Lithium Carbonate Market, Demand, Volume, Price Range, and Industry Outlook Report

Introduction

Lithium carbonate (Li2CO3) is a white, odourless powder composed of lithium, carbon, and oxygen. It is primarily used in the production of lithium-ion batteries and lithium hydroxide. Lithium carbonate is also used in the pharmaceutical industry to treat bipolar disorder and as a stabilizing agent in the manufacturing of ceramics, glass, and other industrial applications.

Lithium carbonate is primarily produced from two raw materials: lithium-rich minerals (such as spodumene and petalite) and lithium-rich brines found in salt flats or underground reservoirs. Lithium is first extracted from these sources via methods like roasting (for minerals) or evaporation and precipitation (for brines). The extracted lithium is then treated with carbon dioxide to produce lithium carbonate, which is refined to achieve the required purity for various industrial applications.

Lithium Carbonate Market

Lithium Carbonate Market Segmentation

The Lithium Carbonate market is segmented by application into Battery Applications (sub-segmented into Electric Vehicles, Energy Storage, and Consumer Electronics & Others) and Non-Battery Applications (sub-segmented into Ceramics & Glass, Lubricating Greases, Aluminium Production, and Pharmaceuticals & Others). In electric vehicles, lithium carbonate is used in battery manufacturing, while in energy storage, it is employed in the production of batteries that store energy for grid management and renewable energy systems like solar and wind. Among its non-battery applications include its use in manufacturing heat-resistant materials like glass ceramics and specialty glass. It is also used in lubricating greases in industrial machinery. During aluminium production, lithium carbonate is employed as a fluxing agent to improve the efficiency of aluminium extraction. Other key uses include its use to treat bipolar disorder, and its use in cement production and air treatment. In terms of end-use, the lithium carbonate market is segmented into Automotive, Energy Storage, Consumer Electronics, Industrial, and Others.

The demand (consumption) split by application and by end-use has been provided for each of the countries/regions considered in the scope in Volume (kilo tons) and Value (USD Million).

Lithium Carbonate Market


Lithium Carbonate Market

Key producing companies in the global Lithium Carbonate market include Albemarle Corporation, SQM (Sociedad Química y Minera de Chile), Ganfeng Lithium, Livent Corporation, Tianqi Lithium, Orocobre Limited, Jiangxi Ganfeng Lithium, Manikaran Power Limited, Korean Zinc, Pilbara Minerals, Galaxy Resources, Lithium Americas Corp., Nemaska Lithium, Zhejiang Huayou Cobalt, and Hochschild Mining.

Recent Developments in the Lithium Carbonate Market

  • In December 2024, Rio Tinto announced a USD 2.5 billion investment to expand its lithium carbonate output at its Rincón de Salta site in Argentina. The project will use the direct lithium extraction (DLE) technology and construction is expected to commence mid-2025, with production targeted in 2028. The project would initially set up a 3 kilo tons/year plant, later expanding it to 60 kilo tons/year.

Lithium Carbonate Market


Lithium Carbonate Market Dynamics

Driver: Rising Demand for Electric Vehicles

The rapid expansion of the EV market is one of the primary drivers for the lithium carbonate market. As more automakers shift towards EV production amid shift towards sustainability and tightening regulations, the need for lithium-ion batteries, which rely on lithium carbonate as a key component, will surge. With increasing EV adoption globally, lithium carbonate volumes over the forecast are poised to increase.

Restraint: High Extraction and Production Costs

The production of lithium carbonate, particularly from lithium-rich brines and hard rock, involves complex and costly extraction processes. Fluctuating raw materials costs, and energy and logistics prices, coupled with environmental concerns surrounding the mining and extraction methods of lithium carbonate, contribute to high production costs. This can act as a significant restraint for the market, limiting the ability of companies to scale production efficiently and making the price of lithium carbonate volatile, especially in regions with limited access to lithium resources.

The Lithium Carbonate report describes the global Lithium Carbonate market, with focus on the country, by application and by end-use. The study provides

Market Data & Forecast (Short-term and Long-term)

  • Demand Analysis
  • Demand Composition, by application and by end-use
  • Sales & Revenue
  • Pricing Analysis
  • Market Dynamics

Country Summaries & Product Review

  • Demand Balance
  • Lithium Carbonate Market data in terms of volume and value for each application and end-use at regional and country level
  • Historical, Current & Market Forecast
  • Macro-economic factors like GDP, Population and World Economic integration
  • Economic & Energy Outlook
  • Industry & Policy Developments
  • End-use Industry / Applications Market
  • Reasoning & Analysis
  • Insightful Commentary
  • Market Review
  • Comparative Analysis
  • Latest Trends and market developments
  • Key players
  • Strategic Issues and Recommendations
  • Business Opportunity Assessment

  1. Introduction
    • Scope
    • Market Coverage
      • Application
      • End-use
      • Regions
      • Countries
    • Years Considered
      • Historical - 2018 – 2023
      • Base - 2024
      • Forecast Period - 2025 – 2034
    • Research Methodology
      • Approach
      • Research Methodology
      • Prismane Consulting Market Models
      • Assumptions & Limitations
      • Abbreviations & Definitions
      • Conversion Factors
      • Data Sources
  1. Market Synopsis
    • Market Evolution
    • Demand Overview
    • Industry Structure
    • Strategic Issues
    • End-use Trends
    • Growth Forecast
  2. Economic & Energy Outlook
    • GDP and Demographics
    • Monetary & Fiscal Policies
    • Crude Oil Production and Prices
    • Natural Gas
    • Electricity Prices
  3. End-use Sector Performance
  4. Introduction to Lithium Carbonate and Market Overview
    • Product Description
    • Grades & Properties
    • Raw Material
    • Manufacturing Process
    • Environmental Issues
    • Value Chain
    • Types
    • Applications
  5. Market Dynamics and Industry Trends
    • Drivers
    • Restraints
    • Opportunities
    • Challenges
  6. Global Lithium Carbonate Demand Analysis, By Application, By End-use (Volume, Value) (2018–2034)
    • Strategic Issues
    • Demand Analysis and Forecast (2018 – 2034)
      • Demand
      • Demand Growth Rate (%)
      • Driving Force Analysis
    • Global Lithium Carbonate Market, By Application
      • Battery Applications
      • Electric Vehicles
      • Energy Storage
      • Consumer Electronics & Others
      • Non-Battery Applications
      • Ceramics & Glass
      • Lubricating Greases
      • Aluminium Production
      • Pharmaceuticals & Others
    • Global Lithium Carbonate Market, By End-use
      • Automotive
      • Energy Storage
      • Consumer Electronics
      • Industrial
      • Others
  1. Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2018– 2034)
    • Strategic Issues & Influencing Factors
    • Demand
    • Demand Growth Rate (%)
    • Lithium Carbonate Market, By Application
    • Lithium Carbonate Market, By End-use

Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand (consumption) split by application and by end-use has been provided for each of the countries/regions in Volume (kilo tons) and Value (USD Million).

  • North America
    • USA
    • Canada
    • Mexico
  • Western Europe
    • Germany
    • France
    • Italy
    • United Kingdom
    • Spain
    • Austria
    • Norway
    • Sweden
    • Portugal
    • Finland
    • Rest of Western Europe
  • Central & Eastern Europe
    • Russia
    • Turkey
    • Czech Republic
    • Romania
    • Serbia
    • Rest of Central & Eastern Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • Central & South America
    • Brazil
    • Argentina
    • Rest of Central & South America
  • Middle East & Africa
    • UAE
    • South Africa
    • Rest of Middle East & Africa

Note: CAGR will be calculated for Lithium Carbonate by application and by end-use to arrive at the regional/global demand growth for the forecast period (2025 – 2034)

  1. Pricing Analysis
    • Average Lithium Carbonate Prices, 2018-2034 (USD per ton)
      • By Country
      • By Region
    • Price Forecast
  2. Key Strategic Issues
  3. Business Opportunity Assessment
    • Market Attractiveness Assessment
    • Prospective & Target Market Study
  4. Strategic Recommendation & Suggestions
  5. Company Analysis and Market Share Analysis
    • Lithium Carbonate Manufacturers Profiles/ Company Analysis
      • Basic Details
      • Headquarters, Key Markets
      • Ownership
      • Company Financial
      • Manufacturing Bases
      • Global Turnover
      • Total Employee
      • Product Portfolio / Services / Solutions
      • Key Business Strategies adopted and Prismane Consulting Overview
      • Recent Developments
      • Companies Covered
    • Albemarle Corporation
    • SQM (Sociedad Química y Minera de Chile)
    • Ganfeng Lithium
    • Livent Corporation
    • Tianqi Lithium
    • Orocobre Limited
    • Jiangxi Ganfeng Lithium
    • Manikaran Power Limited
    • Korean Zinc
    • Pilbara Minerals
    • Galaxy Resources
    • Lithium Americas Corp.
    • Nemaska Lithium
    • Zhejiang Huayou Cobalt
    • Hochschild Mining
    • Other Manufacturers

Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.

  1. Appendices
    • Demand - Regions
    • Demand - Countries


 

The Lithium Carbonate report describes the global Lithium Carbonate market, with focus on the country, by application and by end-use. The study provides

Market Data & Forecast (Short-term and Long-term)

  • Demand Analysis
  • Demand Composition, by application and by end-use
  • Sales & Revenue
  • Pricing Analysis
  • Market Dynamics

Country Summaries & Product Review

  • Demand Balance
  • Lithium Carbonate Market data in terms of volume and value for each application and end-use at regional and country level
  • Historical, Current & Market Forecast
  • Macro-economic factors like GDP, Population and World Economic integration
  • Economic & Energy Outlook
  • Industry & Policy Developments
  • End-use Industry / Applications Market
  • Reasoning & Analysis
  • Insightful Commentary
  • Market Review
  • Comparative Analysis
  • Latest Trends and market developments
  • Key players
  • Strategic Issues and Recommendations
  • Business Opportunity Assessment