Europe Lithium Market Size & Outlook, 2025-2030
- Metals & Mining
- Metals, Mining & Minerals
- Lithium Market Outlook
- Metals, Mining & Minerals
Europe Lithium Market, 2018-2030 (US$M)
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Europe lithium market highlights
- The Europe lithium market generated a revenue of USD 10,202.7 million in 2023.
- The market is expected to grow at a CAGR of 10.9% 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.
- Country-wise, France is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 10,202.7 million |
| Market revenue in 2030 | USD 21,085.2 million |
| Growth rate | 10.9% (CAGR from 2023 to 2030) |
| Largest segment | Carbonates |
| Fastest growing segment | Hydroxides |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 32.1% of the lithium market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 44,259.8 million by 2030.
Europe accounted for the second-largest share of the lithium market in 2023 in terms of revenue. The growth of the market can be attributed to the increasing production of electric vehicles (EVs) in the region.
The demand for EVs is anticipated to increase in the upcoming years as the continent struggles with the energy crisis brought on by Russia's invasion of Ukraine, which has driven up power prices and sparked widespread support for accelerating the energy transition away from fossil fuels.
Battery storage has become an economically viable investment in the region owing to a reduction in energy storage costs. Also, the increased involvement of Europe in future power generation technologies and a rising emphasis on energy storage.
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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 |
Europe 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 56.11% in 2023.
Horizon Databook has segmented the Europe lithium market based on carbonates, hydroxides, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Europe accounted for the second-largest share of the global lithium market in 2023 in terms of revenue. The growth of the market can be attributed to the increasing production of electric vehicles (EVs) in the region.
The demand for EVs is anticipated to increase in the upcoming years as the continent struggles with the energy crisis brought on by Russia's invasion of Ukraine, which has driven up power prices and sparked widespread support for accelerating the energy transition away from fossil fuels.
Battery storage has become an economically viable investment in the region owing to a reduction in energy storage costs. Also, the increased involvement of Europe in future power generation technologies and a rising emphasis on energy storage.
- Europe Lithium Market Product Outlook (Revenue, USD Million , 2018-2030)
- Carbonates
- Hydroxides
- Other Products
- Europe Lithium Market Application Outlook (Revenue, USD Million , 2018-2030)
- Automotive
- Consumer Electronics
- Grid Storage
- Glass & Electronics
- Other Applications
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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe Lithium Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into Europe Lithium Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Europe Lithium Market, 2018-2030 (US$M)
Europe lithium market statistics, by product, 2018-2030 (Kilo Tons)
