Lithium rose to 63,750 CNY/T on July 11, 2025, up 0.16% from the previous day. Over the past month, Lithium's price has risen 5.11%, but it is still 29.56% lower than a year ago, 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 July of 2025.

This statistic depicts a forecast of the lithium supply growth worldwide from 2019 to 2025. In 2025, it is expected that the global lithium market will experience a supply growth of around four percent.

In 2025, the global demand for lithium is expected to surpass *** million metric tons of lithium carbonate equivalent, a growth of ** percent in comparison to 2023. Increases in battery demand for electric vehicles will be a strong driver of lithium consumption in the next decade.

By 2035, the Lithium-ion Battery Cathode Market is estimated to expand to USD 245.93 Billion, showcasing a robust CAGR of 20.55% between 2025 and 2035, starting from a valuation of USD 31.48 Billion in 2024.

In 2025, the price of ** percent lithium carbonate is projected to be around **** U.S. dollars per kilogram. Growing global lithium demandThere has been a steady increase in battery demand globally, which in turn becomes a strong driver of lithium usage in the future. However, producers have been unable to keep up with the demand. In 2025, global lithium demand is expected to reach ***** metric tons of lithium carbonate equivalent for non-rechargeable batteries. The 2018 annual average price of battery-grade lithium carbonate was ****** U.S. dollars per metric ton, increased from the ****** U.S. dollars in the previous year. Lithium demand by applicationLithium has many end use applications aside from batteries. For example, demand for lithium in ceramics is anticipated to reach ****** metric tons of lithium carbonate equivalent in 2025. Another example is that the demand for lithium in polymers is expected to grow to ****** metric tons of lithium carbonate equivalent by 2025, from the 2018 demand which was ***** metric tons.

Lithium prices are projected to stabilize in 2025 following substantial declines, attributed to mining adjustments and China's expanding EV market. Analysts foresee a balance between supply and demand.

Lithium Battery Charger ICs Market set to grow from USD 19.67 Billion in 2025 to USD 43.34 Billion by 2032 at a CAGR of 11.9%.

Lithium Market Outlook

The global lithium market size was valued at approximately USD 8.3 billion in 2023 and is expected to reach around USD 26.9 billion by 2032, exhibiting a robust compound annual growth rate (CAGR) of 14.2% during the forecast period. This impressive growth trajectory is primarily driven by the burgeoning demand for lithium-ion batteries, pivotal in propelling the electric vehicle (EV) revolution and portable consumer electronics. The increasing commitment of governments worldwide to transition to renewable energy and reduce carbon emissions is another significant driver, further catalyzing the adoption of lithium-ion technologies across various sectors.

A critical growth factor for the lithium market is the rapid expansion of the electric vehicle (EV) sector. With automotive giants and startups alike accelerating their production of electric models, the demand for lithium, a key component in EV batteries, has surged. Policies aimed at reducing dependency on fossil fuels and incentivizing cleaner transportation options are amplifying this trend. For instance, several countries, including China, the United States, and members of the European Union, have set ambitious targets for EV adoption, fueling substantial investments in lithium extraction and battery production facilities. Additionally, advancements in battery technology that increase energy density and reduce costs are making EVs more accessible to the mass market, thereby increasing lithium demand.

The proliferation of renewable energy initiatives and the associated need for efficient energy storage solutions present another growth vector for the lithium market. Renewable energy sources like solar and wind are inherently intermittent, necessitating reliable storage solutions to ensure a stable power supply. Lithium-ion batteries have emerged as the preferred choice due to their high energy density, efficiency, and declining costs. As countries globally push towards achieving sustainable energy goals, the deployment of large-scale lithium-ion battery storage systems is anticipated to expand, further bolstering the market. Additionally, advancements in grid infrastructure that integrate renewable energy sources are expected to contribute significantly to the growing demand for lithium-based solutions.

Technological innovation and increased investment in research and development are further enhancing the growth prospects of the lithium market. Research into alternative lithium extraction methods, such as direct lithium extraction (DLE) from brines, is gaining traction, promising more environmentally friendly and cost-effective solutions than traditional mining methods. Moreover, ongoing improvements in battery recycling technologies aim to recover lithium from spent batteries efficiently, reducing dependency on new lithium extraction and supporting circular economy initiatives. These technological advancements are critical for meeting future lithium demand sustainably and mitigating environmental impacts associated with lithium production.

Regionally, Asia Pacific is expected to dominate the lithium market due to its robust manufacturing base and rapidly growing EV industry. The presence of major battery manufacturers and a conducive regulatory environment further bolster this region's growth. In contrast, North America and Europe are experiencing heightened demand driven by policy incentives and technological innovation. Latin America, home to the 'Lithium Triangle'—a region abundant in lithium reserves—is emerging as a key player in the supply chain, while the Middle East & Africa are gradually increasing their market presence with investments in mining and battery manufacturing.

Type Analysis

The lithium market is segmented into various types, including lithium carbonate, lithium hydroxide, lithium chloride, and others, each playing a distinct role in diverse applications. Lithium carbonate is currently the most widely used type, primarily due to its application in the production of lithium-ion batteries. As the demand for electric vehicles and portable electronic devices continues to grow, the consumption of lithium carbonate is expected to see a significant rise. This compound is also used in the manufacturing of glass and ceramics, where it enhances the physical properties of the materials. Thus, the multifaceted applications of lithium carbonate make it a cornerstone of the lithium market.

Lithium hydroxide is gaining prominence due to its superior performance in high-nickel content lithium-ion batteries, which offer higher energy densities. This type is incre

Lithium Mining Market Outlook

The global lithium mining market size was valued at approximately USD 3.5 billion in 2023 and is expected to reach USD 9.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 12.1% during the forecast period. This dynamic growth is driven by the rising demand for lithium-ion batteries, primarily from the burgeoning electric vehicle (EV) market and the expanding energy storage segment. As the world transitions towards cleaner energy solutions, lithium, a critical component in rechargeable battery technology, has emerged as a pivotal element in the global energy landscape. The shift towards renewable energy and increased awareness about reducing carbon footprints further solidify the anticipated growth trajectory of the lithium mining market.

One of the primary growth factors for the lithium mining market is the skyrocketing demand for electric vehicles. As governments globally impose stricter emissions regulations and offer incentives for electric vehicle adoption, automakers are ramping up production of electric vehicles, which, in turn, drives the demand for lithium. Lithium-ion batteries, known for their high energy density and efficiency, are the preferred choice for electric vehicles, making the automotive sector a significant consumer of lithium. Additionally, advancements in battery technology are increasing the range and efficiency of electric vehicles, further stimulating the demand for lithium, thus driving the growth of the lithium mining market.

Another factor propelling the lithium mining market is the growing need for energy storage solutions. With the increasing integration of renewable energy sources like solar and wind into electrical grids, there is a pressing demand for efficient energy storage systems to manage intermittent energy supply. Lithium-ion batteries are leading the way in energy storage solutions due to their long cycle life and relatively high efficiency. As countries worldwide transition to sustainable energy systems, investments in grid infrastructure and energy storage solutions are anticipated to escalate, thereby bolstering the demand for lithium. This trend is expected to sustain the growth momentum of the lithium mining market over the forecast period.

Additionally, the electronics industry's rapid evolution is contributing to the rising demand for lithium. The proliferation of portable electronic devices, including smartphones, laptops, and wearable technology, requires high-performance batteries to accommodate consumer demands for longer battery life and quicker charging times. Lithium, being a key component in these batteries, is witnessing increased consumption in the electronics sector. Moreover, innovations in consumer electronics are anticipated to continue, promoting further demand for lithium and supporting its mining marketÂ’s expansion.

The role of Lithium Extractant in the mining process is becoming increasingly significant as the demand for efficient and environmentally friendly extraction methods grows. Lithium extractants are specialized chemicals used to selectively separate lithium from other minerals during the extraction process. These extractants are crucial in enhancing the purity and yield of lithium, which is essential for producing high-quality battery-grade lithium. As the lithium mining industry seeks to improve its environmental footprint, the development and use of advanced lithium extractants are gaining traction. These extractants not only optimize the extraction process but also reduce the environmental impact by minimizing waste and energy consumption. The ongoing research and innovation in lithium extractant technology are expected to play a pivotal role in the future of lithium mining, aligning with the industry's sustainability goals.

Regionally, the Asia Pacific region stands out as the largest and fastest-growing market for lithium mining. This is driven by high demand from countries like China, which is the largest producer and consumer of lithium worldwide. China's aggressive stance on electric vehicles and renewable energy, combined with significant investments in lithium extraction and processing, is a critical growth driver. Meanwhile, North America and Europe also present substantial growth potential due to their commitment to renewable energy initiatives and increasing electric vehicle adoption rates. The Latin American region, notably Chile and Argentina, holds a strategic position due to its vast lithium reserves, contributing significantly to the global lithium supply.

The global lithium mining market recorded a value of USD 4.2 billion in 2025 and is expected to grow to a valuation of USD 8.5 billion by 2035 at a CAGR of 7.2%.

Semi-annual Market Update

Country-wise Insights

Category-wise Insights

Global Automotive Lithium Battery market size 2025 was XX Million. Automotive Lithium Battery Industry compound annual growth rate (CAGR) will be XX% from 2025 till 2033.

The Chile lithium market size is projected to grow at a CAGR of 18.90% between 2025 and 2034.

8 Hydroxyquinolinolato Lithium Market Outlook

The global 8 Hydroxyquinolinolato Lithium market size was valued at approximately USD 120 million in 2023 and is expected to grow to USD 220 million by 2032, at a CAGR of around 6.8% from 2024 to 2032. One of the primary growth factors for this market is the increasing demand for advanced materials in the electronics sector.

The growth in the electronics sector, particularly in the development and widespread adoption of organic electronic devices such as OLEDs, OPVs, and OFETs, is a significant factor driving the 8 Hydroxyquinolinolato Lithium market. These materials are essential in creating high-performance electronic components due to their unique properties, which enable enhanced efficiency and longevity of devices. The increasing demand for high-resolution displays and energy-efficient lighting solutions is boosting the consumption of this compound in the electronics industry.

Another critical growth factor is the rising investment in research and development activities focused on organic materials. Governments and private organizations are increasingly funding projects aimed at developing new applications for 8 Hydroxyquinolinolato Lithium. This compound's versatility and effectiveness in various electronic applications make it a focal point of many innovative projects, which in turn is driving its market growth. The continuous development of new technologies and the improvement of existing ones are expected to offer significant opportunities for market expansion.

The automotive and aerospace industries are also contributing to the market's growth. The push towards lightweight and energy-efficient components in these industries has led to increased usage of advanced materials like 8 Hydroxyquinolinolato Lithium. Its application in organic electronic devices used for automotive lighting and aerospace navigation systems is becoming increasingly common. The demand for improved performance and efficiency in these sectors is likely to continue driving the market over the forecast period.

Regionally, Asia Pacific is expected to dominate the market due to its strong electronics manufacturing base, especially in countries like China, Japan, and South Korea. North America and Europe are also significant markets, driven by their advanced automotive and aerospace industries, as well as substantial investments in R&D. The Middle East & Africa and Latin America, while smaller in market share, are likely to see growth due to increasing industrialization and technological adoption.

Product Type Analysis

In the 8 Hydroxyquinolinolato Lithium market, product type is segmented based on purity, with categories including Purity ≥ 99% and Purity < 99%. The high-purity segment (Purity ≥ 99%) holds a significant share of the market due to its widespread application in high-performance electronic devices. High-purity 8 Hydroxyquinolinolato Lithium is essential for achieving the desired efficiency and performance in devices like OLEDs, OPVs, and OFETs, making it a crucial component in the electronics industry.

The high-purity segment is expected to grow at a substantial rate due to the increasing demand for high-quality materials in advanced electronic applications. The stringent performance requirements of modern electronic devices necessitate the use of materials with very high purity levels, which can ensure optimal functionality and longevity. This segment's growth is further fueled by ongoing advancements in purification technologies, making it possible to produce high-purity materials more efficiently and cost-effectively.

On the other hand, the Purity < 99% segment, while smaller in market share, still plays a vital role in various applications. This segment is often utilized in applications where ultra-high purity is not as critical but where the material's unique properties are still beneficial. For instance, certain industrial applications and lower-end electronic devices may leverage this segment due to its cost-effectiveness compared to higher-purity alternatives.

The demand for Purity < 99% materials is also driven by the growing market for consumer electronics and other mass-produced items where cost considerations are crucial. Despite being less pure, these materials can still deliver satisfactory performance for a range of applications, making them a viable option for manufacturers looking to balance performance and cost.

Overall, both segments are anticip

According to the latest research report, the stationary lithium ion battery market is expected to grow at a CAGR of over 13% during the period 2019–2025. The industry analysis report offers latest industry trends, forecast, vendor analysis, and investment opportunities.

Global Lithium Difluorophosphate market size 2025 is $2742.36 Million whereas according out published study it will reach to $5942.93 Million by 2033. Lithium Difluorophosphate market will be growing at a CAGR of 10.15% during 2025 to 2033.

In 2025, the total supply of lithium from Australia is forecast to total ******* metric tons of lithium carbonate equivalent. Increasing battery demand will be a strong driver of lithium consumption in the near future, but producers are currently limited in their ability to match demands.

Lithium Nitrate Market Outlook

The global lithium nitrate market size was estimated at USD 1.2 billion in 2023 and is projected to reach USD 2.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.5% over the forecast period. The growth of the lithium nitrate market is driven by increasing demands in the battery manufacturing sector, advancements in energy storage technologies, and the rising adoption of electric vehicles globally.

A significant growth factor for the lithium nitrate market is the burgeoning demand for electric vehicles (EVs). Governments around the world are setting stringent emission regulations and offering subsidies for EV purchases to promote sustainable transportation. This shift towards EVs has led to an increased demand for high-performance lithium batteries, thereby fueling the market for lithium nitrate, an essential component in battery manufacturing. Furthermore, innovations in battery technology aimed at enhancing energy storage capacity and lifespan are further anticipated to drive the market growth.

The rising demand for renewable energy sources and efficient energy storage systems is another key driver for the lithium nitrate market. As the world transitions towards cleaner energy sources such as solar and wind, the need for efficient energy storage systems has become crucial. Lithium-ion batteries, which employ lithium nitrate, are widely utilized in energy storage systems due to their high energy density and reliability. This trend is expected to significantly contribute to the growth of the lithium nitrate market over the forecast period.

Another growth factor is the expanding application of lithium nitrate in the glass and ceramics industry. Lithium nitrate is employed as a flux in the manufacturing of glass and ceramics, which helps to reduce the melting temperature and improve the properties of the final product. The increasing demand for high-quality glass and ceramics in the construction and electronics sectors is expected to boost the lithium nitrate market. Furthermore, the pharmaceutical industry’s demand for high-purity lithium nitrate for medical and research applications is also contributing to market growth.

Regionally, the Asia Pacific holds a dominant position in the lithium nitrate market due to its high demand from the automotive and electronics sectors. Countries like China and Japan are leading in battery production and innovation, thus driving the demand for lithium nitrate. North America and Europe are also significant markets, driven by the growing adoption of electric vehicles and renewable energy storage solutions. Latin America and the Middle East & Africa are emerging markets with potential growth opportunities due to increasing industrialization and technological advancements.

Product Type Analysis

In the lithium nitrate market, the product type segment is categorized into battery grade, industrial grade, and analytical reagent grade. Battery grade lithium nitrate dominates the market due to its essential role in the manufacturing of lithium-ion batteries. The increasing demand for electric vehicles and the ongoing advancements in battery technology are driving the demand for battery grade lithium nitrate. This product type is expected to witness substantial growth over the forecast period as the global shift towards sustainable energy solutions continues.

Industrial grade lithium nitrate is also a crucial segment, primarily used in the glass and ceramics, air conditioning systems, and various industrial applications. The demand for high-quality glass and ceramics in modern construction and electronics is driving the growth of industrial grade lithium nitrate. Additionally, its application in cooling systems as a heat transfer medium is gaining traction, further supporting market growth. This segment is expected to maintain a steady growth rate due to the diverse applications of industrial grade lithium nitrate.

Analytical reagent grade lithium nitrate is used in laboratories for various analytical and research purposes. While this segment represents a smaller portion of the overall market, it is essential for scientific research and pharmaceutical applications. The increasing investment in R&D activities and the growing pharmaceutical industry are driving the demand for analytical reagent grade lithium nitrate. This segment is anticipated to grow steadily as research activities expand globally.

Each product type has specific applications and advantages, contributing to the overall growth of th

The lithium market size is projected to grow from USD 22.48 billion in 2024 to USD 155.7 billion by 2035, representing a CAGR of 19.23%, during the forecast period till 2035

In 2021, the Turkish lithium battery market increased by 8.9% to $X, rising for the second consecutive year after two years of decline. In general, the total consumption indicated a temperate increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +19.9% against 2019 indices. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in the near future.

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Lithium-Ion Battery Market Size 2025-2029

The lithium-ion battery market size is forecast to increase by USD 405.1 billion, at a CAGR of 34.5% between 2024 and 2029.

The market is experiencing robust growth, driven primarily by the surging demand from the consumer electronics sector. The insatiable appetite for portable devices, electric vehicles, and renewable energy storage systems is fueling the market's expansion. Additionally, legislative initiatives supporting battery recycling are creating new opportunities for market participants. However, the market is not without challenges. The increasing popularity of fuel cell solutions, which offer greater energy density and longer runtimes, poses a significant threat to lithium-ion batteries. Moreover, the environmental concerns surrounding the extraction and disposal of lithium, a key component in these batteries, could hamper market growth.
Companies must navigate these challenges by investing in research and development to improve battery efficiency and sustainability, as well as exploring alternative sources for lithium and recycling initiatives. The market's dynamics underscore the need for strategic planning and innovation to capitalize on emerging opportunities and maintain a competitive edge.

What will be the Size of the Lithium-Ion Battery 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.
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The market continues to evolve, driven by advancements in technology and increasing demand across various sectors. Rechargeable batteries, a key component of this market, are subject to ongoing research and development to enhance their performance and safety. Discharge rate, battery pack size, resistance, and capacity are critical factors influencing battery performance. Range anxiety, a concern for electric vehicle (EV) consumers, is being addressed through advancements in battery technology and charging infrastructure. Battery pack safety is a paramount concern, with ongoing efforts to improve battery management systems (BMS) and battery pack management. BMS optimizes battery usage, ensuring efficient charging and discharging, while battery pack management focuses on durability and reliability.

Lithium-ion batteries, with their high energy density, are popular in sectors ranging from consumer electronics to transportation. Battery cost, a significant market driver, is influenced by factors such as battery pack design, cell chemistry, and manufacturing processes. Battery testing and recycling are essential for ensuring battery durability and sustainability. Thermal management, battery impedance, and charging infrastructure are other critical factors shaping the market. Fast charging, a desirable feature for consumers, is driving innovation in battery technology. Lithium-ion polymer batteries and lithium cobalt oxide, lithium manganese oxide, and lithium iron phosphate are among the various cell chemistries being explored to improve battery efficiency and reliability.The continuous unfolding of market activities underscores the dynamic nature of the market.

How is this Lithium-Ion Battery Industry segmented?

The lithium-ion battery industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Type

  Lithium nickel manganese cobalt
  Lithium titanate
  Lithium iron phosphate
  Lithium cobalt oxide


Application

  Automotive
  Consumer electronics
  Others


Voltage

  Low (Below 12V)
  Medium (12V - 36V)
  High (Above 36V)


Capacity

  Below 3,000 mAh
  3,001-10,000 mAh
  10,001-60,000 mAh
  Above 60,000 mAh


Geography

  North America

    US


  Europe

    France
    Germany
    Italy
    Sweden
    UK


  APAC

    China
    India
    Japan
    South Korea


  Rest of World (ROW)

By Type Insights

The lithium nickel manganese cobalt segment is estimated to witness significant growth during the forecast period.

Lithium-ion batteries, specifically lithium nickel manganese cobalt (NMC) batteries, have gained significant traction in various industries due to their unique properties. The combination of nickel and manganese in these batteries offers advantages from both worlds. Manganese, with its low internal resistance, forms a spinel structure, which is beneficial for creating batteries with low resistance. Nickel, despite having a larger specific energy, is unstable. By blending these metals, the strengths of each are amplified, resulting in high-performing batteries. NMC batteries are widely adopted in power tools, e-bikes, and other electric drivetrains due to their versatility. They cater to both high-energy and high-power applications, m