Middle East & Africa Lithium Market Size & Outlook, 2030

Revenue, 2023 (US$M)

$668.9

Forecast, 2030 (US$M)

$1,398.0

CAGR, 2024 - 2030

11.1%

Report Coverage

Middle East & Africa

Middle East & Africa lithium market, 2018-2030 (US$M)

Related Markets

Global Lithium Industry Outlook

North America Lithium Market Outlook

U.S. Lithium Market Outlook

Canada Lithium Market Outlook

Mexico Lithium Market Outlook

Europe Lithium Market Outlook

Germany Lithium Market Outlook

France Lithium Market Outlook

Asia Pacific Lithium Market Outlook

Japan Lithium Market Outlook

China Lithium Market Outlook

South Korea Lithium Market Outlook

Latin America Lithium Market Outlook

MEA lithium market highlights

The MEA lithium market generated a revenue of USD 668.9 million in 2023.
The market is expected to grow at a CAGR of 11.1% 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.

MEA data book summary

Market revenue in 2023	USD 668.9 million
Market revenue in 2030	USD 1,398.0 million
Growth rate	11.1% (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, MEA region accounted for 2.1% 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

No credit card required*

Horizon in a snapshot

30K+ Global Market Reports
120K+ Country Reports
1.2M+ Market Statistics
200K+ Company Profiles
Industry insights and more

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

Middle East & Africa 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 54.3% in 2023. Horizon Databook has segmented the Middle East & Africa lithium market based on carbonates, hydroxides, other products covering the revenue growth of each sub-segment from 2018 to 2030.

The prevailing trend of adopting clean and renewable energy resources by opting for explicit minerals such as lithium for batteries and rare earth for magnets in electric generators and motors is expected to face intense competition across the world.

As per the National Intelligence Council, the leading market players are expected to target countries such as the Democratic Republic of the Congo within the next two decades to supply these minerals as performers race to create innovative renewable energy technologies.

To enable additional renewable energy in grid systems and support the widespread adoption of EVs, advanced energy storage is required. Advanced energy storage is anticipated to almost certainly enable the development of autonomous and blockchain-based electrical grids.

Reasons to subscribe to Middle East & Africa lithium market databook:

Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.

Target buyers of Middle East & Africa lithium market databook

Our clientele includes a mix of lithium market companies, investment firms, advisory firms & academic institutions.
30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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 Middle East & Africa lithium market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa lithium market from 2018 to 2030, including revenue numbers, major trends, and company profiles.

Partial client list