Lithium Carbonate Market Revenue to Cross US$ 90.03 Billion by 2031, Fueled by EV and Energy Storage Boom with a CAGR of 19.9%

Market Summary -

The global market for Lithium Carbonate was estimated to be worth US$ 25.77 billion in 2024 and is forecast to a readjusted size of US$ 90.03 billion by 2031 with a CAGR of 19.9% during the forecast period 2025-2031.

According to QY Research, a new publication titled "Global Lithium Carbonate Market Share and Ranking, Overall Sales and Demand Forecast 2025-2031" provides an in-depth, data-driven analysis of the global Lithium Carbonate market to support informed decision-making and sustainable growth strategies. Authored by experienced market analysts and subject-matter experts, the report delivers accurate market data, validated insights, and actionable recommendations for industry participants. It evaluates historical performance alongside future forecasts to clearly explain competitive dynamics, key growth drivers, market challenges, and emerging opportunities. With detailed coverage of market dynamics, segmentation, leading companies, and regional trends, this comprehensive report serves as a reliable strategic resource for businesses looking to gain a competitive edge in the global Lithium Carbonate market.

Get Full PDF Sample Copy of the Report: (Including Full TOC, Tables & Charts): https://www.qyresearch.com/sample/5032518

The potential shifts in the 2025 U.S. tariff framework pose substantial volatility risks to global markets. This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Lithium Carbonate cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.

Lithium carbonate (Li2CO3) is an inorganic compound, typically a white crystalline or powdery solid, that is readily soluble in water. It is one of the most important basic chemical raw materials for lithium salts and possesses high thermal and chemical stability. In 2024, global Lithium Carbonate production reached approximately 822 K MT, with an average global market price of around US$ 31357 per MT.

The lithium carbonate market is driven by its role as a critical raw material in the global energy transition. Upstream, production comes primarily from two sources: hard rock lithium ores (such as spodumene, mainly in Australia) and brine deposits (notably in South America's "Lithium Triangle" of Chile, Argentina, and Bolivia, as well as in China). These resources are processed into lithium carbonate through chemical refining, with supply dynamics influenced by mining capacity, extraction technologies, and environmental regulations.

Downstream, lithium carbonate is indispensable for lithium-ion battery manufacturing, especially in cathode materials such as lithium iron phosphate (LFP) and nickel-manganese-cobalt (NMC) chemistries, which are widely used in electric vehicles and energy storage systems. Beyond batteries, it is also consumed in glass and ceramics for improved durability, in lubricants, polymers, and pharmaceuticals for specialty applications, and in aluminum production as a flux. The rapid growth of EV adoption and grid-scale storage has shifted demand heavily toward the battery sector, making it the dominant driver of the lithium carbonate market today. At present, the single-line production capacity of 4,000 tons/year has been gradually eliminated, and the production capacity of new production lines will be above 10,000-20,000 tons/year.

Major Company Included: -

Albemarle
FMC
Orocobre
Tianqi Lithium Industry
Ganfeng Lithium Industry
Ruifu Lithium Industry
Shengxin Lithium Energy
Salt Lake Industry
Yahua Industrial
Ronghuitong Lithium Industry
Zangge Mining
Zhicun Lithium Industry

Recent Developments -

The report highlights recent developments undertaken by key participants in the global Lithium Carbonate market, providing up-to-date insights into evolving industry trends. It covers major strategic initiatives by manufacturers, including mergers and acquisitions, joint ventures, collaborations, product innovations, new offerings, and ongoing research and development activities. By tracking these strategic moves, the study offers a clear understanding of how leading companies are strengthening their market positions and driving innovation. This focused analysis helps readers stay informed about critical advancements and emerging opportunities shaping the future of the global Lithium Carbonate market.

Market Drivers, Challenges & Restraints -

This section outlines the various elements influencing the trajectory of the Lithium Carbonate market:

Key Growth Drivers -

- Supportive policy frameworks and regulatory reforms
- Advancement in product innovation and technological breakthroughs
- Growing demand in emerging application areas
- Shift in global supply chain structures

Restraints & Challenges -

- Regulatory uncertainties
- Competitive pricing pressures
- Operational risks
- Market-entry barriers

Market Segmentation and Regional -

By Type

Industrial Grade Lithium Carbonate
Battery Grade Lithium Carbonate

By Application

Batteries
Glass and Ceramics
Medical
Lubricating Oil
Metallurgy
Other

The report provides valuable insights into the key segments of the global Lithium Carbonate market, with a strong focus on CAGR, market size, market share, and future growth potential. The market is comprehensively segmented by product type, application, and region, with each segment thoroughly analyzed to identify growth prospects, demand patterns, and emerging trends. This detailed segmental analysis plays a crucial role in uncovering high-growth and high-return opportunities across the market. By offering precise data on product- and application-level demand, the report enables businesses to prioritize profitable segments and develop targeted strategies within the global Lithium Carbonate market.

Regional Analysis -

✔ North America (U.S., Canada, China)
✔ Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
✔ Asia-Pacific (Japan, South Korea, China Taiwan, Southeast Asia, India)
✔ Middle East, Africa, Latin America (Brazil, Mexico, Turkey, Israel, GCC Countries)

Reasons to Procure this Report: -

►The research would help top administration/policymakers/professionals/product advancements/sales managers and stakeholders in this market in the following ways.

►The report provides Lithium Carbonate market revenues at the worldwide, regional, and country-level with a complete analysis to 2028 permitting companies to analyze their market share and analyze projections, and find new markets to aim.

►The research includes the Lithium Carbonate market split by different types, applications, technologies, and end-uses. This segmentation helps leaders plan their products and finances based on the upcoming development rates of each segment.

►Lithium Carbonate market analysis benefits investors by knowing the scope and position of the market giving them information on key drivers, challenges, restraints, and expansion chances of the market and moderate threats.

►This report would help to understand competition better with a detailed analysis and key strategies of their competitors and plan their position in the business.

►The study helps evaluate Lithium Carbonate business predictions by region, key countries, and top companies' information to channel their investments.

Key questions answered in the report include:

►This Lithium Carbonate report gives all the information about the industry analysis, revenue, and overview, of this market.

►What will be the rate of increase in Lithium Carbonate market size and growth rate by the end of the forecast period?

►What are the major global Lithium Carbonate market trends influencing the development of the market?

►What are the vital results of SWOT analysis of the major players operating in the Lithium Carbonate market?

►What are the potential growth opportunities and threats faced by Major competitors in the Lithium Carbonate market?

►What are the market opportunities and threats faced by vendors in the Global Lithium Carbonate market?

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Table of Contents - Major Key Points:

1. Study Coverage

2. Executive Summary

3. Research Methodology

4. Global Production Analysis

5. Value Chain and Supply-Chain Analysis

6. High Purity Manganese Sulphate (HPMSM) Market Dynamics

7. Competition by Manufacturers

8. High Purity Manganese Sulphate (HPMSM) Market Segmentation, By Type

9. High Purity Manganese Sulphate (HPMSM) Market Segmentation, By Application

10. Regional Analysis

11. Corporate Profile

12. Conclusion...

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