CAGR Value :
The global lithium sulfide for battery market was valued at USD 10.3 million in 2024 and is projected to reach USD 95.4 million by 2031, exhibiting a CAGR of 38.4% during the forecast period. This remarkable growth is primarily driven by the increasing adoption of lithium-sulfur batteries in electric vehicles (EVs) and energy storage systems, coupled with advancements in solid-state battery technology.
Report Studies :
Lithium sulfide (Li2S) is a critical inorganic compound widely used as a cathode material and solid electrolyte precursor in next-generation batteries. It serves as a key component in lithium-sulfur battery technology due to its high theoretical capacity (1675 mAh/g) and energy density, which significantly outperforms conventional lithium-ion batteries. The material is particularly valued for its applications in sulfide solid electrolytes and lithium-sulfur battery electrodes, enabling lighter, safer, and more efficient energy storage solutions.
By Types :
3N (99.9% Purity)
4N (99.99% Purity)
By Applications :
Sulfide Solid Electrolytes
Lithium-sulfur Batteries Electrodes
Key Industry Players
• Lorad Chemical Corporation (U.S.)
• Albemarle Corporation (U.S.)
• Materion Corporation (U.S.)
• Ganfeng Lithium Co., Ltd. (China)
• Hubei Xinrunde Chemical Co., Ltd. (China)
• Hangzhou Kaiyada Semiconductor Materials Co., Ltd. (China)
• Chengdu Hipure Technology Co., Ltd. (China)