U.S. Lithium Market Size & Outlook, 2023-2030
U.S. lithium market, 2018-2030 (US$M)
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U.S. lithium market highlights
- The U.S. lithium market generated a revenue of USD 3,336.8 million in 2023 and is expected to reach USD 6,351.1 million by 2030.
- The U.S. market is expected to grow at a CAGR of 9.6% 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 3,336.8 million |
| Market revenue in 2030 | USD 6,351.1 million |
| Growth rate | 9.6% (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, U.S. accounted for 10.5% of the global lithium market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. lithium market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 6,351.1 million by 2030.
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Lithium Market Scope
Lithium Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 50.4% in 2023. Horizon Databook has segmented the U.S. lithium market based on carbonates, hydroxides, other products covering the revenue growth of each sub-segment from 2018 to 2030.
After China, the U.S. holds significance in battery production, which makes it one of the key lithium consuming countries in the world. The country has huge reserves of lithium. According to the USGS, lithium resources from brines and minerals account for 11.0 million tons in the U.S., as of 2023. However, the country mines only about 1% of lithium used in the world.
Recognizing the strategic importance of lithium, the U.S. Department of the Interior designated it as a critical mineral in 2018, a move that expedited the mine permitting process. This was highlighted by the approval of the Thacker Pass Lithium Mine by the Bureau of Land Management in January 2021.
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Target buyers of U.S. 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 U.S. lithium market , including forecasts for subscribers. This country databook contains high-level insights into U.S. lithium market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. lithium market size, by product, 2018-2030 (US$M)
U.S. Lithium Market Outlook Share, 2023 & 2030 (US$M)
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