Germany Lithium Market Size & Outlook, 2023-2030
Germany lithium market, 2018-2030 (US$M)
Related Markets
Germany lithium market highlights
- The Germany lithium market generated a revenue of USD 1,283.1 million in 2023 and is expected to reach USD 2,667.2 million by 2030.
- The Germany market is expected to grow at a CAGR of 11% 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 1,283.1 million |
| Market revenue in 2030 | USD 2,667.2 million |
| Growth rate | 11% (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, Germany accounted for 4.0% of the global lithium market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Europe, France lithium market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 3,813.9 million by 2030.
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Lithium Market Scope
Lithium Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany 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 49.6% in 2023. Horizon Databook has segmented the Germany lithium market based on carbonates, hydroxides, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Germany's lithium market has been experiencing significant growth, driven primarily by the EV sector and grid storage applications. Germany holds the largest share of 20.9% in Europe, the country's position is further expected to rise.
As country is trying to secure critical minerals supply to reduce dependency on foreign critical minerals, particularly from China, the German government announced in February 2024 allocated approximately EUR 1 billion towards investments in raw materials.
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Target buyers of Germany 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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Horizon Databook provides a detailed overview of country-level data and insights on the Germany lithium market , including forecasts for subscribers. This country databook contains high-level insights into Germany lithium market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Germany lithium market size, by product, 2018-2030 (US$M)
Germany Lithium Market Outlook Share, 2023 & 2030 (US$M)
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