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Global Lithium Compound Market: By Type: Lithium Carbonate, Lithium Hydroxide, Lithium Concentrate, Lithium Metal, Lithium Chloride, Butyllithium, Others; By End Use: Batteries , Glass and Glass Ceramics, Automotive Parts, Greases, Metallurgy, Polymer, Air Treatment; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Lithium Compound Market Outlook
The global lithium compound market size reached a volume of 299,640 tons in the year 2020. The market is further expected to grow at a CAGR of 7.5% between 2021 and 2026 to reach a volume of 462,435 tons by 2026.
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The global lithium compound market is driven by the increasing use of lithium-ion batteries in portable electronic devices. The Asia Pacific region is the leading regional market for lithium compound, accounting for the majority of the market share.
Market Segmentation
Lithium is referred to as a soft, silvery-white alkali metal, which occurs in compounds like petalite and spodumene. Lithium compounds are available in small amounts in mostly all igneous rocks and the water of several mineral springs. It is used in extensive applications varying from the production of plastics and synthetic rubber to textile dyes.
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The market is divided on the basis of type into:
- Lithium Carbonate
- Lithium Hydroxide
- Lithium Concentrate
- Lithium Metal
- Lithium Chloride
- Butyllithium
- Others
Lithium carbonate is the most popular type of the compound on account of the huge demand for the product as it is used in the production of ceramics and glasses, battery cathodes, and solid-state carbon dioxide detectors.
On the basis of end use, the industry is segmented into:
- Batteries
- Glass and Glass Ceramics
- Automotive Parts
- Greases
- Metallurgy
- Polymer
- Air Treatment
- Others
Out of these, the report finds that batteries exhibit the largest end-use segment for the product since lithium batteries can store a significant amount of power.
The report also covers the regional markets of the product like North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Market Analysis
The global lithium compound market is driven by the renovation of buildings, new housing projects, and investments in infrastructure developments. Lithium compound is used in the production of ceramics, enamels, glass, and lubricants for high-temperature applications, and these products further aid the construction industry, which, as a result, are propelling the market growth of the product. The market is further aided by the continuous growth in the segments, such as rechargeable batteries, armour plating, cooling systems for nuclear reactors, bicycle frames, aircraft, specialty glasses, and others. In addition to this, the increasing use of lithium-ion batteries in portable electronic devices, such as smartphones, cameras, watches, electric vehicles, and pacemakers, is further spurring the growth of the market.
Competitive Landscape
The report gives a detailed analysis of the following key players in the global lithium compound market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Albemarle Corporation
- SQM SA
- FMC Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, End Use, Region |
| Breakup by Type | Lithium Carbonate, Lithium Hydroxide, Lithium Concentrate, Lithium Metal, Lithium Chloride, Butyllithium, Others |
| Breakup by End Use | Batteries, Glass and Glass Ceramics, Automotive Parts, Greases, Metallurgy, Polymer, Air Treatment, Others |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Price Analysis | Historical and Forecast Price Trends- Regional |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Albemarle Corporation, SQM S.A., FMC Corporation, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*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 Snapshot
6.1 Global
6.2 Regional
7 Industry Opportunities and Challenges
8 Global Lithium Compound Market Analysis
8.1 Key Industry Highlights
8.2 Global Lithium Compound Historical Market (2018-2022)
8.3 Global Lithium Compound Market Forecast (2023-2028)
8.4 Global Lithium Compound Market by Type
8.4.1 Lithium Carbonate
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Lithium Hydroxide
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Lithium Concentrate
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Lithium Metal
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2022)
8.4.4.3 Forecast Trend (2023-2028)
8.4.5 Lithium Chloride
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2022)
8.4.5.3 Forecast Trend (2023-2028)
8.4.6 Butyllithium
8.4.6.1 Market Share
8.4.6.2 Historical Trend (2018-2022)
8.4.6.3 Forecast Trend (2023-2028)
8.4.7 Others
8.5 Global Lithium Compound Market by End Use
8.5.1 Batteries
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Glass and Glass Ceramics
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Automotive Parts
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Greases
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Metallurgy
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Polymer
8.5.6.1 Market Share
8.5.6.2 Historical Trend (2018-2022)
8.5.6.3 Forecast Trend (2023-2028)
8.5.7 Air Treatment
8.5.7.1 Market Share
8.5.7.2 Historical Trend (2018-2022)
8.5.7.3 Forecast Trend (2023-2028)
8.5.8 Others
8.6 Global Lithium Compound Market by Region
8.6.1 Market Share
8.6.1.1 North America
8.6.1.2 Europe
8.6.1.3 Asia Pacific
8.6.1.4 Latin America
8.6.1.5 Middle East and Africa
9 Regional Analysis
9.1 North America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.1.3 Breakup by Country
9.1.3.1 United States of America
9.1.3.2 Canada
9.2 Europe
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
9.2.3 Breakup by Country
9.2.3.1 United Kingdom
9.2.3.2 Germany
9.2.3.3 France
9.2.3.4 Italy
9.2.3.5 Others
9.3 Asia Pacific
9.3.1 Historical Trend (2018-2022)
9.3.2 Forecast Trend (2023-2028)
9.3.3 Breakup by Country
9.3.3.1 China
9.3.3.2 Japan
9.3.3.3 India
9.3.3.4 ASEAN
9.3.3.5 Australia
9.3.3.6 Others
9.4 Latin America
9.4.1 Historical Trend (2018-2022)
9.4.2 Forecast Trend (2023-2028)
9.4.3 Breakup by Country
9.4.3.1 Brazil
9.4.3.2 Argentina
9.4.3.3 Mexico
9.4.3.4 Others
9.5 Middle East and Africa
9.5.1 Historical Trend (2018-2022)
9.5.2 Forecast Trend (2023-2028)
9.5.3 Breakup by Country
9.5.3.1 Saudi Arabia
9.5.3.2 United Arab Emirates
9.5.3.3 Nigeria
9.5.3.4 South Africa
9.5.3.5 Others
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Power
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Price Analysis
12.1 North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.2 Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.3 Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.4 Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
12.5 Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
13 Manufacturing Process
13.1 Overview
13.2 Detailed Process Flow
13.3 Operations Involved
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Company Profiles
14.3.1 Albemarle Corporation
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.1.3 Demographic Reach and Achievements
14.3.1.4 Certifications
14.3.2 SQM S.A.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 Demographic Reach and Achievements
14.3.2.4 Certifications
14.3.3 FMC Corporation
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.3.3 Demographic Reach and Achievements
14.3.3.4 Certifications
14.3.4 Others
15 Industry Events and Developments
List of Key Figures and Tables
1. Global Lithium Compound Market: Key Industry Highlights, 2018 and 2028
2. Global Lithium Compound Historical Market: Breakup by Type (Tons), 2018-2022
3. Global Lithium Compound Market Forecast: Breakup by Type (Tons), 2023-2028
4. Global Lithium Compound Historical Market: Breakup by End Use (Tons), 2018-2022
5. Global Lithium Compound Market Forecast: Breakup by End Use (Tons), 2023-2028
6. Global Lithium Compound Historical Market: Breakup by Region (Tons), 2018-2022
7. Global Lithium Compound Market Forecast: Breakup by Region (Tons), 2023-2028
8. North America Lithium Compound Historical Market: Breakup by Country (Tons), 2018-2022
9. North America Lithium Compound Market Forecast: Breakup by Country (Tons), 2023-2028
10. Europe Lithium Compound Historical Market: Breakup by Country (Tons), 2018-2022
11. Europe Lithium Compound Market Forecast: Breakup by Country (Tons), 2023-2028
12. Asia Pacific Lithium Compound Historical Market: Breakup by Country (Tons), 2018-2022
13. Asia Pacific Lithium Compound Market Forecast: Breakup by Country (Tons), 2023-2028
14. Latin America Lithium Compound Historical Market: Breakup by Country (Tons), 2018-2022
15. Latin America Lithium Compound Market Forecast: Breakup by Country (Tons), 2023-2028
16. Middle East and Africa Lithium Compound Historical Market: Breakup by Country (Tons), 2018-2022
17. Middle East and Africa Lithium Compound Market Forecast: Breakup by Country (Tons), 2023-2028
18. North America Historical Price Trends (2018-2022) and Forecast (2023-2028)
19. Europe Historical Price Trends (2018-2022) and Forecast (2023-2028)
20. Asia Pacific Historical Price Trends (2018-2022) and Forecast (2023-2028)
21. Latin America Historical Price Trends (2018-2022) and Forecast (2023-2028)
22. Middle East and Africa Historical Price Trends (2018-2022) and Forecast (2023-2028)
23. Global Lithium Compound Market Structure
Key Questions Answered in the Report
In 2020, the global lithium compound market attained a volume of nearly 299,640 tons.
The market is projected to grow at a CAGR of 7.5% between 2021 and 2026.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach about 462,435 tons by 2026.
The major drivers of the industry, such as the rising demand from the developing regions, increased utilisation of lithium-ion batteries in portable electronic devices, growing construction industry, and the increasing demand for electric vehicles, are expected to aid the market growth.
The key market trends guiding the growth of the lithium compound market include the growing technological advancements and increased investment in R&D activities by the key players.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific, with the Asia Pacific accounting for the largest market share.
Lithium carbonate is the leading lithium compound type in the industry.
The end-use segment in the industry is led by batteries.
The major players in the industry are Albemarle Corporation, SQM SA, and FMC Corporation, among others.
Analyst Review
The global lithium compound market attained a volume of 299,640 tons in 2020, driven by increased product demand from developing regions and the growing preference for lithium-ion batteries in portable electronic devices. Aided by technological advancements, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 7.5%. The industry is projected to reach 462,435 tons by 2026.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on its types, the lithium carbonate segment dominates the overall industry. On the basis of end-uses, the industry is divided into batteries, glass and glass ceramics, automotive parts, greases, metallurgy, polymer, and air treatment, among others, where the batteries segment accounts for the leading share in the industry. The major regional markets for the product are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa, with the Asia Pacific accounting for the largest share of the industry. The key players in the above industry include Albemarle Corporation, SQM SA, and FMC Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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