Lithium Foil Market is Predicted to Grow At a Notably High CAGR of 19.2% by 2031

The global lithium foil industry was estimated at $7.1 billion in 2021, and is anticipated to hit $40.9 billion by 2031, registering a CAGR of 19.2% from 2022 to 2031. The report offers an explicit analysis of the changing market trends, top segments, key investment pockets, value chain, competitive scenario, and regional landscape.

Get Free Sample PDF Brochure @

Growing demand for lithium foil in medical implants, automotive, and electronics & electric components drives the growth of the global lithium foil market. On the other hand, presence of alternatives such as copper foil and aluminum foil restrain the growth to some extent. However, increasing acceptance of electrical vehicles and lithium batteries would create lucrative opportunities in the industry.

Covid-19 scenario-

  • The outbreak of the pandemic caused a number of interruptions in the Li-ion battery supply chain, which also impacted the stationary energy storage and electric vehicle markets across the globe and hampered the growth of the lithium foil market.
  • With an increase in the implementation of lithium foils in batteries used in enormously growing end-use products such as electric vehicles, smart wearable, IoT devices and RFID tags, the market gradually got back on track.

Based on purity level, the 99.5% and above segment generated more than four-fifths of the global lithium foil market revenue in 2021, and is expected to lead the trail by 2031. The same segment would also manifest the fastest CAGR of 19.3% from 2022 to 2031, owing to the increasing demand for pure lithium foil as it offers a number of benefits.

Enquire for Customization with Detailed Analysis @

The electrical and electronics segment to maintain the lion’s share-

By end-use industry, the electrical and electronics segment garnered nearly three-fifths of the global lithium foil market share in 2021, and is expected to retain its dominance by 2031. The same segment is also expected to exhibit the fastest CAGR of 19.4% from 2022 to 2031. The fact that Li-ion batteries are commonly used in small electronics (smartphones, tablets, drones) and electric vehicles fuels the segment growth.

The less than 0.02 mm segment to rule the roost-

By type, the less than 0.02 mm segment contributed to nearly two-thirds of the global lithium foil market share in 2021, and is expected to lead the trail by 2031. The same segment is also expected to exhibit the fastest CAGR of 19.3% from 2022 to 2031. This is due to the fact that 0.2 mm lithium foils happen to withstanding very high temperatures, exhibit excellent electrical properties, and are extremely durable.

Asia-Pacific garnered the major share in 2021-

Based on region, Asia-Pacific held the major share in 2021, generating around two-fifths of the global lithium foil market. The same region would also garner the fastest CAGR of 19.7% by 2031. This is owing to the increasing deployment of lithium in electric vehicles.

Key players in the industry-

  • Albemarle Corporation
  • China Energy Lithium Co., Ltd.
  • American Elements, Ltd.
  • Nanoshel LLC
  • Merck KGaA
  • The Honjo Chemical Corporation
  • Ganfeng Lithium Co.
  • Thermo Fisher Scientific
  • UACJ Foil Corporation.

The report analyzes these key players in the global lithium foil market. These players have incorporated various strategies such as expansion, new product launches, partnerships, and others to increase their market penetration and strengthen their position in the industry. The report is helpful in assessing the operating segments, their business performance & product portfolio, and so on.

Want to Access the Statistical Data and Graphs, Key Players’ Strategies:

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
Allied Market Research Blog:
Follow Us on
| Facebook | LinkedIn | YouTube |

Leave a comment

Your email address will not be published. Required fields are marked *