United States Lithium Market 2025 | Industry Developments, Future Growth, Share & Industry Insights

Lithium Market reached US$9.3 billion in 2023 and is expected to reach US$38.8 billion by 2031, growing with a CAGR of 19.5% during the forecast period 2024-2031

DataM Intelligence unveils its latest report on the "Lithium Market Size 2025," offering an in-depth analysis of market trends, growth drivers, competitive landscape, and regional dynamics. The study covers market size in value and volume, CAGR forecasts, and emerging opportunities that can guide businesses in seizing growth potential and crafting winning strategies. Packed with data-driven insights on current developments and future trends, this report is essential for companies aiming to stay ahead in the competitive Market.

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List of Top Key Player: Albemarle, Altura Mining Limited, Avalon Advanced Materials Inc, FMC, Critical Elements Corporation, Galaxy Resources Limited, Jiangxi Ganfeng Lithium Co. Ltd, Lithium Americas, Sichuan Tianqi Lithium Industries, SQM.

United States - Industry Developments:

✅ Government Stake in Lithium Americas
On October 1, 2025, the U.S. Department of Energy acquired a 5% equity stake in Lithium Americas and its Thacker Pass lithium mining project in Nevada, aiming to bolster domestic lithium supply for electric vehicles and renewable energy storage.

✅ Trilogy Metals Investment
On October 7, 2025, the U.S. government announced a $35.6 million investment in Trilogy Metals, acquiring a 10% stake and warrants for an additional 7.5%, to support critical mineral mining in Alaska.

Japan - Industry Developments:

✅ De Nora Lithium Recovery Plant
On October 6, 2025, De Nora's Japanese subsidiary signed a contract to supply a lithium hydroxide recovery plant from used batteries, aiming to reduce water consumption and chemical use in the recycling process.

✅ Panasonic Coin-Type Battery Launch
On September 3, 2025, Panasonic Energy announced the launch of three new coin-type lithium batteries (CR2032E, CR2025E, CR2016E) with a 10-year lifespan, set to release on October 10, 2025.

South Korea - Industry Developments:

✅ SK On Lithium Hydroxide Supply Agreement
On July 18, 2025, SK On signed a supply agreement with EcoPro Innovation for up to 6,000 tons of lithium hydroxide by the end of 2025, to be processed in Korea and used in U.S. battery plants.

✅ ISU Specialty Lithium Sulfide Project
On September 8, 2025, ISU Specialty announced the commencement of a $400 million lithium sulfide project in Yisu, South Korea, aiming to enhance battery capacity and driving range.

Europe - Industry Developments:

✅ Lyten Acquires Northvolt ESS Facility
On July 1, 2025, Lyten acquired Northvolt Dwa ESS, Europe's largest battery energy storage systems manufacturing facility in Gdansk, Poland, and plans to restart production and expand its product line.

✅ Rock Tech and Arcadium Lithium Merger
On February 19, 2025, Rock Tech Lithium and Arcadium Lithium announced a merger to create a fully integrated European lithium company, with Rock Tech holding a 75% stake.

Forecast Projection:

The Global Lithium Market is poised for significant growth between 2025 and 2032. In 2024, the market maintained a steady upward trajectory, and with strategic initiatives by leading players accelerating adoption, the market is expected to soar throughout the forecast period. Companies leveraging these trends are well-positioned to capture emerging opportunities and maximize revenue potential.

Market Intelligence Research Process:

The Lithium Market research report by DataM Intelligence combines primary and secondary data to deliver deep, actionable insights. It examines the full spectrum of factors shaping the industry, from government regulations and market conditions to competitive dynamics, historical trends, technological breakthroughs, upcoming innovations, and potential challenges. This comprehensive analysis not only highlights growth prospects but also identifies barriers, equipping businesses to navigate market volatility and capitalize on emerging opportunities.

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Key Segmentation:

By Type (Alloys, Metal, Chloride, Carbonate, Hydroxide, Concentrate)

By Application (Batteries, Lubricants, Automotive Parts, Aluminum Smelting & Alloys, Medical, Glass and Glass Ceramics, Air Treatment, Metallurgy, Polymers, Others)

By End User (Consumer Electronics, Electric Vehicles, Energy Storage, Industrial, Others)

By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)

Global Growth Regional Analysis:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Benefits of the Report:

Chapter 1 - Market Overview: Kickstarts the report with a comprehensive snapshot of the Lithium Market, summarizing key segments by region, product type, and application. Highlights include market size, segment growth potential, and short- & long-term industry outlook.

Chapter 2 - Emerging Trends: Uncovers the game-changing trends and high-impact innovations shaping the future of the industry.

Chapter 3 - Competitive Landscape: Offers a deep dive into market competition, detailing revenue shares, strategic initiatives, and recent mergers & acquisitions.

Chapter 4 - Top Player Profiles: Features detailed company profiles, covering revenue, profit margins, product lines, and major milestones for leading market players.

Chapters 5 & 6 - Regional & Country Analysis: Breaks down revenue performance across global regions, providing insights on market sizes, opportunities, and growth prospects worldwide.

Chapter 7 - Segmentation Analysis: Explores market segmentation by type, revealing high-potential categories and guiding businesses towards lucrative areas.

Chapter 8 - Application Insights: Examines downstream markets and identifies promising sectors for expansion, showing how different applications are driving growth.

Chapter 9 - Supply Chain Mapping: Maps the entire industry supply chain, highlighting upstream and downstream activities for a holistic market perspective.

Chapter 10 - Key Takeaways: Concludes with critical insights and actionable strategies, equipping stakeholders to make informed decisions and stay ahead in the market.

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FAQ's

Q1: What is the current size of the Lithium Market and its future potential?

A: The Lithium Market was valued at US$9.3 billion in 2023 and is projected to surge to US$38.8 billion by 2031

Q2: How fast is the Lithium Market expected to grow in the coming years?

A: The market is forecast to expand at a robust CAGR of 19.5% between 2024-2031, signaling strong global growth and investment potential.

Q3: Which regions are dominating the Lithium Market and which are fastest-growing?

A: Asia-Pacific has witnessed significant advancements in lithium battery technology.

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