Product Code: ETC208837 | 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 Market is projected to witness mixed growth rate patterns during 2025 to 2029. The growth rate begins at 8.04% in 2025, climbs to a high of 13.95% in 2028, and moderates to 9.91% by 2029.
The Lithium market in Thailand is projected to grow at a high growth rate of 13.71% by 2027, within the Asia region led by China, along with other countries like India, Japan, Australia and South Korea, collectively shaping a dynamic and evolving market environment driven by innovation and increasing adoption of emerging technologies.
According to a report from The Thai Department of Industrial Works, lithium demand in Thailand totaled 2,801 tons in 2025. This represents an increase of 8.8% compared to the previous year. China and Taiwan are the major exporters of lithium products to Thailand, accounting for 60% and 40% respectively and providing more than 97% of total imports into the country.
The Thailand lithium market is primarily fueled by the surging demand for lithium-ion batteries in electric vehicles (EVs), renewable energy storage, and portable electronics. As the world shifts toward sustainable energy solutions, the lithium market benefits from the transition to cleaner technologies. The growth in EV production and grid-scale energy storage systems further underpins this market`s expansion.
Lithium`s importance in batteries for electric vehicles and energy storage is undeniable. However, the market faces obstacles related to lithium availability, mining practices` environmental impact, and geopolitical factors influencing the supply chain. Balancing the growing demand with sustainable sourcing remains a significant challenge.
The lithium market witnessed mixed effects due to COVID-19. While sectors like electric vehicles and renewable energy, which use lithium in batteries, showed resilience, disruptions in industries like construction impacted lithium demand. The market`s recovery is closely linked to the growth of clean energy and transportation sectors.
The Thailand lithium market is influenced by key players such as LithiumTech Co., Energy Metals Ltd., and Battery Innovations Group. LithiumTech Co. is a major domestic producer, contributing to the supply of lithium for batteries, electronics, and renewable energy storage solutions. Energy Metals Ltd. specializes in mining and refining lithium resources, ensuring a stable supply for Thailand`s growing energy sector. Battery Innovations Group focuses on lithium battery technology, contributing to advancements in electric vehicles and portable electronic devices. These key players are crucial in supporting Thailand`s transition to clean energy and technological progress through the availability of essential lithium resources.
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 Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Lithium Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Lithium Market - Industry Life Cycle |
3.4 Thailand Lithium Market - Porter's Five Forces |
3.5 Thailand Lithium Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Thailand Lithium Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Thailand Lithium Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lithium-ion batteries in the electric vehicle (EV) industry. |
4.2.2 Government initiatives and incentives to promote renewable energy sources. |
4.2.3 Growing adoption of portable electronic devices and energy storage systems. |
4.3 Market Restraints |
4.3.1 Volatility in lithium prices due to supply-demand imbalances. |
4.3.2 Environmental concerns related to lithium mining and extraction. |
4.3.3 Competition from other battery technologies such as solid-state batteries. |
5 Thailand Lithium Market Trends |
6 Thailand Lithium Market, By Types |
6.1 Thailand Lithium Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Thailand Lithium Market Revenues & Volume, By Product, 2021-2031F |
6.1.3 Thailand Lithium Market Revenues & Volume, By Carbonates, 2021-2031F |
6.1.4 Thailand Lithium Market Revenues & Volume, By Hydroxide, 2021-2031F |
6.1.5 Thailand Lithium Market Revenues & Volume, By Others, 2021-2031F |
6.2 Thailand Lithium Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Thailand Lithium Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.3 Thailand Lithium Market Revenues & Volume, By Consumer Electronics, 2021-2031F |
6.2.4 Thailand Lithium Market Revenues & Volume, By Grid Storage, 2021-2031F |
6.2.5 Thailand Lithium Market Revenues & Volume, By Glass & Ceramics, 2021-2031F |
6.2.6 Thailand Lithium Market Revenues & Volume, By Others, 2021-2031F |
7 Thailand Lithium Market Import-Export Trade Statistics |
7.1 Thailand Lithium Market Export to Major Countries |
7.2 Thailand Lithium Market Imports from Major Countries |
8 Thailand Lithium Market Key Performance Indicators |
8.1 Average selling price of lithium in Thailand. |
8.2 Number of EV sales in Thailand. |
8.3 Investment in lithium mining and processing infrastructure in Thailand. |
9 Thailand Lithium Market - Opportunity Assessment |
9.1 Thailand Lithium Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Thailand Lithium Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Thailand Lithium Market - Competitive Landscape |
10.1 Thailand Lithium Market Revenue Share, By Companies, 2024 |
10.2 Thailand Lithium Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |