The Lithium Carbonate Market report segments the industry into Grade (Technical Grade, Battery Grade, Industrial Grade), Application (Li-ion Battery, Pharmaceuticals and Dental, Glass and Ceramics, Aluminum Production, Cement Industry, Other Applications), and Geography (Asia-Pacific, North America, Europe, South America, Middle East and Africa). Get five years of historical data alongside five-year market forecasts.

The Salt Lake Battery Grade Lithium Carbonate Market size was valued at USD 3.6 USD Billion in 2023 and is projected to reach USD 10.68 USD Billion by 2032, exhibiting a CAGR of 16.8 % during the forecast period. Salt Lake Battery Grade Lithium Carbonate is a high-purity lithium carbonate derived from brine sources in salt lakes, specifically designed for battery production. It is characterized by its exceptional purity and consistency, crucial for efficient lithium-ion battery performance. Types include standard battery-grade lithium carbonate and high-purity variants for advanced applications. Key features involve low impurity levels and high chemical stability, ensuring optimal battery life and performance. Applications span various sectors, including electric vehicles, consumer electronics, and renewable energy storage, where it serves as a critical component for lithium-ion batteries, enhancing energy density and longevity. This product supports the growing demand for sustainable energy solutions and advanced technology development. Key drivers for this market are: Increasing on-road vehicle fleet to Fuel Demand for tinting films. Potential restraints include: Fluctuations in Prices of Crude Oil May Hamper Growth.

Lithium fell to 59,900 CNY/T on June 24, 2025, down 0.08% from the previous day. Over the past month, Lithium's price has fallen 4.16%, and is down 34.54% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Lithium - values, historical data, forecasts and news - updated on June of 2025.

The size of the Lithium Carbonate Market market was valued at USD 5,281 Million in 2023 and is projected to reach USD 7,025 Million by 2032, with an expected CAGR of 3.9% during the forecast period. Lithium carbonate market is witnessing high growth rate owing to its crucial position in battery production and constant path towards transition into sustainable energy solutions. The rise in electric vehicle usage is a major driver of lithium carbonate demand, as these vehicles rely on high-performance lithium-ion batteries, which rely significantly on lithium carbonate for effective energy storage. Innovations in battery technology and the development of next-generation batteries are expanding lithium carbonate's applications and increasing its market potential. Furthermore, the increased use of renewable energy sources, such as solar and wind power, raises the need for effective energy storage solutions, driving up demand. However, the market's growth may be hampered by the environmental impact of lithium extraction and processing, severe government regulations, and variations in lithium carbonate pricing caused by supply-demand imbalances. Recent developments include: January 2024: Allkem and Livent completed an all-stock merger to form Arcadium Lithium. This merger is a strategic move to incorporate the existing resources and expand the production and supplier scale. Arcadium focuses on highly complementary assets and a vertically integrated business model focused on enhancing operational flexibility and predictability while lowering costs., October 2023: General Motors Holdings LLC (GM) executed a second tranche subscription agreement to which GM will purchase Lithium Americas (NewCo) shares of USD 329.85 million. Through this agreement, GM has 100% exclusive rights to Thacker Pass Phase 1 production for ten years, which produces lithium chemicals, including lithium carbonate., May 2023: SQM SA and Ford Motor Company announced a long-term strategic agreement to supply high-quality battery-grade lithium carbonate, which is an essential component for the manufacturing of high-performance electric vehicle batteries.. Key drivers for this market are: Growing Demand From Lithium-ion Batteries, Increasing Investments in the Glass and Ceramics Industry. Potential restraints include: Constraints in Lithium Extraction and Geographical Restriction of Lithium Mines. Notable trends are: Li-Ion Battery Applications Expected to Drive Growth.

The Lithium Battery Grade Lithium Carbonate Market size was valued at USD 5.98 USD Billion in 2023 and is projected to reach USD 13.90 USD Billion by 2032, exhibiting a CAGR of 12.8 % during the forecast period. Lithium Battery Grade Lithium Carbonate is a highly pure lithium material that is required for lithium-ion batteries. This is subdivided into industrial and high-purity grades; the latter is more desirable for battery use due to higher purity and therefore lower inter solutes. It is characterized by good electrochemical activity, chemical stability, and maximum energy density, making it suitable for the creation of rechargeable batteries. Some of the areas where it is mainly used are in electric vehicles, portable electronics, and energy storage systems. The quality of lithium carbonate and the lithium material on which it is based directly affects the performance, including effectiveness and longevity, of batteries and thus the lithium-ion batteries in such applications. Key drivers for this market are: Increasing on-road vehicle fleet to Fuel Demand for tinting films. Potential restraints include: Fluctuations in Prices of Crude Oil May Hamper Growth.

Explore the growth potential of Market Research Intellect's Lithium Carbonate Market Report, valued at USD 5.2 billion in 2024, with a forecasted market size of USD 15.4 billion by 2033, growing at a CAGR of 13.5% from 2026 to 2033.

The global Lithium Carbonate market stood at approximately 500 thousand tonnes in 2023 and is anticipated to grow at a CAGR of 13.14% during the forecast period until 2034.

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Lithium Carbonate Market Size 2025-2029

The lithium carbonate market size is forecast to increase by USD 4.98 billion, at a CAGR of 14.1% between 2024 and 2029.

The market is experiencing significant growth, driven primarily by the increasing demand for lithium-ion batteries in electric vehicle (EV) manufacturing and recycling initiatives. The global shift towards sustainable transportation solutions is fueling the demand for lithium carbonate, a key component in the production of lithium-ion batteries. However, the market faces a notable challenge: the shortage of EV charging stations. Despite the growing demand, the limited availability of charging infrastructure poses a significant obstacle to the widespread adoption of electric vehicles. This challenge is further compounded by the fact that the production and recycling of lithium-ion batteries require a substantial amount of energy, which in turn necessitates a reliable and efficient charging infrastructure. Companies seeking to capitalize on the opportunities presented by the market must address this challenge by investing in the development and expansion of EV charging networks. Additionally, exploring alternative methods of battery production and recycling, such as those with lower energy requirements, could help mitigate this challenge and ensure a steady supply of lithium carbonate.

What will be the Size of the Lithium Carbonate Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
Request Free SampleThe market continues to evolve as the demand for advanced energy storage solutions surges across various sectors. Lithium carbonate, a key component in the production of lithium-ion batteries, plays a crucial role in powering electric vehicles (EVs), renewable energy systems, and consumer electronics. Battery analytics and diagnostics are increasingly important as industry standards for fast charging and battery efficiency continue to rise. Lithium hydroxide, another lithium compound, is gaining attention for its potential use in next-generation batteries, such as lithium-sulfur and solid-state batteries. Environmental concerns and the need for sustainable mining practices are shaping the lithium industry. Lithium reserves are being explored and developed to meet the growing demand, while lithium-ion battery recycling is gaining traction as a solution for reducing the carbon footprint and minimizing the risk of battery fires. Battery technology advancements, including improvements in battery performance, battery safety, and battery capacity, are driving innovation in the energy storage sector. Lithium-ion battery testing and monitoring are essential to ensure battery life and reliability. Government regulations and ethical sourcing are becoming increasingly important in the lithium industry. Renewable energy sources, such as wind and solar, are driving demand for energy storage systems, further fueling the need for lithium carbonate. The battery supply chain is undergoing significant changes as new players enter the market and existing players expand their operations. Battery management systems and battery charging technologies, including wireless charging, are also advancing to meet the evolving needs of the industry. Power tools and consumer electronics are just a few of the many applications for lithium-ion batteries. The ongoing unfolding of market activities and evolving patterns in the market reflect the continuous dynamism and innovation in the battery industry.

How is this Lithium Carbonate Industry segmented?

The lithium carbonate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments. ApplicationBatteriesCeramics and glassCement and aluminumOthersDistribution ChannelDirect saleIndirect saleGeographyNorth AmericaUSCanadaEuropeFranceGermanyUKAPACChinaIndiaJapanSouth KoreaSouth AmericaBrazilRest of World (ROW).

By Application Insights

The batteries segment is estimated to witness significant growth during the forecast period.Lithium carbonate is a crucial component in the production of cathode materials for lithium-ion batteries, specifically those used in electric vehicles (EVs), energy grid storage, and consumer electronics. The purity level of lithium carbonate determines its grade; EV-grade lithium carbonate contains 99.9% lithium, while standard battery-grade lithium carbonate has a purity of 99.5%. Lithium carbonate's excellent electrochemical inertness makes it ideal for manufacturing the protective layer of cathodes, ensuring battery efficiency and longevity. The lithium industry focuses on sustainable mining practices to meet the increasing demand for lithium carbonate. L

Lithium Carbonate Market size was valued at USD 5 Billion in 2023 and is projected to reach USD 18.15 Billion by 2031, growing at a CAGR of 15% during the forecasted period 2024 to 2031. Global Lithium Carbonate Market Drivers The market drivers for the Lithium Carbonate Market can be influenced by various factors. These may include:

• Growing Demand for Electric Vehicles (EVs): The rise in electric vehicle production is a significant driver, as lithium carbonate is a crucial component in lithium-ion batteries. • Energy Storage Systems: The increasing adoption of renewable energy sources (like solar and wind) and the need for efficient energy storage solutions boost demand for lithium batteries.

Global Lithium Carbonate Market Restraints Several factors can act as restraints or challenges for the Lithium Carbonate Market. These may include:

• Environmental Concerns: The extraction and processing of lithium can lead to significant environmental degradation, including water depletion and soil contamination, which may prompt stricter regulations. • Price Volatility: Fluctuations in lithium prices can create uncertainty for manufacturers and investors, making long-term planning difficult.

Get key insights from Market Research Intellect's Technical Grade Lithium Carbonate Market Report, valued at USD 5.8 billion in 2024, and forecast to grow to USD 12.5 billion by 2033, with a CAGR of 9.2% (2026-2033).

Lithium Carbonate Market is segmented By Grade (Battery Grade (99.5% purity), Enhanced Grade (99.6%-99.9&), and Superior Grade (Above 99.9%)) and Application (Batteries, Ceramics and Glass, Cement and Aluminum, and Others (Pharmaceutical, etc.))

Lithium Carbonate Market Outlook

The global lithium carbonate market size was valued at approximately USD 3.5 billion in 2023 and is projected to reach around USD 10.7 billion by 2032, growing at a robust CAGR of 13.2% during the forecast period. The growth factor fueling this surge is the heightened demand for lithium-ion batteries, which are pivotal for electric vehicles (EVs) and renewable energy storage solutions.

The overarching growth factor driving the lithium carbonate market is the rapid adoption of electric vehicles (EVs) worldwide. Governments and private entities are accelerating their shift towards sustainable energy solutions, with EVs leading this transition. The demand for lithium-ion batteries, which utilize lithium carbonate as a key component, has seen a substantial increase, driven by advancements in battery technology and the need for high-performance, longer-lasting batteries. This surge in EV production and sales has, in turn, created a ripple effect, boosting the demand for lithium carbonate significantly.

Furthermore, the proliferation of renewable energy projects, such as solar and wind farms, has catalyzed the need for efficient energy storage systems. Lithium-ion batteries, with their high energy density and efficiency, are preferred for these applications, which is driving the demand for lithium carbonate. As the world continues to invest in renewable energy infrastructure to reduce carbon emissions and combat climate change, the market for lithium carbonate is poised for substantial growth.

Another growth factor for the lithium carbonate market is its diverse range of applications across various industries. Beyond batteries, lithium carbonate is used extensively in the glass and ceramics industry to enhance product quality and durability. Its application in the pharmaceutical sector, particularly for the treatment of bipolar disorder, adds another layer of demand. Additionally, the air treatment sector utilizes lithium carbonate for carbon dioxide capture and purification processes. This multifaceted utility ensures a steady demand for lithium carbonate across different industrial segments.

Regionally, Asia Pacific stands out as the dominant player in the lithium carbonate market, driven by the presence of major battery manufacturers and the burgeoning EV market in countries like China, Japan, and South Korea. North America and Europe are also significant markets, bolstered by technological advancements and supportive government policies promoting green energy. Latin America and the Middle East & Africa are emerging markets with potential for growth, primarily due to untapped resources and increasing investments in renewable energy projects. The regional dynamics and government initiatives collectively contribute to the positive outlook of the lithium carbonate market.

In the context of the growing lithium carbonate market, Battery-grade Lithium Hydroxide Monohydrate is gaining significant attention due to its superior properties that enhance battery performance. This compound is crucial for the production of high-energy-density batteries, which are essential for the next generation of electric vehicles and renewable energy storage solutions. As the demand for more efficient and longer-lasting batteries increases, the role of battery-grade lithium hydroxide monohydrate becomes even more pivotal. Its high purity and stability make it an ideal choice for manufacturers aiming to produce cutting-edge battery technologies. The ongoing advancements in battery technology, coupled with the push for sustainable energy solutions, are expected to drive the demand for this compound significantly.

Grade Analysis

Battery Grade Analysis

Battery-grade lithium carbonate is the most crucial segment in the lithium carbonate market, primarily due to its application in lithium-ion batteries. The demand for battery-grade lithium carbonate is surging, driven by the exponential growth of the electric vehicle (EV) market. Battery-grade lithium carbonate is highly pure, making it ideal for manufacturing high-performance, long-lasting batteries. Automotive manufacturers are increasingly investing in battery technology, further propelling the demand for this grade. Additionally, energy storage solutions for renewable energy sources are becoming more prevalent, leveraging battery-grade lithium carbonate for ef

In 2022, the average price of battery-grade lithium carbonate stood at 71,000 U.S. dollars per metric ton. This figure is by far the highest price for battery-grade lithium carbonate recorded in the period of consideration. For 2024, lithium carbonate price was estimated at 14,000 U.S. dollars per metric ton. Lithium is a highly reactive soft and silvery-white alkali metal. As the third element in the periodic table, it has 3 protons in its nucleus and three electrons around it. Because it is highly reactive, it cannot be found in its pure form in nature. Lithium is the least dense of solid elements and the lightest out of all metals. Lithium and batteries One of lithium’s most well-known end uses is in lithium-ion batteries. Lithium-ion batteries are rechargeable and mostly used in portable electronics and electronic vehicles. In lithium-ion batteries, the lithium ions move from the negative electrode to positive electrode while in use, and the process is reversed while charging. These batteries are highly flammable but are also low-maintenance. They have a high energy density and a low self-discharge. Some drawbacks include the fact that they are expensive to manufacture, and that they require protection circuits to maintain the voltage safely. Lithium-ion batteries are also the single-largest end use of lithium, amounting to an 87 percent share of global lithium consumption in 2024. Lithium demand forecasts Looking to the future, lithium demand is forecast to stand at 1.4 million tons by 2025. This growth will be mainly driven by lithium-ion battery demand for electric vehicles. Demand is expected to remain the highest in China, which will consistently account for half of global lithium-ion battery demand.

The Lithium Carbonate Market size is expected to reach a valuation of USD 26.14 billion in 2033 growing at a CAGR of 11.50%. The Lithium Carbonate market research report classifies market by share, trend, demand, forecast and based on segmentation.

Check out Market Research Intellect's Lithium Battery Grade Lithium Carbonate Market Report, valued at USD 5.2 billion in 2024, with a projected growth to USD 15.3 billion by 2033 at a CAGR of 16.5% (2026-2033).

The lithium carbonate market is set to grow US$7.39 Bn by 2032 at a 12.8% CAGR, driven by EVs and next-gen batteries powering lithium-ion demand

Technical Grade Lithium Carbonate Market Outlook

The global technical grade lithium carbonate market size was valued at approximately USD 1.2 billion in 2023 and is projected to reach around USD 2.5 billion by 2032, growing at a compound annual growth rate (CAGR) of 7.5% during the forecast period. The expansion of this market is primarily driven by the surging demand for lithium-ion batteries, particularly in electric vehicles (EVs) and energy storage systems, coupled with advancements in battery technology and increasing investments in renewable energy infrastructure.

One of the most significant growth factors for the technical grade lithium carbonate market is the burgeoning electric vehicle industry. As governments worldwide implement stringent regulations to curb carbon emissions and promote the adoption of clean energy, the demand for electric vehicles has surged. This has, in turn, propelled the demand for lithium-ion batteries, where technical grade lithium carbonate is a critical component. The rapid urbanization and increasing consumer preference for sustainable alternatives further underscore the necessity for efficient energy storage solutions, thereby driving market growth.

Another crucial growth driver is the rising need for energy storage systems (ESS). With the global energy landscape shifting towards renewable energy sources such as solar and wind, the requirement for efficient and reliable energy storage solutions has become paramount. These storage systems rely heavily on lithium-ion batteries to store energy generated from renewable sources, ensuring a steady and uninterrupted power supply. Consequently, the escalating need for energy storage to complement renewable energy projects has significantly fueled the demand for technical grade lithium carbonate.

Additionally, the increasing use of lithium carbonate in various industrial applications such as glass and ceramics, pharmaceuticals, and metallurgy contributes to market growth. In the glass and ceramics industry, lithium carbonate is used to improve the strength and durability of products, while in the pharmaceutical sector, it plays a critical role in the treatment of bipolar disorder. The metallurgical industry also utilizes lithium carbonate in the production of high-performance alloys. These diverse applications highlight the versatile nature of technical grade lithium carbonate and underscore its importance across different industry verticals.

In the realm of pharmaceuticals, Lithium Carbonate Tablets and Capsules have gained prominence due to their efficacy in treating mood disorders, particularly bipolar disorder. These formulations are crucial in stabilizing mood swings and enhancing the quality of life for patients. The increasing awareness and diagnosis of mental health conditions have led to a rise in demand for these medications, further driving the growth of the technical grade lithium carbonate market. As research continues to advance, new formulations and delivery methods are being explored, promising even more effective treatments for mood disorders.

The regional outlook for the technical grade lithium carbonate market indicates a significant concentration of market players and demand in the Asia Pacific region. This region is anticipated to maintain its dominance throughout the forecast period due to the presence of major lithium producers and the rapidly expanding electric vehicle market in countries like China and Japan. North America and Europe are also expected to witness substantial growth, driven by increasing investments in renewable energy projects and supportive government policies promoting the adoption of electric vehicles and energy storage systems.

Application Analysis

In terms of application, the batteries segment is poised to dominate the technical grade lithium carbonate market. The surging demand for lithium-ion batteries, primarily driven by the electric vehicle sector and energy storage systems, is the key growth driver for this segment. With the global push towards reducing carbon emissions and adopting cleaner energy sources, the need for efficient and sustainable battery solutions has never been higher. As a result, the batteries segment is expected to witness robust growth, contributing significantly to the overall market expansion.

The glass and ceramics segment is another significant application area for technical grade lithium carbonate. In this industry, lithium c

Global Pharmaceutical Grade Lithium Carbonate Market was valued at USD 145.89 Million in 2024 and is expected to reach USD 152.97 Million by 2030 with a CAGR of 3.75% during the forecast period.

In the first quarter of 2025, the U.S. lithium carbonate market experienced fluctuating dynamics shaped by ongoing global oversupply, restrained demand, and geopolitical uncertainty. Prices exhibited a gradual decline through January and February before stabilizing in March. Production and supply dynamics were shaped by a projected 16% increase in global capacity, driven by expansions in Chile, Australia, and Africa. Chile alone is expected to reach 305,000 tons of lithium output in 2025.

The lithium carbonate market, valued at USD 2.55 billion in 2025, is expected to expand at a CAGR of 10.21% from 2025 to 2033. The market growth is primarily driven by the increasing demand for lithium-ion batteries in electric vehicles and electronic devices. The growing awareness of environmental concerns and stringent government regulations promoting sustainable energy sources is further fueling the demand for lithium carbonate. The end-use segment for battery cathodes dominates the market, owing to the widespread adoption of lithium-ion batteries in electric vehicles and consumer electronics. The battery grade segment holds the largest share in the grade segment due to its superior performance and high energy density. The brine extraction process is the most common production method, accounting for a significant portion of the market. The Asia Pacific region accounted for the largest market share in 2025, primarily due to the presence of major lithium-carbonate producing countries such as China and Japan. North America and Europe are other key markets, driven by the growing demand for electric vehicles and stringent environmental regulations. Key drivers for this market are: Growing demand for electric vehicles Government incentives for EVs and renewable energy Increasing use in energy storage systems Expansion of the lithium-ion battery market Surge in the construction of lithium-ion battery plants. Potential restraints include: Rising Demand for Electric Vehicles Government Incentives for Green Energy Lithium Supply Shortage Technological Advancements in Battery Manufacturing Increasing Focus on Sustainable Energy Sources.