Chemical giants accelerate capacity layout

The new energy wave promotes the transformation of the chemical raw materials market

Driven by the rapid development of the global new energy vehicle industry, the demand for key raw materials for lithium batteries has exploded. According to data from Gaogong Lithium Battery, the global demand for lithium carbonate and lithium hydroxide will increase by more than 40% year-on-year in 2024, and the market size of lithium hexafluorophosphate, a solute in the electrolyte, will exceed 20 billion yuan. Faced with market opportunities, leading domestic chemical companies have increased their investment in capacity construction and technology research and development.

Driven by the rapid development of the global new energy vehicle industry, the demand for key raw materials for lithium batteries has exploded. According to data from Gaogong Lithium Battery, the global demand for lithium carbonate and lithium hydroxide will increase by more than 40% year-on-year in 2024, and the market size of lithium hexafluorophosphate, a solute in the electrolyte, will exceed 20 billion yuan. Faced with market opportunities, leading domestic chemical companies have increased their investment in capacity construction and technology research and development.