Press release
In-Depth Analysis of the Lithium Metal Market: Growth Opportunities, Key Trends, and Forecast 2025-2034
Lithium Metal Market
The lithium metal market will grow from $3.07 billion in 2024 to $3.63 billion in 2025, at a CAGR of 18.1%. Growth is driven by the rise of electric vehicles (EVs), renewable energy demand, consumer electronics, and the aerospace and defense sectors.
The lithium metal market is expected to grow to $6.61 billion by 2029, driven by demand for medical devices, battery technology advancements, and recycling innovations. Trends include government initiatives and consumer awareness.
What Is Driving the Growth Trajectory of the Lithium Metal Market?
The growing adoption of electric vehicles worldwide is expected to drive the lithium metal market forward. Electric vehicles, which run on electricity stored in batteries rather than traditional fuels like gasoline or diesel, rely on lithium metal for manufacturing lithium-ion batteries, their primary power source. According to the International Energy Agency's Global EV Outlook 2022, electric vehicle sales nearly doubled from 2021 to 2022, reaching a new high of 10.2 million units. Furthermore, 2023 electric vehicle sales are expected to rise by 35%, reaching 14 million units. Therefore, the increasing adoption of electric vehicles will fuel the growth of the lithium metal market.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12983&type=smp
Which Leading Companies Are Shaping the Growth of the Lithium Metal Market?
Major companies operating in the lithium metal market are Sociedad Quimica Y Minera S.A, Albemarle Corporation, Eramet Group, Ganfeng Lithium Co. Ltd., FMC Corporation, Mineral Resources Ltd., Mineral Resources Ltd., Sichuan Yahua Industrial Group Co. Ltd., Shenzhen Chengxin Lithium Group Co. Ltd., Advanced Metallurgical Group NV, Pilbara Minerals Ltd., Livent Corporation, Allkem Limited, Spectrum Chemical Mfg. Corp., Tianqi Lithium Corp, Bisley International LLC, Lithium Americas Corp., Neometals Ltd., American Elements Corp, China Energy Lithium Co. Ltd., Savannah Resources PLC, TruGroup Inc., Chemical-Metallurgical Plant Open Joint Stock Co., Otto Chemie Pvt. Ltd., Li-Metal Corp.
How Is the Lithium Metal Market Evolving?
Leading companies in the lithium metal market are focused on innovating advanced lithium materials to strengthen their market position. Advanced lithium materials are used in the production of high-energy-density lithium batteries. For example, in March 2023, MontaVista Energy Technologies Corporation, a China-based developer of materials for lithium metal batteries, introduced the METARY P series. This series features high-power, high-specific-energy cells that use a lithium metal anode and a non-flammable liquid electrolyte. The METARY P Series provides over 400 Wh/kg of specific energy, enabling ultralong in-airtime for commercial drones while also offering high power and lift for safe operation at high speeds.
What Are the Key Segments of the Lithium Metal Market?
The lithium metal market covered in this report is segmented -
1) By Source: Salt Lake Brine, Lithium Ores
2) By Application: Lithium Ion-Anode Material, Alloy, Intermediates, Other Applications
3) By End-User: Batteries, Metal Processing, Pharmaceutical, Other End-Users
Subsegments:
1) By Salt Lake Brine: Lithium Carbonate, Lithium Hydroxide
2) By Lithium Ores: Spodumene, Lepidolite, Petalite
Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/lithium-metal-global-market-report
Which Region Dominates the Lithium Metal Market?
Asia-Pacific was the largest region in the lithium metal market in 2024. The regions covered in lithium metal market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Lithium Metal Global Market Report?
- Market Size Analysis: Analyze the Lithium Metal Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Lithium Metal Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Lithium Metal Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Lithium Metal Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12983
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release In-Depth Analysis of the Lithium Metal Market: Growth Opportunities, Key Trends, and Forecast 2025-2034 here
News-ID: 3851988 • Views: …
More Releases from The Business Research Company
Post-Harvest Treatment Industry Growth Outlook: 8.9% CAGR and $2.63 Billion by 2 …
Get 30% off global market reports with code ONLINE30 and keep ahead of tariffs, macro trends, and worldwide economic developments.
What Is the Long-Term Growth Forecast for the Post-Harvest Treatment Market Size 2025?
In recent times, there's been a significant increase in the size of the post-harvest treatment market. The market, which is forecasted to expand from a worth of $1.73 billion in 2024 to $1.87 billion in 2025, will experience a…
Phosphate Fertilizer Market Size Forecast: $69.75 Billion by 2029 | Global Outlo …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What Is the Projected Market Size Valuation of the Phosphate Fertilizer Market by 2025?
The market size for phosphate fertilizer has shown robust growth in the past few years. An expansion from $52.3 billion in 2024 to $55.02 billion in 2025 is anticipated, representing a compound annual growth rate (CAGR) of…
Seed Treatment Fungicides Market to Grow at 9.3% CAGR, Reaching $3.15 Billion by …
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.
Seed Treatment Fungicides Market Outlook: How is the Market Expected to Grow by 2025?
Over the past few years, the market for seed treatment fungicides has seen robust growth. Its market value is projected to rise from $2.07 billion in 2024 to $2.21 billion in 2025, signifying a compound annual…
Rheology Modifiers Market Growth to be Driven by Emerging Trends | $10.92 Billio …
Stay informed on tariff shifts, macro trends, and global economic changes-use code ONLINE30 to enjoy 30% off our global market reports.
What is the Projected Market Size of the Rheology Modifiers Industry?
There has been a consistent expansion in the size of the rheology modifiers market in the past few years. The market, which was worth $8.59 billion in 2024, is projected to increase to $8.89 billion in 2025, demonstrating a compound…
More Releases for Lithium
Lithium Compounds Market To Witness Massive Growth | Competitive Outlook Albemar …
Lithium compounds market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account 20.04 billion by 2027 growing with the CAGR of 20.90% in the above-mentioned forecast period. Huge investments in infrastructure developments is a vital factor driving the growth of lithium compounds market swiftly.
The Lithium Compounds Market research report assesses the ongoing as well as future…
Lithium Compounds Market 2020-2025 Global Analysis & Opportunity Assessment | Li …
The global Lithium Compound market size is projected to reach over USD 9 billion by 2025. Lithium is an alkali metal that is generally present among the soil, human body, animals, and plants. It is a light weight metal with less density when compared to other elements. The lithium compounds, primarily find its application in rechargeable and non-rechargeable batteries. The lithium is primarily used across glass & ceramics, Li-ion batteries,…
Lithium Compounds Market Analysis & Industry Outlook 2019-2025| Livent Corporati …
The global Lithium Compound market size is projected to reach over USD 9 billion by 2025. Lithium is an alkali metal that is generally present among the soil, human body, animals, and plants. It is a light weight metal with less density when compared to other elements. The lithium compounds, primarily find its application in rechargeable and non-rechargeable batteries. The lithium is primarily used across glass & ceramics, Li-ion batteries,…
Lithium Compounds Market Scenario & Industry Outlook 2019-2025| Livent Corporati …
The global lithium compound market size is projected to reach over USD 9 billion by 2025.The report on lithium compound market is aimed to equip report readers with versatile understanding on diverse marketing opportunities that are rampantly available across regional hubs. A thorough assessment and evaluation of these factors are likely to influence incremental growth prospects in the lithium compound market.
Request sample copy of this report at: https://www.adroitmarketresearch.com/contacts/request-sample/1445
Additionally, in this…
Lithium Fluoride Market players Jiangxu Ganfeng Lithium, Harshil Fluoride Brivo …
The developing in the glass, optics and electronic and electrical industries has initiated a high demand for Lithium and related compounds. Lithium and lithium based compounds are one the key substances that have dynamic usage, either as a feedstock or as product. One of the most commercially important compound is Lithium fluoride. Lithium fluoride is an odorless, crystalline lithium salt manufactured by the reaction of lithium hydroxide with hydrogen fluoride.…
Lithium Hydroxide Market | Key Players are FMC Corporation, Sociedad Quimica Min …
Lithium Hydroxide (LiOH) is an inorganic compound that is insoluble in water and partially soluble in ethanol. It is commercially available as a monohydrate (LiOH.H2O) and in anhydrous form, both of which are strong bases. On the basis of purity level, it is also available in battery grade and technical grade. Lithium hydroxide is manufactured by means of a metathesis reaction between calcium hydroxide and lithium carbonate and it finds…
