Lithium Compounds companies

  • Report ID: 3066
  • Published Date: Jul 22, 2025
  • Report Format: PDF, PPT

Key Lithium Compounds Market Players:

    The lithium compounds market is primarily controlled by a select few global entities, mainly from the USA, China, and Australia, highlighting their dominance in the sourcing of raw materials and processing technologies. Companies such as Albemarle and SQM are at the forefront, benefiting from integrated supply chains and strategic alliances. Major players are concentrating on increasing production capacity, ensuring sustainable sourcing, and investing in research and development to create more environmentally friendly technologies, in response to the growing demand from battery manufacturers and the global regulatory landscape. The table below details the list of the top 15 global lithium compounds manufacturers by market share and country of origin:

    Top 15 Global Lithium Compounds Manufacturers

    Company Name

    Country

    Estimated Market Share (%)

    Albemarle Corporation

    USA

    19%

    Sociedad Química y Minera (SQM)

    Chile (South America)

    16%

    Ganfeng Lithium Co., Ltd.

    China

    15%

    Livent Corporation

    USA

    10%

    Tianqi Lithium Corporation

    China

    9%

    Mitsubishi Chemical Holdings

    Japan

    xx%

    Jiangxi Ganfeng Lithium Co., Ltd.

    China

    xx%

    Livent Corporation

    USA

    xx%

    Mineral Resources Limited

    Australia

    xx%

    SQM Australia

    Australia

    xx%

    POSCO Holdings

    South Korea

    xx%

    Indian Rare Earths Limited

    India

    xx%

    BASF SE

    Germany

    xx%

    Lotte Chemical

    South Korea

    xx%

    Malaysian Lithium Resources

    Malaysia

    xx%

     Here are a few areas of focus covered in the competitive landscape of the lithium compounds market:

    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis

Browse key industry insights with market data tables & charts from the report:

Frequently Asked Questions (FAQ)

In the year 2024, the industry size of lithium compounds was over USD 10.1 billion.

The market size for lithium compounds is projected to cross USD 31.7 billion by the end of 2034, expanding at a CAGR of 12.5% during the forecast period, i.e., between 2025 and 2034.

The major players in the market are Albemarle Corporation, Ganfeng Lithium Co. Ltd., Sociedad Química y Minera de Chile (SQM), Tianqi Lithium Corporation, Livent Corporation, Lithium Americas Corp, and others.

The lithium carbonate segment is predicted to gain the largest market share of 47% during the projected period.

The Asia Pacific lithium compounds sector is poised to hold a 55% share by the end of 2034.
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