Global Lithium Market Size & Outlook, 2025-2030
Global lithium market, 2018-2030 (US$M)
Related Markets
Global lithium market highlights
- The global lithium market generated a revenue of USD 31,752.2 million in 2023 and is expected to reach USD 74,809.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 13% by 2030.
- In terms of segment, carbonates accounted for a revenue of USD 17,477.1 million in 2023.
- Hydroxides is the most lucrative product segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 31,752.2 million |
| Market revenue in 2030 | USD 74,809.4 million |
| Growth rate | 13% (CAGR from 2023 to 2030) |
| Largest segment | Carbonates |
| Fastest growing segment | Hydroxides |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carbonates, Hydroxides, Other Products |
Other key industry trends
- In terms of revenue, the North America accounted for 13.0% of the global lithium market in 2023.
- By country, the China is projected to lead the global market in terms of revenue in 2030.
- By country, Mexico is the fastest growing regional market and is projected to reach USD 518.0 million by 2030.
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Lithium Market Scope
Lithium Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Mineral Resources Ltd | View profile | 5000 | 20 Walters Drive, Osborne Park, Applecross, Western Australia, WA, Australia, 6017 | https://www.mineralresources.com.au |
| Beard Co | View profile | 16 | 301 N.W. 63rd Street, Suite 400, Harvey Parkway, Oklahoma City, OK, United States, 73116 | http://www.beardco.com |
| 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 |
| Livento Group Inc | View profile | 11 | 17 State Street, Suite 4000, New York, NY, United States, 10004 | https://www.liventogroup.com |
| Sociedad Quimica Y Minera De Chile SA ADR | View profile | 7474 | El Trovador 4285, 6th Floor, Las Condes, Santiago, Chile | https://www.sqm.com |
| Albemarle Corp | View profile | 9000 | 4250 Congress Street, Suite 900, Charlotte, NC, United States, 28209 | https://www.albemarle.com |
Global lithium 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 market will help companies and investors design strategic landscapes.
Carbonates was the largest segment with a revenue share of 55.04% in 2024. Horizon Databook has segmented the Global lithium market based on carbonates, hydroxides, other products covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Lithium Product Outlook (Revenue, USD Million, 2018-2030)
- Carbonates
- Hydroxides
- Other Products
- Global Lithium Application Outlook (Revenue, USD Million, 2018-2030)
- Automotive
- Consumer Electronics
- Grid Storage
- Glass & Electronics
- Other Applications
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Target buyers of Global lithium market databook
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Our clientele includes a mix of lithium market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of global-level data and insights on the Global lithium market , including forecasts for subscribers. This global databook contains high-level insights into Global lithium market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Global lithium market size, by regions, 2018-2030 (US$M)
Top 10 countries: Lithium market size, 2024 (US$M)
Global lithium market share, by product, 2024 & 2030 (%, US$M)
Lithium market: Opportunity assessment by country
Global lithium market, by region, 2024 (US$M)
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