Asia Pacific Lithium Carbonate Market Size & Outlook
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Asia Pacific lithium carbonate market highlights
- The Asia Pacific lithium carbonate market generated a revenue of USD 9,307.3 million in 2024.
- The market is expected to grow at a CAGR of 15.4% from 2025 to 2030.
- In terms of segment, lithium-ion batteries was the largest revenue generating battery type in 2024.
- Lithium-ion Batteries is the most lucrative battery type segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2025 to 2030.
Asia Pacific data book summary
| Market revenue in 2024 | USD 9,307.3 million |
| Market revenue in 2030 | USD 21,833.4 million |
| Growth rate | 15.4% (CAGR from 2025 to 2030) |
| Largest segment | Lithium-ion batteries |
| Fastest growing segment | Lithium-ion Batteries |
| Historical data covered | 2018 - 2023 |
| Base year for estimation | 2024 |
| Forecast period covered | 2025 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Lithium-ion Batteries, Lithium-metal Batteries, Others (if any) |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 35.4% of the global lithium carbonate market in 2024.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- North America is the fastest growing regional market and is projected to reach USD 14,021.8 million by 2030.
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Lithium Carbonate Market Scope
Lithium Carbonate Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Steyuan Mineral Resources Group | View profile | 51-100 | Tianjing, Tianjin, China, Asia | https://www.steyuan.com |
| Livent | View profile | 1001-5000 | Philadelphia, Pennsylvania, United States, North America | https://livent.com/ |
| Tianqi Lithium | View profile | 1001-5000 | Chengdu, Sichuan, China, Asia | http://en.tianqilithium.com |
| Ganfeng Lithium | View profile | 10001+ | Shanghai, Shanghai, China, Asia | http://www.ganfenglithium.com/ |
| SQM Group | View profile | 101-250 | Coeur D'alene, Idaho, United States, North America | https://www.sqmgroup.com/company |
| Pilbara Minerals Ltd | View profile | 768 | 146 Colin Street, Level 2, West Perth, Perth, WA, Australia, 6005 | https://www.pilbaraminerals.com.au |
| Lithium Americas Corp | View profile | - | 900 West Hastings Street, Suite 300, Vancouver, BC, Canada, V6C 1E5 | https://www.lithiumamericas.com |
| Albemarle Corp | View profile | 9000 | 4250 Congress Street, Suite 900, Charlotte, NC, United States, 28209 | https://www.albemarle.com |
Asia Pacific lithium carbonate market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to lithium carbonate market will help companies and investors design strategic landscapes.
Lithium-ion batteries was the largest segment with a revenue share of 61.74% in 2024. Horizon Databook has segmented the Asia Pacific lithium carbonate market based on lithium-ion batteries, lithium-metal batteries, others (if any) covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific lithium carbonate market is experiencing significant growth driven by the region's leadership in electric vehicle (EV) adoption and production. Countries like China, Japan, and South Korea are at the forefront of EV manufacturing, and the increasing demand for electric vehicles is pushing up the need for lithium-ion batteries, which rely heavily on lithium carbonate. The region's governments support EV growth through policies, subsidies, and the establishment of EV manufacturing hubs, further accelerating the market’s expansion. As a result, the demand for the product is rising to meet the growing production of EV batteries.
In Asia Pacific, countries like China and India are experiencing rapid growth in the electronics sector, with high demand for smartphones, laptops, and other portable devices. These devices rely on lithium-ion batteries, further driving the need for lithium carbonate. As advancements in technology continue to push the boundaries of battery performance, including longer battery life and faster charging, the need for high-quality lithium carbonate will continue to rise.
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Target buyers of Asia Pacific lithium carbonate market databook
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Our clientele includes a mix of lithium carbonate market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific lithium carbonate market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific lithium carbonate market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific lithium carbonate market size, by country, 2018-2030 (US$M)
Asia Pacific Lithium Carbonate Market Outlook Share, 2024 & 2030 (US$M)
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