Lithium Metal Market

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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

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Report Code: MM 8673 Jun, 2023, by marketsandmarkets.com

Lithium Metal Market

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 20.4% from 2023 to 2028. The 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

Lithium Metal Market

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Lithium Metal Market

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 industry.

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.

Lithium Metal Market Ecosystem

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.

Lithium Metal Market by Region

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Lithium Metal 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. and others are among the key players leading the market through their innovative offerings, enhanced production capacities, and efficient distribution channels.

Lithium Metal Market Report Scope

Report Metric	Details
Market Size Value in 2023	USD 2.5 billion
Revenue Forecast in 2028	USD 6.4 billion
CAGR	20.4%
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
Companies Covered	The major market players include 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. and others.

This research report categorizes the lithium metal market based on source, application, end-user, and region.

Based on source, the lithium metal market has been segmented as follows:

Salt Lake Brine
Lithium Ores

Based on application, the lithium metal market has been segmented as follows:

Lithium-ion Anode Material
Alloy
Intermediates
Others

Based on end-user, the lithium metal market has been segmented as follows:

Batteries
Metal Processing
Pharmaceutical
Others

Based on the region, the lithium metal market has been segmented as follows:

Asia Pacific
- China
- South Korea
- Japan
- Australia
- Rest of Asia Pacific (New Zealand, Malaysia, Thailand, and Singapore)
Europe
- Germany
- Hungary
- Poland
- Sweden
- UK
- Rest of Europe (Spain, France, Netherlands, Norway, and Italy)
North America
- US
- Canada
- Mexico
Rest of the World
- Middle East & Africa
- South America

Recent Developments

In March 2023, Albemarle Corporation announced the plan to commence a new US Lithium Mega-Flex processing facility in South Carolina.
In May 2022, Livent Corporation and Lilium NV signed an agreement in which both companies agreed to perform R & D for high-performance lithium batteries.
In June 2020, Ganfeng Lithium and BMW signed an agreement to meet German BMW's demand for key lithium raw materials for battery production.

Frequently Asked Questions (FAQ):

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 .

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 20)

1.1 STUDY OBJECTIVES

1.2 MARKET DEFINITION

1.2.1 INCLUSIONS AND EXCLUSIONS

TABLE 1 LITHIUM METAL MARKET: INCLUSIONS AND EXCLUSIONS

1.3 STUDY SCOPE

FIGURE 1 LITHIUM METAL MARKET SEGMENTATION

1.3.1 REGIONAL SCOPE

1.3.2 YEARS CONSIDERED

1.4 CURRENCY CONSIDERED

1.5 UNITS CONSIDERED

1.6 LIMITATIONS

1.7 STAKEHOLDERS

2 RESEARCH METHODOLOGY (Page No. - 24)

2.1 RESEARCH DATA

FIGURE 2 LITHIUM METAL MARKET: RESEARCH DESIGN

2.1.1 SECONDARY DATA

2.1.1.1 Key data from secondary sources

2.1.2 PRIMARY DATA

2.1.2.1 Key data from primary sources

2.1.2.2 Key primary participants

2.1.2.3 Breakdown of primary interviews

2.1.2.4 Key industry insights

2.2 MARKET SIZE ESTIMATION

2.2.1 BOTTOM-UP APPROACH

FIGURE 3 MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH

2.2.2 TOP-DOWN APPROACH

FIGURE 4 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH

2.3 DEMAND-SIDE ASSESSMENT

FIGURE 5 MAIN MATRIX CONSIDERED FOR ASSESSING DEMAND FOR LITHIUM METAL

2.4 SUPPLY-SIDE ASSESSMENT

FIGURE 6 METHODOLOGY FOR SUPPLY-SIDE SIZING OF LITHIUM METAL MARKET (APPROACH 1)

FIGURE 7 METHODOLOGY FOR SUPPLY-SIDE SIZING OF LITHIUM METALS MARKET (APPROACH 2)

2.4.1 CALCULATIONS BASED ON SUPPLY-SIDE ANALYSIS

2.4.2 GROWTH FORECAST

2.5 MARKET BREAKDOWN AND DATA TRIANGULATION

FIGURE 8 LITHIUM METAL MARKET: DATA TRIANGULATION

2.6 RECESSION IMPACT

2.7 ASSUMPTIONS

2.7.1 LIMITATIONS

2.7.2 RISK ASSESSMENT

3 EXECUTIVE SUMMARY (Page No. - 34)

TABLE 2 LITHIUM METAL MARKET SNAPSHOT: 2023 VS. 2028

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

4 PREMIUM INSIGHTS (Page No. - 37)

4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN LITHIUM METAL MARKET

FIGURE 12 INCREASED DEMAND FOR LITHIUM METAL BATTERIES IN ELECTRICAL DEVICES

4.2 LITHIUM METAL MARKET, BY REGION

FIGURE 13 ASIA PACIFIC TO DOMINATE MARKET DURING FORECAST PERIOD

4.3 LITHIUM METALS MARKET, BY APPLICATION

FIGURE 14 LITHIUM-ION ANODE MATERIAL TO HOLD LARGEST MARKET SHARE DURING FORECAST PERIOD

4.4 LITHIUM METAL MARKET, BY SOURCE

FIGURE 15 SALT LAKE BRINE TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD

4.5 ASIA PACIFIC: LITHIUM METAL MARKET, BY APPLICATION AND COUNTRY

FIGURE 16 CHINA AND LITHIUM-ION ANODE DOMINATED MARKET IN 2022

4.6 LITHIUM METALS MARKET, BY KEY COUNTRY

FIGURE 17 POLAND AND GERMANY TO RECORD FASTEST GROWTH DURING FORECAST PERIOD

5 MARKET OVERVIEW (Page No. - 40)

5.1 INTRODUCTION

FIGURE 18 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES

5.2 MARKET DYNAMICS

5.2.1 DRIVERS

5.2.1.1 Growing demand for lithium metal in batteries

FIGURE 19 ENERGY CAPACITY OF BATTERIES CONTAINING GRAPHITE ANODE VS. LITHIUM METAL ANODE (WH/KG)

5.2.1.2 Government initiatives to boost lithium production

5.2.2 RESTRAINTS

5.2.2.1 Concentration of lithium deposits to disrupt supply chain

5.2.2.2 Commercialization of alternate substitutes and technologies

5.2.3 OPPORTUNITIES

5.2.3.1 Application of lithium metal in pharmaceutical intermediates

5.2.3.2 Use of lithium alloys in high-end industries

5.2.4 CHALLENGES

5.2.4.1 Risk of fire or explosion

5.2.4.2 Extraction of raw material to pose environmental threat

5.3 VALUE CHAIN ANALYSIS

FIGURE 20 LITHIUM METAL MARKET: HIGHEST VALUE ADDITION DURING MANUFACTURING PHASE

5.3.1 RAW MATERIAL ACQUISITION

5.3.2 PROCESSING AND REFINING

5.3.3 MANUFACTURING AND PRODUCTION

5.3.4 DISTRIBUTION AND SALES

5.3.5 END-USE INDUSTRIES

5.3.6 RECYCLING

5.4 ECOSYSTEM MAPPING

FIGURE 21 LITHIUM METAL MARKET: ECOSYSTEM MAPPING

TABLE 3 LITHIUM METALS MARKET: ROLE IN ECOSYSTEM

5.5 PORTER’S FIVE FORCES ANALYSIS

FIGURE 22 LITHIUM METAL MARKET: PORTER’S FIVE FORCES ANALYSIS

TABLE 4 IMPACT OF PORTER’S FIVE FORCES ON LITHIUM METAL MARKET

5.5.1 BARGAINING POWER OF SUPPLIERS

5.5.2 THREAT OF NEW ENTRANTS

5.5.3 THREAT OF SUBSTITUTES

5.5.4 BARGAINING POWER OF BUYERS

5.5.5 INTENSITY OF COMPETITIVE RIVALRY

5.6 TARIFF AND REGULATORY LANDSCAPE

5.6.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS

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

5.6.2 MARKET REGULATIONS AND STANDARDS

TABLE 9 REGULATIONS AND STANDARDS FOR LITHIUM METAL AND LITHIUM METAL BATTERIES

5.7 TECHNOLOGY ANALYSIS

5.8 PATENT ANALYSIS

5.8.1 METHODOLOGY

5.8.2 PUBLICATION TRENDS

FIGURE 23 NUMBER OF PATENTS YEAR-WISE (2014–2022)

5.8.3 INSIGHTS

5.8.4 JURISDICTION ANALYSIS

FIGURE 24 CHINA ACCOUNTED FOR HIGHEST PATENT COUNT (2014–2022)

5.8.5 TOP APPLICANTS

FIGURE 25 TOP APPLICANTS WITH HIGHEST NUMBER OF PATENTS

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

5.9 IMPORT–EXPORT SCENARIO

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

5.10 CASE STUDY ANALYSIS

5.10.1 HIGH ENERGY OF 3D LITHIUM METAL ANODE

5.10.2 ENHANCED PERFORMANCE AND SUSTAINABILITY OF LITHIUM-ION BATTERIES BY LIOVIX

5.11 KEY CONFERENCES AND EVENTS, 2023–2024

TABLE 18 LITHIUM METAL MARKET: KEY CONFERENCES AND EVENTS (2023–2024)

5.12 KEY STAKEHOLDERS AND BUYING CRITERIA

5.12.1 KEY STAKEHOLDERS IN BUYING PROCESS

FIGURE 26 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS

TABLE 19 IMPACT ON BUYING PROCESS FOR TOP THREE END USERS (%)

FIGURE 27 KEY BUYING CRITERIA FOR TOP THREE END USERS

TABLE 20 BUYING CRITERIA FOR TOP THREE END USERS

5.13 PRICING ANALYSIS

5.13.1 AVERAGE SELLING PRICE, BY REGION

FIGURE 28 AVERAGE SELLING PRICE FOR LITHIUM METAL, BY REGION

6 LITHIUM METAL MARKET, BY END-USE INDUSTRY (Page No. - 67)

6.1 INTRODUCTION

6.2 BATTERIES

6.2.1 APPLICATION IN REMOTE SENSING DEVICES

6.3 METAL PROCESSING

6.3.1 DEMAND FOR LITHIUM METAL IN AEROSPACE SECTOR

6.4 PHARMACEUTICAL

6.4.1 USED AS INTERMEDIATE IN ORGANOLITHIUM COMPOUNDS

6.5 OTHER END-USE INDUSTRIES

7 LITHIUM METAL MARKET, BY SOURCE (Page No. - 69)

7.1 INTRODUCTION

FIGURE 29 SALT LAKE BRINE TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD

TABLE 21 LITHIUM METAL MARKET, BY SOURCE, 2019–2022 (TONS)

TABLE 22 LITHIUM METALS MARKET, BY SOURCE, 2023–2028 (TONS)

TABLE 23 LITHIUM METAL MARKET, BY SOURCE, 2019–2022 (USD MILLION)

TABLE 24 LITHIUM METALS MARKET, BY SOURCE, 2023–2028 (USD MILLION)

7.2 SALT LAKE BRINE

7.2.1 COST-EFFECTIVE AND ECO-FRIENDLY

TABLE 25 SALT LAKE BRINE: LITHIUM METAL MARKET, BY REGION, 2019–2022 (TONS)

TABLE 26 SALT LAKE BRINE: LITHIUM METALS 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 METALS MARKET, BY REGION, 2023–2028 (USD MILLION)

7.3 LITHIUM ORE

7.3.1 HIGH REACTIVITY WITH OIL AND WATER

TABLE 29 LITHIUM ORE: LITHIUM METAL MARKET, BY REGION, 2019–2022 (TONS)

TABLE 30 LITHIUM ORE: LITHIUM METALS MARKET, BY REGION, 2023–2028 (TONS)

TABLE 31 LITHIUM ORE: LITHIUM METAL MARKET, BY REGION, 2019–2022 (USD MILLION)

TABLE 32 LITHIUM ORE: LITHIUM METALS MARKET, BY REGION, 2023–2028 (USD MILLION)

8 LITHIUM METAL MARKET, BY APPLICATION (Page No. - 74)

8.1 INTRODUCTION

FIGURE 30 LITHIUM-ION ANODE MATERIAL TO RECORD HIGHEST GROWTH DURING FORECAST PERIOD

TABLE 33 LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (TONS)

TABLE 34 LITHIUM METALS MARKET, BY APPLICATION, 2023–2028 (TONS)

TABLE 35 LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 36 LITHIUM METALS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

8.2 LITHIUM-ION ANODE MATERIAL

8.2.1 USED IN SOLID-STATE AND LITHIUM-METAL BATTERIES

TABLE 37 LITHIUM-ION ANODE MATERIAL: LITHIUM METAL MARKET, BY REGION, 2019–2022 (TONS)

TABLE 38 LITHIUM-ION ANODE MATERIAL: LITHIUM METALS 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 METALS MARKET, BY REGION, 2023–2028 (USD MILLION)

8.3 ALLOY

8.3.1 USED IN AIRCRAFT AND FUEL TANKS

TABLE 41 ALLOY: LITHIUM METAL MARKET, BY REGION, 2019–2022 (TONS)

TABLE 42 ALLOY: LITHIUM METALS MARKET, BY REGION, 2023–2028 (TONS)

TABLE 43 ALLOY: LITHIUM METAL MARKET, BY REGION, 2019–2022 (USD MILLION)

TABLE 44 ALLOY: LITHIUM METALS MARKET, BY REGION, 2023–2028 (USD MILLION)

8.4 INTERMEDIATE

8.4.1 WIDE APPLICATION IN PHARMACEUTICALS

TABLE 45 INTERMEDIATE: LITHIUM METAL MARKET, BY REGION, 2019–2022 (TONS)

TABLE 46 INTERMEDIATE: LITHIUM METALS MARKET, BY REGION, 2023–2028 (TONS)

TABLE 47 INTERMEDIATE: LITHIUM METAL MARKET, BY REGION, 2019–2022 (USD MILLION)

TABLE 48 INTERMEDIATE: LITHIUM METALS MARKET, BY REGION, 2023–2028 (USD MILLION)

8.5 OTHER APPLICATIONS

TABLE 49 OTHER APPLICATIONS: LITHIUM METAL MARKET, BY REGION, 2019–2022 (TONS)

TABLE 50 OTHER APPLICATIONS: LITHIUM METALS MARKET, BY REGION, 2023–2028 (TONS)

TABLE 51 OTHER APPLICATIONS: LITHIUM METAL MARKET, BY REGION, 2019–2022 (USD MILLION)

TABLE 52 OTHER APPLICATIONS: LITHIUM METALS MARKET, BY REGION, 2023–2028 (USD MILLION)

9 LITHIUM METAL MARKET, BY REGION (Page No. - 82)

9.1 INTRODUCTION

FIGURE 31 ASIA PACIFIC TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD

TABLE 53 LITHIUM METAL MARKET, BY REGION, 2019–2022 (TONS)

TABLE 54 LITHIUM METALS MARKET, BY REGION, 2023–2028 (TONS)

TABLE 55 LITHIUM METAL MARKET, BY REGION, 2019–2022 (USD MILLION)

TABLE 56 LITHIUM METALS MARKET, BY REGION, 2023–2028 (USD MILLION)

9.2 ASIA PACIFIC

FIGURE 32 ASIA PACIFIC: LITHIUM METAL MARKET SNAPSHOT

9.2.1 RECESSION IMPACT ON ASIA PACIFIC

TABLE 57 ASIA PACIFIC: LITHIUM METAL MARKET, BY COUNTRY, 2019–2022 (USD MILLION)

TABLE 58 ASIA PACIFIC: LITHIUM METALS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)

TABLE 59 ASIA PACIFIC: MARKET, BY COUNTRY, 2019–2022 (TONS)

TABLE 60 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2028 (TONS)

TABLE 61 ASIA PACIFIC: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 62 ASIA PACIFIC: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

TABLE 63 ASIA PACIFIC: MARKET, BY APPLICATION, 2019–2022 (TONS)

TABLE 64 ASIA PACIFIC: MARKET, BY APPLICATION, 2023–2028 (TONS)

TABLE 65 ASIA PACIFIC: MARKET, BY SOURCE, 2019–2022 (USD MILLION)

TABLE 66 ASIA PACIFIC: MARKET, BY SOURCE, 2023–2028 (USD MILLION)

TABLE 67 ASIA PACIFIC: MARKET, BY SOURCE, 2019–2022 (TONS)

TABLE 68 ASIA PACIFIC: MARKET, BY SOURCE, 2023–2028 (TONS)

9.2.2 CHINA

9.2.2.1 Next-generation batteries to fuel demand for lithium metal

TABLE 69 CHINA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 70 CHINA: LITHIUM METALS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

TABLE 71 CHINA: MARKET, BY APPLICATION, 2019–2022 (TONS)

TABLE 72 CHINA: MARKET, BY APPLICATION, 2023–2028 (TONS)

9.2.3 JAPAN

9.2.3.1 Increased demand for lithium metal batteries to drive market

TABLE 73 JAPAN: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 74 JAPAN: LITHIUM METALS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

TABLE 75 JAPAN: MARKET, BY APPLICATION, 2019–2022 (TONS)

TABLE 76 JAPAN: MARKET, BY APPLICATION, 2023–2028 (TONS)

9.2.4 AUSTRALIA

9.2.4.1 Economic growth and domestic production of lithium metal to propel market

TABLE 77 AUSTRALIA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 78 AUSTRALIA: LITHIUM METALS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

TABLE 79 AUSTRALIA: MARKET, BY APPLICATION, 2019–2022 (TONS)

TABLE 80 AUSTRALIA: MARKET, BY APPLICATION, 2023–2028 (TONS)

9.2.5 SOUTH KOREA

9.2.5.1 Presence of major electronics companies to drive market

TABLE 81 SOUTH KOREA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 82 SOUTH KOREA: LITHIUM METALS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

TABLE 83 SOUTH KOREA: MARKET, BY APPLICATION, 2019–2022 (TONS)

TABLE 84 SOUTH KOREA: MARKET, BY APPLICATION, 2023–2028 (TONS)

9.2.6 REST OF ASIA PACIFIC

TABLE 85 REST OF ASIA PACIFIC: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 86 REST OF ASIA PACIFIC: LITHIUM METALS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

TABLE 87 REST OF ASIA PACIFIC: MARKET, BY APPLICATION, 2019–2022 (TONS)

TABLE 88 REST OF ASIA PACIFIC: MARKET, BY APPLICATION, 2023–2028 (TONS)

9.3 NORTH AMERICA

FIGURE 33 NORTH AMERICA: LITHIUM METAL MARKET SNAPSHOT

TABLE 89 NORTH AMERICA: LITHIUM METALS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)

TABLE 90 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)

TABLE 91 NORTH AMERICA: MARKET, BY COUNTRY, 2019–2022 (TONS)

TABLE 92 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (TONS)

TABLE 93 NORTH AMERICA: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 94 NORTH AMERICA: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

TABLE 95 NORTH AMERICA: MARKET, BY APPLICATION, 2019–2022 (TONS)

TABLE 96 NORTH AMERICA: MARKET, BY APPLICATION, 2023–2028 (TONS)

TABLE 97 NORTH AMERICA: MARKET, BY SOURCE, 2019–2022 (USD MILLION)

TABLE 98 NORTH AMERICA: MARKET, BY SOURCE, 2023–2028 (USD MILLION)

TABLE 99 NORTH AMERICA: MARKET, BY SOURCE, 2019–2022 (TONS)

TABLE 100 NORTH AMERICA: MARKET, BY SOURCE, 2023–2028 (TONS)

9.3.1 RECESSION IMPACT ON NORTH AMERICA

9.3.2 US

9.3.2.1 Presence of abundant lithium reserves to drive market

TABLE 101 US: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 102 US: LITHIUM METALS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

TABLE 103 US: MARKET, BY APPLICATION, 2019–2022 (TONS)

TABLE 104 US: MARKET, BY APPLICATION, 2023–2028 (TONS)

9.3.3 CANADA

9.3.3.1 Growth of electronics sector to propel market

TABLE 105 CANADA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 106 CANADA: LITHIUM METALS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

TABLE 107 CANADA: MARKET, BY APPLICATION, 2019–2022 (TONS)

TABLE 108 CANADA: MARKET, BY APPLICATION, 2023–2028 (TONS)

9.3.4 MEXICO

9.3.4.1 Demand for por TABLE electronic devices to boost market

TABLE 109 MEXICO: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 110 MEXICO: LITHIUM METALS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

TABLE 111 MEXICO: MARKET, BY APPLICATION, 2019–2022 (TONS)

TABLE 112 MEXICO: MARKET, BY APPLICATION, 2023–2028 (TONS)

9.4 EUROPE

FIGURE 34 EUROPE: LITHIUM METAL MARKET SNAPSHOT

9.4.1 RECESSION IMPACT ON EUROPE

TABLE 113 EUROPE: LITHIUM METAL MARKET, BY COUNTRY, 2019–2022 (USD MILLION)

TABLE 114 EUROPE: LITHIUM METALS MARKET, BY COUNTRY, 2019–2022 (USD MILLION)

TABLE 115 EUROPE: MARKET, BY COUNTRY, 2019–2022 (TONS)

TABLE 116 EUROPE: MARKET, BY COUNTRY, 2023–2028 (TONS)

TABLE 117 EUROPE: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 118 EUROPE: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

TABLE 119 EUROPE: MARKET, BY APPLICATION, 2019–2022 (TONS)

TABLE 120 EUROPE: MARKET, BY APPLICATION, 2023–2028 (TONS)

TABLE 121 EUROPE: MARKET, BY SOURCE, 2019–2022 (USD MILLION)

TABLE 122 EUROPE: MARKET, BY SOURCE, 2023–2028 (USD MILLION)

TABLE 123 EUROPE: MARKET, BY SOURCE, 2019–2022 (TONS)

TABLE 124 EUROPE: MARKET, BY SOURCE, 2023–2028 (TONS)

9.4.2 HUNGARY

9.4.2.1 Investments in lithium extraction technologies to fuel market

TABLE 125 HUNGARY: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 126 HUNGARY: LITHIUM METALS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

TABLE 127 HUNGARY: MARKET, BY APPLICATION, 2019–2022 (TONS)

TABLE 128 HUNGARY: MARKET, BY APPLICATION, 2023–2028 (TONS)

9.4.3 UK

9.4.3.1 Growth of consumer electronics industry to drive market

TABLE 129 UK: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 130 UK: LITHIUM METALS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

TABLE 131 UK: MARKET, BY APPLICATION, 2019–2022 (TONS)

TABLE 132 UK: MARKET, BY APPLICATION, 2023–2028 (TONS)

9.4.4 SWEDEN

9.4.4.1 Emergence of local manufacturers to surge demand for lithium metal

TABLE 133 SWEDEN: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 134 SWEDEN: LITHIUM METALS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

TABLE 135 SWEDEN: MARKET, BY APPLICATION, 2019–2022 (TONS)

TABLE 136 SWEDEN: MARKET, BY APPLICATION, 2023–2028 (TONS)

9.4.5 GERMANY

9.4.5.1 Investments in lithium battery manufacturing to propel market

TABLE 137 GERMANY: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 138 GERMANY: LITHIUM METALS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

TABLE 139 GERMANY: MARKET, BY APPLICATION, 2019–2022 (TONS)

TABLE 140 GERMANY: MARKET, BY APPLICATION, 2023–2028 (TONS)

9.4.6 POLAND

9.4.6.1 Industrial collaborations to boost market

TABLE 141 POLAND: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 142 POLAND: LITHIUM METALS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

TABLE 143 POLAND: MARKET, BY APPLICATION, 2019–2022 (TONS)

TABLE 144 POLAND: MARKET, BY APPLICATION, 2023–2028 (TONS)

9.4.7 REST OF EUROPE

TABLE 145 REST OF EUROPE: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 146 REST OF EUROPE: LITHIUM METALS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

TABLE 147 REST OF EUROPE: MARKET, BY APPLICATION, 2019–2022 (TONS)

TABLE 148 REST OF EUROPE: MARKET, BY APPLICATION, 2023–2028 (TONS)

9.5 REST OF THE WORLD

9.5.1 RECESSION IMPACT ON REST OF THE WORLD

TABLE 149 REST OF THE WORLD: LITHIUM METAL MARKET, BY COUNTRY, 2019–2022 (USD MILLION)

TABLE 150 REST OF THE WORLD: LITHIUM METALS MARKET, BY COUNTRY, 2023–2028 (USD MILLION)

TABLE 151 REST OF THE WORLD: MARKET, BY COUNTRY, 2019–2022 (TONS)

TABLE 152 REST OF THE WORLD: MARKET, BY COUNTRY, 2023–2028 (TONS)

TABLE 153 REST OF THE WORLD: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 154 REST OF THE WORLD: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

TABLE 155 REST OF THE WORLD: MARKET, BY APPLICATION, 2019–2022 (TONS)

TABLE 156 REST OF THE WORLD: MARKET, BY APPLICATION, 2023–2028 (TONS)

TABLE 157 REST OF THE WORLD: MARKET, BY SOURCE, 2019–2022 (USD MILLION)

TABLE 158 REST OF THE WORLD: MARKET, BY SOURCE, 2023–2028 (USD MILLION)

TABLE 159 REST OF THE WORLD: MARKET, BY SOURCE, 2019–2022 (TONS)

TABLE 160 REST OF THE WORLD: MARKET, BY SOURCE, 2023–2028 (TONS)

9.5.2 MIDDLE EAST & AFRICA

9.5.2.1 Government initiatives and rising disposable income to drive market

TABLE 161 MIDDLE EAST & AFRICA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 162 MIDDLE EAST & AFRICA: LITHIUM METALS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

TABLE 163 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2019–2022 (TONS)

TABLE 164 MIDDLE EAST & AFRICA: MARKET, BY APPLICATION, 2023–2028 (TONS)

9.5.3 SOUTH AMERICA

9.5.3.1 Large lithium reserves and foreign investments to boost market

TABLE 165 SOUTH AMERICA: LITHIUM METAL MARKET, BY APPLICATION, 2019–2022 (USD MILLION)

TABLE 166 SOUTH AMERICA: LITHIUM METALS MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

TABLE 167 SOUTH AMERICA: MARKET, BY APPLICATION, 2019–2022 (TONS)

TABLE 168 SOUTH AMERICA: MARKET, BY APPLICATION, 2023–2028 (TONS)

10 COMPETITIVE LANDSCAPE (Page No. - 123)

10.1 INTRODUCTION

10.2 STRATEGIES ADOPTED BY KEY MARKET PLAYERS

TABLE 169 STRATEGIES ADOPTED BY KEY LITHIUM METAL MANUFACTURERS

10.3 MARKET SHARE ANALYSIS

10.3.1 RANKING OF KEY MARKET PLAYERS

FIGURE 35 RANKING OF TOP FIVE PLAYERS IN LITHIUM METAL MARKET, 2022

10.3.2 MARKET SHARE OF KEY PLAYERS

TABLE 170 LITHIUM METAL MARKET: DEGREE OF COMPETITION

FIGURE 36 GANFENG LITHIUM GROUP CO., LTD. LED LITHIUM METAL MARKET IN 2022

10.3.3 REVENUE ANALYSIS OF TOP PLAYERS IN LITHIUM METAL MARKET

FIGURE 37 TOP FIVE PLAYERS—REVENUE ANALYSIS (2017–2021)

10.4 COMPANY FOOTPRINT

FIGURE 38 LITHIUM METAL MARKET: COMPANY OVERALL FOOTPRINT

TABLE 171 LITHIUM METALS MARKET: END-USE INDUSTRY FOOTPRINT

TABLE 172 LITHIUM METAL MARKET: SOURCE FOOTPRINT

TABLE 173 LITHIUM METALS MARKET: REGION FOOTPRINT

10.5 COMPANY EVALUATION QUADRANT, 2022

10.5.1 STARS

10.5.2 EMERGING LEADERS

10.5.3 PERVASIVE PLAYERS

10.5.4 PARTICIPANTS

FIGURE 39 COMPANY EVALUATION QUADRANT FOR LITHIUM METAL MARKET (TIER 1)

10.6 STARTUP/SME EVALUATION QUADRANT, 2022

10.6.1 PROGRESSIVE COMPANIES

10.6.2 DYNAMIC COMPANIES

10.6.3 RESPONSIVE COMPANIES

10.6.4 STARTING BLOCKS

FIGURE 40 STARTUP/SME EVALUATION QUADRANT FOR LITHIUM METAL MARKET

10.7 COMPETITIVE BENCHMARKING

TABLE 174 LITHIUM METAL MARKET: DETAILED LIST OF KEY STARTUPS/SMES

TABLE 175 LITHIUM METALS MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES

10.8 COMPETITIVE SCENARIO

TABLE 176 LITHIUM METAL MARKET: DEALS, 2018–2022

TABLE 177 LITHIUM METALS MARKET: OTHER DEVELOPMENTS, 2018–2022

11 COMPANY PROFILES (Page No. - 139)

(Business overview, Products offered, Recent developments & MnM View)*

11.1 KEY PLAYERS

11.1.1 ALBEMARLE CORPORATION

TABLE 178 ALBEMARLE CORPORATION: COMPANY OVERVIEW

FIGURE 41 ALBEMARLE CORPORATION: COMPANY SNAPSHOT

11.1.2 LIVENT

TABLE 179 LIVENT: COMPANY OVERVIEW

FIGURE 42 LIVENT: COMPANY SNAPSHOT

11.1.3 TIANQI LITHIUM CO., LTD.

TABLE 180 TIANQI LITHIUM CO., LTD.: COMPANY OVERVIEW

FIGURE 43 TIANQI LITHIUM CO., LTD.: COMPANY SNAPSHOT

11.1.4 GANFENG LITHIUM GROUP CO., LTD.

TABLE 181 GANFENG LITHIUM GROUP CO., LTD.: COMPANY OVERVIEW

FIGURE 44 GANFENG LITHIUM GROUP CO., LTD.: COMPANY SNAPSHOT

11.1.5 SHENZHEN CHENGXIN LITHIUM GROUP CO., LTD.

TABLE 182 SHENZHEN CHENGXIN LITHIUM GROUP CO., LTD.: COMPANY OVERVIEW

FIGURE 45 SHENZHEN CHENGXIN LITHIUM GROUP CO., LTD.: COMPANY SNAPSHOT

11.1.6 CHINA LITHIUM PRODUCTS TECHNOLOGY CO., LTD.

TABLE 183 CHINA LITHIUM PRODUCTS TECHNOLOGY CO., LTD.: COMPANY OVERVIEW

11.2 OTHER PLAYERS

11.2.1 SHANGHAI CHINA LITHIUM INDUSTRIAL CO., LTD.

TABLE 184 SHANGHAI CHINA LITHIUM INDUSTRIAL CO., LTD.: COMPANY OVERVIEW

11.2.2 CHINA ENERGY LITHIUM CO., LTD.

TABLE 185 CHINA ENERGY LITHIUM CO., LTD.: COMPANY OVERVIEW

11.2.3 CNNC JIANZHONG NUCLEAR FUEL CO., LTD.

TABLE 186 CNNC JIANZHONG NUCLEAR FUEL CO., LTD.: COMPANY OVERVIEW

11.2.4 SHANDONG RUIFU LITHIUM INDUSTRY CO., LTD.

TABLE 187 SHANDONG RUIFU LITHIUM INDUSTRY CO., LTD.: COMPANY OVERVIEW

11.2.5 OTTO CHEMIE PVT. LTD.

TABLE 188 OTTO CHEMIE PVT. LTD.: COMPANY OVERVIEW

11.2.6 CMP

TABLE 189 CMP: COMPANY OVERVIEW

11.2.7 LI-METAL CORP.

TABLE 190 LI-METAL CORP: COMPANY OVERVIEW

11.2.8 PURE LITHIUM

TABLE 191 PURE LITHIUM: COMPANY OVERVIEW

11.2.9 AMERICAN ELEMENTS

TABLE 192 AMERICAN ELEMENTS: COMPANY OVERVIEW

11.2.10 OXFORD LAB FINE CHEM LLP

TABLE 193 OXFORD LAB FINE CHEM LLP: COMPANY OVERVIEW

11.2.11 THE HONJO CHEMICAL CORPORATION

TABLE 194 THE HONJO CHEMICAL CORPORATION: COMPANY OVERVIEW

11.2.12 ALPHA-EN CORPORATION

TABLE 195 ALPHA-EN CORPORATION: COMPANY OVERVIEW

11.2.13 SPECTRUM CHEMICAL

TABLE 196 SPECTRUM CHEMICAL: COMPANY OVERVIEW

*Details on Business overview, Products offered, Recent developments & MnM View might not be captured in case of unlisted companies.

12 ADJACENT AND RELATED MARKETS (Page No. - 167)

12.1 INTRODUCTION

12.2 LIMITATIONS

12.3 CYCLOPENTANE INTERCONNECTED MARKETS

12.3.1 LITHIUM COMPOUNDS MARKET

12.3.1.1 Market definition

12.3.1.2 Market overview

12.3.1.3 Lithium compounds market, by end-use industry

12.3.1.3.1 Lithium-ion batteries

12.3.1.3.2 Glass & ceramics

12.3.1.3.3 Medical

12.3.1.3.4 Lubricants

12.3.1.3.5 Metallurgy

12.3.1.3.6 Polymers

12.3.1.3.7 Others

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)

12.3.2 LITHIUM-ION BATTERY MARKET

12.3.2.1 Market definition

12.3.2.2 Market overview

12.3.2.3 Lithium-ion battery market, by capacity

12.3.2.3.1 0–3,000 mAh

12.3.2.3.2 3,000–10,000 mAh

12.3.2.3.3 10,000–60,000 mAh

12.3.2.3.4 60,000 mAh and above

TABLE 199 LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2018–2021 (USD MILLION)

TABLE 200 LITHIUM-ION BATTERY MARKET, BY CAPACITY, 2022–2031 (USD MILLION)

13 APPENDIX (Page No. - 175)

13.1 DISCUSSION GUIDE

13.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL

13.3 CUSTOMIZATION OPTIONS

13.4 RELATED REPORTS

13.5 AUTHOR DETAILS

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:

Lithium Metal Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

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 industry, 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.

Global Lithium Metal Market Size: Bottom-Up Approach

Lithium Metal Market Size, and Share

To know about the assumptions considered for the study, Request for Free Sample Report

Global Lithium Metal Market Size: Top-Down Approach

Lithium Metal Market Size, and Share

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.

Key Stakeholder

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

Available Customizations:

With the given market data, MarketsandMarkets offers customizations according to client-specific needs.

The following customization options are available for the report:

Additional country-level analysis of the lithium metal market
Profiling of additional market players (up to 5)

Product Analysis

Product matrix, which gives a detailed comparison of the product portfolio of each company.

Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.