Global lithium market is forecast to rise more than threefold out to 2027 , with demand from ##hium - ion battery makers due to increase by 50 % in the same period , according to the latest market penetration report by tech Roskill . The firm estimates demand for the metal from lithium - ion battery makers will grow from 46 % of overall lithium demand in 2020 to 83 % by 2027 . The firm also predicts the use of lithium hydroxide will rise , from 25 % of lithium compounds used in rechargeable batteries in 2021 to 55 % by 2027 .
Global lithium demand is forecast to rise more than threefold out to 2027, with demand from lithium-ion battery makers due to increase by 650% in the same period, according to the latest market outlook report by consultants Roskill. The firm estimates demand for the metal from lithium-ion battery makers will grow from 46% of overall lithium demand in 2017 to 83% by 2027. The report also predicts the use of lithium hydroxide will rise, from 25% of lithium compounds used in rechargeable batteries in 2021 to 55% by 2027.