United States Lithium Market Size, Share, and COVID-19 Impact Analysis, By Product (Carbonate, Hydroxide, and Others), By Application (Automotive, Consumer Electronics, Grid Storage, Glass & Ceramics, and Others), and United States Lithium Market Insights, Industry Trend, Forecasts to 2035

United States Lithium Market Size Insights Forecasts to 2035

• The US Lithium Market Size Was Estimated at USD 2659.6 Million in 2024
• The Market Size is Expected to Grow at a CAGR of around 15.66% from 2025 to 2035
• The US Lithium Market Size is Expected to Reach USD 13179.9 Million by 2035

According to a Research Report Published by Spherical Insights & Consulting, the United States Lithium Market Size is anticipated to reach USD 13179.9 million by 2035, growing at a CAGR of 15.66% from 2025 to 2035. The expansion of the United States' lithium market is propelled by growing national need for lithium-ion batteries for grid storage, consumer items, and electric cars.

Market Overview

Lithium, referred to as the lightest solid element, is a soft, silvery-white alkali metal that is valued for its use in heat-resistant glass, lightweight alloys, rechargeable batteries, and mood-stabilizing drugs. Extreme reactivity, particularly with water, is another well-known characteristic. The shift to more environmentally friendly energy has led to an increase in the use of lithium in grid storage applications for electrification, which is helping the lithium industry grow. The lithium market in the United States is experiencing a direct benefit from this rise. Operators of power systems store energy for later use to influence energy supply, distribution, and to increase operational flexibility. California is leading with the use of utility-scale batteries to balance renewable energy in the grid; with this, the usage of lithium in grid storage applications will continue in the state. Energy Storage Systems (ESS) provide a significant opportunity for the lithium market. The need for effective energy storage will continue to grow as it becomes more and more dependent on renewable sources of energy like wind and solar. Lithium-ion batteries are an important option for the storage of extra energy created by renewable sources, as they have a high energy density and are portable. The market for lithium will grow as a result of the increase in demand for ESS, and the company will be in a strong position to assist and stabilise the grid and the advancement of sustainable energy in the future.

Report Coverage

This research report categorizes the market for the United States lithium market based on various segments and regions and forecasts revenue growth and analyses trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the United States lithium market. Recent market developments and competitive strategies such as expansion, product launch, development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the United States lithium market.

Driving Factors

The growth of the United States lithium market is boosted because it has a fundamental ingredient in rechargeable batteries, and has seen its market bullish, as the demand for electric vehicles (EVs) has increased significantly. As individuals are shifting to greener and sustainable transportation, demand for EVs is increasing. Because lithium-ion batteries are high-energy-density, lightweight batteries, minimizing components, and since lithium-ion batteries are the only recommended energy storage system for electric vehicles, lithium-ion batteries will continue to remain in the spotlight. The increased usage of electric vehicles is attributable not just to sustainable issues, but advances in battery technology, which have lowered costs and improved the viability of electric vehicles.

Restraining Factors

The United States lithium market faces obstacles, like new enterprises being burdened by high extraction and refinement expenses, particularly costly direct-lithium-extraction technologies. Growth is slowed by environmental issues such as excessive water consumption, pollution, and habitat degradation, as well as regulatory resistance.

Market Segmentation

The United States lithium market share is classified into product and application.

• The carbonate segment held the largest market share in 2024 and is expected to grow at a remarkable CAGR during the forecast period.

The United States lithium market is segmented by product into carbonate, hydroxide, and others. Among these, the carbonate segment held the largest market share in 2024 and is expected to grow at a remarkable CAGR during the forecast period. The segment is driven as it is used to treat bipolar disorder and other mental health-related disorders. Li2CO3 is used with bipolar disorder because it stabilizes mood and reduces the severity of intense behaviors, which can lead to unpredictable actions. The rising prevalence of these disorders is expected to drive increased utilization of Li2CO3, which will further bolster market growth in the United States.

• The automotive segment held the highest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period.

Based on the application, the United States lithium market is segmented into automotive, consumer electronics, grid storage, glass & ceramics, and others. Among these, the automotive segment held the highest revenue share in 2024 and is expected to grow at a significant CAGR during the forecast period. The segmental growth is propelled as lithium is primarily found in battery manufacturing, although many other uses exist, such as lithium soda. Electric Vehicles (EVs) are gaining in popularity because they reduce carbon footprints and total greenhouse gas emissions. This increase in popularity stems from climate anomalies that have garnered public scrutiny.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the United States lithium market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborate analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Livento Group Inc
• Albemarle Corp
• American Lithium Corp.
• Atlas Lithium Corp
• Lithium Americas Corp.
• Livent Corp.
• Piedmont Lithium
• FMC Corporation
• SQM
• Others

Recent Development

• In February 2024, Albemarle Corp. has partnered with BMW group to deliver battery-grade lithium to BMW. This partnership is not only limited to raw material supply but also to innovations in the market.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the United States, regional, and country levels from 2020 to 2035. Spherical Insights has segmented the United States lithium market based on the following segments:

United States Lithium Market, By Product

• Carbonate
• Hydroxide
• Others

United States Lithium Market, By Application

• Automotive
• Consumer Electronics
• Grid Storage
• Glass & Ceramics
• Others