The Lithium Carbonate Market size is estimated at 0.56 Thousand LCE kilotons in 2024, and is expected to reach 0.16 Thousand LCE kilotons by 2029, growing at a CAGR of 23.22% during the forecast period (2024-2029).
The growing demand for lithium-ion batteries and the increasing investments in the glass and ceramics industries are expected to drive the market for lithium carbonate. On the flip side, constraints in lithium extraction and geographical restrictions of lithium mines are expected to hinder the growth of the market.
The global lithium carbonate market is consolidated in nature, with top players contributing to the major share of the market. Some of the major players in the market include (not in any particular order) Albemarle Corporation, SQM SA, Ganfeng Lithium Group Co. Ltd, Tianqi Lithium Industry Co. Ltd, and Arcadium Lithium.
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