North America Lithium Market Size & Outlook, 2025-2030
- Metals & Mining
- Metals, Mining & Minerals
- Lithium Market Outlook
- Metals, Mining & Minerals
North America Lithium Market, 2018-2030 (US$M)
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North America lithium market highlights
- The North America lithium market generated a revenue of USD 4,134.1 million in 2023.
- The market is expected to grow at a CAGR of 9.4% 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, U.S. is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 4,134.1 million |
| Market revenue in 2030 | USD 7,729.8 million |
| Growth rate | 9.4% (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, North America region accounted for 13.0% 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.
The lithium market in North America is driven by the high consumption of consumer goods, as the majority of the population largely relies on gadgets, such as smartphones, tablets, and laptops, for communication.
This is expected to propel the need for lithium batteries, thus benefiting the market growth. Ascending demand for EVs on account of favorable regulations, environmental concerns, and changing consumer preferences is expected to drive the production of the batteries over the forecast period.
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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 |
North America 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 50.38% in 2023.
Horizon Databook has segmented the North America lithium market based on carbonates, hydroxides, other products covering the revenue growth of each sub-segment from 2018 to 2030.
The lithium market in North America is driven by the high consumption of consumer goods, as the majority of the population largely relies on gadgets, such as smartphones, tablets, and laptops, for communication.
This is expected to propel the need for lithium batteries, thus benefiting the market growth. Ascending demand for EVs on account of favorable regulations, environmental concerns, and changing consumer preferences is expected to drive the production of the batteries over the forecast period.
- North America Lithium Market Product Outlook (Revenue, USD Million , 2018-2030)
- Carbonates
- Hydroxides
- Other Products
- North America 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 North America Lithium Market Outlook, including forecasts for subscribers. This continent databook contains high-level insights into North America Lithium Market Outlook from 2018 to 2030, including revenue numbers, major trends, and company profiles.
North America Lithium Market, 2018-2030 (US$M)
North America lithium market statistics, by product, 2018-2030 (US$M)
