Battery Grade Lithium Chloride Market Grows with Rising Electric Vehicle Demand

Battery grade lithium chloride is a key component in lithium-ion battery production, fueling applications in electric vehicles (EVs), renewable energy storage, and consumer electronics. With the global shift toward sustainable energy solutions, the lithium chloride market is witnessing rapid expansion, supported by advancements in battery technology.

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The global battery grade lithium chloride market size is projected to grow from USD 1.2 billion in 2023 to an estimated USD 3.5 billion by 2032, reflecting a compound annual growth rate (CAGR) of 12.5%.