The global market for Lithium Carbonate was estimated to be worth US$ 25770 million in 2024 and is forecast to a readjusted size of US$ 90030 million by 2031 with a CAGR of 19.9% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Lithium Carbonate cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Lithium carbonate (Li2CO3) is an inorganic compound, typically a white crystalline or powdery solid, that is readily soluble in water. It is one of the most important basic chemical raw materials for lithium salts and possesses high thermal and chemical stability. In 2024, global Lithium Carbonate production reached approximately 822 K MT, with an average global market price of around US$ 31357 per MT.
The lithium carbonate market is driven by its role as a critical raw material in the global energy transition. Upstream, production comes primarily from two sources: hard rock lithium ores (such as spodumene, mainly in Australia) and brine deposits (notably in South America's "Lithium Triangle" of Chile, Argentina, and Bolivia, as well as in China). These resources are processed into lithium carbonate through chemical refining, with supply dynamics influenced by mining capacity, extraction technologies, and environmental regulations.
Downstream, lithium carbonate is indispensable for lithium-ion battery manufacturing, especially in cathode materials such as lithium iron phosphate (LFP) and nickel-manganese-cobalt (NMC) chemistries, which are widely used in electric vehicles and energy storage systems. Beyond batteries, it is also consumed in glass and ceramics for improved durability, in lubricants, polymers, and pharmaceuticals for specialty applications, and in aluminum production as a flux. The rapid growth of EV adoption and grid-scale storage has shifted demand heavily toward the battery sector, making it the dominant driver of the lithium carbonate market today. At present, the single-line production capacity of 4,000 tons/year has been gradually eliminated, and the production capacity of new production lines will be above 10,000-20,000 tons/year.
This report aims to provide a comprehensive presentation of the global market for Lithium Carbonate, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Lithium Carbonate by region & country, by Type, and by Application.
The Lithium Carbonate market size, estimations, and forecasts are provided in terms of sales volume (K MT) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Lithium Carbonate.
Market Segmentation
By Company
- SQM
- Albemarle
- FMC
- Orocobre
- Tianqi Lithium Industry
- Ganfeng Lithium Industry
- Ruifu Lithium Industry
- Shengxin Lithium Energy
- Salt Lake Industry
- Yahua Industrial
- Ronghuitong Lithium Industry
- Zangge Mining
- Zhicun Lithium Industry
Segment by Type
- Industrial Grade Lithium Carbonate
- Battery Grade Lithium Carbonate
Segment by Application
- Batteries
- Glass and Ceramics
- Medical
- Lubricating Oil
- Metallurgy
- Other
By Region
- North America
- Asia-Pacific
- China
- Japan
- South Korea
- Southeast Asia
- India
- Australia
- Rest of Asia-Pacific
- Europe
- Germany
- France
- U.K.
- Italy
- Netherlands
- Nordic Countries
- Rest of Europe
- Latin America
- Mexico
- Brazil
- Rest of Latin America
- Middle East & Africa
- Turkey
- Saudi Arabia
- UAE
- Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Lithium Carbonate manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Lithium Carbonate in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Lithium Carbonate in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.
Table of Contents
1 Market Overview
- 1.1 Lithium Carbonate Product Introduction
- 1.2 Global Lithium Carbonate Market Size Forecast
- 1.2.1 Global Lithium Carbonate Sales Value (2020-2031)
- 1.2.2 Global Lithium Carbonate Sales Volume (2020-2031)
- 1.2.3 Global Lithium Carbonate Sales Price (2020-2031)
- 1.3 Lithium Carbonate Market Trends & Drivers
- 1.3.1 Lithium Carbonate Industry Trends
- 1.3.2 Lithium Carbonate Market Drivers & Opportunity
- 1.3.3 Lithium Carbonate Market Challenges
- 1.3.4 Lithium Carbonate Market Restraints
- 1.4 Assumptions and Limitations
- 1.5 Study Objectives
- 1.6 Years Considered
2 Competitive Analysis by Company
- 2.1 Global Lithium Carbonate Players Revenue Ranking (2024)
- 2.2 Global Lithium Carbonate Revenue by Company (2020-2025)
- 2.3 Global Lithium Carbonate Players Sales Volume Ranking (2024)
- 2.4 Global Lithium Carbonate Sales Volume by Company Players (2020-2025)
- 2.5 Global Lithium Carbonate Average Price by Company (2020-2025)
- 2.6 Key Manufacturers Lithium Carbonate Manufacturing Base and Headquarters
- 2.7 Key Manufacturers Lithium Carbonate Product Offered
- 2.8 Key Manufacturers Time to Begin Mass Production of Lithium Carbonate
- 2.9 Lithium Carbonate Market Competitive Analysis
- 2.9.1 Lithium Carbonate Market Concentration Rate (2020-2025)
- 2.9.2 Global 5 and 10 Largest Manufacturers by Lithium Carbonate Revenue in 2024
- 2.9.3 Global Top Manufacturers by Company Type (Tier 1, Tier 2, and Tier 3) & (based on the Revenue in Lithium Carbonate as of 2024)
- 2.10 Mergers & Acquisitions, Expansion
3 Segmentation by Type
- 3.1 Introduction by Type
- 3.1.1 Industrial Grade Lithium Carbonate
- 3.1.2 Battery Grade Lithium Carbonate
- 3.2 Global Lithium Carbonate Sales Value by Type
- 3.2.1 Global Lithium Carbonate Sales Value by Type (2020 VS 2024 VS 2031)
- 3.2.2 Global Lithium Carbonate Sales Value, by Type (2020-2031)
- 3.2.3 Global Lithium Carbonate Sales Value, by Type (%) (2020-2031)
- 3.3 Global Lithium Carbonate Sales Volume by Type
- 3.3.1 Global Lithium Carbonate Sales Volume by Type (2020 VS 2024 VS 2031)
- 3.3.2 Global Lithium Carbonate Sales Volume, by Type (2020-2031)
- 3.3.3 Global Lithium Carbonate Sales Volume, by Type (%) (2020-2031)
- 3.4 Global Lithium Carbonate Average Price by Type (2020-2031)
4 Segmentation by Application
- 4.1 Introduction by Application
- 4.1.1 Batteries
- 4.1.2 Glass and Ceramics
- 4.1.3 Medical
- 4.1.4 Lubricating Oil
- 4.1.5 Metallurgy
- 4.1.6 Other
- 4.2 Global Lithium Carbonate Sales Value by Application
- 4.2.1 Global Lithium Carbonate Sales Value by Application (2020 VS 2024 VS 2031)
- 4.2.2 Global Lithium Carbonate Sales Value, by Application (2020-2031)
- 4.2.3 Global Lithium Carbonate Sales Value, by Application (%) (2020-2031)
- 4.3 Global Lithium Carbonate Sales Volume by Application
- 4.3.1 Global Lithium Carbonate Sales Volume by Application (2020 VS 2024 VS 2031)
- 4.3.2 Global Lithium Carbonate Sales Volume, by Application (2020-2031)
- 4.3.3 Global Lithium Carbonate Sales Volume, by Application (%) (2020-2031)
- 4.4 Global Lithium Carbonate Average Price by Application (2020-2031)
5 Segmentation by Region
- 5.1 Global Lithium Carbonate Sales Value by Region
- 5.1.1 Global Lithium Carbonate Sales Value by Region: 2020 VS 2024 VS 2031
- 5.1.2 Global Lithium Carbonate Sales Value by Region (2020-2025)
- 5.1.3 Global Lithium Carbonate Sales Value by Region (2026-2031)
- 5.1.4 Global Lithium Carbonate Sales Value by Region (%), (2020-2031)
- 5.2 Global Lithium Carbonate Sales Volume by Region
- 5.2.1 Global Lithium Carbonate Sales Volume by Region: 2020 VS 2024 VS 2031
- 5.2.2 Global Lithium Carbonate Sales Volume by Region (2020-2025)
- 5.2.3 Global Lithium Carbonate Sales Volume by Region (2026-2031)
- 5.2.4 Global Lithium Carbonate Sales Volume by Region (%), (2020-2031)
- 5.3 Global Lithium Carbonate Average Price by Region (2020-2031)
- 5.4 North America
- 5.4.1 North America Lithium Carbonate Sales Value, 2020-2031
- 5.4.2 North America Lithium Carbonate Sales Value by Country (%), 2024 VS 2031
- 5.5 Europe
- 5.5.1 Europe Lithium Carbonate Sales Value, 2020-2031
- 5.5.2 Europe Lithium Carbonate Sales Value by Country (%), 2024 VS 2031
- 5.6 Asia Pacific
- 5.6.1 Asia Pacific Lithium Carbonate Sales Value, 2020-2031
- 5.6.2 Asia Pacific Lithium Carbonate Sales Value by Region (%), 2024 VS 2031
- 5.7 South America
- 5.7.1 South America Lithium Carbonate Sales Value, 2020-2031
- 5.7.2 South America Lithium Carbonate Sales Value by Country (%), 2024 VS 2031
- 5.8 Middle East & Africa
- 5.8.1 Middle East & Africa Lithium Carbonate Sales Value, 2020-2031
- 5.8.2 Middle East & Africa Lithium Carbonate Sales Value by Country (%), 2024 VS 2031
6 Segmentation by Key Countries/Regions
- 6.1 Key Countries/Regions Lithium Carbonate Sales Value Growth Trends, 2020 VS 2024 VS 2031
- 6.2 Key Countries/Regions Lithium Carbonate Sales Value and Sales Volume
- 6.2.1 Key Countries/Regions Lithium Carbonate Sales Value, 2020-2031
- 6.2.2 Key Countries/Regions Lithium Carbonate Sales Volume, 2020-2031
- 6.3 United States
- 6.3.1 United States Lithium Carbonate Sales Value, 2020-2031
- 6.3.2 United States Lithium Carbonate Sales Value by Type (%), 2024 VS 2031
- 6.3.3 United States Lithium Carbonate Sales Value by Application, 2024 VS 2031
- 6.4 Europe
- 6.4.1 Europe Lithium Carbonate Sales Value, 2020-2031
- 6.4.2 Europe Lithium Carbonate Sales Value by Type (%), 2024 VS 2031
- 6.4.3 Europe Lithium Carbonate Sales Value by Application, 2024 VS 2031
- 6.5 China
- 6.5.1 China Lithium Carbonate Sales Value, 2020-2031
- 6.5.2 China Lithium Carbonate Sales Value by Type (%), 2024 VS 2031
- 6.5.3 China Lithium Carbonate Sales Value by Application, 2024 VS 2031
- 6.6 Japan
- 6.6.1 Japan Lithium Carbonate Sales Value, 2020-2031
- 6.6.2 Japan Lithium Carbonate Sales Value by Type (%), 2024 VS 2031
- 6.6.3 Japan Lithium Carbonate Sales Value by Application, 2024 VS 2031
- 6.7 South Korea
- 6.7.1 South Korea Lithium Carbonate Sales Value, 2020-2031
- 6.7.2 South Korea Lithium Carbonate Sales Value by Type (%), 2024 VS 2031
- 6.7.3 South Korea Lithium Carbonate Sales Value by Application, 2024 VS 2031
- 6.8 Southeast Asia
- 6.8.1 Southeast Asia Lithium Carbonate Sales Value, 2020-2031
- 6.8.2 Southeast Asia Lithium Carbonate Sales Value by Type (%), 2024 VS 2031
- 6.8.3 Southeast Asia Lithium Carbonate Sales Value by Application, 2024 VS 2031
- 6.9 India
- 6.9.1 India Lithium Carbonate Sales Value, 2020-2031
- 6.9.2 India Lithium Carbonate Sales Value by Type (%), 2024 VS 2031
- 6.9.3 India Lithium Carbonate Sales Value by Application, 2024 VS 2031
7 Company Profiles
- 7.1 SQM
- 7.1.1 SQM Company Information
- 7.1.2 SQM Introduction and Business Overview
- 7.1.3 SQM Lithium Carbonate Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.1.4 SQM Lithium Carbonate Product Offerings
- 7.1.5 SQM Recent Development
- 7.2 Albemarle
- 7.2.1 Albemarle Company Information
- 7.2.2 Albemarle Introduction and Business Overview
- 7.2.3 Albemarle Lithium Carbonate Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.2.4 Albemarle Lithium Carbonate Product Offerings
- 7.2.5 Albemarle Recent Development
- 7.3 FMC
- 7.3.1 FMC Company Information
- 7.3.2 FMC Introduction and Business Overview
- 7.3.3 FMC Lithium Carbonate Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.3.4 FMC Lithium Carbonate Product Offerings
- 7.3.5 FMC Recent Development
- 7.4 Orocobre
- 7.4.1 Orocobre Company Information
- 7.4.2 Orocobre Introduction and Business Overview
- 7.4.3 Orocobre Lithium Carbonate Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.4.4 Orocobre Lithium Carbonate Product Offerings
- 7.4.5 Orocobre Recent Development
- 7.5 Tianqi Lithium Industry
- 7.5.1 Tianqi Lithium Industry Company Information
- 7.5.2 Tianqi Lithium Industry Introduction and Business Overview
- 7.5.3 Tianqi Lithium Industry Lithium Carbonate Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.5.4 Tianqi Lithium Industry Lithium Carbonate Product Offerings
- 7.5.5 Tianqi Lithium Industry Recent Development
- 7.6 Ganfeng Lithium Industry
- 7.6.1 Ganfeng Lithium Industry Company Information
- 7.6.2 Ganfeng Lithium Industry Introduction and Business Overview
- 7.6.3 Ganfeng Lithium Industry Lithium Carbonate Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.6.4 Ganfeng Lithium Industry Lithium Carbonate Product Offerings
- 7.6.5 Ganfeng Lithium Industry Recent Development
- 7.7 Ruifu Lithium Industry
- 7.7.1 Ruifu Lithium Industry Company Information
- 7.7.2 Ruifu Lithium Industry Introduction and Business Overview
- 7.7.3 Ruifu Lithium Industry Lithium Carbonate Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.7.4 Ruifu Lithium Industry Lithium Carbonate Product Offerings
- 7.7.5 Ruifu Lithium Industry Recent Development
- 7.8 Shengxin Lithium Energy
- 7.8.1 Shengxin Lithium Energy Company Information
- 7.8.2 Shengxin Lithium Energy Introduction and Business Overview
- 7.8.3 Shengxin Lithium Energy Lithium Carbonate Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.8.4 Shengxin Lithium Energy Lithium Carbonate Product Offerings
- 7.8.5 Shengxin Lithium Energy Recent Development
- 7.9 Salt Lake Industry
- 7.9.1 Salt Lake Industry Company Information
- 7.9.2 Salt Lake Industry Introduction and Business Overview
- 7.9.3 Salt Lake Industry Lithium Carbonate Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.9.4 Salt Lake Industry Lithium Carbonate Product Offerings
- 7.9.5 Salt Lake Industry Recent Development
- 7.10 Yahua Industrial
- 7.10.1 Yahua Industrial Company Information
- 7.10.2 Yahua Industrial Introduction and Business Overview
- 7.10.3 Yahua Industrial Lithium Carbonate Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.10.4 Yahua Industrial Lithium Carbonate Product Offerings
- 7.10.5 Yahua Industrial Recent Development
- 7.11 Ronghuitong Lithium Industry
- 7.11.1 Ronghuitong Lithium Industry Company Information
- 7.11.2 Ronghuitong Lithium Industry Introduction and Business Overview
- 7.11.3 Ronghuitong Lithium Industry Lithium Carbonate Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.11.4 Ronghuitong Lithium Industry Lithium Carbonate Product Offerings
- 7.11.5 Ronghuitong Lithium Industry Recent Development
- 7.12 Zangge Mining
- 7.12.1 Zangge Mining Company Information
- 7.12.2 Zangge Mining Introduction and Business Overview
- 7.12.3 Zangge Mining Lithium Carbonate Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.12.4 Zangge Mining Lithium Carbonate Product Offerings
- 7.12.5 Zangge Mining Recent Development
- 7.13 Zhicun Lithium Industry
- 7.13.1 Zhicun Lithium Industry Company Information
- 7.13.2 Zhicun Lithium Industry Introduction and Business Overview
- 7.13.3 Zhicun Lithium Industry Lithium Carbonate Sales, Revenue, Price and Gross Margin (2020-2025)
- 7.13.4 Zhicun Lithium Industry Lithium Carbonate Product Offerings
- 7.13.5 Zhicun Lithium Industry Recent Development
8 Industry Chain Analysis
- 8.1 Lithium Carbonate Industrial Chain
- 8.2 Lithium Carbonate Upstream Analysis
- 8.2.1 Key Raw Materials
- 8.2.2 Raw Materials Key Suppliers
- 8.2.3 Manufacturing Cost Structure
- 8.3 Midstream Analysis
- 8.4 Downstream Analysis (Customers Analysis)
- 8.5 Sales Model and Sales Channels
- 8.5.1 Lithium Carbonate Sales Model
- 8.5.2 Sales Channel
- 8.5.3 Lithium Carbonate Distributors
9 Research Findings and Conclusion
10 Appendix
- 10.1 Research Methodology
- 10.1.1 Methodology/Research Approach
- 10.1.1.1 Research Programs/Design
- 10.1.1.2 Market Size Estimation
- 10.1.1.3 Market Breakdown and Data Triangulation
- 10.1.2 Data Source
- 10.1.2.1 Secondary Sources
- 10.1.2.2 Primary Sources
- 10.2 Author Details
- 10.3 Disclaimer