Lithium Metal Market worth $10.74 billion by 2030, growing at a CAGR of 15.75% - Exclusive Report by 360iResearch

The "Lithium Metal Market by Source (Lithium Ores, Salt Lake Brine), Purity (99% and Above, Below 99%), Application, End-use - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.

The Global Lithium Metal Market to grow from USD 3.85 billion in 2023 to USD 10.74 billion by 2030, at a CAGR of 15.75%.

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Lithium (Li) metal is a soft, silvery-white alkali metal, and it is the lightest metal and the lightest solid element under standard conditions. Lithium exhibits a luster due to its high reflectivity and is highly reactive and flammable. It must be handled cautiously due to its reactivity with water, as it releases hydrogen gas and forms lithium hydroxide. The lithium metal market pertains to the supply, demand, production, and applications of lithium in its metallic form. Lithium is a critical material used in various industries due to its high electrochemical potential and energy density, primarily in manufacturing batteries for electronic devices, electric vehicles (EVs), and energy storage systems. Increasing demand for electric vehicles worldwide, growing usage, and rising demand for lithium-ion batteries by portable consumer electronics are driving market growth. Growing utilization of lithium-ion-based energy storage systems (ESS) for renewable energy generation projects fuels market growth. Supply chain complexities due to geopolitical factors, fluctuating global commodity prices, and environmental concerns related to mining methods and product safety concerns are restricting market growth. Moreover, the development of new extraction techniques for lithium and the commercialization of solid-state batteries are expected to create opportunities for market expansion.

The Americas is characterized by significant lithium reserves, notably in countries such as Chile, Argentina, and Bolivia, which are a part of the lithium triangle known for the high concentration of lithium brine deposits. The United States holds substantial spodumene reserves and actively explores lithium recycling technologies to secure its supply chain. Technological advancements and supportive policies, particularly in North America, are expected to drive the growth of the lithium market. The Asia-Pacific (APAC) region, spearheaded by China and Australia, is a major contributor, with the presence of various reserves and enhanced production capabilities. Australia is the largest lithium producer, primarily originating from hard rock mining (spodumene, a lithium bearing mineral). In addition, China excels in refining and chemical production, holding a significant portion of the global lithium processing facilities. EMEA presents a diversified landscape, with significant efforts from Europe to localize the lithium supply chain to support its rapidly growing electric vehicle (EV) industry. Initiatives, including the European Battery Alliance and investment in lithium extraction projects, aim to reduce dependency on imports. Africa, particularly the Democratic Republic of Congo and Zimbabwe, holds extensive untapped lithium resources; however, the lack of infrastructure is a major concern.

Market Segmentation & Coverage:

This research report categorizes the Lithium Metal Market in order to forecast the revenues and analyze trends in each of following sub-markets:

Based on Source, market is studied across Lithium Ores and Salt Lake Brine. The Lithium Ores commanded largest market share of 91.50% in 2023, followed by Salt Lake Brine.

Based on Purity, market is studied across 99% and Above and Below 99%. The 99% and Above commanded largest market share of 64.92% in 2023, followed by Below 99%.

Based on Application, market is studied across Alloy, Intermediates, and Lithium-ion Anode. The Lithium-ion Anode commanded largest market share of 56.82% in 2023, followed by Intermediates.

Based on End-use, market is studied across Batteries, Metals & Ceramics Processing, and Pharmaceuticals & Drugs. The Batteries commanded largest market share of 62.29% in 2023, followed by Metals & Ceramics Processing.

Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, Nevada, New York, North Carolina, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 35.23% in 2023, followed by Asia-Pacific.

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FPNV Positioning Matrix:

The FPNV Positioning Matrix is essential for assessing the Lithium Metal Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).

Market Share Analysis:

The Market Share Analysis offers an insightful look at the current state of vendors in the Lithium Metal Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.

Key Company Profiles:

The report delves into recent significant developments in the Lithium Metal Market, highlighting leading vendors and their innovative profiles. These include Albemarle Corporation, Allkem Limited, American Lithium Corp., Armada Metals Limited, Avalon Advanced Materials Inc., Bacanora Lithium PLC, Belmont Metals Inc., China Energy Lithium Co., Ltd., China Lithium Products Technology Co., Ltd., CNNC Jianzhong Nuclear Fuel Co., Ltd., Critical Elements Lithium Corporation, Critical Metals Corp., Desert Metals Limited, European Metals Holdings Limited, Ganfeng Lithium Group Co., Ltd., Imerys S.A., Lithium Power International Limited, Livent Corporation, LOHUM Cleantech Private Limited, Metal Hawk Limited, Mineral Resources Limited, Morella Corporation Limited, Nemaska Lithium, Neometals Ltd., Noah Chemicals, Inc., Piedmont Lithium Inc., Pilbara Minerals Limited, Rio Tinto PLC, Sayona Mining Limited, Shenzhen Chengxin Lithium Group Co., Ltd., Sigma Lithium Corporation, Sociedad Quimica y Minera de Chile S.A., TechMet Limited, and Tianqi Lithium Holdings Pty Ltd..

Key Topics Covered:

1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. Lithium Metal Market, by Source
7. Lithium Metal Market, by Purity
8. Lithium Metal Market, by Application
9. Lithium Metal Market, by End-use
10. Americas Lithium Metal Market
11. Asia-Pacific Lithium Metal Market
12. Europe, Middle East & Africa Lithium Metal Market
13. Competitive Landscape
14. Competitive Portfolio

The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:
1. What is the market size and forecast of the Lithium Metal Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the Lithium Metal Market?
3. What is the competitive strategic window for opportunities in the Lithium Metal Market?
4. What are the technology trends and regulatory frameworks in the Lithium Metal Market?
5. What is the market share of the leading vendors in the Lithium Metal Market?
6. What modes and strategic moves are considered suitable for entering the Lithium Metal Market?

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