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

1. Lithium Metal Market worth $6.4 billion by 2028 - Exclusive Report by MarketsandMarkets™

2. Scope of The Report
By Source
The research report categorizes the Lithium Metal Market to forecast the revenues and analyse t
he trends in each of the following subsegments :
• Salt Lake brine
• Lithium Ores
And More…
• Lithium-ion anode material
• Alloy
• Intermediate
By Application
Browse in-depth TOC on “Lithium Metal Market”
200 -Tables
45- Figures
180 - Pages
By End-Use Industry
• Batteries
• Metal Processing
• Pharmaceuticals

3. Key Segments & Report Highlights
Automotive & transportation industry is expected to grow at a highest CAGR,
in terms of both value and volume.
By application, the lithium-ion anode material segment accounted for the
highest share of the lithium metal market from 2023 to 2028.
Asia Pacific is the largest region in the Lithium metal market.
Asia Pacific is expected to be the largest market for Lithium Metal M
arket during the forecast period.
By source, the salt lake brine segment accounted for the highest sh
are of the lithium metal market from 2023 to 2028.
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2
3
4
5

4. Lithium Metal Market Growth Rate
Lithium Metal Market Dynamics -
• Driver: Growing demand for lithium metal in lithium batteries
• Restraint: Concentration of lithium deposits in a few countries can create supply chain issues
• Opportunity: Adoption of lithium metal in manufacturing alloys for high end industry
• Challenge: Safety issues related to the production of lithium metal
• Based on the source, the salt lake brine segment is projected to grow significantly during the forecast period.
• Based on application, the lithium-ion anode material segment accounts for the largest share of the overall market.
• Asia Pacific is expected to account for the largest share of the global market during the forecast period.
2028
Market Size of
$2.5 Billion
Market Size of
$6.4 Billion
2023

5. Infographics Repots

6. Key Vendors
• 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. (China)
Vendors in Lithium Metal Market Industry
View Report Here - https://www.marketsandmarkets.com/Market-Reports/lithiu
m-metal-market-48900800.html

7. Regions :
• North America
• APAC
• Europe
• Latin America
• MEA
The global lithium metal
market is expected to be
worth USD 6.4 billion by 2028,
growing at a CAGR of 20.4%
during the forecast period.
CAGROF
20.4%
LIT
HIUMMET
ALMARKET
2022 2023 2028
North America Asia Pacific Europe Rest of the World
6.4
2.5
2.2
20.4%

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

9. Research Coverage
The report defines, segments, and projects the size of the lithium metal market ba
sed on source, application, and region. It strategically profiles the key players and
comprehensively analyzes their market share and core competencies. It also track
s and analyzes competitive developments, such as
expansions, agreements, and acquisitions undertaken by them in the market.

10. Reasons to buy the Lithium Metal Market Report
The report is expected to help the market leaders/new entrants by providing them with the closest approximations of revenue numbers of the lithium
metal market and its segments. This report is also expected to help stakeholders obtain an improved understanding of the market's competitive lan
dscape, gain insights to improve the position of their businesses, and make suitable go-to-market strategies. It also enables stakeholders to underst
and the pulse of the market and provides them with information on key market drivers, restraints, challenges, and opportunities.
The report provides insights on the following pointers:
Analysis of key drivers (growing demand for lithium metal in lithium batteries, increasing government initiatives to enhance lithium metal), restraint
s (concentration of lithium deposits in few countries can create supply chain issues, availability of alternate materials and technology that can replac
e lithium metal), opportunities (adoption of lithium metal in the pharmaceutical industry, high adoption of lithium metal in aerospace and defense in
dustries), and challenges (production challenges in lithium metal, environmental concerns related to lithium metal production) influencing the growt
h of the lithium metal market.
• Product Development/Innovation: Detailed insights on upcoming technologies, research and development activities in the lithium metal market.
• Market Development: Comprehensive information about lucrative markets – the report analyses
the lithium metal market across varied regions.
• Market Diversification: Exhaustive information about new products & services, untapped
geographies, recent developments, and investments in the lithium metal market.
• Competitive Assessment: In-depth assessment of market shares, growth strategies, and service
offerings of leading players like Ganfeng Lithium Co., Ltd. (China), Tianqui Lithium Industries Inc. (China), Shenzhen Chengxin Lithium Group Co.,
Ltd. (China), Albemarle Corporation (US), Livent Corporation (US), among others in the lithium metal market.

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