Lithium Metal Market by Source(Salt Lake brine, Lithium Ores), Application(Lithium-ion anode material, Alloy, Intermediate), End-Use Industry(Batteries, Metal Processing, Pharmaceuticals), & Region(APAC, North America, Europe, RoW)-Global Forecast to 2028

Abstract
The lithium metal market is projected to grow from USD 1.7 billion in 2023 to USD 4.3 billion by 2028, at a CAGR of 20.4% from 2023 to 2028. Lithium metal is widely used in primary batteries. The exploration and development of new lithium resources are helping to meet the growing demand for lithium metal. New mining projects and improved extraction technologies are reducing supply constraints which are supporting the market growth for lithium metal.

"By source, the salt lake brine segment is estimated to be the largest segment of the lithium metal market from 2023 to 2028."

Based on the source, the salt lake brine is estimated to be the largest segment during the forecast period. Lithium is commonly extracted from brine deposits found in salt flats or salt lakes, known as lithium brine deposits. These brines typically contain high concentrations of lithium ions, which can be economically extracted and processed to obtain lithium metal. Hence, these factors are propelling the market growth for salt lake brine segment.

"By application, the lithium-ion anode material is estimated to be the largest segment of the lithium metal market from 2023 to 2028."

Based on application, the lithium-ion anode material is estimated to account for the largest share during the forecast period. In lithium-metal batteries, lithium metal is used as the anode, while a cathode material (typically a transition metal oxide) and an electrolyte complete the cell. The use of lithium metal as an anode material can increase the energy density of a battery since lithium metal has a higher capacity as compared to lithium-ion batteries.

"The lithium metal market in the Asia Pacific region is projected to witness the highest CAGR during the forecast period."

Asia Pacific region is projected to register the highest CAGR in the lithium metal market from 2023 to 2028. Asia Pacific is one of the key markets for lithium metal. The Asia Pacific region is rich in lithium resources, including lithium brine deposits and hard rock lithium mines. Countries like Australia and China have significant lithium reserves and production capacities. This availability of local lithium resources gives the region a competitive advantage in lithium metal production, reducing import dependence and supporting market growth.

Profile break-up of primary participants for the report:
•By Company Type: Tier 1 – 40%, Tier 2 – 20%, and Tier 3 – 40%
•By Designation: C-level Executives – 20%, Directors – 50%, and Others – 30%
•By Region: Asia Pacific – 40%, North America – 20%, Europe –10%, and Rest of the World-30%

The lithium metal report is dominated by players such as Ganfeng Lithium Co., Ltd. (China), Tianqui Lithium Industries Inc. (China), Shenzhen Chengxin Lithium Group Co., Ltd. (China), Albemarle Corporation (US), Livent Corporation (US), Shanghai China Lithium Industrial Co., Ltd. (China), China Energy Lithium Co., Ltd. (China), CNNC Jianzhong Nuclear Fuel Co., Ltd. (China) and others.

Research Coverage:
The report defines, segments, and projects the size of the lithium metal market based on source, application, and region. It strategically profiles the key players and comprehensively analyzes their market share and core competencies. It also tracks and analyzes competitive developments, such as
expansions, agreements, and acquisitions undertaken by them in the market.

Reasons to Buy the Report:
The report is expected to help the market leaders/new entrants by providing them with the closest approximations of revenue numbers of the lithium metal market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the market's competitive landscape, gain insights to improve the position of their businesses, and make suitable go-to-market strategies. It also enables stakeholders to understand the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers:
• Analysis of key drivers (growing demand for lithium metal in lithium batteries, increasing government initiatives to enhance lithium metal), restraints (concentration of lithium deposits in few countries can create supply chain issues, availability of alternate materials and technology that can replace lithium metal), opportunities (adoption of lithium metal in the pharmaceutical industry, high adoption of lithium metal in aerospace and defense industries), and challenges (production challenges in lithium metal, environmental concerns related to lithium metal production) influencing the growth of the lithium metal market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities in the lithium metal market.
• Market Development: Comprehensive information about lucrative markets – the report analyses
the lithium metal market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped
geographies, recent developments, and investments in the lithium metal market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service
offerings of leading players like Ganfeng Lithium Co., Ltd. (China), Tianqui Lithium Industries Inc. (China), Shenzhen Chengxin Lithium Group Co., Ltd. (China), Albemarle Corporation (US), Livent Corporation (US), among others in the lithium metal market.

Content
Table of Contents

1INTRODUCTION20
1.1STUDY OBJECTIVES20
1.2MARKET DEFINITION20
1.2.1INCLUSIONS AND EXCLUSIONS20
TABLE 1LITHIUM METAL MARKET: INCLUSIONS AND EXCLUSIONS20
1.3STUDY SCOPE21
FIGURE 1LITHIUM METAL MARKET SEGMENTATION21
1.3.1REGIONAL SCOPE21
1.3.2YEARS CONSIDERED22
1.4CURRENCY CONSIDERED22
1.5UNITS CONSIDERED22
1.6LIMITATIONS22
1.7STAKEHOLDERS23
2RESEARCH METHODOLOGY24
2.1RESEARCH DATA24
FIGURE 2LITHIUM METAL MARKET: RESEARCH DESIGN24
2.1.1SECONDARY DATA25
2.1.1.1Key data from secondary sources25
2.1.2PRIMARY DATA26
2.1.2.1Key data from primary sources26
2.1.2.2Key primary participants26
2.1.2.3Breakdown of primary interviews27
2.1.2.4Key industry insights27
2.2MARKET SIZE ESTIMATION28
2.2.1BOTTOM-UP APPROACH28
FIGURE 3MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH28
2.2.2TOP-DOWN APPROACH28
FIGURE 4MARKET SIZE ESTIMATION: TOP-DOWN APPROACH28
2.3DEMAND-SIDE ASSESSMENT29
FIGURE 5MAIN MATRIX CONSIDERED FOR ASSESSING DEMAND FOR LITHIUM METAL29
2.4SUPPLY-SIDE ASSESSMENT29
FIGURE 6METHODOLOGY FOR SUPPLY-SIDE SIZING OF LITHIUM METAL MARKET (APPROACH 1)29
FIGURE 7METHODOLOGY FOR SUPPLY-SIDE SIZING OF LITHIUM METAL MARKET (APPROACH 2)30
2.4.1CALCULATIONS BASED ON SUPPLY-SIDE ANALYSIS30
2.4.2GROWTH FORECAST30
 
2.5MARKET BREAKDOWN AND DATA TRIANGULATION31
FIGURE 8LITHIUM METAL MARKET: DATA TRIANGULATION31
2.6RECESSION IMPACT32
2.7ASSUMPTIONS32
2.7.1LIMITATIONS32
2.7.2RISK ASSESSMENT33
3EXECUTIVE SUMMARY34
TABLE 2LITHIUM METAL MARKET SNAPSHOT: 2023 VS. 202834
FIGURE 9LITHIUM-ION ANODE TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD35
FIGURE 10SALT LAKE BRINE TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD35
FIGURE 11ASIA PACIFIC LED GLOBAL LITHIUM METAL MARKET IN 202236
4PREMIUM INSIGHTS37
4.1ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN LITHIUM METAL MARKET37
FIGURE 12INCREASED DEMAND FOR LITHIUM METAL BATTERIES IN ELECTRICAL DEVICES37
4.2LITHIUM METAL MARKET, BY REGION37
FIGURE 13ASIA PACIFIC TO DOMINATE MARKET DURING FORECAST PERIOD37
4.3LITHIUM METAL MARKET, BY APPLICATION38
FIGURE 14LITHIUM-ION ANODE MATERIAL TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD38
4.4LITHIUM METAL MARKET, BY SOURCE38
FIGURE 15SALT LAKE BRINE TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD38
4.5ASIA PACIFIC: LITHIUM METAL MARKET, BY APPLICATION AND COUNTRY39
FIGURE 16CHINA AND LITHIUM-ION ANODE DOMINATED MARKET IN 202239
4.6LITHIUM METAL MARKET, BY KEY COUNTRY39
FIGURE 17POLAND AND GERMANY TO RECORD FASTEST GROWTH DURING FORECAST PERIOD39
5MARKET OVERVIEW40
5.1INTRODUCTION40
FIGURE 18DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES40
5.2MARKET DYNAMICS41
5.2.1DRIVERS41
5.2.1.1Growing demand for lithium metal in batteries41
FIGURE 19ENERGY CAPACITY OF BATTERIES CONTAINING GRAPHITE ANODE VS. LITHIUM METAL ANODE (WH/KG)41
5.2.1.2Government initiatives to boost lithium production41
5.2.2RESTRAINTS42
5.2.2.1Concentration of lithium deposits to disrupt supply chain42
5.2.2.2Commercialization of alternate substitutes and technologies42
5.2.3OPPORTUNITIES42
5.2.3.1Application of lithium metal in pharmaceutical intermediates42
5.2.3.2Use of lithium alloys in high-end industries43
5.2.4CHALLENGES43
5.2.4.1Risk of fire or explosion43
5.2.4.2Extraction of raw material to pose environmental threat43
5.3VALUE CHAIN ANALYSIS44
FIGURE 20LITHIUM METAL MARKET: HIGHEST VALUE ADDITION DURING MANUFACTURING PHASE44
5.3.1RAW MATERIAL ACQUISITION44
5.3.2PROCESSING AND REFINING44
5.3.3MANUFACTURING AND PRODUCTION45
5.3.4DISTRIBUTION AND SALES45
5.3.5END-USE INDUSTRIES45
5.3.6RECYCLING45
5.4ECOSYSTEM MAPPING46
FIGURE 21LITHIUM METAL MARKET: ECOSYSTEM MAPPING46
TABLE 3LITHIUM METAL MARKET: ROLE IN ECOSYSTEM46
5.5PORTER’S FIVE FORCES ANALYSIS47
FIGURE 22LITHIUM METAL MARKET: PORTER’S FIVE FORCES ANALYSIS47
TABLE 4IMPACT OF PORTER’S FIVE FORCES ON LITHIUM METAL MARKET48
5.5.1BARGAINING POWER OF SUPPLIERS48
5.5.2THREAT OF NEW ENTRANTS48
5.5.3THREAT OF SUBSTITUTES48
5.5.4BARGAINING POWER OF BUYERS49
5.5.5INTENSITY OF COMPETITIVE RIVALRY49
5.6TARIFF AND REGULATORY LANDSCAPE49
5.6.1REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS49
TABLE 5NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS49
TABLE 6EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS51
TABLE 7ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS52
TABLE 8REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS53
5.6.2MARKET REGULATIONS AND STANDARDS53
TABLE 9REGULATIONS AND STANDARDS FOR LITHIUM METAL AND LITHIUM METAL BATTERIES53
5.7TECHNOLOGY ANALYSIS55
5.8PATENT ANALYSIS55
5.8.1METHODOLOGY55
5.8.2PUBLICATION TRENDS55
FIGURE 23NUMBER OF PATENTS YEAR-WISE (2014–2022)56
5.8.3INSIGHTS56
5.8.4JURISDICTION ANALYSIS56
FIGURE 24CHINA ACCOUNTED FOR HIGHEST PATENT COUNT (2014–2022)56
5.8.5TOP APPLICANTS57
FIGURE 25TOP APPLICANTS WITH HIGHEST NUMBER OF PATENTS57
TABLE 10LITHIUM METAL MARKET: PATENT ANALYSIS57
TABLE 11RECENT PATENTS BY SUMITOMO METAL MINING CO., LTD.59
TABLE 12RECENT PATENTS BY LG CHEM60
TABLE 13RECENT PATENTS BY CENTRAL SOUTH UNIVERSITY60
5.9IMPORT–EXPORT SCENARIO61
TABLE 14IMPORT DATA FOR LITHIUM CARBONATE61
TABLE 15EXPORT DATA FOR LITHIUM CARBONATE61
TABLE 16IMPORT DATA FOR LITHIUM OXIDE AND HYDROXIDE62
TABLE 17EXPORT DATA FOR LITHIUM OXIDE AND HYDROXIDE62
5.10CASE STUDY ANALYSIS62
5.10.1HIGH ENERGY OF 3D LITHIUM METAL ANODE62
5.10.2ENHANCED PERFORMANCE AND SUSTAINABILITY OF LITHIUM-ION BATTERIES BY LIOVIX62
5.11KEY CONFERENCES AND EVENTS, 2023–202463
TABLE 18LITHIUM METAL MARKET: KEY CONFERENCES AND EVENTS (2023–2024)63
5.12KEY STAKEHOLDERS AND BUYING CRITERIA64
5.12.1KEY STAKEHOLDERS IN BUYING PROCESS64
FIGURE 26INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS64
TABLE 19IMPACT ON BUYING PROCESS FOR TOP THREE END USERS (%)65
FIGURE 27KEY BUYING CRITERIA FOR TOP THREE END USERS65
TABLE 20BUYING CRITERIA FOR TOP THREE END USERS65
5.13PRICING ANALYSIS66
5.13.1AVERAGE SELLING PRICE, BY REGION66
FIGURE 28AVERAGE SELLING PRICE FOR LITHIUM METAL, BY REGION66
6LITHIUM METAL MARKET, BY END-USE INDUSTRY67
6.1INTRODUCTION67
6.2BATTERIES67
6.2.1APPLICATION IN REMOTE SENSING DEVICES67
6.3METAL PROCESSING67
6.3.1DEMAND FOR LITHIUM METAL IN AEROSPACE SECTOR67
6.4PHARMACEUTICAL68
6.4.1USED AS INTERMEDIATE IN ORGANOLITHIUM COMPOUNDS68
6.5OTHER END-USE INDUSTRIES68
 
7LITHIUM METAL MARKET, BY SOURCE69
7.1INTRODUCTION70
FIGURE 29SALT LAKE BRINE TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD70
TABLE 21LITHIUM METAL MARKET, BY SOURCE, 2019–2022 (TONS)70
TABLE 22LITHIUM METAL MARKET, BY SOURCE, 2023–2028 (TONS)71
TABLE 23LITHIUM METAL MARKET, BY SOURCE, 2019–2022 (USD MILLION)71
TABLE 24LITHIUM METAL MARKET, BY SOURCE, 2023–2028 (USD MILLION)71
7.2SALT LAKE BRINE71
7.2.1COST-EFFECTIVE AND ECO-FRIENDLY71
TABLE 25SALT LAKE BRINE: LITHIUM METAL MARKET, BY REGION, 2019–2022 (TONS)71
TABLE 26SALT LAKE BRINE: LITHIUM METAL MARKET, BY REGION, 2023–2028 (TONS)72
TABLE 27SALT LAKE BRINE: LITHIUM METAL MARKET, BY REGION, 2019–2022 (USD MILLION)72
TABLE 28SALT LAKE BRINE: LITHIUM METAL MARKET, BY REGION, 2023–2028 (USD MILLION)72
7.3LITHIUM ORE72
7.3.1HIGH REACTIVITY WITH OIL AND WATER72
TABLE 29LITHIUM ORE: LITHIUM METAL MARKET, BY REGION, 2019–2022 (TONS)73
TABLE 30LITHIUM ORE: LITHIUM METAL MARKET, BY REGION, 2023–2028 (TONS)73
TABLE 31LITHIUM ORE: LITHIUM METAL MARKET, BY REGION, 2019–2022 (USD MILLION)73
TABLE 32LITHIUM ORE: LITHIUM METAL MARKET, BY REGION, 2023–2028 (USD MILLION)73
8LITHIUM METAL MARKET, BY APPLICATION74
8.1INTRODUCTION75
FIGURE 30LITHIUM-ION ANODE MATERIAL TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD75
TABLE 33LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)75
TABLE 34LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)75
TABLE 35LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)76
TABLE 36LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)76
8.2LITHIUM-ION ANODE MATERIAL76
8.2.1USED IN SOLID-STATE AND LITHIUM-METAL BATTERIES76
TABLE 37LITHIUM-ION ANODE MATERIAL: LITHIUM METAL MARKET, BY REGION, 2019–2022 (TONS)76
TABLE 38LITHIUM-ION ANODE MATERIAL: LITHIUM METAL MARKET, BY REGION, 2023–2028 (TONS)77
TABLE 39LITHIUM-ION ANODE MATERIAL: LITHIUM METAL MARKET, BY REGION, 2019–2022 (USD MILLION)77
TABLE 40LITHIUM-ION ANODE MATERIAL: LITHIUM METAL MARKET, BY REGION, 2023–2028 (USD MILLION)77
8.3ALLOY78
8.3.1USED IN AIRCRAFT AND FUEL TANKS78
TABLE 41ALLOY: LITHIUM METAL MARKET, BY REGION, 2019–2022 (TONS)78
TABLE 42ALLOY: LITHIUM METAL MARKET, BY REGION, 2023–2028 (TONS)78
TABLE 43ALLOY: LITHIUM METAL MARKET, BY REGION, 2019–2022 (USD MILLION)78
TABLE 44ALLOY: LITHIUM METAL MARKET, BY REGION, 2023–2028 (USD MILLION)79
8.4INTERMEDIATE79
8.4.1WIDE APPLICATION IN PHARMACEUTICALS79
TABLE 45INTERMEDIATE: LITHIUM METAL MARKET, BY REGION, 2019–2022 (TONS)79
TABLE 46INTERMEDIATE: LITHIUM METAL MARKET, BY REGION, 2023–2028 (TONS)79
TABLE 47INTERMEDIATE: LITHIUM METAL MARKET, BY REGION, 2019–2022 (USD MILLION)80
TABLE 48INTERMEDIATE: LITHIUM METAL MARKET, BY REGION, 2023–2028 (USD MILLION)80
8.5OTHER APPLICATIONS80
TABLE 49OTHER APPLICATIONS: LITHIUM METAL MARKET, BY REGION, 2019–2022 (TONS)80
TABLE 50OTHER APPLICATIONS: LITHIUM METAL MARKET, BY REGION, 2023–2028 (TONS)81
TABLE 51OTHER APPLICATIONS: LITHIUM METAL MARKET, BY REGION, 2019–2022 (USD MILLION)81
TABLE 52OTHER APPLICATIONS: LITHIUM METAL MARKET, BY REGION, 2023–2028 (USD MILLION)81
9LITHIUM METAL MARKET, BY REGION82
9.1INTRODUCTION83
FIGURE 31ASIA PACIFIC TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD83
TABLE 53LITHIUM METAL MARKET, BY REGION, 2019–2022 (TONS)83
TABLE 54LITHIUM METAL MARKET, BY REGION, 2023–2028 (TONS)84
TABLE 55LITHIUM METAL MARKET, BY REGION, 2019–2022 (USD MILLION)84
TABLE 56LITHIUM METAL MARKET, BY REGION, 2023–2028 (USD MILLION)84
9.2ASIA PACIFIC85
FIGURE 32ASIA PACIFIC: LITHIUM METAL MARKET SNAPSHOT85
9.2.1RECESSION IMPACT ON ASIA PACIFIC86
TABLE 57ASIA PACIFIC: LITHIUM METAL MARKET, BY COUNTRY, 2019–2022 (USD MILLION)86
TABLE 58ASIA PACIFIC: LITHIUM METAL MARKET, BY COUNTRY, 2023–2028 (USD MILLION)86
TABLE 59ASIA PACIFIC: LITHIUM METAL MARKET, BY COUNTRY, 2019–2022 (TONS)86
TABLE 60ASIA PACIFIC: LITHIUM METAL MARKET, BY COUNTRY, 2023–2028 (TONS)87
TABLE 61ASIA PACIFIC: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)87
TABLE 62ASIA PACIFIC: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)87
TABLE 63ASIA PACIFIC: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)87
TABLE 64ASIA PACIFIC: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)88
TABLE 65ASIA PACIFIC: LITHIUM METAL MARKET, BY SOURCE, 2019–2022 (USD MILLION)88
TABLE 66ASIA PACIFIC: LITHIUM METAL MARKET, BY SOURCE, 2023–2028 (USD MILLION)88
TABLE 67ASIA PACIFIC: LITHIUM METAL MARKET, BY SOURCE, 2019–2022 (TONS)88
TABLE 68ASIA PACIFIC: LITHIUM METAL MARKET, BY SOURCE, 2023–2028 (TONS)89
9.2.2CHINA89
9.2.2.1Next-generation batteries to fuel demand for lithium metal89
TABLE 69CHINA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)89
TABLE 70CHINA: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)90
TABLE 71CHINA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)90
TABLE 72CHINA: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)90
9.2.3JAPAN91
9.2.3.1Increased demand for lithium metal batteries to drive market91
TABLE 73JAPAN: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)91
TABLE 74JAPAN: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)91
TABLE 75JAPAN: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)91
TABLE 76JAPAN: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)92
9.2.4AUSTRALIA92
9.2.4.1Economic growth and domestic production of lithium metal to propel market92
TABLE 77AUSTRALIA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)92
TABLE 78AUSTRALIA: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)92
TABLE 79AUSTRALIA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)93
TABLE 80AUSTRALIA: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)93
9.2.5SOUTH KOREA93
9.2.5.1Presence of major electronics companies to drive market93
TABLE 81SOUTH KOREA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)93
TABLE 82SOUTH KOREA: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)94
TABLE 83SOUTH KOREA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)94
TABLE 84SOUTH KOREA: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)94
9.2.6REST OF ASIA PACIFIC95
TABLE 85REST OF ASIA PACIFIC: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)95
TABLE 86REST OF ASIA PACIFIC: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)95
TABLE 87REST OF ASIA PACIFIC: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)95
TABLE 88REST OF ASIA PACIFIC: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)96
9.3NORTH AMERICA96
FIGURE 33NORTH AMERICA: LITHIUM METAL MARKET SNAPSHOT96
TABLE 89NORTH AMERICA: LITHIUM METAL MARKET, BY COUNTRY, 2019–2022 (USD MILLION)97
TABLE 90NORTH AMERICA: LITHIUM METAL MARKET, BY COUNTRY, 2023–2028 (USD MILLION)97
TABLE 91NORTH AMERICA: LITHIUM METAL MARKET, BY COUNTRY, 2019–2022 (TONS)97
TABLE 92NORTH AMERICA: LITHIUM METAL MARKET, BY COUNTRY, 2023–2028 (TONS)97
TABLE 93NORTH AMERICA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)98
TABLE 94NORTH AMERICA: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)98
TABLE 95NORTH AMERICA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)98
TABLE 96NORTH AMERICA: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)98
TABLE 97NORTH AMERICA: LITHIUM METAL MARKET, BY SOURCE, 2019–2022 (USD MILLION)99
TABLE 98NORTH AMERICA: LITHIUM METAL MARKET, BY SOURCE, 2023–2028 (USD MILLION)99
TABLE 99NORTH AMERICA: LITHIUM METAL MARKET, BY SOURCE, 2019–2022 (TONS)99
TABLE 100NORTH AMERICA: LITHIUM METAL MARKET, BY SOURCE, 2023–2028 (TONS)99
9.3.1RECESSION IMPACT ON NORTH AMERICA100
9.3.2US100
9.3.2.1Presence of abundant lithium reserves to drive market100
TABLE 101US: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)100
TABLE 102US: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)100
TABLE 103US: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)101
TABLE 104US: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)101
9.3.3CANADA101
9.3.3.1Growth of electronics sector to propel market101
TABLE 105CANADA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)101
TABLE 106CANADA: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)102
TABLE 107CANADA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)102
TABLE 108CANADA: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)102
9.3.4MEXICO102
9.3.4.1Demand for portable electronic devices to boost market102
TABLE 109MEXICO: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)103
TABLE 110MEXICO: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)103
TABLE 111MEXICO: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)103
TABLE 112MEXICO: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)103
9.4EUROPE104
FIGURE 34EUROPE: LITHIUM METAL MARKET SNAPSHOT104
9.4.1RECESSION IMPACT ON EUROPE105
TABLE 113EUROPE: LITHIUM METAL MARKET, BY COUNTRY, 2019–2022 (USD MILLION)105
TABLE 114EUROPE: LITHIUM METAL MARKET, BY COUNTRY, 2019–2022 (USD MILLION)105
TABLE 115EUROPE: LITHIUM METAL MARKET, BY COUNTRY, 2019–2022 (TONS)105
TABLE 116EUROPE: LITHIUM METAL MARKET, BY COUNTRY, 2023–2028 (TONS)106
TABLE 117EUROPE: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)106
TABLE 118EUROPE: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)106
TABLE 119EUROPE: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)107
TABLE 120EUROPE: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)107
TABLE 121EUROPE: LITHIUM METAL MARKET, BY SOURCE, 2019–2022 (USD MILLION)107
TABLE 122EUROPE: LITHIUM METAL MARKET, BY SOURCE, 2023–2028 (USD MILLION)107
TABLE 123EUROPE: LITHIUM METAL MARKET, BY SOURCE, 2019–2022 (TONS)108
TABLE 124EUROPE: LITHIUM METAL MARKET, BY SOURCE, 2023–2028 (TONS)108
9.4.2HUNGARY108
9.4.2.1Investments in lithium extraction technologies to fuel market108
TABLE 125HUNGARY: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)108
TABLE 126HUNGARY: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)109
TABLE 127HUNGARY: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)109
TABLE 128HUNGARY: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)109
9.4.3UK109
9.4.3.1Growth of consumer electronics industry to drive market109
TABLE 129UK: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)110
TABLE 130UK: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)110
TABLE 131UK: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)110
TABLE 132UK: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)110
9.4.4SWEDEN111
9.4.4.1Emergence of local manufacturers to surge demand for lithium metal111
TABLE 133SWEDEN: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)111
TABLE 134SWEDEN: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)111
TABLE 135SWEDEN: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)111
TABLE 136SWEDEN: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)112
9.4.5GERMANY112
9.4.5.1Investments in lithium battery manufacturing to propel market112
TABLE 137GERMANY: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)112
TABLE 138GERMANY: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)112
TABLE 139GERMANY: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)113
TABLE 140GERMANY: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)113
9.4.6POLAND113
9.4.6.1Industrial collaborations to boost market113
TABLE 141POLAND: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)113
TABLE 142POLAND: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)114
TABLE 143POLAND: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)114
TABLE 144POLAND: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)114
9.4.7REST OF EUROPE115
TABLE 145REST OF EUROPE: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)115
TABLE 146REST OF EUROPE: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)115
TABLE 147REST OF EUROPE: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)115
TABLE 148REST OF EUROPE: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)116
9.5REST OF THE WORLD116
9.5.1RECESSION IMPACT ON REST OF THE WORLD116
TABLE 149REST OF THE WORLD: LITHIUM METAL MARKET, BY COUNTRY, 2019–2022 (USD MILLION)116
TABLE 150REST OF THE WORLD: LITHIUM METAL MARKET, BY COUNTRY, 2023–2028 (USD MILLION)117
TABLE 151REST OF THE WORLD: LITHIUM METAL MARKET, BY COUNTRY, 2019–2022 (TONS)117
TABLE 152REST OF THE WORLD: LITHIUM METAL MARKET, BY COUNTRY, 2023–2028 (TONS)117
TABLE 153REST OF THE WORLD: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)117
TABLE 154REST OF THE WORLD: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)118
TABLE 155REST OF THE WORLD: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)118
TABLE 156REST OF THE WORLD: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)118
TABLE 157REST OF THE WORLD: LITHIUM METAL MARKET, BY SOURCE, 2019–2022 (USD MILLION)119
TABLE 158REST OF THE WORLD: LITHIUM METAL MARKET, BY SOURCE, 2023–2028 (USD MILLION)119
TABLE 159REST OF THE WORLD: LITHIUM METAL MARKET, BY SOURCE, 2019–2022 (TONS)119
TABLE 160REST OF THE WORLD: LITHIUM METAL MARKET, BY SOURCE, 2023–2028 (TONS)119
9.5.2MIDDLE EAST & AFRICA120
9.5.2.1Government initiatives and rising disposable income to drive market120
TABLE 161MIDDLE EAST & AFRICA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)120
TABLE 162MIDDLE EAST & AFRICA: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)120
TABLE 163MIDDLE EAST & AFRICA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)120
TABLE 164MIDDLE EAST & AFRICA: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)121
9.5.3SOUTH AMERICA121
9.5.3.1Large lithium reserves and foreign investments to boost market121
TABLE 165SOUTH AMERICA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)121
TABLE 166SOUTH AMERICA: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)121
TABLE 167SOUTH AMERICA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)122
TABLE 168SOUTH AMERICA: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)122
10COMPETITIVE LANDSCAPE123
10.1INTRODUCTION123
10.2STRATEGIES ADOPTED BY KEY MARKET PLAYERS123
TABLE 169STRATEGIES ADOPTED BY KEY LITHIUM METAL MANUFACTURERS123
10.3MARKET SHARE ANALYSIS125
10.3.1RANKING OF KEY MARKET PLAYERS125
FIGURE 35RANKING OF TOP FIVE PLAYERS IN LITHIUM METAL MARKET, 2022125
10.3.2MARKET SHARE OF KEY PLAYERS125
TABLE 170LITHIUM METAL MARKET: DEGREE OF COMPETITION126
FIGURE 36GANFENG LITHIUM GROUP CO., LTD. LED LITHIUM METAL MARKET IN 2022126
10.3.3REVENUE ANALYSIS OF TOP PLAYERS IN LITHIUM METAL MARKET127
FIGURE 37TOP FIVE PLAYERS—REVENUE ANALYSIS (2017–2021)127
10.4COMPANY FOOTPRINT128
FIGURE 38LITHIUM METAL MARKET: COMPANY OVERALL FOOTPRINT128
TABLE 171LITHIUM METAL MARKET: END-USE INDUSTRY FOOTPRINT129
TABLE 172LITHIUM METAL MARKET: SOURCE FOOTPRINT130
TABLE 173LITHIUM METAL MARKET: REGION FOOTPRINT131
10.5COMPANY EVALUATION QUADRANT, 2022132
10.5.1STARS132
10.5.2EMERGING LEADERS132
10.5.3PERVASIVE PLAYERS132
10.5.4PARTICIPANTS132
FIGURE 39COMPANY EVALUATION QUADRANT FOR LITHIUM METAL MARKET (TIER 1)133
10.6STARTUP/SME EVALUATION QUADRANT, 2022133
10.6.1PROGRESSIVE COMPANIES133
10.6.2DYNAMIC COMPANIES133
10.6.3RESPONSIVE COMPANIES134
10.6.4STARTING BLOCKS134
FIGURE 40STARTUP/SME EVALUATION QUADRANT FOR LITHIUM METAL MARKET134
10.7COMPETITIVE BENCHMARKING135
TABLE 174LITHIUM METAL MARKET: DETAILED LIST OF KEY STARTUPS/SMES135
TABLE 175LITHIUM METAL MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES136
10.8COMPETITIVE SCENARIO137
TABLE 176LITHIUM METAL MARKET: DEALS, 2018–2022137
TABLE 177LITHIUM METAL MARKET: OTHER DEVELOPMENTS, 2018–2022138
11COMPANY PROFILES139
(Business overview, Products offered, Recent developments & MnM View)*
11.1KEY PLAYERS139
11.1.1ALBEMARLE CORPORATION139
TABLE 178ALBEMARLE CORPORATION: COMPANY OVERVIEW139
FIGURE 41ALBEMARLE CORPORATION: COMPANY SNAPSHOT140
11.1.2LIVENT143
TABLE 179LIVENT: COMPANY OVERVIEW143
FIGURE 42LIVENT: COMPANY SNAPSHOT143
11.1.3TIANQI LITHIUM CO., LTD.146
TABLE 180TIANQI LITHIUM CO., LTD.: COMPANY OVERVIEW146
FIGURE 43TIANQI LITHIUM CO., LTD.: COMPANY SNAPSHOT146
11.1.4GANFENG LITHIUM GROUP CO., LTD.148
TABLE 181GANFENG LITHIUM GROUP CO., LTD.: COMPANY OVERVIEW148
FIGURE 44GANFENG LITHIUM GROUP CO., LTD.: COMPANY SNAPSHOT148
11.1.5SHENZHEN CHENGXIN LITHIUM GROUP CO., LTD.151
TABLE 182SHENZHEN CHENGXIN LITHIUM GROUP CO., LTD.: COMPANY OVERVIEW151
FIGURE 45SHENZHEN CHENGXIN LITHIUM GROUP CO., LTD.: COMPANY SNAPSHOT151
11.1.6CHINA LITHIUM PRODUCTS TECHNOLOGY CO., LTD.153
TABLE 183CHINA LITHIUM PRODUCTS TECHNOLOGY CO., LTD.: COMPANY OVERVIEW153
11.2OTHER PLAYERS154
11.2.1SHANGHAI CHINA LITHIUM INDUSTRIAL CO., LTD.154
TABLE 184SHANGHAI CHINA LITHIUM INDUSTRIAL CO., LTD.: COMPANY OVERVIEW154
11.2.2CHINA ENERGY LITHIUM CO., LTD.155
TABLE 185CHINA ENERGY LITHIUM CO., LTD.: COMPANY OVERVIEW155
11.2.3CNNC JIANZHONG NUCLEAR FUEL CO., LTD.156
TABLE 186CNNC JIANZHONG NUCLEAR FUEL CO., LTD.: COMPANY OVERVIEW156
11.2.4SHANDONG RUIFU LITHIUM INDUSTRY CO., LTD.157
TABLE 187SHANDONG RUIFU LITHIUM INDUSTRY CO., LTD.: COMPANY OVERVIEW157
11.2.5OTTO CHEMIE PVT. LTD.158
TABLE 188OTTO CHEMIE PVT. LTD.: COMPANY OVERVIEW158
11.2.6CMP159
TABLE 189CMP: COMPANY OVERVIEW159
11.2.7LI-METAL CORP.160
TABLE 190LI-METAL CORP: COMPANY OVERVIEW160
11.2.8PURE LITHIUM161
TABLE 191PURE LITHIUM: COMPANY OVERVIEW161
11.2.9AMERICAN ELEMENTS162
TABLE 192AMERICAN ELEMENTS: COMPANY OVERVIEW162
11.2.10OXFORD LAB FINE CHEM LLP163
TABLE 193OXFORD LAB FINE CHEM LLP: COMPANY OVERVIEW163
11.2.11THE HONJO CHEMICAL CORPORATION164
TABLE 194THE HONJO CHEMICAL CORPORATION: COMPANY OVERVIEW164
11.2.12ALPHA-EN CORPORATION165
TABLE 195ALPHA-EN CORPORATION: COMPANY OVERVIEW165
11.2.13SPECTRUM CHEMICAL166
TABLE 196SPECTRUM CHEMICAL: COMPANY OVERVIEW166
*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.
12ADJACENT AND RELATED MARKETS167
12.1INTRODUCTION167
12.2LIMITATIONS167
12.3CYCLOPENTANE INTERCONNECTED MARKETS167
12.3.1LITHIUM COMPOUNDS MARKET167
12.3.1.1Market definition167
12.3.1.2Market overview167
12.3.1.3Lithium compounds market, by end-use industry168
12.3.1.3.1Lithium-ion batteries168
12.3.1.3.2Glass & ceramics168
12.3.1.3.3Medical169
12.3.1.3.4Lubricants169
12.3.1.3.5Metallurgy169
12.3.1.3.6Polymers170
12.3.1.3.7Others170
TABLE 197LITHIUM COMPOUNDS MARKET, BY END-USE INDUSTRY, 2018–2025 (KT)170
TABLE 198LITHIUM COMPOUNDS MARKET, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)171
12.3.2LITHIUM-ION BATTERY MARKET171
12.3.2.1Market definition171
12.3.2.2Market overview171
12.3.2.3Lithium-ion battery market, by capacity172
12.3.2.3.10–3,000 mAh172
12.3.2.3.23,000–10,000 mAh172
12.3.2.3.310,000–60,000 mAh172
12.3.2.3.460,000 mAh and above173
TABLE 199LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2018–2021 (USD MILLION)173
TABLE 200LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2022–2031 (USD MILLION)174
13APPENDIX175
13.1DISCUSSION GUIDE175
13.2KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL177
13.3CUSTOMIZATION OPTIONS179
13.4RELATED REPORTS179
13.5AUTHOR DETAILS180