal Market, by Application, 2023-2028 (USD Million)
Table 63 Asia-Pacific: Lithium Metal Market, by Application, 2019-2022 (Tons)
Table 64 Asia-Pacific: Lithium Metal Market, by Application, 2023-2028 (Tons)
Table 65 Asia-Pacific: Lithium Metal Market, by Source, 2019-2022 (USD Million)
Table 66 Asia-Pacific: Lithium Metal Market, by Source, 2023-2028 (USD Million)
Table 67 Asia-Pacific: Lithium Metal Market, by Source, 2019-2022 (Tons)
Table 68 Asia-Pacific: Lithium Metal Market, by Source, 2023-2028 (Tons)
9.2.2 China
9.2.2.1 Next-Generation Batteries to Fuel Demand for Lithium Metal
Table 69 China: Lithium Metal Market, by Application, 2019-2022 (USD Million)
Table 70 China: Lithium Metal Market, by Application, 2023-2028 (USD Million)
Table 71 China: Lithium Metal Market, by Application, 2019-2022 (Tons)
Table 72 China: Lithium Metal Market, by Application, 2023-2028 (Tons)
9.2.3 Japan
9.2.3.1 Increased Demand for Lithium Metal Batteries to Drive Market
Table 73 Japan: Lithium Metal Market, by Application, 2019-2022 (USD Million)
Table 74 Japan: Lithium Metal Market, by Application, 2023-2028 (USD Million)
Table 75 Japan: Lithium Metal Market, by Application, 2019-2022 (Tons)
Table 76 Japan: Lithium Metal Market, by Application, 2023-2028 (Tons)
9.2.4 Australia
9.2.4.1 Economic Growth and Domestic Production of Lithium Metal to Propel Market
Table 77 Australia: Lithium Metal Market, by Application, 2019-2022 (USD Million)
Table 78 Australia: Lithium Metal Market, by Application, 2023-2028 (USD Million)
Table 79 Australia: Lithium Metal Market, by Application, 2019-2022 (Tons)
Table 80 Australia: Lithium Metal Market, by Application, 2023-2028 (Tons)
9.2.5 South Korea
9.2.5.1 Presence of Major Electronics Companies to Drive Market
Table 81 South Korea: Lithium Metal Market, by Application, 2019-2022 (USD Million)
Table 82 South Korea: Lithium Metal Market, by Application, 2023-2028 (USD Million)
Table 83 South Korea: Lithium Metal Market, by Application, 2019-2022 (Tons)
Table 84 South Korea: Lithium Metal Market, by Application, 2023-2028 (Tons)
9.2.6 Rest of Asia-Pacific
Table 85 Rest of Asia-Pacific: Lithium Metal Market, by Application, 2019-2022 (USD Million)
Table 86 Rest of Asia-Pacific: Lithium Metal Market, by Application, 2023-2028 (USD Million)
Table 87 Rest of Asia-Pacific: Lithium Metal Market, by Application, 2019-2022 (Tons)
Table 88 Rest of Asia-Pacific: Lithium Metal Market, by Application, 2023-2028 (Tons)
9.3 North America
Figure 33 North America: Lithium Metal Market Snapshot
Table 89 North America: Lithium Metal Market, by Country, 2019-2022 (USD Million)
Table 90 North America: Lithium Metal Market, by Country, 2023-2028 (USD Million)
Table 91 North America: Lithium Metal Market, by Country, 2019-2022 (Tons)
Table 92 North America: Lithium Metal Market, by Country, 2023-2028 (Tons)
Table 93 North America: Lithium Metal Market, by Application, 2019-2022 (USD Million)
Table 94 North America: Lithium Metal Market, by Application, 2023-2028 (USD Million)
Table 95 North America: Lithium Metal Market, by Application, 2019-2022 (Tons)
Table 96 North America: Lithium Metal Market, by Application, 2023-2028 (Tons)
Table 97 North America: Lithium Metal Market, by Source, 2019-2022 (USD Million)
Table 98 North America: Lithium Metal Market, by Source, 2023-2028 (USD Million)
Table 99 North America: Lithium Metal Market, by Source, 2019-2022 (Tons)
Table 100 North America: Lithium Metal Market, by Source, 2023-2028 (Tons)
9.3.1 Recession Impact on North America
9.3.2 US
9.3.2.1 Presence of Abundant Lithium Reserves to Drive Market
Table 101 US: Lithium Metal Market, by Application, 2019-2022 (USD Million)
Table 102 US: Lithium Metal Market, by Application, 2023-2028 (USD Million)
Table 103 US: Lithium Metal Market, by Application, 2019-2022 (Tons)
Table 104 US: Lithium Metal Market, by Application, 2023-2028 (Tons)
9.3.3 Canada
9.3.3.1 Growth of Electronics Sector to Propel Market
Table 105 Canada: Lithium Metal Market, by Application, 2019-2022 (USD Million)
Table 106 Canada: Lithium Metal Market, by Application, 2023-2028 (USD Million)
Table 107 Canada: Lithium Metal Market, by Application, 2019-2022 (Tons)
Table 108 Canada: Lithium Metal Market, by Application, 2023-2028 (Tons)
9.3.4 Mexico
9.3.4.1 Demand for Por Table Electronic Devices to Boost Market
Table 109 Mexico: Lithium Metal Market, by Application, 2019-2022 (USD Million)
Table 110 Mexico: Lithium Metal Market, by Application, 2023-2028 (USD Million)
Table 111 Mexico: Lithium Metal Market, by Application, 2019-2022 (Tons)
Table 112 Mexico: Lithium Metal Market, by Application, 2023-2028 (Tons)
9.4 Europe
Figure 34 Europe: Lithium Metal Market Snapshot
9.4.1 Recession Impact on Europe
Table 113 Europe: Lithium Metal Market, by Country, 2019-2022 (USD Million)
Table 114 Europe: Lithium Metal Market, by Country, 2019-2022 (USD Million)
Table 115 Europe: Lithium Metal Market, by Country, 2019-2022 (Tons)
Table 116 Europe: Lithium Metal Market, by Country, 2023-2028 (Tons)
Table 117 Europe: Lithium Metal Market, by Application, 2019-2022 (USD Million)
Table 118 Europe: Lithium Metal Market, by Application, 2023-2028 (USD Million)
Table 119 Europe: Lithium Metal Market, by Application, 2019-2022 (Tons)
Table 120 Europe: Lithium Metal Market, by Application, 2023-2028 (Tons)
Table 121 Europe: Lithium Metal Market, by Source, 2019-2022 (USD Million)
Table 122 Europe: Lithium Metal Market, by Source, 2023-2028 (USD Million)
Table 123 Europe: Lithium Metal Market, by Source, 2019-2022 (Tons)
Table 124 Europe: Lithium Metal Market, by Source, 2023-2028 (Tons)
9.4.2 Hungary
9.4.2.1 Investments in Lithium Extraction Technologies to Fuel Market
Table 125 Hungary: Lithium Metal Market, by Application, 2019-2022 (USD Million)
Table 126 Hungary: Lithium Metal Market, by Application, 2023-2028 (USD Million)
Table 127 Hungary: Lithium Metal Market, by Application, 2019-2022 (Tons)
Table 128 Hungary: Lithium Metal Market, by Application, 2023-2028 (Tons)
9.4.3 UK
9.4.3.1 Growth of Consumer Electronics Industry to Drive Market
Table 129 UK: Lithium Metal Market, by Application, 2019-2022 (USD Million)
Table 130 UK: Lithium Metal Market, by Application, 2023-2028 (USD Million)
Table 131 UK: Lithium Metal Market, by Application, 2019-2022 (Tons)
Table 132 UK: Lithium Metal Market, by Application, 2023-2028 (Tons)
9.4.4 Sweden
9.4.4.1 Emergence of Local Manufacturers to Surge Demand for Lithium Metal
Table 133 Sweden: Lithium Metal Market, by Application, 2019-2022 (USD Million)
Table 134 Sweden: Lithium Metal Market, by Application, 2023-2028 (USD Million)
Table 135 Sweden: Lithium Metal Market, by Application, 2019-2022 (Tons)
Table 136 Sweden: Lithium Metal Market, by Application, 2023-2028 (Tons)
9.4.5 Germany
9.4.5.1 Investments in Lithium Battery Manufacturing to Propel Market
Table 137 Germany: Lithium Metal Market, by Application, 2019-2022 (USD Million)
Table 138 Germany: Lithium Metal Market, by Application, 2023-2028 (USD Million)
Table 139 Germany: Lithium Metal Market, by Application, 2019-2022 (Tons)
Table 140 Germany: Lithium Metal Market, by Application, 2023-2028 (Tons)
9.4.6 Poland
9.4.6.1 Industrial Collaborations to Boost Market
Table 141 Poland: Lithium Metal Market, by Application, 2019-2022 (USD Million)
Table 142 Poland: Lithium Metal Market, by Application, 2023-2028 (USD Million)
Table 143 Poland: Lithium Metal Market, by Application, 2019-2022 (Tons)
Table 144 Poland: Lithium Metal Market, by Application, 2023-2028 (Tons)
9.4.7 Rest of Europe
Table 145 Rest of Europe: Lithium Metal Market, by Application, 2019-2022 (USD Million)
Table 146 Rest of Europe: Lithium Metal Market, by Application, 2023-2028 (USD Million)
Table 147 Rest of Europe: Lithium Metal Market, by Application, 2019-2022 (Tons)
Table 148 Rest of Europe: Lithium Metal Market, by Application, 2023-2028 (Tons)
9.5 Rest of the World
9.5.1 Recession Impact on Rest of the World
Table 149 Rest of the World: Lithium Metal Market, by Country, 2019-2022 (USD Million)
Table 150 Rest of the World: Lithium Metal Market, by Country, 2023-2028 (USD Million)
Table 151 Rest of the World: Lithium Metal Market, by Country, 2019-2022 (Tons)
Table 152 Rest of the World: Lithium Metal Market, by Country, 2023-2028 (Tons)
Table 153 Rest of the World: Lithium Metal Market, by Application, 2019-2022 (USD Million)
Table 154 Rest of the World: Lithium Metal Market, by Application, 2023-2028 (USD Million)
Table 155 Rest of the World: Lithium Metal Market, by Application, 2019-2022 (Tons)
Table 156 Rest of the World: Lithium Metal Market, by Application, 2023-2028 (Tons)
Table 157 Rest of the World: Lithium Metal Market, by Source, 2019-2022 (USD Million)
Table 158 Rest of the World: Lithium Metal Market, by Source, 2023-2028 (USD Million)
Table 159 Rest of the World: Lithium Metal Market, by Source, 2019-2022 (Tons)
Table 160 Rest of the World: Lithium Metal Market, by Source, 2023-2028 (Tons)
9.5.2 Middle East & Africa
9.5.2.1 Government Initiatives and Rising Disposable Income to Drive Market
Table 161 Middle East & Africa: Lithium Metal Market, by Application, 2019-2022 (USD Million)
Table 162 Middle East & Africa: Lithium Metal Market, by Application, 2023-2028 (USD Million)
Table 163 Middle East & Africa: Lithium Metal Market, by Application, 2019-2022 (Tons)
Table 164 Middle East & Africa: Lithium Metal Market, by Application, 2023-2028 (Tons)
9.5.3 South America
9.5.3.1 Large Lithium Reserves and Foreign Investments to Boost Market
Table 165 South America: Lithium Metal Market, by Application, 2019-2022 (USD Million)
Table 166 South America: Lithium Metal Market, by Application, 2023-2028 (USD Million)
Table 167 South America: Lithium Metal Market, by Application, 2019-2022 (Tons)
Table 168 South America: Lithium Metal Market, by Application, 2023-2028 (Tons)

10 Competitive Landscape
10.1 Introduction
10.2 Strategies Adopted by Key Market Players
Table 169 Strategies Adopted by Key Lithium Metal Manufacturers
10.3 Market Share Analysis
10.3.1 Ranking of Key Market Players
Figure 35 Ranking of Top Five Players in Lithium Metal Market, 2022
10.3.2 Market Share of Key Players
Table 170 Lithium Metal Market: Degree of Competition
Figure 36 Ganfeng Lithium Group Co., Ltd. Led Lithium Metal Market in 2022
10.3.3 Revenue Analysis of Top Players in Lithium Metal Market
Figure 37 Top Five Players - Revenue Analysis (2017-2021)
10.4 Company Footprint
Figure 38 Lithium Metal Market: Company Overall Footprint
Table 171 Lithium Metal Market: End-Use Industry Footprint
Table 172 Lithium Metal Market: Source Footprint
Table 173 Lithium Metal Market: Region Footprint
10.5 Company Evaluation Quadrant, 2022
10.5.1 Stars
10.5.2 Emerging Leaders
10.5.3 Pervasive Players
10.5.4 Participants
Figure 39 Company Evaluation Quadrant for Lithium Metal Market (Tier 1)
10.6 Startup/Sme Evaluation Quadrant, 2022
10.6.1 Progressive Companies
10.6.2 Dynamic Companies
10.6.3 Responsive Companies
10.6.4 Starting Blocks
Figure 40 Startup/Sme Evaluation Quadrant for Lithium Metal Market
10.7 Competitive Benchmarking
Table 174 Lithium Metal Market: Detailed List of Key Startups/Smes
Table 175 Lithium Metal Market: Competitive Benchmarking of Key Startups/Smes
10.8 Competitive Scenario
Table 176 Lithium Metal Market: Deals, 2018-2022
Table 177 Lithium Metal Market: Other Developments, 2018-2022

11 Company Profiles
(Business Overview, Products Offered, Recent Developments & Analyst's View)*
11.1 Key Players
11.1.1 Albemarle Corporation
Table 178 Albemarle Corporation: Company Overview
Figure 41 Albemarle Corporation: Company Snapshot
11.1.2 Livent
Table 179 Livent: Company Overview
Figure 42 Livent: Company Snapshot
11.1.3 Tianqi Lithium Co., Ltd.
Table 180 Tianqi Lithium Co., Ltd.: Company Overview
Figure 43 Tianqi Lithium Co., Ltd.: Company Snapshot
11.1.4 Ganfeng Lithium Group Co., Ltd.
Table 181 Ganfeng Lithium Group Co., Ltd.: Company Overview
Figure 44 Ganfeng Lithium Group Co., Ltd.: Company Snapshot
11.1.5 Shenzhen Chengxin Lithium Group Co., Ltd.
Table 182 Shenzhen Chengxin Lithium Group Co., Ltd.: Company Overview
Figure 45 Shenzhen Chengxin Lithium Group Co., Ltd.: Company Snapshot
11.1.6 China Lithium Products Technology Co., Ltd.
Table 183 China Lithium Products Technology Co., Ltd.: Company Overview
11.2 Other Players
11.2.1 Shanghai China Lithium Industrial Co., Ltd.
Table 184 Shanghai China Lithium Industrial Co., Ltd.: Company Overview
11.2.2 China Energy Lithium Co., Ltd.
Table 185 China Energy Lithium Co., Ltd.: Company Overview
11.2.3 Cnnc Jianzhong Nuclear Fuel Co., Ltd.
Table 186 Cnnc Jianzhong Nuclear Fuel Co., Ltd.: Company Overview
11.2.4 Shandong Ruifu Lithium Industry Co., Ltd.
Table 187 Shandong Ruifu Lithium Industry Co., Ltd.: Company Overview
11.2.5 Otto Chemie Pvt. Ltd.
Table 188 Otto Chemie Pvt. Ltd.: Company Overview
11.2.6 Cmp
Table 189 Cmp: Company Overview
11.2.7 Li-Metal Corp.
Table 190 Li-Metal Corp: Company Overview
11.2.8 Pure Lithium
Table 191 Pure Lithium: Company Overview
11.2.9 American Elements
Table 192 American Elements: Company Overview
11.2.10 Oxford Lab Fine Chem Llp
Table 193 Oxford Lab Fine Chem Llp: Company Overview
11.2.11 The Honjo Chemical Corporation
Table 194 The Honjo Chemical Corporation: Company Overview
11.2.12 Alpha-En Corporation
Table 195 Alpha-En Corporation: Company Overview
11.2.13 Spectrum Chemical
Table 196 Spectrum Chemical: Company Overview
  • *Details on Business Overview, Products Offered, Recent Developments & Analyst's View Might Not be Captured in Case of Unlisted Companies.
12 Adjacent and Related Markets
12.1 Introduction
12.2 Limitations
12.3 Cyclopentane Interconnected Markets
12.3.1 Lithium Compounds Market
12.3.1.1 Market Definition
12.3.1.2 Market Overview
12.3.1.3 Lithium Compounds Market, by End-Use Industry
12.3.1.3.1 Lithium-Ion Batteries
12.3.1.3.2 Glass & Ceramics
12.3.1.3.3 Medical
12.3.1.3.4 Lubricants
12.3.1.3.5 Metallurgy
12.3.1.3.6 Polymers
12.3.1.3.7 Others
Table 197 Lithium Compounds Market, by End-Use Industry, 2018-2025 (Kt)
Table 198 Lithium Compounds Market, by End-Use Industry, 2018-2025 (USD Million)
12.3.2 Lithium-Ion Battery Market
12.3.2.1 Market Definition
12.3.2.2 Market Overview
12.3.2.3 Lithium-Ion Battery Market, by Capacity
12.3.2.3.1 0-3,000 Mah
12.3.2.3.2 3,000-10,000 Mah
12.3.2.3.3 10,000-60,000 Mah
12.3.2.3.4 60,000 Mah and Above
Table 199 Lithium-Ion Battery Market, by Capacity, 2018-2021 (USD Million)
Table 200 Lithium-Ion Battery Market, by Capacity, 2022-2031 (USD Million)

13 Appendix
13.1 Discussion Guide
13.2 Knowledgestore: The Subscription Portal
13.3 Customization Options

Executive Summary

Companies Mentioned

  • Albemarle Corporation
  • Alpha-En Corporation
  • American Elements
  • China Energy Lithium Co., Ltd.
  • China Lithium Products Technology Co., Ltd.
  • Cmp
  • Cnnc Jianzhong Nuclear Fuel Co., Ltd.
  • Ganfeng Lithium Group Co., Ltd.
  • Li-Metal Corp.
  • Livent
  • Otto Chemie Pvt. Ltd.
  • Oxford Lab Fine Chem Llp
  • Pure Lithium
  • Shandong Ruifu Lithium Industry Co., Ltd.
  • Shanghai China Lithium Industrial Co., Ltd.
  • Shenzhen Chengxin Lithium Group Co., Ltd.
  • Spectrum Chemical
  • The Honjo Chemical Corporation
  • Tianqi Lithium Co., Ltd.

Methodology

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Table Information

Report AttributeDetails
No. of Pages181
PublishedJune 2023
Forecast Period2023 - 2028
Estimated Market Value ( USD ) in 2023 $ 1.7 Billion
Forecasted Market Value ( USD ) by 2028 $ 4.3 Billion
Compound Annual Growth Rate20.4%
Regions CoveredGlobal
No. of Companies Mentioned19

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About the Lithium Market

The Lithium market is a subset of the Non Ferrous Metals industry. Lithium is a soft, silvery-white metal that is highly reactive and flammable. It is used in a variety of applications, including batteries, lubricants, pharmaceuticals, and glass. Lithium is also used in the production of alloys, such as aluminum-lithium and magnesium-lithium. The demand for lithium has grown in recent years due to its use in electric vehicles and other green energy technologies. The global lithium market is highly competitive, with a number of major players. These include Albemarle Corporation, FMC Corporation, SQM, Tianqi Lithium, Ganfeng Lithium, and Orocobre. These companies are involved in the exploration, production, and distribution of lithium products. They are also involved in research and development of new technologies related to lithium. Show Less Read more

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