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全球電池級鋰化合物市場 - 2024-2031

Global Battery Grade Lithium Compounds Market - 2024-2031

出版日期: 2024年02月09日 | 出版商:

DataM Intelligence | 英文 198 Pages | 商品交期: 最快1-2個工作天內

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簡介目錄

概述

2023年，全球電池級鋰化合物市場規模達56億美元，預計2031年將達到286億美元，2024-2031年預測期間CAGR為22.7%。

由於筆記型電腦、智慧型手機和穿戴式技術等攜帶式電子產品的廣泛使用，對電池級鋰化合物的需求正在強勁成長。隨著消費性設備變得更加複雜和能源密集型，人們仍然需要具有更高能量密度和更長使用壽命的先進鋰離子電池。這一趨勢尤其重要，因為技術進步導致功能更強大、尺寸更小的電子產品的誕生

由於世界轉向再生能源以控制太陽能和風能的間歇性，儲能系統 (ESS) 變得越來越昂貴。最先進的儲能技術由鋰離子電池提供，而鋰離子電池依賴優質鋰化合物。分散能源系統和電網規模儲能專案的擴張推動了對電池級鋰化合物的需求，這些專案正在促進再生能源併入電網。

亞太地區是全球電池級鋰化合物市場的成長地區之一，佔超過1/3的市場。電池級鋰化合物的需求量很大，很大程度上是由於亞太地區電動車市場的爆炸性擴張。政府激勵措施、環境立法和永續交通意識的增強正在推動中國、日本和韓國等國家採用電動車 (EV)。

動力學

增加儲能和再生能源解決方案

全球對再生能源和儲能系統（ESS）整合的推動推動了對電池級鋰化合物的需求。為了幫助建立更可靠和永續的能源基礎設施，鋰離子電池對於儲存太陽能和風能等再生能源產生的能源至關重要。

此外，對高品質鋰化合物的需求隨著儲能解決方案的部署而發展，例如大型電池儲存項目，以解決再生能源的間歇性問題。全球致力於實現清潔能源目標，這突顯了鋰化合物在提供有效的儲能解決方案和支援轉向更永續和分散的能源環境的重要性，進一步推動了這款引擎。

電動車需求不斷增加

電池級鋰化合物市場正在擴大，很大程度上是由於全球電動車需求不斷成長。隨著世界各國政府致力於降低碳排放並支持綠色交通，電動車的使用量大幅增加。電動車的主要儲能技術是鋰離子電池，其陰極設計採用電池級鋰化合物，例如碳酸鋰和氫氧化鋰。

例如，2023 年，Cornish Lithium 投資 5,790 萬美元，以提高英國電池級鋰的生產，這對電動車 (EV) 和再生能源儲存至關重要。這筆資金將加速國內供應鏈的發展，並支持擴大電動車和再生能源解決方案的電池生產規模。這項投資是滿足英國不斷成長的鋰需求和推動永續採礦實踐的重要一步。

地緣政治風險與供應鏈敏感性

適用於電池的鋰化合物市場受到供應鏈脆弱性和地緣政治威脅的嚴重限制。澳洲、中國、智利、阿根廷等國家蘊藏全球大部分鋰礦藏。由於這種集中度，貿易爭端、這些重要產區的監管變化以及地緣政治衝突都可能擾亂供應鏈。

鋰供應鏈對特定萃取技術的依賴，例如硬岩開採或鹽水提取，也存在危險。採礦業的生態影響、水資源短缺和環境問題可能會導致營運和法規的限制。任何不利情況，例如貿易爭端、政治動盪或採礦法修改，都可能導致鋰短缺，從而影響該行業生產電池級鋰化合物的能力。

昂貴的生產成本和有限的加工設施

透過萃取、加工和純化製造鋰的成本高昂，是全球電池級鋰化合物市場的主要限制。無論是從硬岩還是鹽水中提取鋰，都需要複雜的能源密集技術。

製造電池級鋰化合物的總體成本受到與這些程序相關的成本以及將鋰化合物運送到生產工廠所涉及的困難的影響。此外，為了滿足對鋰離子電池不斷成長的需求，需要更多的處理基礎設施。然而，創建此類基礎設施將花費大量金錢和時間，這可能會導致供應鏈瓶頸。

The demand for battery-grade lithium compounds is rising strongly due to the widespread use of portable electronics such as laptops, smartphones and wearable technologies. Advanced lithium-ion batteries with greater energy density and greater lifespans continue to be required as consumer devices become more complex and energy-intensive. The trend is particularly crucial as it results in the creation of more potent and smaller electronic gadgets due to technical improvements

Energy storage systems (ESS) are becoming more and more expensive as a result of the world's move to renewable energy sources to control the intermittent nature of solar and wind power. The state-of-the-art in energy storage is provided by lithium-ion batteries, which are dependent on premium lithium compounds. The demand for battery-grade lithium compounds is being driven by the expansion of decentralized energy systems and grid-scale energy storage projects, which are facilitating the integration of renewable energy sources into the power grid.

Asia-Pacific is among the growing regions in the global battery grade lithium compounds market covering more than 1/3rd of the market. Battery-grade lithium compounds are in high demand due in large part to the Asia-Pacific's electric car market's explosive expansion. Government incentives, environmental legislation and a growing consciousness of sustainable mobility are driving the adoption of electric vehicles (EVs) in countries like China, Japan and South Korea.

Dynamics

Increasing Energy Storage and Renewable Energy Solutions

The demand for battery-grade lithium compounds is being driven by the global push towards renewable energy sources and the integration of energy storage systems (ESS). To help to establish a more dependable and sustainable energy infrastructure, lithium-ion batteries are essential for storing energy produced from renewable sources like solar and wind power.

Additionally, the demand for high-quality lithium compounds develops in tandem with the deployment of energy storage solutions, such as large-scale battery storage projects, to address the intermittent nature of renewable energy sources. The global dedication to reaching clean energy targets, which underlines the significance of lithium compounds in providing effective energy storage solutions and supporting the shift to a more sustainable and decentralized energy setting, further drives this engine.

Increasing Demand for Electric Vehicles

The market for battery-grade lithium compounds is expanding due in large part to the growing demand for electric vehicles globally. The use of electric vehicles has risen significantly as governments all through the world concentrate on lowering carbon emissions while supporting green transportation. The main energy storage technology for EVs is lithium-ion batteries, which use battery-grade lithium compounds such as lithium carbonate and lithium hydroxide in their cathode designs.

For Instance, in 2023, Cornish Lithium invested US$57.9 million to enhance UK's production of battery-grade lithium, crucial for electric vehicles (EVs) and renewable energy storage. The funding will expedite the development of a domestic supply chain, supporting the scaling up of battery production for EVs and renewable energy solutions. The investment is a significant step towards meeting the rising demand for lithium and advancing sustainable mining practices in UK.

Geopolitical Risks and Supply Chain Sensitivity

The market for lithium compounds suitable for batteries is severely limited by supply chain vulnerabilities and geopolitical threats. Australia, China, Chile, Argentina and other countries contain the majority of the world's lithium deposits. Because of this concentration, trade disputes, regulatory changes in these important producing regions and geopolitical conflicts can all disrupt the supply chain.

The dependence of the lithium supply chain on particular extraction techniques, such as hard rock mining or brine extraction, also presents a danger. Restrictions on operations and regulations may result from the ecological effects of mining, water scarcity and environmental concerns. Any adverse situations, such as trade disputes, political unrest or modifications to mining laws, may result in a scarcity of lithium, which would impact the industry's capacity to produce battery-grade lithium compounds.

Expensive Production Costs and Limited Processing Facilities

The high cost of manufacturing lithium through extraction, processing and purification is a major restriction to the global market for battery-grade lithium compounds. Whether lithium is extracted from hard rock or brine sources, it requires sophisticated and energy-intensive techniques.

The overall cost of creating battery-grade lithium compounds is influenced by the expenses related to these procedures as well as the difficulties involved in transporting lithium compounds to production plants. Furthermore, to fulfill the rising demand for lithium-ion batteries, more processing infrastructure would be needed. However, creating such infrastructure would cost a lot of money and time, which might cause supply chain bottlenecks.

Segment Analysis

The global battery grade lithium compounds market is segmented based on type, battery technology, application, end-user and region.

Increasing Expansion of Cathode Materials in Energy Storage Systems

The cathode material segment is among the growing regions in the global battery grade lithium compounds market covering more than 1/3rd of the market. The global market for lithium compounds that can be used in batteries is mostly driven by the expansion of cathode materials. Lithode materials, which include lithium iron phosphate (LiFePO4), lithium manganese oxide (LiMn2O4) and lithium cobalt oxide (LiCoO2), are essential to the functioning, energy density and general efficiency of lithium-ion batteries.

The growing demand for energy storage systems and electric vehicles (EVs) has led to a greater demand for improved cathode materials. The growing fields of electric mobility and renewable energy depend heavily on lithium compounds, such as lithium hydroxide and carbonate, which are vital precursors for cathode materials.

Geographical Penetration

Rising Demand Lithium Compounds in the Pharmaceutical Industry in Asia-Pacific

Asia-Pacific has been a dominant force in the global battery grade lithium compounds market. The demand for lithium compounds is being driven by the fast population growth in nations like China and India as well as their strong reliance on end-use industries like the building and construction, automotive and medical sectors. Lithium compounds are used in many applications within these end-use industries.

For example, the India Brand Equity Foundation (IBEF) estimates that by the end of 2021, the country's pharmaceutical market will be valued at around US$ 41 billion. Additionally, in 2020, India's pharmaceutical business obtained investments of US$ 17.5 billion. In February 2021, the Indian government launched an incentive program aimed at luring US$ 2.07 billion into the industry.

It will have an important influence on the region's market for lithium compounds. Additionally, the International Trade Administration reports that Japan's pharmaceutical business produced US$ 84.6 million in 2019 compared with US$ 62.57 million in 2018, a 35.2% rise. The is propelling the lithium compound market in the Asia-Pacific.

COVID-19 Impact Analysis

The global demand for battery-grade lithium compounds has been impacted by the COVID-19 epidemic in some ways. During the early stages of the pandemic, several lockdowns and production and supply chain interruptions had a substantial impact on a number of industries, including consumer electronics and electric vehicle production.

The in turn affected the market for lithium compounds suitable for batteries. The demand for lithium-ion batteries suddenly declined as a result of the manufacturing halt and lower consumer spending during lockdowns, which had an impact on the market for lithium compounds as a whole. The market for lithium was affected by a number of patterns that surfaced as people adjusted to the new normal.

The pandemic encouraged the shift to electric cars and renewable energy sources by underlining the vitality of clean energy and sustainable technology. All over the world, green projects have been given top priority by governments and businesses, which has raised demand for lithium-ion batteries for energy storage systems, electric cars and other uses. The change in emphasis spurred growth and recovery in the market for battery-grade lithium compounds.

The need for robust and varied supply chains was further highlighted during the pandemic. The imperative of ensuring a steady supply of essential minerals has come to light as a result of supply chain interruptions, especially in areas that produce lithium. In the market for battery-grade lithium compounds, initiatives to boost domestic production and lessen reliance on specific sectors gained traction and helped to shape future plans for risk management.

Russia-Ukraine War Impact Analysis

Global sectors, especially products pricing and supply networks, are exposed to major effects from geopolitical tensions and wars. Increased volatility and uncertainty may result from supply chain interruptions brought on by geopolitical events in the market for battery-grade lithium compounds. The manufacture of lithium-ion batteries, which in return affects businesses dependent on these batteries, such as electric cars and energy storage systems, may be affected by supply shortages or interruptions in significant facilities that produce lithium.

The investors and industry professionals keep a careful eye on geopolitical developments in order to assess any potential effects on the commodities markets. The occurrences have the potential to alter supply chain disruptions and price changes by influencing market dynamics. The design is essential to consult recent research and analyses from professionals in the field to comprehend the immediate effects of geopolitical events on the market for battery-grade lithium compounds.

The supply chain for lithium is global, with multiple countries participating at different phases of the production process. Russia is a major participant in the mining and manufacture of many minerals, for example. The availability of raw materials required for the production of lithium compounds suitable for batteries may be impacted if the war causes disruptions in the trade routes or supply chain.

By Type

Lithium Carbonate
Lithium Hydroxide
Lithium Concentrate
Lithium Metal
Butyl Lithium
Lithium Chloride
Lithium Bromide
Lithium Iodide
Lithium Oxide
Others Nitride
Others

By Battery Technology

Cathode Material
Anode Material
Electrolyte

By Application

Li-ion Batteries
Cement & Concrete
Metallurgy
Lubricants
Glass & Ceramics
Polymers
Specialty Inorganics
Medicines
Others

By End-User

Aerospace and Defense
Automotive
Oil and Gas
Energy
Building
Chemical Processing
Others

By Region

North America
- U.S.
- Canada
- Mexico
Europe
- Germany
- UK
- France
- Italy
- Russia
- Rest of Europe
South America
- Brazil
- Argentina
- Rest of South America
Asia-Pacific
- China
- India
- Japan
- Australia
- Rest of Asia-Pacific
Middle East and Africa

Key Developments

On November 13, 2023, The Exxon Mobil Corporation plans to establish itself as a major manufacturer of lithium, an essential part of batteries for electric vehicles (EVs). The company's first phase of lithium production in North America is starting in southwest Arkansas, an area recognized to contain substantial lithium reserves. The product line will be marketed under the Mobil Lithium brand, expanding Mobil's longstanding technological collaboration with the automotive industry.

Competitive Landscape

The major global players in the market include Albemarle Corporation, SQM, Ganfeng Lithium Group Co., Ltd, Tianqi Lithium Industry Co., Ltd, Livent Corporation orocobre Limited, Piedmont Lithium Inc., Neometals Ltd, Neo Lithium Corporation and Yibin Tianyi Lithium Industry Co., Ltd.

Why Purchase the Report?

To visualize the global battery grade lithium compounds market segmentation based on type, battery technology, application, end-user and region and understand key commercial assets and players.
Identify commercial opportunities by analyzing trends and co-development.
Excel data sheet with numerous data points of battery grade lithium compounds market-level with all segments.
PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
Product mapping available as Excel consisting of key products of all the major players.

The global battery grade lithium compounds market report would provide approximately 70 tables, 79 figures and 198 Pages.

Target Audience 2024

Manufacturers/ Buyers
Industry Investors/Investment Bankers
Research Professionals
Emerging Companies

1. Methodology and Scope

1.1. Research Methodology
1.2. Research Objective and Scope of the Report

2. Definition and Overview

3. Executive Summary

3.1. Snippet by Type
3.2. Snippet by Battery Technology
3.3. Snippet by Application
3.4. Snippet by End-User
3.5. Snippet by Region

4. Dynamics

4.1. Impacting Factors
- 4.1.1. Drivers
  - 4.1.1.1. Increasing Energy Storage and Renewable Energy Solutions
  - 4.1.1.2. Increasing Demand for Electric Vehicles
- 4.1.2. Restraints
  - 4.1.2.1. Geopolitical Risks and Supply Chain Sensitivity
  - 4.1.2.2. Expensive Production Costs and Limited Processing Facilities
- 4.1.3. Opportunity
- 4.1.4. Impact Analysis

5. Industry Analysis

5.1. Porter's Five Force Analysis
5.2. Supply Chain Analysis
5.3. Pricing Analysis
5.4. Regulatory Analysis
5.5. Russia-Ukraine War Impact Analysis
5.6. DMI Opinion

6. COVID-19 Analysis

6.1. Analysis of COVID-19
- 6.1.1. Scenario Before COVID
- 6.1.2. Scenario During COVID
- 6.1.3. Scenario Post COVID
6.2. Pricing Dynamics Amid COVID-19
6.3. Demand-Supply Spectrum
6.4. Government Initiatives Related to the Market During Pandemic
6.5. Manufacturers Strategic Initiatives
6.6. Conclusion

7. By Type

7.1. Introduction
- 7.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 7.1.2. Market Attractiveness Index, By Type
7.2. Lithium Carbonate*
- 7.2.1. Introduction
- 7.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
7.3. Lithium Hydroxide
7.4. Lithium Concentrate
7.5. Lithium Metal
7.6. Butyl Lithium
7.7. Lithium Chloride
7.8. Lithium Bromide
7.9. Lithium Iodide
7.10. Lithium Oxide
7.11. Others

8. By Battery Technology

8.1. Introduction
- 8.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Battery Technology
- 8.1.2. Market Attractiveness Index, By Battery Technology
8.2. Cathode Material*
- 8.2.1. Introduction
- 8.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
8.3. Anode Material
8.4. Electrolyte

9. By Application

9.1. Introduction
- 9.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 9.1.2. Market Attractiveness Index, By Application
9.2. Li-ion Batteries*
- 9.2.1. Introduction
- 9.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
9.3. Cement & Concrete
9.4. Metallurgy
9.5. Lubricants
9.6. Glass & Ceramics
9.7. Polymers
9.8. Specialty Inorganics
9.9. Medicines
9.10. Others

10. By End-User

10.1. Introduction
- 10.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 10.1.2. Market Attractiveness Index, By End-User
10.2. Aerospace and Defense*
- 10.2.1. Introduction
- 10.2.2. Market Size Analysis and Y-o-Y Growth Analysis (%)
10.3. Automotive
10.4. Oil and Gas
10.5. Energy
10.6. Building
10.7. Chemical Processing
10.8. Others

11. By Region

11.1. Introduction
- 11.1.1. Market Size Analysis and Y-o-Y Growth Analysis (%), By Region
- 11.1.2. Market Attractiveness Index, By Region
11.2. North America
- 11.2.1. Introduction
- 11.2.2. Key Region-Specific Dynamics
- 11.2.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.2.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Battery Technology
- 11.2.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.2.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.2.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.2.7.1. U.S.
  - 11.2.7.2. Canada
  - 11.2.7.3. Mexico
11.3. Europe
- 11.3.1. Introduction
- 11.3.2. Key Region-Specific Dynamics
- 11.3.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.3.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Battery Technology
- 11.3.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.3.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.3.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.3.7.1. Germany
  - 11.3.7.2. UK
  - 11.3.7.3. France
  - 11.3.7.4. Russia
  - 11.3.7.5. Spain
  - 11.3.7.6. Rest of Europe
11.4. South America
- 11.4.1. Introduction
- 11.4.2. Key Region-Specific Dynamics
- 11.4.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.4.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Battery Technology
- 11.4.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.4.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.4.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.4.7.1. Brazil
  - 11.4.7.2. Argentina
  - 11.4.7.3. Rest of South America
11.5. Asia-Pacific
- 11.5.1. Introduction
- 11.5.2. Key Region-Specific Dynamics
- 11.5.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.5.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Battery Technology
- 11.5.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.5.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User
- 11.5.7. Market Size Analysis and Y-o-Y Growth Analysis (%), By Country
  - 11.5.7.1. China
  - 11.5.7.2. India
  - 11.5.7.3. Japan
  - 11.5.7.4. Australia
  - 11.5.7.5. Rest of Asia-Pacific
11.6. Middle East and Africa
- 11.6.1. Introduction
- 11.6.2. Key Region-Specific Dynamics
- 11.6.3. Market Size Analysis and Y-o-Y Growth Analysis (%), By Type
- 11.6.4. Market Size Analysis and Y-o-Y Growth Analysis (%), By Battery Technology
- 11.6.5. Market Size Analysis and Y-o-Y Growth Analysis (%), By Application
- 11.6.6. Market Size Analysis and Y-o-Y Growth Analysis (%), By End-User

12. Competitive Landscape

12.1. Competitive Scenario
12.2. Market Positioning/Share Analysis
12.3. Mergers and Acquisitions Analysis

13. Company Profiles

13.1. Albemarle Corporation*
- 13.1.1. Company Overview
- 13.1.2. Product Portfolio and Description
- 13.1.3. Financial Overview
- 13.1.4. Key Developments
13.2. SQM
13.3. Ganfeng Lithium Group Co., Ltd
13.4. Tianqi Lithium Industry Co., Ltd
13.5. Livent Corporation
13.6. Orocobre Limited
13.7. Piedmont Lithium Inc.
13.8. Neometals Ltd
13.9. Neo Lithium Corporation
13.10. Yibin Tianyi Lithium Industry Co., Ltd

LIST NOT EXHAUSTIVE