Reports
Reports
Sale
The Australia lithium market size is projected to grow at a CAGR of 9.10% between 2024 and 2032.
The Australia lithium market is experiencing a surge in global demand driven by the growing production and sale of electric vehicles (EVs) and renewable energy storage solutions. This trend presents a significant opportunity for Australia to capitalise on its abundant lithium resources, contributing to economic growth, job creation, and the implementation of green energy initiatives.
Technological advancements in battery technology, particularly the shift towards high-nickel manganese cobalt (NMC) batteries that rely on lithium hydroxide, are shaping the demand for lithium in Australia. Additionally, strategic partnerships between Australia and key markets like the United States are emerging, driven by factors such as the US Inflation Reduction Act and the growing demand for lithium hydroxide. These partnerships open avenues for Australia lithium market development, trade opportunities, and collaboration in lithium production, strengthening the country’s position as a leading lithium producer on a global scale.
The lithium market in Australia caters to a diverse range of industries, including consumer goods, automotive (EV batteries), grid storage solutions, air treatment systems, and pharmaceutical applications. Lithium is utilised in consumer electronics, lubricant greases, electric vehicles, energy storage systems, air purification technologies, and surgical tools to handheld devices like automatic external defibrillators and infusion pumps.
Further, lithium is utilised in the production of alloys to enhance strength-to-weight ratios, compounds like lithium hydroxide, carbonate, and chloride for battery manufacturing, ceramics, and pharmaceutical applications, as well as in its elemental form for various industrial uses. Lithium compounds play a crucial role in battery technology, ceramics production, air treatment, and pharmaceutical formulations, while lithium metal and alloys find applications in aerospace, motorsport, and other industries requiring lightweight and durable materials.
Australia Lithium Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments
Market Breakup by Type
Market Breakup by Application
Market Breakup by End Use
Market Breakup by Region
The increased production of lithium hydroxide are creating opportunities for market players to meet the evolving requirements of battery manufacturers and support the transition to more efficient energy storage solutions.
REPORT FEATURES | DETAILS |
Base Year | 2023 |
Historical Period | 2018-2023 |
Forecast Period | 2024-2032 |
Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
Breakup by Type |
|
Breakup by Application |
|
Breakup by End Use |
|
Breakup by Region |
|
Market Dynamics |
|
Competitive Landscape |
|
Companies Covered |
|
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Asia Pacific Lithium Market Overview
8.1 Key Industry Highlights
8.2 Asia Pacific Lithium Historical Market (2018-2023)
8.3 Asia Pacific Lithium Market Forecast (2024-2032)
9 Australia Lithium Market Overview
9.1 Key Industry Highlights
9.2 Australia Lithium Market Historical Market (2018-2023)
9.3 Australia Lithium Market Forecast (2024-2032)
10 Australia Lithium Market by Type
10.1 Alloy
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Compound
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.2.3 Breakup by Type
10.2.3.1 Hydroxide
10.2.3.2 Carbonate
10.2.3.3 Chloride
10.3 Metal
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
11 Australia Lithium Market by Application
11.1 Consumer Goods
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Grease
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Automotive
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Grid Storage
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Air Treatment
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Pharmaceuticals
11.6.1 Historical Trend (2018-2023)
11.6.2 Forecast Trend (2024-2032)
11.7 Others
12 Australia Lithium Market by End Use
12.1 Consumer Electronics
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Industrial
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Automotive
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Medical
12.4.1 Historical Trend (2018-2023)
12.4.2 Forecast Trend (2024-2032)
12.5 Energy Storage
12.5.1 Historical Trend (2018-2023)
12.5.2 Forecast Trend (2024-2032)
12.6 Others
13 Australia Lithium Market by Region
13.1 New South Wales
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Victoria
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Queensland
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 Australian Capital Territory
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Western Australia
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 MetalsGrove Limited
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 MinRex Resources Limited
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Liontown Resources Limited
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Tianqi Lithium Holding Pty Ltd
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Lithium Metal Australia
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Asia Pacific Lithium Market: Key Industry Highlights, 2018 and 2032
2. Australia Lithium Market: Key Industry Highlights, 2018 and 2032
3. Australia Lithium Market Historical Market: Breakup by Type (USD Million), 2018-2023
4. Australia Lithium Market Forecast: Breakup by Type (USD Million), 2024-2032
5. Australia Lithium Market Historical Market: Breakup by Application (USD Million), 2018-2023
6. Australia Lithium Market Forecast: Breakup by Application (USD Million), 2024-2032
7. Australia Lithium Market Historical Market: Breakup by End Use (USD Million), 2018-2023
8. Australia Lithium Market Forecast: Breakup by End Use (USD Million), 2024-2032
9. Australia Lithium Market Historical Market: Breakup by Region (USD Million), 2018-2023
10. Australia Lithium Market Forecast: Breakup by Region (USD Million), 2024-2032
11. Australia Lithium Market Structure
The lithium market value is expected to grow at a CAGR of 9.10% between 2024 and 2032.
The market is being driven due to Australia's abundant lithium resources, shift towards sustainable energy solutions, the focus on renewable energy sources, the need for energy storage solutions, and favorable mining conditions that position the country as a key player in the global lithium market.
Key trends aiding the market expansion include the increasing demand for lithium in various industries such as electric vehicles and energy storage systems, advancements in lithium extraction technologies, and government support for renewable energy initiatives driving the need for lithium batteries.
Regions considered in the market are New South Wales, Victoria, Queensland, Western Australia, and Australian Capital Territory, among others.
Based on application, the market segmentations include consumer goods, grease, automotive, grid storage, air treatment, and pharmaceuticals, among others.
The market can be segmented by type into alloy, compound (including hydroxide, carbonate, chloride), and metal.
Key players in the market are MetalsGrove Limited, MinRex Resources Limited, Liontown Resources Limited, Tianqi Lithium Holding Pty Ltd, and Lithium Metal Australia, among others.
Mini Report
Single User License
Five User License
Corporate License
Any Question? Speak With An Analyst
View A Sample
Did You Miss Anything, Ask Now
Right People
We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.
Right Methodology
We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.
Right Price
We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.
Right Support
Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.