China Lithium Market Size & Outlook, 2025-2030
- Metals & Mining
- Metals, Mining & Minerals
- Lithium Market Outlook
- Metals, Mining & Minerals
China Lithium Market, 2018-2030 (US$M)
Global Report
Related Markets
Ask a question about the lithium market
China lithium market highlights
- The China lithium market generated a revenue of USD 8,869.2 million in 2023 and is expected to reach USD 21,768.2 million by 2030.
- The China market is expected to grow at a CAGR of 13.7% from 2024 to 2030.
- In terms of segment, carbonates was the largest revenue generating product in 2023.
- Hydroxides is the most lucrative product segment registering the fastest growth during the forecast period.
Lithium market data book summary
| Market revenue in 2023 | USD 8,869.2 million |
| Market revenue in 2030 | USD 21,768.2 million |
| Growth rate | 13.7% (CAGR from 2023 to 2030) |
| Largest segment | Carbonates |
| Fastest growing segment | Hydroxides |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Carbonates, Hydroxides, Other Products |
| Key market players worldwide | Albemarle Corp, Sociedad Quimica Y Minera De Chile SA ADR, Livento Group Inc, Lithium Americas Corp, Pilbara Minerals Ltd, Beard Co, Mineral Resources Ltd |
Other key industry trends
- In terms of revenue, China accounted for 27.9% of the lithium market in 2023.
- Country-wise, China is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China lithium market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 21,768.2 million by 2030.
China held 46.3% share of the lithium market in Asia Pacific in 2023 in terms of volume, underscoring its central position in the global lithium value chain. This dominance is rooted in the country’s comprehensive control over lithium refining and battery production processes.
Catering to the ongoing demand from various end-use industries, such as electric vehicles (EVs), consumer goods, and grid storage. The anticipated growth in these sectors is expected to further boost the lithium demand in China during the forecast period.
Owing to the rising demand for EVs and EV batteries, Chinese companies are enhancing their competitive edge by transitioning from nickel manganese cobalt (NMC) batteries to lithium iron phosphate (LFP) batteries.
No credit card required*
Customize the Report
20% free customization
- Include
- Countries, segments, points
- Tailor
- To your product definition
- Extend
- Deeper competitor detail
- Or
- A fully bespoke study
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Lithium Market Scope
Lithium Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Albemarle Corp | View profile | 9,000 | 4250 Congress Street, Suite 900, Charlotte, NC, United States, 28209 | www.albemarle.com |
| Sociedad Quimica Y Minera De Chile SA ADR | View profile | 7,474 | El Trovador 4285, 6th Floor, Las Condes, Santiago, Chile | www.sqm.com |
| Livento Group Inc | View profile | 11 | 17 State Street, Suite 4000, New York, NY, United States, 10004 | www.liventogroup.com |
| Lithium Americas Corp | View profile | - | 900 West Hastings Street, Suite 300, Vancouver, BC, Canada, V6C 1E5 | www.lithiumamericas.com |
| Pilbara Minerals Ltd | View profile | 768 | 146 Colin Street, Level 2, West Perth, Perth, WA, Australia, 6005 | www.pilbaraminerals.com.au |
| Beard Co | View profile | 16 | 301 N.W. 63rd Street, Suite 400, Harvey Parkway, Oklahoma City, OK, United States, 73116 | www.beardco.com |
| Mineral Resources Ltd | View profile | 5,000 | 20 Walters Drive, Osborne Park, Applecross, Western Australia, WA, Australia, 6017 | www.mineralresources.com.au |
China Lithium Market Outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to Lithium Market Outlook will help companies and investors design strategic landscapes.
Carbonates was the largest segment with a revenue share of 56.7% in 2023.
Horizon Databook has segmented the China lithium market based on carbonates, hydroxides, other products covering the revenue growth of each sub-segment from 2018 to 2030.
China held 46.3% share of the lithium market in Asia Pacific in 2023 in terms of volume, underscoring its central position in the global lithium value chain. This dominance is rooted in the country’s comprehensive control over lithium refining and battery production processes.
Catering to the ongoing demand from various end-use industries, such as electric vehicles (EVs), consumer goods, and grid storage. The anticipated growth in these sectors is expected to further boost the lithium demand in China during the forecast period.
Owing to the rising demand for EVs and EV batteries, Chinese companies are enhancing their competitive edge by transitioning from nickel manganese cobalt (NMC) batteries to lithium iron phosphate (LFP) batteries.
- China Lithium Market Product Outlook (Revenue, USD Million , 2018-2030)
- Carbonates
- Hydroxides
- Other Products
- China Lithium Market Application Outlook (Revenue, USD Million , 2018-2030)
- Automotive
- Consumer Electronics
- Grid Storage
- Glass & Electronics
- Other Applications
Reasons to subscribe to Lithium Market Outlook databook
- Access to comprehensive data: Horizon Databook provides over 1 million market statistics and 20,000+ reports, offering extensive coverage across various industries and regions.
- Informed decision making: Subscribers gain insights into market trends, customer preferences, and competitor strategies, empowering informed business decisions.
- Cost-Effective solution: It's recognized as the world's most cost-effective market research database, offering high ROI through its vast repository of data and reports.
- Customizable reports: Tailored reports and analytics allow companies to drill down into specific markets, demographics, or product segments, adapting to unique business needs.
- Strategic advantage: By staying updated with the latest market intelligence, companies can stay ahead of competitors, anticipate industry shifts, and capitalize on emerging opportunities.
Target buyers of Lithium Market Outlook databook
- Our clientele includes a mix of Lithium Market Outlook companies, investment firms, advisory firms & academic institutions.
- 30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
- Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
- The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China Lithium Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into China Lithium Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
China Lithium Market, 2018-2030 (US$M)
China lithium market statistics, by product, 2018-2030 (US$M)
