China Lithium Market Size & Outlook, 2023-2030
China lithium market, 2018-2030 (US$M)
Related Markets
China lithium market highlights
- The China lithium market generated a revenue of USD 8,869.2 million in 2023 and is expected to reach USD 21,768.2 million by 2030.
- The China market is expected to grow at a CAGR of 13.7% 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.
Lithium market data book summary
| Market revenue in 2023 | USD 8,869.2 million |
| Market revenue in 2030 | USD 21,768.2 million |
| Growth rate | 13.7% (CAGR from 2023 to 2030) |
| Largest segment | Carbonates |
| Fastest growing segment | Hydroxides |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, China accounted for 27.9% of the global lithium market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China lithium market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 21,768.2 million by 2030.
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Lithium Market Scope
Lithium Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China 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 56.7% in 2023. Horizon Databook has segmented the China lithium market based on carbonates, hydroxides, other products covering the revenue growth of each sub-segment from 2018 to 2030.
China held 46.3% share of the lithium market in Asia Pacific in 2023 in terms of volume, underscoring its central position in the global lithium value chain. This dominance is rooted in the country’s comprehensive control over lithium refining and battery production processes.
Catering to the ongoing demand from various end-use industries, such as electric vehicles (EVs), consumer goods, and grid storage. The anticipated growth in these sectors is expected to further boost the lithium demand in China during the forecast period.
Owing to the rising demand for EVs and EV batteries, Chinese companies are enhancing their competitive edge by transitioning from nickel manganese cobalt (NMC) batteries to lithium iron phosphate (LFP) batteries.
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Target buyers of China 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 country-level data and insights on the China lithium market , including forecasts for subscribers. This country databook contains high-level insights into China lithium market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China lithium market size, by product, 2018-2030 (US$M)
China Lithium Market Outlook Share, 2023 & 2030 (US$M)
Related regional statistics
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