The increasing demand for lithium foils for energy storage and batteries is a major factor influencing the market growth.
Market Size - USD 80.89 billion in 2019, Market Growth - CAGR of 9.0%, Market Trends - Increasing demand from the pharmaceutical sector.
The Global Lithium Foil Market is expected to reach USD 167.86 Billion by 2027, according to our recent report. Lithium is a soft, silver metal, and is the lightest metal on earth. Lithium is kept under oil to check corrosion as the metal reacts gradually with water and with air, where it ultimately forms a black coating of oxide. Lithium finds application as an alloying agent with aluminum and magnesium. Lithium is used in the manufacturing of batteries. Lithium and its compounds also find applications in the production of glass and ceramics.
An increase in the implementation of lithium foils in batteries used in various end-use products like electric vehicles, smart wearable, IoT devices, and RFID tags, among others, is estimated to stimulate the market demand.
North America is a key revenue-generating region in the market, with a growth rate of 9.0% over the forecast period. This can be attributed to rapid technological developments in the region, which has created a surge in demand for lithium foil, especially in energy storage and battery application. Developments in the field of nuclear science in the region have also given a push to market demand.
Further key findings from the report suggest
For the purpose of this report, Reports and Data has segmented the Global Lithium Foil Market on the basis of product type, application, and region:
Product Type (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
Reasons to Buy the Report
Market Size - USD 80.89 billion in 2019, Market Growth - CAGR of 9.0%, Market Trends - Increasing demand from the pharmaceutical sector.
The Global Lithium Foil Market is expected to reach USD 167.86 Billion by 2027, according to our recent report. Lithium is a soft, silver metal, and is the lightest metal on earth. Lithium is kept under oil to check corrosion as the metal reacts gradually with water and with air, where it ultimately forms a black coating of oxide. Lithium finds application as an alloying agent with aluminum and magnesium. Lithium is used in the manufacturing of batteries. Lithium and its compounds also find applications in the production of glass and ceramics.
An increase in the implementation of lithium foils in batteries used in various end-use products like electric vehicles, smart wearable, IoT devices, and RFID tags, among others, is estimated to stimulate the market demand.
North America is a key revenue-generating region in the market, with a growth rate of 9.0% over the forecast period. This can be attributed to rapid technological developments in the region, which has created a surge in demand for lithium foil, especially in energy storage and battery application. Developments in the field of nuclear science in the region have also given a push to market demand.
Further key findings from the report suggest
- 3N product type is expected to contribute to the largest market share with a CAGR of 9.1% over the forecast period.
- Based on application, the energy storage and battery segment is projected to occupy the largest market share due to the extensive use of lithium foils in batteries, which find massive applications in consumer electronics, automotive, and grid storage.
- The Asia Pacific region is projected to contribute to the largest market share with a CAGR of 9.1% in the forecast period owing to rapid growth in the consumer electronics and energy sector. The recent growth in lithium’s deployment in electric vehicles is further fuelling the growth of the market in this region.
- Key participants include American Elements, Central Electronics Ltd., FMC, Novosibirsk, Chemetall, CNNC Jianzhong, Ganfeng Lithium, Tianqi Lithium, Hongwei Lithium, and Albemarle, among others.
For the purpose of this report, Reports and Data has segmented the Global Lithium Foil Market on the basis of product type, application, and region:
Product Type (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
- 2N
- 3N
- 4N
- 5N
Application Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
- Energy Storage & Batteries
- Research & Laboratory
- Nuclear Energy
- Pharmaceuticals & Intermediate
- Lubricants & Greases
- Ceramics & Glass
- Others
Regional Outlook (Volume, Kilo Tons; Revenue, USD Million; 2017-2027)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Southeast Asia
- Latin America
- Brazil
- Middle East & Africa
Reasons to Buy the Report
- A robust analysis and estimation of the Lithium Foil Market with four levels of quality check - in-house database, expert interviews, governmental regulation, and a forecast specifically done through time series analysis
- A holistic competitive landscape of the all the major players in the Lithium Foil market. The report covers their market shares, strategic initiatives, new product launches, R&D expenditure, M&As, Joint ventures, expansionary plans, product wise metric space analysis and key developments
- Go-to-market strategies specifically formulated in line with location analysis which takes into the factors such as government regulations, supplier mapping, supply chain obstacles, and feedback from local vendors
- Most deep dive segmental bifurcation available currently in the market. Our stellar methodology helps us understand the overall gamut of the supply chain and will help you explain the current market dynamics
- Special focus given on vendor landscape, supplier portfolio, customer mapping, production capacity, and yearly capacity utilization
Table of Contents
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Lithium Foil Market Segmentation & Impact Analysis
Chapter 5. Lithium Foil Market Product Type Insights & Trends
Chapter 6. Lithium Foil Market Product Type Insights & Trends
Chapter 7. Lithium Foil Market Type Insights & Trends
Chapter 8. Lithium Foil Market Shape Insights & Trends
Chapter 9. Lithium Foil Market Standard Thickness Insights & Trends
Chapter 10. Lithium Foil Market Appplication Insights & Trends
Chapter 11. Lithium Foil Regional Outlook
Chapter 12. Competitive Landscape
Chapter 13. Company Profiles
Companies Mentioned
- American Elements
- Central Electronics Ltd.
- FMC
- Novosibirsk
- Chemetall
- CNNC Jianzhong
- Ganfeng Lithium
- Tianqi Lithium
- Hongwei Litium
- Albemarle