Product Code: ETC196777 | Publication Date: May 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 | |
The Thailand Lithium Carbonate Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate starts at 3.92% in 2025 and reaches 14.37% by 2029.
By 2027, the Lithium Carbonate market in Thailand is anticipated to reach a growth rate of 5.16%, as part of an increasingly competitive Asia region, where China remains at the forefront, supported by India, Japan, Australia and South Korea, driving innovations and market adoption across sectors.
The lithium carbonate market in Thailand has been estimated at USD 2 million for 2025 and is expected grow with a CAGR of 9% over the forecast timeline. Rising importance across medical sector on account of improving mental health conditions related depression along with other neurological problems has attributed towards escalating demand from pharmaceutical segment; henceforth stimulating overall industry outlook during assessment timeframe. Furthermore surging requirement by industrial users specifically batteries manufacturers that employ it as electrolyte salt will further enhance product penetration throughout upcoming years.
Lithium carbonate is a key component in lithium-ion batteries used in electric vehicles and portable electronic devices. The market is primarily driven by the growing demand for electric vehicles, renewable energy storage systems, and consumer electronics. As the world shifts towards sustainable energy solutions, the Thailand lithium carbonate market experiences substantial growth.
Lithium carbonate is a vital component in lithium-ion batteries used in electronics and electric vehicles. The market has encountered difficulties in meeting the growing demand due to supply constraints and increased costs of raw materials. Balancing the demand for sustainable energy solutions with supply chain limitations remains a significant challenge.
The electric vehicle and energy storage sectors, major consumers of lithium carbonate, could have faced disruptions due to lockdowns and supply chain challenges. However, recovery in these sectors could drive demand.
The lithium carbonate market in Thailand is primarily driven by global chemical giants such as Siam Lithium, a subsidiary of PTT Group. These companies are at the forefront of lithium extraction and processing, catering to the booming demand for lithium-ion batteries in electric vehicles and renewable energy storage. Their comprehensive supply chains and commitment to sustainability ensure a stable and environmentally responsible source of lithium carbonate.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Lithium Carbonate Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Lithium Carbonate Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Lithium Carbonate Market - Industry Life Cycle |
3.4 Thailand Lithium Carbonate Market - Porter's Five Forces |
3.5 Thailand Lithium Carbonate Market Revenues & Volume Share, By Purity, 2021 & 2031F |
3.6 Thailand Lithium Carbonate Market Revenues & Volume Share, By Grade, 2021 & 2031F |
3.7 Thailand Lithium Carbonate Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Thailand Lithium Carbonate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lithium-ion batteries in electric vehicles industry |
4.2.2 Government initiatives to promote renewable energy sources |
4.2.3 Growing adoption of portable electronic devices in Thailand |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials |
4.3.2 Lack of domestic lithium carbonate production capabilities |
4.3.3 Stringent regulations and environmental concerns related to lithium mining and processing |
5 Thailand Lithium Carbonate Market Trends |
6 Thailand Lithium Carbonate Market, By Types |
6.1 Thailand Lithium Carbonate Market, By Purity |
6.1.1 Overview and Analysis |
6.1.2 Thailand Lithium Carbonate Market Revenues & Volume, By Purity, 2021-2031F |
6.1.3 Thailand Lithium Carbonate Market Revenues & Volume, By 98.5% - 99.4%, 2021-2031F |
6.1.4 Thailand Lithium Carbonate Market Revenues & Volume, By 99.5% - 99.8%, 2021-2031F |
6.1.5 Thailand Lithium Carbonate Market Revenues & Volume, By 0.999, 2021-2031F |
6.2 Thailand Lithium Carbonate Market, By Grade |
6.2.1 Overview and Analysis |
6.2.2 Thailand Lithium Carbonate Market Revenues & Volume, By High Purity, 2021-2031F |
6.2.3 Thailand Lithium Carbonate Market Revenues & Volume, By Battery, 2021-2031F |
6.2.4 Thailand Lithium Carbonate Market Revenues & Volume, By Pharmaceutical, 2021-2031F |
6.3 Thailand Lithium Carbonate Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Thailand Lithium Carbonate Market Revenues & Volume, By Li-ion batteries, 2021-2031F |
6.3.3 Thailand Lithium Carbonate Market Revenues & Volume, By Glass & Ceramics, 2021-2031F |
6.3.4 Thailand Lithium Carbonate Market Revenues & Volume, By Cement Manufacturing, 2021-2031F |
6.3.5 Thailand Lithium Carbonate Market Revenues & Volume, By Aluminum Production, 2021-2031F |
6.3.6 Thailand Lithium Carbonate Market Revenues & Volume, By Pharmaceutical Industry, 2021-2031F |
6.3.7 Thailand Lithium Carbonate Market Revenues & Volume, By Others, 2021-2031F |
7 Thailand Lithium Carbonate Market Import-Export Trade Statistics |
7.1 Thailand Lithium Carbonate Market Export to Major Countries |
7.2 Thailand Lithium Carbonate Market Imports from Major Countries |
8 Thailand Lithium Carbonate Market Key Performance Indicators |
8.1 Number of electric vehicles registered in Thailand |
8.2 Investment in renewable energy projects in the country |
8.3 Sales volume of portable electronic devices in the market |
9 Thailand Lithium Carbonate Market - Opportunity Assessment |
9.1 Thailand Lithium Carbonate Market Opportunity Assessment, By Purity, 2021 & 2031F |
9.2 Thailand Lithium Carbonate Market Opportunity Assessment, By Grade, 2021 & 2031F |
9.3 Thailand Lithium Carbonate Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Thailand Lithium Carbonate Market - Competitive Landscape |
10.1 Thailand Lithium Carbonate Market Revenue Share, By Companies, 2024 |
10.2 Thailand Lithium Carbonate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |