Lithium Metal Market

Report Code MM 8673
Published in Jun, 2023, By MarketsandMarkets™
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Lithium Metal Market by Source(Salt Lake brine, Lithium Ores), Application(Lithium-ion anode material, Alloy, Intermediate), End-Use Industry(Batteries, Metal Processing, Pharmaceuticals), & Region(APAC, North America, Europe, RoW) - Global Forecast to 2028

Overview

The lithium metal market is projected to grow from USD 2.5 billion in 2023 to USD 6.4 billion by 2028, at a CAGR of 20.4% from 2023 to 2028. The lithium metal market has observed stable growth throughout the study period and is expected to continue with the same trend during the forecast period. Lithium metal is used in various industrial applications, including aerospace and defense. The aerospace industry, in particular, requires lightweight and high-performance batteries, making lithium metal an attractive choice, thus enhancing the demand for lithium metal.

Attractive Opportunities in the Lithium Metal Market

Asia Pacific

The market growth in Asia Pacific can be attributed to the presence of numerous companies consuming lithium metal for use in lithium-ion anode, metal making, pharmaceutical, and other diverse applications.

The growth of this market can be attributed to the growing usage of primary lithium metal batteries used in various types of electronic devices.

Major players are expanding their reach through expansions, new product developments, agreements, and acquisitions.

The Asia Pacific lithium metal market is expected to be worth USD 5.0 billion by 2028, growing at a CAGR of 20.4% during the forecast period.

The lithium metal market is expected to witness considerable growth during the forecast period due to increasing demand for lithium metal batteries.

Global Lithium Metal Market Dynamics

Driver: Growing demand for lithium metal in lithium batteries

Lithium metal is an essential component of lithium-ion batteries and solid-state batteries, as it is used to create the anode or negative electrode of the battery. Lithium metal has a very high energy density and can store a lot of energy in a small volume and allows for longer run times. Lithium metal batteries currently use graphite as the anode material, which has a limited capacity for storing lithium ions. Lithium metal has 10 times the specific capacity for storing lithium ions as compared to graphite battery. Furthermore, consumer electronics like watches, toys, and remote controls mainly use lithium metal batteries where lithium metal is used as an anode material. Thus, the increasing demand for lithium metal batteries is expected to enhance the market for lithium metal during the forecast period.

Restraint: Concentration of lithium deposits in a few countries can create supply chain issues

The occurrence of lithium minerals is concentrated in a few countries, such as Chile, Argentina, and Australia, which have large deposits of lithium ore. This concentration poses a potential risk to the global supply chain of lithium, impacting the availability and pricing of lithium metal. The reliance on a few countries for lithium production increases vulnerability to geopolitical tensions, trade disruptions, and regulatory changes. Any disruptions in these countries' production or export capabilities can lead to supply shortages and market volatility. Thus, the complex and challenging supply chain for lithium metal can make it difficult for manufacturers of lithium metal batteries or other end-users to ensure a stable and reliable supply of this critical material.

 

Opportunity: Adoption of lithium metal in manufacturing alloys for high end industry

Lithium metal is a lightweight, high-energy density, and highly reactive metal, and it can be alloyed with other metals to improve their properties. When lithium is combined with aluminum or magnesium, it forms lightweight alloys that have high strength-to-weight ratios and unique properties that make it ideal for use in body structures, particularly in applications where weight and volume are critical factors. The addition of lithium to aluminum increases its strength and stiffness, while also reducing its density. This makes aluminum-lithium alloys ideal for aircraft and drone structures, as they provide improved fuel efficiency, greater payload capacity, and better performance. Thus, the use of lithium metal in alloy making is expected to propel the lithium metal market.

Challenge: Safety issues related to the production of lithium metal

Producing high-quality lithium metal requires specialized equipment and expertise, which can be costly and difficult to acquire. Lithium metal is highly reactive and can pose a risk of fire or explosion if not handled properly. Lithium is highly reactive and can react violently with water and air, leading to fire or explosion risks. Additionally, the handling and storage of lithium metal require strict safety protocols due to its flammability and potential for thermal runaway. The production facilities must adhere to stringent safety measures to prevent accidents and ensure worker safety. Such factors can make it challenging and expensive to produce lithium metal at scale and can limit its market growth.

Global Lithium Metal Market Ecosystem Analysis

 

Prominent companies in this market include well-established, financially stable manufacturers of lithium metal. These companies have been operating in the market for several years and possess a diversified product portfolio and strong global sales and marketing networks. Prominent companies in this market include Ganfeng Lithium Co., Ltd. (China), Tianqui Lithium Industries Inc. (China), Shenzhen Chengxin Lithium Group Co., Ltd. (Chiba), Albemarle Corporation (US), Livent Corporation (US).

Based on the source, the salt lake brine segment is projected to grow significantly during the forecast period.

Based on the source, salt lake brine segment accounts for the highest share. Extracting lithium from salt lake brines can be cost-effective compared to other methods such as hard rock mining. Brine extraction involves pumping the brine into evaporation ponds, where solar energy facilitates the concentration of lithium. This process is generally less expensive than extracting lithium from hard rock minerals. Also, Salt lake brine extraction has a relatively lower environmental impact compared lithium ores. It typically requires minimal excavation and avoids the need for extensive mining operations, reducing habitat disruption and landscape alteration. Such factors are expected to enhance the market for the segment during the forecast period.

Based on application, the lithium-ion anode material segment accounts for the largest share of the overall market.

Based on application, the lithium-ion anode material segment accounts for the highest share. Lithium metal has a highly negative electrochemical potential, which allows for a higher cell voltage and energy output. This enables batteries with lithium metal anodes to deliver higher voltage and power, resulting in improved performance in terms of power density and charging rates. Moreover, researchers and companies are actively exploring various strategies to address the challenges related to the stability and safety of lithium-metal batteries. Thus all these factors are expected to increase the usage of lithium metal in anode making, enhancing the market for lithium metal.

Asia Pacific is expected to account for the largest share of the global market during the forecast period.

Based on the region, Asia Pacific accounts for the largest share. The Asia Pacific region is home to significant lithium resources, including lithium brine deposits and hard rock lithium mines. Countries such as Australia and China have abundant lithium reserves and production capacities. This access to local lithium resources reduces dependence on imports and supports the growth of lithium metal battery manufacturing in the region. This has increased the usage of lithium metal batteries in the major countries of this region which is driving the market for lithium metal. China, South Korea, and Japan hold a significant share of the Asia-Pacific lithium metal market. Different nations are also creating a demand for lithium metal in various applications, including aerospace and defense.

HIGHEST CAGR MARKET IN 2023
CHINA FASTEST GROWING MARKET IN THE REGION

Recent Developments of Lithium Metal Market

  • In January 2024, Nammo AS received USD 95 million from the Norwegian government to boost its production. Nammo will use the funding largely on its 155mm artillery ammunition.
  • In December 2023, Rheinmetall has been commissioned to supply several tens of thousands of shells of various types for the Ukrainian armed forces. Delivery is scheduled for 2025. The contract is valued at USD 1.3 billion.
  • In November 2023, the UK Ministry of Defence (MOD) has placed a new USD 21 million order with BAE Systems to supply additional small arms munitions over the next two years.
  • In November 2023, Rheinmetall has received an order from the German government to supply Ukraine with around 100,000 rounds of 120mm mortar ammunition. The order, worth a figure in the lower-three-digit million-euro range, forms part of a recent USD 433 million military aid package for the Ukrainian armed forces. Delivery is due to begin shortly and extend over the next two years.

Key Market Players

KEY PLAYERS IN THE LITHIUM METAL MARKET INCLUDE

  • Key Market Players
  • Ganfeng Lithium Co., Ltd. (China)
  • Tianqui Lithium Industries Inc. (China)
  • Shenzhen Chengxin Lithium Group Co. Ltd. (China)
  • Albemarle Corporation (US)
  • Livent Corporation (US)
  • Shanghai China Lithium Industrial Co., Ltd. (China)
  • China Energy Lithium Co., Ltd. (China)
  • Cnnc Jianzhong Nuclear Fuel Co., Ltd. (China)
  • Otto Chemie Pvt. Ltd (India)
  • Cmp (Russia)
  • Li-Metal Corp. (Canada)
  • Pure Lithium (US)
  • American Elements (US)
  • Oxford Lab Fine Chem Llp (India)
  • The Honjo Chemical Corporation Japan)
  • Alpha-En Corporation (US)
  • Spectrum Chemical (Canada)

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Scope of the Report

Report Metric Details
Market Size Available for Years 2019 to 2028
Base Year Considered 2022
Forecast period 2023-2028
Forecast units Value (USD Billion), Volume (ton)
Segments covered Source, Application, End-Use, and Region
Geographies covered Asia Pacific, North America, Europe, and Rest of the World

Key Questions Addressed by the Report

What is the key driver and opportunity for the lithium metal market?
Growing demand for lithium metal in lithium batteries and the adoption of lithium metal in manufacturing alloys for high end industry is the primary driver and opportunity.
Which region is expected to hold the highest market share in the lithium metal market?
The lithium metal market in Asia Pacific is expected to dominate the market share in 2028, showcasing strong demand from major applications such as lithium-ion anode material and metal processing.
What are the major applications of lithium metal?
Lithium-ion anode material and metal processing are the major applications of lithium metal.
Who are the major manufacturers of lithium metal?
The key manufacturers operating in the market include Ganfeng Lithium Co., Ltd. (China), Tianqui Lithium Industries Inc. (China), Shenzhen Chengxin Lithium Group Co., Ltd. (Chiba), Albemarle Corporation (US), Livent Corporation (US).
What is the total CAGR expected for the lithium metal market from 2023 to 2028?
The market is expected to record a CAGR of 20.4% from 2023-2028

 

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Table of Contents

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TITLE
PAGE NO
INTRODUCTION
20
RESEARCH METHODOLOGY
24
EXECUTIVE SUMMARY
34
PREMIUM INSIGHTS
37
MARKET OVERVIEW
40
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Growing demand for lithium metal in batteries
    - Government initiatives to boost lithium production
    RESTRAINTS
    - Concentration of lithium deposits to disrupt supply chain
    - Commercialization of alternate substitutes and technologies
    OPPORTUNITIES
    - Application of lithium metal in pharmaceutical intermediates
    - Use of lithium alloys in high-end industries
    CHALLENGES
    - Risk of fire or explosion
    - Extraction of raw material to pose environmental threat
  • 5.3 VALUE CHAIN ANALYSIS
    RAW MATERIAL ACQUISITION
    PROCESSING AND REFINING
    MANUFACTURING AND PRODUCTION
    DISTRIBUTION AND SALES
    END-USE INDUSTRIES
    RECYCLING
  • 5.4 ECOSYSTEM MAPPING
  • 5.5 PORTER’S FIVE FORCES ANALYSIS
    BARGAINING POWER OF SUPPLIERS
    THREAT OF NEW ENTRANTS
    THREAT OF SUBSTITUTES
    BARGAINING POWER OF BUYERS
    INTENSITY OF COMPETITIVE RIVALRY
  • 5.6 TARIFF AND REGULATORY LANDSCAPE
    REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
    MARKET REGULATIONS AND STANDARDS
  • 5.7 TECHNOLOGY ANALYSIS
  • 5.8 PATENT ANALYSIS
    METHODOLOGY
    PUBLICATION TRENDS
    INSIGHTS
    JURISDICTION ANALYSIS
    TOP APPLICANTS
  • 5.9 IMPORT–EXPORT SCENARIO
  • 5.10 CASE STUDY ANALYSIS
    HIGH ENERGY OF 3D LITHIUM METAL ANODE
    ENHANCED PERFORMANCE AND SUSTAINABILITY OF LITHIUM-ION BATTERIES BY LIOVIX
  • 5.11 KEY CONFERENCES AND EVENTS, 2023–2024
  • 5.12 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
  • 5.13 PRICING ANALYSIS
    AVERAGE SELLING PRICE, BY REGION
LITHIUM METAL MARKET, BY END-USE INDUSTRY
67
  • 6.1 INTRODUCTION
  • 6.2 BATTERIES
    APPLICATION IN REMOTE SENSING DEVICES
  • 6.3 METAL PROCESSING
    DEMAND FOR LITHIUM METAL IN AEROSPACE SECTOR
  • 6.4 PHARMACEUTICAL
    USED AS INTERMEDIATE IN ORGANOLITHIUM COMPOUNDS
  • 6.5 OTHER END-USE INDUSTRIES
LITHIUM METAL MARKET, BY SOURCE
69
  • 7.1 INTRODUCTION
  • 7.2 SALT LAKE BRINE
    COST-EFFECTIVE AND ECO-FRIENDLY
  • 7.3 LITHIUM ORE
    HIGH REACTIVITY WITH OIL AND WATER
LITHIUM METAL MARKET, BY APPLICATION
74
  • 8.1 INTRODUCTION
  • 8.2 LITHIUM-ION ANODE MATERIAL
    USED IN SOLID-STATE AND LITHIUM-METAL BATTERIES
  • 8.3 ALLOY
    USED IN AIRCRAFT AND FUEL TANKS
  • 8.4 INTERMEDIATE
    WIDE APPLICATION IN PHARMACEUTICALS
  • 8.5 OTHER APPLICATIONS
LITHIUM METAL MARKET, BY REGION
82
  • 9.1 INTRODUCTION
  • 9.2 ASIA PACIFIC
    RECESSION IMPACT ON ASIA PACIFIC
    CHINA
    - Next-generation batteries to fuel demand for lithium metal
    JAPAN
    - Increased demand for lithium metal batteries to drive market
    AUSTRALIA
    - Economic growth and domestic production of lithium metal to propel market
    SOUTH KOREA
    - Presence of major electronics companies to drive market
    REST OF ASIA PACIFIC
  • 9.3 NORTH AMERICA
    RECESSION IMPACT ON NORTH AMERICA
    US
    - Presence of abundant lithium reserves to drive market
    CANADA
    - Growth of electronics sector to propel market
    MEXICO
    - Demand for portable electronic devices to boost market
  • 9.4 EUROPE
    RECESSION IMPACT ON EUROPE
    HUNGARY
    - Investments in lithium extraction technologies to fuel market
    UK
    - Growth of consumer electronics industry to drive market
    SWEDEN
    - Emergence of local manufacturers to surge demand for lithium metal
    GERMANY
    - Investments in lithium battery manufacturing to propel market
    POLAND
    - Industrial collaborations to boost market
    REST OF EUROPE
  • 9.5 REST OF THE WORLD
    RECESSION IMPACT ON REST OF THE WORLD
    MIDDLE EAST & AFRICA
    - Government initiatives and rising disposable income to drive market
    SOUTH AMERICA
    - Large lithium reserves and foreign investments to boost market
COMPETITIVE LANDSCAPE
123
  • 10.1 INTRODUCTION
  • 10.2 STRATEGIES ADOPTED BY KEY MARKET PLAYERS
  • 10.3 MARKET SHARE ANALYSIS
    RANKING OF KEY MARKET PLAYERS
    MARKET SHARE OF KEY PLAYERS
    REVENUE ANALYSIS OF TOP PLAYERS IN LITHIUM METAL MARKET
  • 10.4 COMPANY FOOTPRINT
  • 10.5 COMPANY EVALUATION QUADRANT, 2022
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
  • 10.6 STARTUP/SME EVALUATION QUADRANT, 2022
    PROGRESSIVE COMPANIES
    DYNAMIC COMPANIES
    RESPONSIVE COMPANIES
    STARTING BLOCKS
  • 10.7 COMPETITIVE BENCHMARKING
  • 10.8 COMPETITIVE SCENARIO
COMPANY PROFILES
139
  • 11.1 KEY PLAYERS
    ALBEMARLE CORPORATION
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    LIVENT
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    TIANQI LITHIUM CO., LTD.
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    GANFENG LITHIUM GROUP CO., LTD.
    - Business overview
    - Products offered
    - Recent developments
    - MnM view
    SHENZHEN CHENGXIN LITHIUM GROUP CO., LTD.
    - Business overview
    - Products offered
    CHINA LITHIUM PRODUCTS TECHNOLOGY CO., LTD.
    - Business overview
    - Products offered
  • 11.2 OTHER PLAYERS
    SHANGHAI CHINA LITHIUM INDUSTRIAL CO., LTD.
    - Business overview
    - Products offered
    CHINA ENERGY LITHIUM CO., LTD.
    - Business overview
    - Products offered
    CNNC JIANZHONG NUCLEAR FUEL CO., LTD.
    - Business overview
    - Products offered
    SHANDONG RUIFU LITHIUM INDUSTRY CO., LTD.
    - Business overview
    - Products offered
    OTTO CHEMIE PVT. LTD.
    - Business overview
    - Products offered
    CMP
    - Business overview
    - Products offered
    LI-METAL CORP.
    - Business overview
    - Products offered
    - Recent developments
    PURE LITHIUM
    - Business overview
    - Products offered
    AMERICAN ELEMENTS
    - Business overview
    - Products offered
    OXFORD LAB FINE CHEM LLP
    - Business overview
    - Products offered
    THE HONJO CHEMICAL CORPORATION
    - Business overview
    - Products offered
    ALPHA-EN CORPORATION
    - Business overview
    - Products offered
    SPECTRUM CHEMICAL
    - Business overview
    - Products offered
ADJACENT AND RELATED MARKETS
167
  • 12.1 INTRODUCTION
  • 12.2 LIMITATIONS
  • 12.3 CYCLOPENTANE INTERCONNECTED MARKETS
    LITHIUM COMPOUNDS MARKET
    - Market definition
    - Market overview
    - Lithium compounds market, by end-use industry
    LITHIUM-ION BATTERY MARKET
    - Market definition
    - Market overview
    - Lithium-ion battery market, by capacity
APPENDIX
175
  • 13.1 DISCUSSION GUIDE
  • 13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 13.3 CUSTOMIZATION OPTIONS
  • 13.4 RELATED REPORTS
  • 13.5 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 LITHIUM METAL MARKET: INCLUSIONS AND EXCLUSIONS
  • TABLE 2 LITHIUM METAL MARKET SNAPSHOT: 2023 VS. 2028
  • TABLE 3 LITHIUM METAL MARKET: ROLE IN ECOSYSTEM
  • TABLE 4 IMPACT OF PORTER’S FIVE FORCES ON LITHIUM METAL MARKET
  • TABLE 5 NORTH AMERICA: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 6 EUROPE: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 7 ASIA PACIFIC: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 8 REST OF THE WORLD: REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
  • TABLE 9 REGULATIONS AND STANDARDS FOR LITHIUM METAL AND LITHIUM METAL BATTERIES
  • TABLE 10 LITHIUM METAL MARKET: PATENT ANALYSIS
  • TABLE 11 RECENT PATENTS BY SUMITOMO METAL MINING CO., LTD.
  • TABLE 12 RECENT PATENTS BY LG CHEM
  • TABLE 13 RECENT PATENTS BY CENTRAL SOUTH UNIVERSITY
  • TABLE 14 IMPORT DATA FOR LITHIUM CARBONATE
  • TABLE 15 EXPORT DATA FOR LITHIUM CARBONATE
  • TABLE 16 IMPORT DATA FOR LITHIUM OXIDE AND HYDROXIDE
  • TABLE 17 EXPORT DATA FOR LITHIUM OXIDE AND HYDROXIDE
  • TABLE 18 LITHIUM METAL MARKET: KEY CONFERENCES AND EVENTS (2023–2024)
  • TABLE 19 IMPACT ON BUYING PROCESS FOR TOP THREE END USERS (%)
  • TABLE 20 BUYING CRITERIA FOR TOP THREE END USERS
  • TABLE 21 LITHIUM METAL MARKET, BY SOURCE, 2019–2022 (TONS)
  • TABLE 22 LITHIUM METAL MARKET, BY SOURCE, 2023–2028 (TONS)
  • TABLE 23 LITHIUM METAL MARKET, BY SOURCE, 2019–2022 (USD MILLION)
  • TABLE 24 LITHIUM METAL MARKET, BY SOURCE, 2023–2028 (USD MILLION)
  • TABLE 25 SALT LAKE BRINE: LITHIUM METAL MARKET, BY REGION, 2019–2022 (TONS)
  • TABLE 26 SALT LAKE BRINE: LITHIUM METAL MARKET, BY REGION, 2023–2028 (TONS)
  • TABLE 27 SALT LAKE BRINE: LITHIUM METAL MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 28 SALT LAKE BRINE: LITHIUM METAL MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 29 LITHIUM ORE: LITHIUM METAL MARKET, BY REGION, 2019–2022 (TONS)
  • TABLE 30 LITHIUM ORE: LITHIUM METAL MARKET, BY REGION, 2023–2028 (TONS)
  • TABLE 31 LITHIUM ORE: LITHIUM METAL MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 32 LITHIUM ORE: LITHIUM METAL MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 33 LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)
  • TABLE 34 LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)
  • TABLE 35 LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 36 LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 37 LITHIUM-ION ANODE MATERIAL: LITHIUM METAL MARKET, BY REGION, 2019–2022 (TONS)
  • TABLE 38 LITHIUM-ION ANODE MATERIAL: LITHIUM METAL MARKET, BY REGION, 2023–2028 (TONS)
  • TABLE 39 LITHIUM-ION ANODE MATERIAL: LITHIUM METAL MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 40 LITHIUM-ION ANODE MATERIAL: LITHIUM METAL MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 41 ALLOY: LITHIUM METAL MARKET, BY REGION, 2019–2022 (TONS)
  • TABLE 42 ALLOY: LITHIUM METAL MARKET, BY REGION, 2023–2028 (TONS)
  • TABLE 43 ALLOY: LITHIUM METAL MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 44 ALLOY: LITHIUM METAL MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 45 INTERMEDIATE: LITHIUM METAL MARKET, BY REGION, 2019–2022 (TONS)
  • TABLE 46 INTERMEDIATE: LITHIUM METAL MARKET, BY REGION, 2023–2028 (TONS)
  • TABLE 47 INTERMEDIATE: LITHIUM METAL MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 48 INTERMEDIATE: LITHIUM METAL MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 49 OTHER APPLICATIONS: LITHIUM METAL MARKET, BY REGION, 2019–2022 (TONS)
  • TABLE 50 OTHER APPLICATIONS: LITHIUM METAL MARKET, BY REGION, 2023–2028 (TONS)
  • TABLE 51 OTHER APPLICATIONS: LITHIUM METAL MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 52 OTHER APPLICATIONS: LITHIUM METAL MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 53 LITHIUM METAL MARKET, BY REGION, 2019–2022 (TONS)
  • TABLE 54 LITHIUM METAL MARKET, BY REGION, 2023–2028 (TONS)
  • TABLE 55 LITHIUM METAL MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 56 LITHIUM METAL MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 57 ASIA PACIFIC: LITHIUM METAL MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 58 ASIA PACIFIC: LITHIUM METAL MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 59 ASIA PACIFIC: LITHIUM METAL MARKET, BY COUNTRY, 2019–2022 (TONS)
  • TABLE 60 ASIA PACIFIC: LITHIUM METAL MARKET, BY COUNTRY, 2023–2028 (TONS)
  • TABLE 61 ASIA PACIFIC: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 62 ASIA PACIFIC: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 63 ASIA PACIFIC: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)
  • TABLE 64 ASIA PACIFIC: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)
  • TABLE 65 ASIA PACIFIC: LITHIUM METAL MARKET, BY SOURCE, 2019–2022 (USD MILLION)
  • TABLE 66 ASIA PACIFIC: LITHIUM METAL MARKET, BY SOURCE, 2023–2028 (USD MILLION)
  • TABLE 67 ASIA PACIFIC: LITHIUM METAL MARKET, BY SOURCE, 2019–2022 (TONS)
  • TABLE 68 ASIA PACIFIC: LITHIUM METAL MARKET, BY SOURCE, 2023–2028 (TONS)
  • TABLE 69 CHINA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 70 CHINA: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 71 CHINA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)
  • TABLE 72 CHINA: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)
  • TABLE 73 JAPAN: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 74 JAPAN: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 75 JAPAN: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)
  • TABLE 76 JAPAN: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)
  • TABLE 77 AUSTRALIA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 78 AUSTRALIA: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 79 AUSTRALIA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)
  • TABLE 80 AUSTRALIA: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)
  • TABLE 81 SOUTH KOREA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 82 SOUTH KOREA: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 83 SOUTH KOREA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)
  • TABLE 84 SOUTH KOREA: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)
  • TABLE 85 REST OF ASIA PACIFIC: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 86 REST OF ASIA PACIFIC: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 87 REST OF ASIA PACIFIC: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)
  • TABLE 88 REST OF ASIA PACIFIC: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)
  • TABLE 89 NORTH AMERICA: LITHIUM METAL MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 90 NORTH AMERICA: LITHIUM METAL MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 91 NORTH AMERICA: LITHIUM METAL MARKET, BY COUNTRY, 2019–2022 (TONS)
  • TABLE 92 NORTH AMERICA: LITHIUM METAL MARKET, BY COUNTRY, 2023–2028 (TONS)
  • TABLE 93 NORTH AMERICA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 94 NORTH AMERICA: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 95 NORTH AMERICA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)
  • TABLE 96 NORTH AMERICA: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)
  • TABLE 97 NORTH AMERICA: LITHIUM METAL MARKET, BY SOURCE, 2019–2022 (USD MILLION)
  • TABLE 98 NORTH AMERICA: LITHIUM METAL MARKET, BY SOURCE, 2023–2028 (USD MILLION)
  • TABLE 99 NORTH AMERICA: LITHIUM METAL MARKET, BY SOURCE, 2019–2022 (TONS)
  • TABLE 100 NORTH AMERICA: LITHIUM METAL MARKET, BY SOURCE, 2023–2028 (TONS)
  • TABLE 101 US: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 102 US: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 103 US: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)
  • TABLE 104 US: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)
  • TABLE 105 CANADA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 106 CANADA: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 107 CANADA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)
  • TABLE 108 CANADA: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)
  • TABLE 109 MEXICO: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 110 MEXICO: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 111 MEXICO: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)
  • TABLE 112 MEXICO: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)
  • TABLE 113 EUROPE: LITHIUM METAL MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 114 EUROPE: LITHIUM METAL MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 115 EUROPE: LITHIUM METAL MARKET, BY COUNTRY, 2019–2022 (TONS)
  • TABLE 116 EUROPE: LITHIUM METAL MARKET, BY COUNTRY, 2023–2028 (TONS)
  • TABLE 117 EUROPE: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 118 EUROPE: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 119 EUROPE: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)
  • TABLE 120 EUROPE: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)
  • TABLE 121 EUROPE: LITHIUM METAL MARKET, BY SOURCE, 2019–2022 (USD MILLION)
  • TABLE 122 EUROPE: LITHIUM METAL MARKET, BY SOURCE, 2023–2028 (USD MILLION)
  • TABLE 123 EUROPE: LITHIUM METAL MARKET, BY SOURCE, 2019–2022 (TONS)
  • TABLE 124 EUROPE: LITHIUM METAL MARKET, BY SOURCE, 2023–2028 (TONS)
  • TABLE 125 HUNGARY: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 126 HUNGARY: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 127 HUNGARY: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)
  • TABLE 128 HUNGARY: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)
  • TABLE 129 UK: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 130 UK: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 131 UK: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)
  • TABLE 132 UK: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)
  • TABLE 133 SWEDEN: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 134 SWEDEN: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 135 SWEDEN: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)
  • TABLE 136 SWEDEN: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)
  • TABLE 137 GERMANY: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 138 GERMANY: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 139 GERMANY: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)
  • TABLE 140 GERMANY: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)
  • TABLE 141 POLAND: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 142 POLAND: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 143 POLAND: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)
  • TABLE 144 POLAND: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)
  • TABLE 145 REST OF EUROPE: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 146 REST OF EUROPE: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 147 REST OF EUROPE: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)
  • TABLE 148 REST OF EUROPE: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)
  • TABLE 149 REST OF THE WORLD: LITHIUM METAL MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 150 REST OF THE WORLD: LITHIUM METAL MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 151 REST OF THE WORLD: LITHIUM METAL MARKET, BY COUNTRY, 2019–2022 (TONS)
  • TABLE 152 REST OF THE WORLD: LITHIUM METAL MARKET, BY COUNTRY, 2023–2028 (TONS)
  • TABLE 153 REST OF THE WORLD: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 154 REST OF THE WORLD: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 155 REST OF THE WORLD: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)
  • TABLE 156 REST OF THE WORLD: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)
  • TABLE 157 REST OF THE WORLD: LITHIUM METAL MARKET, BY SOURCE, 2019–2022 (USD MILLION)
  • TABLE 158 REST OF THE WORLD: LITHIUM METAL MARKET, BY SOURCE, 2023–2028 (USD MILLION)
  • TABLE 159 REST OF THE WORLD: LITHIUM METAL MARKET, BY SOURCE, 2019–2022 (TONS)
  • TABLE 160 REST OF THE WORLD: LITHIUM METAL MARKET, BY SOURCE, 2023–2028 (TONS)
  • TABLE 161 MIDDLE EAST & AFRICA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 162 MIDDLE EAST & AFRICA: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 163 MIDDLE EAST & AFRICA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)
  • TABLE 164 MIDDLE EAST & AFRICA: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)
  • TABLE 165 SOUTH AMERICA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 166 SOUTH AMERICA: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 167 SOUTH AMERICA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)
  • TABLE 168 SOUTH AMERICA: LITHIUM METAL MARKET, BY APPLICATION, 2023–2028 (TONS)
  • TABLE 169 STRATEGIES ADOPTED BY KEY LITHIUM METAL MANUFACTURERS
  • TABLE 170 LITHIUM METAL MARKET: DEGREE OF COMPETITION
  • TABLE 171 LITHIUM METAL MARKET: END-USE INDUSTRY FOOTPRINT
  • TABLE 172 LITHIUM METAL MARKET: SOURCE FOOTPRINT
  • TABLE 173 LITHIUM METAL MARKET: REGION FOOTPRINT
  • TABLE 174 LITHIUM METAL MARKET: DETAILED LIST OF KEY STARTUPS/SMES
  • TABLE 175 LITHIUM METAL MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • TABLE 176 LITHIUM METAL MARKET: DEALS, 2018–2022
  • TABLE 177 LITHIUM METAL MARKET: OTHER DEVELOPMENTS, 2018–2022
  • TABLE 178 ALBEMARLE CORPORATION: COMPANY OVERVIEW
  • TABLE 179 LIVENT: COMPANY OVERVIEW
  • TABLE 180 TIANQI LITHIUM CO., LTD.: COMPANY OVERVIEW
  • TABLE 181 GANFENG LITHIUM GROUP CO., LTD.: COMPANY OVERVIEW
  • TABLE 182 SHENZHEN CHENGXIN LITHIUM GROUP CO., LTD.: COMPANY OVERVIEW
  • TABLE 183 CHINA LITHIUM PRODUCTS TECHNOLOGY CO., LTD.: COMPANY OVERVIEW
  • TABLE 184 SHANGHAI CHINA LITHIUM INDUSTRIAL CO., LTD.: COMPANY OVERVIEW
  • TABLE 185 CHINA ENERGY LITHIUM CO., LTD.: COMPANY OVERVIEW
  • TABLE 186 CNNC JIANZHONG NUCLEAR FUEL CO., LTD.: COMPANY OVERVIEW
  • TABLE 187 SHANDONG RUIFU LITHIUM INDUSTRY CO., LTD.: COMPANY OVERVIEW
  • TABLE 188 OTTO CHEMIE PVT. LTD.: COMPANY OVERVIEW
  • TABLE 189 CMP: COMPANY OVERVIEW
  • TABLE 190 LI-METAL CORP: COMPANY OVERVIEW
  • TABLE 191 PURE LITHIUM: COMPANY OVERVIEW
  • TABLE 192 AMERICAN ELEMENTS: COMPANY OVERVIEW
  • TABLE 193 OXFORD LAB FINE CHEM LLP: COMPANY OVERVIEW
  • TABLE 194 THE HONJO CHEMICAL CORPORATION: COMPANY OVERVIEW
  • TABLE 195 ALPHA-EN CORPORATION: COMPANY OVERVIEW
  • TABLE 196 SPECTRUM CHEMICAL: COMPANY OVERVIEW
  • TABLE 197 LITHIUM COMPOUNDS MARKET, BY END-USE INDUSTRY, 2018–2025 (KT)
  • TABLE 198 LITHIUM COMPOUNDS MARKET, BY END-USE INDUSTRY, 2018–2025 (USD MILLION)
  • TABLE 199 LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2018–2021 (USD MILLION)
  • TABLE 200 LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2022–2031 (USD MILLION)
LIST OF FIGURES
 
  • FIGURE 1 LITHIUM METAL MARKET SEGMENTATION
  • FIGURE 2 LITHIUM METAL MARKET: RESEARCH DESIGN
  • FIGURE 3 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH
  • FIGURE 4 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
  • FIGURE 5 MAIN MATRIX CONSIDERED FOR ASSESSING DEMAND FOR LITHIUM METAL
  • FIGURE 6 METHODOLOGY FOR SUPPLY-SIDE SIZING OF LITHIUM METAL MARKET (APPROACH 1)
  • FIGURE 7 METHODOLOGY FOR SUPPLY-SIDE SIZING OF LITHIUM METAL MARKET (APPROACH 2)
  • FIGURE 8 LITHIUM METAL MARKET: DATA TRIANGULATION
  • FIGURE 9 LITHIUM-ION ANODE TO ACCOUNT FOR HIGHEST CAGR DURING FORECAST PERIOD
  • FIGURE 10 SALT LAKE BRINE TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 11 ASIA PACIFIC LED GLOBAL LITHIUM METAL MARKET IN 2022
  • FIGURE 12 INCREASED DEMAND FOR LITHIUM METAL BATTERIES IN ELECTRICAL DEVICES
  • FIGURE 13 ASIA PACIFIC TO DOMINATE MARKET DURING FORECAST PERIOD
  • FIGURE 14 LITHIUM-ION ANODE MATERIAL TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 15 SALT LAKE BRINE TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD
  • FIGURE 16 CHINA AND LITHIUM-ION ANODE DOMINATED MARKET IN 2022
  • FIGURE 17 POLAND AND GERMANY TO RECORD FASTEST GROWTH DURING FORECAST PERIOD
  • FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 19 ENERGY CAPACITY OF BATTERIES CONTAINING GRAPHITE ANODE VS. LITHIUM METAL ANODE (WH/KG)
  • FIGURE 20 LITHIUM METAL MARKET: HIGHEST VALUE ADDITION DURING MANUFACTURING PHASE
  • FIGURE 21 LITHIUM METAL MARKET: ECOSYSTEM MAPPING
  • FIGURE 22 LITHIUM METAL MARKET: PORTER’S FIVE FORCES ANALYSIS
  • FIGURE 23 NUMBER OF PATENTS YEAR-WISE (2014–2022)
  • FIGURE 24 CHINA ACCOUNTED FOR HIGHEST PATENT COUNT (2014–2022)
  • FIGURE 25 TOP APPLICANTS WITH HIGHEST NUMBER OF PATENTS
  • FIGURE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS
  • FIGURE 27 KEY BUYING CRITERIA FOR TOP THREE END USERS
  • FIGURE 28 AVERAGE SELLING PRICE FOR LITHIUM METAL, BY REGION
  • FIGURE 29 SALT LAKE BRINE TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 30 LITHIUM-ION ANODE MATERIAL TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD
  • FIGURE 31 ASIA PACIFIC TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 32 ASIA PACIFIC: LITHIUM METAL MARKET SNAPSHOT
  • FIGURE 33 NORTH AMERICA: LITHIUM METAL MARKET SNAPSHOT
  • FIGURE 34 EUROPE: LITHIUM METAL MARKET SNAPSHOT
  • FIGURE 35 RANKING OF TOP FIVE PLAYERS IN LITHIUM METAL MARKET, 2022
  • FIGURE 36 GANFENG LITHIUM GROUP CO., LTD. LED LITHIUM METAL MARKET IN 2022
  • FIGURE 37 TOP FIVE PLAYERS—REVENUE ANALYSIS (2017–2021)
  • FIGURE 38 LITHIUM METAL MARKET: COMPANY OVERALL FOOTPRINT
  • FIGURE 39 COMPANY EVALUATION QUADRANT FOR LITHIUM METAL MARKET (TIER 1)
  • FIGURE 40 STARTUP/SME EVALUATION QUADRANT FOR LITHIUM METAL MARKET
  • FIGURE 41 ALBEMARLE CORPORATION: COMPANY SNAPSHOT
  • FIGURE 42 LIVENT: COMPANY SNAPSHOT
  • FIGURE 43 TIANQI LITHIUM CO., LTD.: COMPANY SNAPSHOT
  • FIGURE 44 GANFENG LITHIUM GROUP CO., LTD.: COMPANY SNAPSHOT
  • FIGURE 45 SHENZHEN CHENGXIN LITHIUM GROUP CO., LTD.: COMPANY SNAPSHOT

The study involved four major activities in estimating the current market size of lithium metal. Exhaustive secondary research was done to collect information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizes with industry experts across the value chain of lithium metal through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation were used to estimate the size of the segments and sub-segments of the market.

Secondary Research

The research methodology used to estimate and forecast the access control market begins with capturing data on the revenues of key vendors in the market through secondary research. In the secondary research process, various secondary sources, such as Hoovers, Bloomberg BusinessWeek, Factiva, World Bank, and Industry Journals, were referred to for identifying and collecting information for this study. These secondary sources included annual reports, press releases & investor presentations of companies; white papers; certified publications; articles by recognized authors; notifications by regulatory bodies; trade directories; and databases. Vendor offerings have also been taken into consideration to determine market segmentation.

Primary Research

The lithium metal market comprises several stakeholders in the supply chain, such as manufacturers, suppliers, traders, associations, and regulatory organizations. The demand side of this market is characterized by the development of lithium metal batteries, alloys making, intermediates in the pharmaceutical industry, and other applications. Various primary sources from the supply and demand sides of the market were interviewed to obtain qualitative and quantitative information. Following is the breakdown of the primary respondents:

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Market Size Estimation

The top-down and bottom-up approaches were used to estimate and validate the total size of the lithium metal market. These methods were also used extensively to determine the market size of various sub-segments in the market. The research methodology used to estimate the market size included the following:

  • The key players were identified through extensive primary and secondary research.
  • The value chain and market size of the lithium metal market, in terms of value, were determined through primary and secondary research.
  • All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources.
  • All possible parameters that affect the market covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data.
  • The research included the study of reports, reviews, and newsletters of top market players, along with extensive interviews for opinions from key leaders, such as CEOs, directors, and marketing executives.

Data Triangulation

The market was split into several segments and sub-segments after arriving at the overall market size using the market size estimation processes as explained above. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation and market breakdown procedures were employed, wherever applicable. The market size was calculated globally by summing up the country-level and regional-level data.

Market Definition

Lithium metal refers to the pure elemental form of lithium, which is a highly reactive alkali metal. It is the lightest metal and has a silvery-white appearance. Lithium metal has a low density and is highly malleable, meaning it can be easily shaped or molded. It is also an excellent conductor of heat and electricity. It is widely used in electronic devices like wristwatches, smoke detectors, children’s toys and key fobs. It is highly desirable for battery applications due to its high energy density and low weight.

Stakeholders

  • Lithium metal Manufacturers
  • Traders, Distributors, and Suppliers of Lithium metal products.
  • Manufacturers of Lithium metal batteries, Alloy making companies, and pharmaceutical companies.
  • Associations and Industrial Bodies such as the International Air Transport Association (IATA), American Chemical Society (ACS), Institute of Electrical and Electronics Engineers (IEEE), United States Environmental Protection Agency (EPA), International Lithium Association (ILA) and Others
  • Contract Manufacturing Organizations (CMOs)
  • NGOs, Governments, Investment Banks, Venture Capitalists, and Private Equity Firms

Report Objectives

  • To define, describe, and forecast the size of the global lithium metal market in terms of volume and value
  • To provide detailed information regarding the key factors, such as drivers, restraints, opportunities, and industry-specific challenges, influencing the growth of the global lithium metal market
  • To analyze and forecast the size of various segments (source and application) of the lithium metal market based on four major regions—North America, Asia Pacific, Europe, Rest of the World—along with key countries in each of these regions
  • To analyze recent developments and competitive strategies, such as expansions, new product developments, agreements, and acquisitions, to draw the competitive landscape of the market
  • To strategically profile the key players in the market and comprehensively analyze their core competencies

 

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