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India Lithium Market 2025 Edition: Industry Size to Reach USD 4.92 Billion by 2033, at a CAGR of 21.12%

05-20-2025 07:50 AM CET | Chemicals & Materials

Press release from: IMARC Group

India Lithium Market 2025 Edition: Industry Size to Reach USD

India Lithium Market 2025-2033

According to IMARC Group's report titled "India Lithium Market Size, Share, Trends and Forecast by Product, Application, and Region, 2025-2033", The report offers a comprehensive analysis of the industry, including market share, growth, trends, and regional insights.

How Big is the India Lithium Industry ?

The India lithium market size was valued at USD 0.88 Billion in 2024 and is expected to reach USD 4.92 Billion by 2033, exhibiting a growth rate (CAGR) of 21.12% during 2025-2033.

India Lithium Market Trends:

The Indian lithium market is undergoing transformative changes, driven by the country's aggressive push toward electric mobility and renewable energy storage. A key trend is the surging demand for lithium-ion batteries, particularly for electric vehicles (EVs), as government policies like FAME II and state-level EV subsidies accelerate adoption. Moreover, India is actively seeking to reduce import dependence by exploring domestic lithium reserves in Jammu & Kashmir and Rajasthan, with recent discoveries signaling potential for self-sufficiency. In addition, global partnerships are gaining momentum, as Indian firms collaborate with international lithium producers and battery manufacturers to secure supply chains and transfer technology.

Furthermore, recycling initiatives are emerging as a critical focus area, with startups and established players developing processes to recover lithium from used batteries, addressing both sustainability and cost concerns. Basically, the market is also witnessing innovation in alternative lithium extraction methods, including brine and clay-based techniques, to diversify supply sources. The rise of energy storage systems (ESS) for solar and wind projects is further amplifying demand, positioning lithium as a strategic mineral for India's energy transition.

Request for a sample copy of this report: https://www.imarcgroup.com/india-lithium-market/requestsample

India Lithium Market Scope and Growth Analysis:

India's value chain for lithium spans the entire spectrum from raw material procurement to premium battery manufacturing. Development of the sector aligns with broader national objectives of energy security and industrial competitiveness. Increased investments in research and development are giving rise to indigenous battery chemistry and manufacturing process capabilities. Infrastructure development for processing of material is taking shape, supported by public-private partnerships. The industry is faced with technology challenges in extraction and refining of minerals, hence strategic international engagements for security of resources.

New battery-as-a-service and second-life technology business models are creating new opportunities in the circular economy. Draft rules are being prepared to enshrine quality parameters of and promote sustainable sourcing. Convergence of renewable energy ambitions and mobility revolution is expected to propel long-term demand, placing lithium among the important materials in India's sustainable growth strategy.

India Lithium Industry Segmentation:

The report has segmented the market into the following categories:

Product Insights:

• Carbonates
• Hydroxide
• Others

Application Insights:

• Automotive
• Consumer Electronics
• Grid Storage
• Glass and Ceramics
• Others

Regional Insights:

• North India
• South India
• East India
• West India

Competitor Landscape:

The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.

Other key areas covered in the report:

• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Market Dynamics
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
• Top Winning Strategies
• Recent Industry News
• Key Technological Trends & Development

Ask an analyst: https://www.imarcgroup.com/request?type=report&id=33188&flag=C

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

Explore More Research Reports & Get Your Free Sample Now:

India Edible Oil Market: https://www.imarcgroup.com/india-edible-oil-market/requestsample

India 5G Services Market: https://www.imarcgroup.com/india-5g-services-market/requestsample

India Styrene-Butadiene Rubber (SBR) Market: https://www.imarcgroup.com/india-styrene-butadiene-rubber-market/requestsample

IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
United States: +1-631-791-1145

IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.

IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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