Lithium Carbonate Market Size, Revenue, Insights, Overview, Outlook, Analysis | Valuates Reports

Lithium Carbonate Market Size

The global market for Lithium Carbonate was estimated to be worth US$ 3057 million in 2023 and is forecast to a readjusted size of US$ 9176.4 million by 2030 with a CAGR of 16.8% during the forecast period 2024-2030.

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Lithium carbonate is an inorganic compound, the lithium salt of carbonate with the formula Li2CO3. This white salt is an important industrial chemical and widely used in many industries, such as battery industry, processing of metal oxides

Global Lithium Carbonate key players include SQM, Albemarle, Ganfeng Lithium, etc. Global top three manufacturers hold a share about 35%.

Asia Pacific is the largest market, with a share about 50%, followed by South America, and Europe, both have a share about 45 percent.

In terms of product, Battery Grade Lithium Carbonate is the largest segment, with a share over 70%. And in terms of application, the largest application is Batteries, followed by Glass and Ceramics, Lubricants, Metallurgy, etc.

By Type
• Industrial Grade Lithium Carbonate
• Battery Grade Lithium Carbonate

By Application
• Batteries
• Glass and Ceramics
• Medical
• Lubricants
• Metallurgy

Key Companies
SQM, Albemarle, FMC, Orocobre, Nordic Mining, Tianqi Lithium, Ganfeng Lithium, Ruifu Lithium, Weihua, QingHai Salt Lake Industry, Yahua, Palith, Tibet Mineral Development

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This release was published on openPR.