Japan Lithium Market Size & Outlook, 2025-2030
- Metals & Mining
- Metals, Mining & Minerals
- Lithium Market Outlook
- Metals, Mining & Minerals
Japan Lithium Market, 2018-2030 (US$M)
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Japan lithium market highlights
- The Japan lithium market generated a revenue of USD 2,738.4 million in 2023 and is expected to reach USD 4,767.0 million by 2030.
- The Japan market is expected to grow at a CAGR of 8.2% 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 2,738.4 million |
| Market revenue in 2030 | USD 4,767.0 million |
| Growth rate | 8.2% (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, Japan accounted for 8.6% 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.
Japan has always been at the forefront of the global technology race and has come a long way to keep up with time and technology. The country has a long history of using lithium, which was originally used as a mood stabilizer for patients.
The country has conducted many surveys and concluded that adding natural amounts of lithium to filtered water can protect people from suicidal tendencies and help reduce suicide accidents.
Additionally, positive government policy toward EVs is expected to propel the demand for lithium in the forecast period. In Japan, mini BEVs like the Nissan Sakura are selling better than larger SUV models.
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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 |
Japan 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 54.3% in 2023.
Horizon Databook has segmented the Japan lithium market based on carbonates, hydroxides, other products covering the revenue growth of each sub-segment from 2018 to 2030.
Japan has always been at the forefront of the global technology race and has come a long way to keep up with time and technology. The country has a long history of using lithium, which was originally used as a mood stabilizer for patients.
The country has conducted many surveys and concluded that adding natural amounts of lithium to filtered water can protect people from suicidal tendencies and help reduce suicide accidents.
Additionally, positive government policy toward EVs is expected to propel the demand for lithium in the forecast period. In Japan, mini BEVs like the Nissan Sakura are selling better than larger SUV models.
- Japan Lithium Market Product Outlook (Revenue, USD Million , 2018-2030)
- Carbonates
- Hydroxides
- Other Products
- Japan 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 country-level data and insights on the Japan Lithium Market Outlook, including forecasts for subscribers. This country databook contains high-level insights into Japan Lithium Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Japan Lithium Market, 2018-2030 (US$M)
Japan lithium market statistics, by product, 2018-2030 (Kilo Tons)
