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United States Battery Grade Lithium Compounds Market: 22.7% CAGR & The EV Gigafactory Engine By 2024-2031 | Major Companies - Albemarle Corporation, SQM, Ganfeng Lithium Group Co., Ltd, Tianqi Lithium Industry Co., Ltd, Livent Corporation orocobre Limited

11-25-2025 07:11 AM CET | Chemicals & Materials

Press release from: DataM Intelligence 4 Market Research LLP

Battery Grade Lithium Compounds Market

Battery Grade Lithium Compounds Market

Global Battery Grade Lithium Compounds Market reached US$ 5.6 billion in 2023 and is expected to reach US$ 28.6 billion by 2031, growing with a CAGR of 22.7% during the forecast period 2024-2031.

DataM Intelligence has published a new research report on "Battery Grade Lithium Compounds Market Size 2025". The report explores comprehensive and insightful Information about various key factors like Regional Growth, Segmentation, CAGR, Business Revenue Status of Top Key Players and Drivers. The purpose of this report is to provide a telescopic view of the current market size by value and volume, opportunities, and development status.

Get a Sample PDF Of This Report (Get Higher Priority for Corporate Email ID):- https://www.datamintelligence.com/download-sample/battery-grade-lithium-compounds-market?ca

Latest M&A Activity:

Lithium hydroxide demand is increasing faster than lithium carbonate, favored in high-nickel cathode battery chemistries used in next-generation EV batteries due to better performance and energy density.​

Leading producers such as Albemarle, SQM, Ganfeng Lithium, Tianqi Lithium, and Rio Tinto are expanding capacity through large-scale investments and strategic M&A to secure raw material supply and processing capabilities.​

Notably, Rio Tinto completed its $6.7 billion acquisition of Arcadium Lithium in early 2025, bolstering its lithium chemicals footprint with key assets in Argentina, Australia, Canada, and the US, including regulatory approvals across multiple jurisdictions.​

E3 Lithium announced successful battery-grade lithium carbonate production with high purity (99.7%) in Q3 2025 and is advancing phase 1 operations of its demonstration facility, progressing toward offtake agreements.​

In the US, a leading battery materials producer inaugurated a large lithium hydroxide refining facility in Texas in 2025 to support domestic EV supply chains and reduce import dependence, while multi-year procurement agreements were signed between US EV manufacturers and lithium suppliers.​

Investment flows remain strong, with key players partnering, acquiring smaller producers, and increasing capacity to meet surging EV and renewable energy storage demand.​

No FDA approvals are applicable, as this market pertains primarily to materials for battery manufacturing rather than medical or pharmaceutical products.​

Key Development:

USA:

June 2025: Gradiant's alkaLi unit secured a long-term offtake deal to supply up to 5,000 tonnes/year of battery-grade lithium carbonate from its Pennsylvania facility, expanding domestic supply capacity.

January 2025: Standard Lithium and Equinor received a USD 225 million U.S. Department of Energy grant for lithium-brine Direct Lithium Extraction in Arkansas, boosting sustainable lithium production.

October 2025: The U.S. market reached an estimated 14 million tons in 2025, dominated by lithium carbonate (42% share) and lithium hydroxide (28%), fueled by EV battery demand.

Increasing high-nickel cathode battery adoption drives lithium hydroxide demand for advanced EVs.

Investments target clean, efficient extraction, refining, and supply chain resilience to reduce import dependency.

Japan:

Japan focuses on refining and recycling technologies to secure stable battery-grade lithium hydroxide supplies for EV production growth.

Collaborative efforts between automakers and suppliers aim to enhance lithium hydroxide supply security.

Initiatives promote lithium-ion battery recycling aligned with circular economy principles.

Key Players:

Albemarle Corporation, SQM, Ganfeng Lithium Group Co., Ltd, Tianqi Lithium Industry Co., Ltd, Livent Corporation orocobre Limited, Piedmont Lithium Inc., Neometals Ltd, Neo Lithium Corporation and Yibin Tianyi Lithium Industry Co., Ltd.

Growth Forecast Projected:

The Global Battery Grade Lithium Compounds Market is anticipated to rise at a considerable rate during the forecast period, between 2025 and 2032. In 2024, the market is growing at a steady rate, and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.

Research Process:

Both primary and secondary data sources have been used in the global battery grade lithium compounds market research report. During the research process, a wide range of industry-affecting factors are examined, including governmental regulations, market conditions, competitive levels, historical data, market situation, technological advancements, upcoming developments, in related businesses, as well as market volatility, prospects, potential barriers, and challenges.

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Key Segments:

➥ By Type: Lithium Carbonate, Lithium Hydroxide, Lithium Concentrate, Lithium Metal, Butyl Lithium, Lithium Chloride, Lithium Bromide, Lithium Iodide, Lithium Oxide, Others Nitride, Others

➥ By Battery Technology: Cathode Material, Anode Material, Electrolyte

➥ By Application: Li-ion Batteries, Cement & Concrete, Metallurgy, Lubricants, Glass & Ceramics, Polymers, Specialty Inorganics, Medicines, Others

➥ By End-User: Aerospace & Defense, Automotive, Oil & Gas, Energy, Building, Chemical Processing, Others

Regional Analysis for Market:

⇥ 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: Sets the stage by outlining the report's coverage, summarizing key market segments by region, product type, and application. Presents a snapshot of market sizes, growth potential across segments, and anticipated industry evolution both short and long term.

Chapter 2: Highlights pivotal market insights and uncovers the most significant emerging trends driving change within the industry.

Chapter 3: Offers an in-depth look at the competitive landscape among battery-grade-lithium-compounds producers, including revenue shares, strategic moves, and recent mergers and acquisitions.

Chapter 4: Presents comprehensive profiles of the market's key players, delving into details such as revenue, profit margins, product portfolios, and company milestones.

Chapters 5 & 6: Analyze battery grade lithium compounds revenue at both regional and country levels, providing quantitative breakdowns of market sizes, growth opportunities, and development prospects worldwide.

Chapter 7: Focuses on different market segments by type, examining their individual sizes and potential, guiding readers toward high-impact, untapped market areas.

Chapter 8: Explores segmentation by application, evaluating industry growth potential in various downstream markets and pinpointing promising sectors for expansion.

Chapter 9: Provides a thorough review of the industry's supply chain mapping out both upstream and downstream activities.

Chapter 10: Concludes with a summary of the report's key findings and highlights the most critical takeaways for industry stakeholders.

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FAQ's

Q1: What is the current size of the Battery Grade Lithium Compounds Market?

A: The Battery Grade Lithium Compounds Market stood at US$ 5.6 billion in 2023 and is set to experience remarkable growth, reaching US$ 28.6 billion by 2031.

Q2: How fast is the Battery Grade Lithium Compounds Market growing?

A: The Market is on an impressive growth trajectory, expected to expand at a CAGR of 22.7% from 2024 to 2031

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Contact Us -

Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -

DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

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