Latin America Lithium Market Size & Outlook, 2030

Revenue, 2023 (US$M)

$184.1

Forecast, 2030 (US$M)

$336.7

CAGR, 2024 - 2030

Report Coverage

Latin America

Latin America lithium market, 2018-2030 (US$M)

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Latin America lithium market highlights

The Latin America lithium market generated a revenue of USD 184.1 million in 2023.
The market is expected to grow at a CAGR of 9% 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.

Latin America data book summary

Market revenue in 2023	USD 184.1 million
Market revenue in 2030	USD 336.7 million
Growth rate	9% (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, Latin America region accounted for 0.6% 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: U.S. , Japan , Canada , Mexico , Germany

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Lithium Market Scope

Lithium market segmentation & scope

Product

Carbonates

Hydroxides

Other Products

Application

Automotive

Consumer Electronics

Grid Storage

Glass & Electronics

Other Applications

Regions

Latin America

Europe

North America

Middle East & Africa

Asia Pacific

Countries

U.S.

Canada

Mexico

Germany

France

China

Japan

South Korea

Lithium Market Companies

Name	Profile	# Employees	HQ	Website

Latin America 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 54.26% in 2023. Horizon Databook has segmented the Latin America lithium market based on carbonates, hydroxides, other products covering the revenue growth of each sub-segment from 2018 to 2030.

Central & South America holds prominence in the global market for lithium in terms of its production. South America is known as the Lithium Triangle of the world. The region is expected to become the nexus of this coveted mineral also known as white gold in the coming years.

Lithium Triangle is known for its lithium reserves in the southwest corner of the South American Andes that stretches across the borders of Chile, Bolivia, and Argentina, thereby forming a geographic triangle of lithium resources beneath its salt flats.

Latin America houses the largest lithium reserves in the world. According to the World Economic Forum, Chile, Bolivia, and Argentina represented approximately 60% of the global lithium resources in 2023.

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Target buyers of Latin America lithium market databook

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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America lithium market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America lithium market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

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