Lithium Sulfides Market Key Manufacturers, Size, Growth Rate, Value, Volume and Forecasts to 2029

The global Lithium Sulfides market was valued at US$ 6.39 million in 2022 and is anticipated to reach US$ 52.75 million by 2029, witnessing a CAGR of 35.48% during the forecast period 2023-2029. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.

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By Company-
- Lorad Chemical
- Albemarle
- AMG Lithium
- Materion
- Stanford Advanced Materials (Oceania International)
- Ganfeng Lithium Co
- Hubei Xinrunde
- Hangzhou Kaiyada
- Chengdu Hipure

Segment by Type
- 99.9%
- 99.99%

Segment by Application
- Sulfide Solid Electrolytes
- Lithium-sulfur Batteries Electrodes

The major global manufacturers of Lithium Sulfides include Lorad Chemical, Albemarle, Ganfeng Lithium Co, AMG Lithium and Hubei Xinrunde, accounting for 56.03% market share in terms of revenues in 2022. The market concentration rate is high. Players are concentrated in United States, Europe and China.

The lithium sulfides market is expected to witness significant growth in the coming years due to the increasing demand for lithium-ion batteries in various end-use industries, including automotive, consumer electronics, and energy storage systems. Lithium sulfides are used as an electrolyte in lithium-ion batteries, which are widely used in portable electronic devices, electric vehicles, and renewable energy systems.

The lithium sulfides market can be segmented based on type, application, and geography. Based on type, the market can be segmented into lithium sulfide powder and lithium sulfide solution. The lithium sulfide powder segment is expected to hold the largest market share due to its widespread use in the production of lithium-ion batteries.

Based on application, the market can be segmented into lithium-ion batteries, lubricants, and others. The lithium-ion batteries segment is expected to hold the largest market share due to the increasing demand for lithium-ion batteries in various end-use industries.

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Geographically, Asia-Pacific is expected to hold the largest market share due to the increasing demand for lithium-ion batteries in various end-use industries such as automotive and consumer electronics in the region. China is expected to be the largest consumer of lithium sulfides in the region, followed by Japan and South Korea.

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This release was published on openPR.