Albemarle Strategic Growth Presentation
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Increasing Our Lithium Market Demand Outlook: 5x Growth by 2030
Cumulative Sales by Year¹
(M units)
2022 vs. 2021:
+64%
Global EV
Production /
Market Penetration2
2022-2027
CAGR: 25-30%
Lithium Demand
ALB Projections³
(MMt LCE)
Aug
Sep
Oct
Nov
Dec
2019
2.5
3%
2022E
11.2
2023E
18%
14%
25.7
15.7
2025E
2030E
4.0
48%
3.5
3.0
46.9
1.8MMt
28%
2.5
2025
1 Marklines data as of 01/25/2023 2 S&P Global Mobility, Global Production based Alternative Propulsion Forecast, November 2022 3 Albemarle analysis
0.5
2019
1.0
2021
1.5
2.0
3.7MMt
2030
2019
2021
2020
2022
EV production (M)
EV penetration (%)
2020
2022
2021
-2023
EV
Grid
Mobility
Consumer Electronics
Industrial
Inventory Change
2030E lithium demand of 3.7MMt LCE +15% from previous forecast due to IRA and strong EV demand
2023
2025
2027
2029
2022E
1.2MMt
0.8MMt
2023E
2025E
Albemarle
23
2030E
by Application³
(MMt LCE)
2022-2027
CAGR: 25-30%
1.8MMt
3.7MMtView entire presentation