Asia Pacific Lithium Market Size & Outlook, 2023-2030
Asia Pacific lithium market, 2018-2030 (US$M)
Related Markets
Asia Pacific lithium market highlights
- The Asia Pacific lithium market generated a revenue of USD 16,562.4 million in 2023.
- The market is expected to grow at a CAGR of 15.1% from 2024 to 2030.
- In terms of segment, carbonates was the largest revenue generating product in 2023.
- Hydroxides is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 16,562.4 million |
| Market revenue in 2030 | USD 44,259.8 million |
| Growth rate | 15.1% (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 |
| Key market players worldwide | Albemarle Corp, Sociedad Quimica Y Minera De Chile SA ADR, Livento Group Inc, Lithium Americas Corp, Pilbara Minerals Ltd, Beard Co, Mineral Resources Ltd |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 52.2% of the global lithium market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 44,259.8 million by 2030.
Key Regions: Japan , U.S. , China , South Korea , Canada
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Lithium Market Scope
Lithium Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific 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 55.58% in 2023. Horizon Databook has segmented the Asia Pacific lithium market based on carbonates, hydroxides, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific held the largest share of the global lithium market in 2023, in terms of revenue, owing to the rapidly developing automotive, glass, and consumer goods industries in countries, such as China, Japan, South Korea, and India.
The ongoing investments in the region to advance the battery technology sector are anticipated to drive the lithium market over the forecast period.
Governments across the region are trying to secure the supply chain of lithium for various industries, such as batteries, aircraft, and electric vehicles (EVs). Hence, the government is coming up with positive policies.
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Target buyers of Asia Pacific 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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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 market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific lithium market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific lithium market size, by country, 2018-2030 (US$M)
Asia Pacific Lithium Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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