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Wednesday, June 22, 2022

Discover our recently published Market Insights report: Lithium Chemicals - 2022

NexantECA - Market Insights: Lithium Chemicals - 2022

The Market Insights: Lithium Chemicals - 2022 report provides a comprehensive review of the global lithium chemicals market from 2010, with forecasts to 2035. 

The report includes:

  • Lithium carbonate (Li2CO3) and lithium hydroxide (LiOH), in addition, and to a lesser extent, lithium chloride (LiCl), lithium metal (Li) and organolithium chemistries.
  • Details on brines and hard rock spodumene availability
  • Price forecasts for lithium carbonate and lithium hydroxide.
  • Cost competitiveness for lithium hydroxide: backward integration to spodumene concentrate versus standalone lithium carbonate conversion.

Global demand for lithium-ion batteries has continued to grow, and in 2021 accounted for 74 percent of all lithium consumed worldwide.  Its main use is as cathode material in lithium-ion secondary (rechargeable) batteries.  Lithium-ion batteries are preferred over nickel cadmium (NiCd) and nickel metal hydride (NiMH) batteries.  Lithium is also used in primary (disposable) batteries that have gained market share from other primary battery systems, such as carbon-zinc, alkali-manganese and zinc-silver oxide.

Non battery applications include ceramics and glass, lubricants, pharmaceuticals, thermoplastics and rubber applications, industrial air treatment and continuous casting powder applications.  Glass and ceramics use is expected to maintain growth.  Demand in lubricating greases however is forecast to decline as the market looks for more cost effective alternatives, while volumes in other markets are expected to be maintained due to limited substitution threats.


NexantECA Market Insight Program focuses on extended energy and chemicals value chains, providing critical analysis and outlook, where you will be able to “look under the skin” and discover market drivers and competition in depth.




About Us - NexantECA, the Energy and Chemicals Advisory company is the leading advisor to the energy, refining, and chemical industries. Our clientele ranges from major oil and chemical companies, governments, investors, and financial institutions to regulators, development agencies, and law firms. Using a combination of business and technical expertise, with deep and broad understanding of markets, technologies and economics, NexantECA provides solutions that our clients have relied upon for over 50 years.


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