Product Code: GVR-4-68040-645-3
Lithium Chemicals Market Growth & Trends:
The global lithium chemicals market size is anticipated to reach USD 95.12 billion by 2030 and is anticipated to expand at a CAGR of 19.4% during the forecast period, according to a new report by Grand View Research, Inc. The market is experiencing robust growth, primarily driven by surging demand for lithium-ion batteries in electric vehicles, energy storage systems, and consumer electronics. Government policies promoting electrification, coupled with rising investments in battery manufacturing and raw material refining, are accelerating market expansion.
The Carbonate segment dominated the market with a revenue share of 60.7% in 2024. This growth is primarily driven by its critical role in lithium-ion batteries used in EVs, electronics, and energy storage. Lithium carbonate dominates due to its high energy density and electrochemical properties.
The Industrial segment is expected to grow fastest with a CAGR of 19.8% from 2025-2030 during the forecast period. This surge is primarily driven by rising demand in energy storage, aerospace, and manufacturing. Growth is fueled by the shift to renewables and advances in battery technologies, including solid-state variants.
Asia Pacific led with a 60.1% revenue share in 2024, driven by strong EV and energy storage demand. China, Japan, and South Korea dominate due to aggressive EV targets, major battery production, and supportive clean energy policies.
Some of the prominent players in the carbon monoxide market include Infinitylithium, ProChem, Inc. International, Arcadium Lithium, Talison Lithium Pty Ltd, SICHUAN BRIVO LITHIUM MATERIALS CO., LTD., Neometals Ltd, ANDRITZ Sovema S.p.A., Ganfeng Lithium Co., Ltd., Critical Elements Lithium Corporation, Altura Mining, Lithium Americas Corp., The Pallinghurst Group, SQM S.A., Albemarle Corporation, Mody Chemi-Pharma Limited, Pilbara Minerals Limited, ProChem, Inc. International, Arcadium Lithium, Talison Lithium Pty Ltd, SICHUAN BRIVO LITHIUM MATERIALS CO., LTD., Neometals Ltd, ANDRITZ Sovema S.p.A., Ganfeng Lithium Co., Ltd., Critical Elements Lithium Corporation, Altura Mining, Lithium Americas Corp., The Pallinghurst Group, SQM S.A., Albemarle Corporation, Mody Chemi-Pharma Limited, Pilbara Minerals Limited.
Lithium Chemicals Market Report Highlights:
- The chloride segment is projected to grow fastest a CAGR of 20.3% from 2025 to 2030, driven by its use in moisture control and lithium metal synthesis for advanced batteries. Rising energy storage needs and electronics demand are key growth factors.
- China's lithium chemicals market growth is fueled by strong EV adoption, battery manufacturing dominance, and supportive policies aimed at carbon reduction and renewable energy expansion.
- In March 2025, Rio Tinto finalized its USD 6.7 billion acquisition of Arcadium Lithium, incorporating key assets such as the Rincon project into its portfolio. This strategic acquisition strengthens Rio Tinto's foothold in the lithium sector, aligning with its efforts to meet the rising global demand for battery-grade materials.
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.1.1. Market Segmentation
- 1.1.2. Market Definition
- 1.2. Research Scope & Assumptions
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
- 1.7. List of Abbreviations
Chapter 2. Executive Summary
- 2.1. Market Snapshot, 2024 (USD Billion)
- 2.2. Segmental Snapshot
- 2.3. Competitive Landscape Snapshot
Chapter 3. Global Lithium Chemicals Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Raw Product Trends
- 3.2.2. Technology Trends
- 3.2.3. Sales Channel Analysis
- 3.3. Price Trend Analysis, 2018 - 2030
- 3.3.1. Factors Influencing Prices
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market Driver Analysis
- 3.5.2. Market Restraint Analysis
- 3.5.3. Market Opportunity Analysis
- 3.5.4. Market Challenge Analysis
- 3.6. Business Environment Analysis
- 3.6.1. Porter's Five Forces Analysis
- 3.6.2. PESTEL Analysis
Chapter 4. Global Lithium Chemicals Market: Product Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Product Movement Analysis & Market Share, 2024 & 2030
- 4.2.1. Carbonate
- 4.2.1.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 4.2.2. Hydroxide
- 4.2.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 4.2.3. Chloride
- 4.2.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 4.2.4. Others
- 4.2.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Billion)
Chapter 5. Global Lithium Chemicals Market: End Use Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. End Use Movement Analysis & Market Share, 2024 & 2030
- 5.2.1. Automotive
- 5.2.1.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 5.2.2. Consumer Electrical
- 5.2.2.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 5.2.3. Industrial
- 5.2.3.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 5.2.4. Chemicals
- 5.2.4.1. Market estimates and forecasts, 2018 - 2030 (Kilotons) (USD Billion)
Chapter 6. Global Lithium Chemicals Market: Region Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. Regional Movement Analysis & Market Share, 2024 & 2030
- 6.3. North America
- 6.3.1. North America Lithium Chemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.3.2. Market estimates and forecasts, By Product, 2018 - 2030 (Kilotons) (USD Billion)
- 6.3.3. Market estimates and forecasts, By End Use, 2018 - 2030 (Kilotons) (USD Billion)
- 6.3.4. U.S.
- 6.3.4.1. U.S. Lithium Chemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.3.4.2. Market estimates and forecasts, By Product, 2018 - 2030 (Kilotons) (USD Billion)
- 6.3.4.3. Market estimates and forecasts, By End Use, 2018 - 2030 (Kilotons) (USD Billion)
- 6.3.5. Canada
- 6.3.5.1. Canada Lithium Chemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.3.5.2. Market estimates and forecasts, By Product, 2018 - 2030 (Kilotons) (USD Billion)
- 6.3.5.3. Market estimates and forecasts, By End Use, 2018 - 2030 (Kilotons) (USD Billion)
- 6.3.6. Mexico
- 6.3.6.1. Mexico Lithium Chemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.3.6.2. Market estimates and forecasts, By Product, 2018 - 2030 (Kilotons) (USD Billion)
- 6.3.6.3. Market estimates and forecasts, By End Use, 2018 - 2030 (Kilotons) (USD Billion)
- 6.4. Europe
- 6.4.1. Europe Lithium Chemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.4.2. Market estimates and forecasts, By Product, 2018 - 2030 (Kilotons) (USD Billion)
- 6.4.3. Market estimates and forecasts, By End Use, 2018 - 2030 (Kilotons) (USD Billion)
- 6.4.4. Germany
- 6.4.4.1. Germany Lithium Chemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.4.4.2. Market estimates and forecasts, By Product, 2018 - 2030 (Kilotons) (USD Billion)
- 6.4.4.3. Market estimates and forecasts, By End Use, 2018 - 2030 (Kilotons) (USD Billion)
- 6.4.5. UK
- 6.4.5.1. UK Lithium Chemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.4.5.2. Market estimates and forecasts, By Product, 2018 - 2030 (Kilotons) (USD Billion)
- 6.4.5.3. Market estimates and forecasts, By End Use, 2018 - 2030 (Kilotons) (USD Billion)
- 6.4.6. France
- 6.4.6.1. France Lithium Chemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.4.6.2. Market estimates and forecasts, By Product, 2018 - 2030 (Kilotons) (USD Billion)
- 6.4.6.3. Market estimates and forecasts, By End Use, 2018 - 2030 (Kilotons) (USD Billion)
- 6.4.7. Italy
- 6.4.7.1. Italy Lithium Chemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.4.7.2. Market estimates and forecasts, By Product, 2018 - 2030 (Kilotons) (USD Billion)
- 6.4.7.3. Market estimates and forecasts, By End Use, 2018 - 2030 (Kilotons) (USD Billion)
- 6.4.8. Spain
- 6.4.8.1. Spain Lithium Chemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.4.8.2. Market estimates and forecasts, By Product, 2018 - 2030 (Kilotons) (USD Billion)
- 6.4.8.3. Market estimates and forecasts, By End Use, 2018 - 2030 (Kilotons) (USD Billion)
- 6.5. Asia Pacific
- 6.5.1. Asia Pacific Lithium Chemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.5.2. Market estimates and forecasts, By Product, 2018 - 2030 (Kilotons) (USD Billion)
- 6.5.3. Market estimates and forecasts, By End Use, 2018 - 2030 (Kilotons) (USD Billion)
- 6.5.4. China
- 6.5.4.1. China Lithium Chemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.5.4.2. Market estimates and forecasts, By Product, 2018 - 2030 (Kilotons) (USD Billion)
- 6.5.4.3. Market estimates and forecasts, By End Use, 2018 - 2030 (Kilotons) (USD Billion)
- 6.5.5. India
- 6.5.5.1. India Lithium Chemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.5.5.2. Market estimates and forecasts, By Product, 2018 - 2030 (Kilotons) (USD Billion)
- 6.5.5.3. Market estimates and forecasts, By End Use, 2018 - 2030 (Kilotons) (USD Billion)
- 6.5.6. Japan
- 6.5.6.1. Japan Lithium Chemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.5.6.2. Market estimates and forecasts, By Product, 2018 - 2030 (Kilotons) (USD Billion)
- 6.5.6.3. Market estimates and forecasts, By End Use, 2018 - 2030 (Kilotons) (USD Billion)
- 6.5.7. South Korea
- 6.5.7.1. South Korea Lithium Chemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.5.7.2. Market estimates and forecasts, By Product, 2018 - 2030 (Kilotons) (USD Billion)
- 6.5.7.3. Market estimates and forecasts, By End Use, 2018 - 2030 (Kilotons) (USD Billion)
- 6.6. Latin America
- 6.6.1. Latin America Lithium Chemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.6.2. Market estimates and forecasts, By Product, 2018 - 2030 (Kilotons) (USD Billion)
- 6.6.3. Market estimates and forecasts, By End Use, 2018 - 2030 (Kilotons) (USD Billion)
- 6.6.4. Brazil
- 6.6.4.1. Brazil Lithium Chemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.6.4.2. Market estimates and forecasts, By Product, 2018 - 2030 (Kilotons) (USD Billion)
- 6.6.4.3. Market estimates and forecasts, By End Use, 2018 - 2030 (Kilotons) (USD Billion)
- 6.6.5. Argentina
- 6.6.5.1. Argentina Lithium Chemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.6.5.2. Market estimates and forecasts, By Product, 2018 - 2030 (Kilotons) (USD Billion)
- 6.6.5.3. Market estimates and forecasts, By End Use, 2018 - 2030 (Kilotons) (USD Billion)
- 6.7. Middle East & Africa
- 6.7.1. Middle East & Africa Lithium Chemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.7.2. Market estimates and forecasts, By Product, 2018 - 2030 (Kilotons) (USD Billion)
- 6.7.3. Market estimates and forecasts, By End Use, 2018 - 2030 (Kilotons) (USD Billion)
- 6.7.4. Saudi Arabia
- 6.7.4.1. Saudi Arabia Lithium Chemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.7.4.2. Market estimates and forecasts, By Product, 2018 - 2030 (Kilotons) (USD Billion)
- 6.7.4.3. Market estimates and forecasts, By End Use, 2018 - 2030 (Kilotons) (USD Billion)
- 6.7.5. South Africa
- 6.7.5.1. South Africa Lithium Chemicals Market Estimates & Forecasts, 2018 - 2030 (Kilotons) (USD Billion)
- 6.7.5.2. Market estimates and forecasts, By Product, 2018 - 2030 (Kilotons) (USD Billion)
- 6.7.5.3. Market estimates and forecasts, By End Use, 2018 - 2030 (Kilotons) (USD Billion)
Chapter 7. Competitive Landscape
- 7.1. Key Global Players & Recent Developments & Their Impact on the Industry
- 7.2. Company/Competition Categorization
- 7.3. Company Market Position Analysis, 2024
- 7.4. Company Heat Map Analysis
- 7.5. Strategy Mapping
- 7.5.1. Expansions
- 7.5.2. Mergers & Acquisitions
- 7.5.3. Collaborations/Partnerships/Agreements
- 7.5.4. New Product Launches
- 7.5.5. Others
Chapter 8. Company Listing (Overview, Financial Performance, Products Overview)
- 8.1. Infinitylithium
- 8.1.1. Company Overview
- 8.1.2. Financial Performance
- 8.1.3. Product Benchmarking
- 8.2. ProChem, Inc. International
- 8.2.1. Company Overview
- 8.2.2. Financial Performance
- 8.2.3. Product Benchmarking
- 8.3. Arcadium Lithium
- 8.3.1. Company Overview
- 8.3.2. Financial Performance
- 8.3.3. Product Benchmarking
- 8.4. Talison Lithium Pty Ltd
- 8.4.1. Company Overview
- 8.4.2. Financial Performance
- 8.4.3. Product Benchmarking
- 8.5. Neometals Ltd
- 8.5.1. Company Overview
- 8.5.2. Financial Performance
- 8.5.3. Product Benchmarking
- 8.6. ANDRITZ Sovema S.p.A.
- 8.6.1. Company Overview
- 8.6.2. Financial Performance
- 8.6.3. Product Benchmarking
- 8.7. Ganfeng Lithium Co., Ltd.
- 8.7.1. Company Overview
- 8.7.2. Financial Performance
- 8.7.3. Product Benchmarking
- 8.8. Critical Elements Lithium Corporation
- 8.8.1. Company Overview
- 8.8.2. Financial Performance
- 8.8.3. Product Benchmarking
- 8.9. Altura Mining
- 8.9.1. Company Overview
- 8.9.2. Financial Performance
- 8.9.3. Product Benchmarking
- 8.10. Lithium Americas Corp.
- 8.10.1. Company Overview
- 8.10.2. Financial Performance
- 8.10.3. Product Benchmarking
- 8.11. The Pallinghurst Group
- 8.11.1. Company Overview
- 8.11.2. Financial Performance
- 8.11.3. Product Benchmarking
- 8.12. SQM S.A.
- 8.12.1. Company Overview
- 8.12.2. Financial Performance
- 8.12.3. Product Benchmarking
- 8.13. Albemarle Corporation
- 8.13.1. Company Overview
- 8.13.2. Financial Performance
- 8.13.3. Product Benchmarking
- 8.14. SICHUAN BRIVO LITHIUM MATERIALS CO., LTD.
- 8.14.1. Company Overview
- 8.14.2. Financial Performance
- 8.14.3. Product Benchmarking
- 8.15. Mody Chemi-Pharma Limited
- 8.15.1. Company Overview
- 8.15.2. Financial Performance
- 8.15.3. Product Benchmarking
- 8.16. Pilbara Minerals Limited
- 8.16.1. Company Overview
- 8.16.2. Financial Performance
- 8.16.3. Product Benchmarking