Global Lithium Market

 Global lithium market was valued US$ XX Bn in 2019 and is anticipated to reach US$ XX Bn by 2027 at a CAGR of XX% during the forecast period.



The report includes the analysis of impact of COVID-19 lock-down on the revenue of market leaders, followers, and disrupters. Since lock down was implemented differently in different regions and countries, impact of same is also different by regions and segments. The report has covered the current short term and long term impact on the market, same will help decision makers to prepare the outline for short term and long term strategies for companies by region.

Lithium is among the most plentiful elements. With the production and demand for hybrid and electric vehicles, energy storage systems, and high-drain portable electronic the market is anticipated to grow exponentially. The rapid expansion of the lithium-ion battery industry and the discovery of new application area are the opportunities for the market. The huge gap between demand and supply poses a major challenge for the lithium market. Miniaturization of electronic devices, extended the range of electronic devices, high-power electronic devices, the exponential growth of transportation, renewable energy concepts, smart grid & energy storage, less energy and water and fewer chemicals & simpler processes.

Lithium is most widely consumed in the form of lithium carbonate, a the compound has application in a wide range of end users like including glass, ceramics, and batteries. However, lithium carbonate is about to lose its market share to lithium hydroxide, which is favoured by its superior performance in Li-Ion cathode applications. Large volumes of lithium metal are also consumed in the form of mineral concentrates, which find applications in the production of ceramics, glass, and metal castings.

Energy storage segment to dominate the lithium market through the forecast period. Energy storage segment includes portable electronic devices, hybrid vehicles, battery electric vehicles, and power storage. Energy storage segment is likely to witness a growth of nearly 34.5% owing to increased penetration of electronic devices, exponential growth in the battery based transportation, the rising popularity of smart grids, and growing demand from hybrid and battery electric vehicles. Growth of electric vehicles is expected to increase by nearly 9 million units thereby propelling the lithium market growth. Lithium is also witnessing an increase in the demand in the medical and pharmaceutical industries. Lithium helps reduce mental disorders such as schizoaffective disorder and cyclic major depression. Lithium is used for the synthesis of drugs and agricultural chemicals, while its derivatives are used as a synthetic agent.

North America is projected to exhibit the fastest gains in lithium demand, buoyed by strong growth in the production of Li-Ion batteries in the US. Li-Ion battery output is also forecast to expand in Europe, mainly in Germany. Europe is expected to witness steady growth owing to increased adoption of hybrid and battery electric vehicles. Asia Pacific region to experience the fastest gains in demand during the forecast period. China dominates the global lithium market attributed to the country's immense output of goods manufactured with lithium which includes batteries, glass, grease, air conditioning equipment, and synthetic rubber. The reserves are largely concentrated in countries, such as Argentina, Chile, Australia, and China. Wherein Argentina, Chile, and Australia accounted for nearly 89% of the global production.

The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Lithium market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER's analysis, SWOT analysis to address questions of shareholders to prioritizing the efforts and investment in the near future to emerging segment in the Lithium market.
Scope of the Global Lithium Market

Global Lithium Market, by Product:

• Lithium Carbonate
• Lithium Hydroxide
• Lithium Chloride
Global Lithium Market, by Application:

• Energy Storage
o E-vehicles
o E-bikes
o Consumer Electronics
o Grid Storage
• Air Treatment
• Greases and Lubricants
• Glasses and Ceramics
Global Lithium Market, by Region:

• North America
• South America
• Middle East & Africa
• Europe
• Asia Pacific
Key Player analyzed in the Report:

• Albemarle Corporation
• Tianqi Lithium Corporation
• SQM S.A.
• Livent
• Altura Mining Limited
• Galaxy Resources Limited
• Orocobre Limited
• Avalon Advanced Materials Inc
• FMC Lithium
• Jiangxi Ganfeng Lithium Co., Ltd.
• Lithium Americas Corporation
• Millennial Lithium Corp.
• Nemaska Lithium, Inc.
• Neometals Ltd.
• Orocobre Limited
• Pilbara Minerals Ltd.
• Sichuan Tianqi Lithium Industries
• Sociedad Qumica y Minera de Chile S.A

For more information of visit:https://www.maximizemarketresearch.com/market-report/global-lithium-market/29596/
This report submitted by Maximize market Research Company
Customization of the report:
Maximize Market Research provides free personalized of reports as per your demand. This report can be personalized to meet your requirements. Get in touch with us and our sales team will guarantee provide you to get a report that suits your necessities.
About Maximize Market Research:
Maximize Market Research provides B2B and B2C research on 20,000 high growth emerging opportunities & technologies as well as threats to the companies across the Healthcare, Pharmaceuticals, Electronics & Communications, Internet of Things, Food and Beverages, Aerospace and Defense and other manufacturing sectors.
Contact info:
Name: Lumawant Godage
Organization Address: MAXIMIZE MARKET RESEARCH PVT. LTD.
Email: sales@maximizemarketresearch.com
: Omkar Heights,
Sinhagad Road,
Manik Baug,
Vadgaon Bk,Pune,
Maharashtra 411051,
India.
Contact: +919607195908

Comments

Post a Comment

Popular posts from this blog

Global Hernia Repair Market Analysis, Current Trends, Along with SWOT Growth and Forecast 2027

  Hernia is a condition in which the internal layers of muscular strength become impotent and the mid-regional covering swells out into a little sac. It can affect the navel (umbilical hernia), the crotch (inguinal hernia), or the entry point site of a surgical treatment (post-medical procedure hernia). Hernia can be treated with two methods: vigilant waiting and surgery. The surgeries include two approaches: open pressure-free repair surgery and laparoscopy. Global Hernia Repair Market Size   was valued at US$ 3.52 Bn. in 2021. Global Hernia Repair Market size is expected to grow at a CAGR of 8.4% through the forecast period. Global Hernia Repair Market Overview: The primary purpose of this MMR report is to estimate the size of the Global Hernia Repair market. This MMR Global Hernia Repair Market Report examines the industry in both qualitative and quantitative terms. Learn about the key Global Hernia Repair market drivers, limits, oppo...
Read more

Global Veterinary Medicine Market Type, Applications, Region, opportunities, Regional Trends, Outlook and Forecast 2027

  Global Veterinary Medicine Market Overview: The Global Veterinary Medicine   market study provides an in-depth analysis of the competition, including market share data and company profiles for the top international rivals. The research's scope covers a thorough analysis of the Global Veterinary Medicine   Market as well as the causes of regional differences in the industry's growth. Global Veterinary Medicine Market Size   was is expected to reach US$ 44.37 Bn. at a CAGR of 7.10% during the forecast period 2027. Global Veterinary Medicine Market Scope: Extensive primary research was conducted to acquire data and check and validate key figures once market engineering, which included market statistics computations, market size estimations, market projections, market breakdown, and data triangulation, was finished. Top-down and bottom-up strategies, as well as other data triangulation techniques, were frequently used throughout the market engineering process...
Read more

Exosomes Market To Surpass USD 8.7 Billion at a 25.12%. CAGR by 2029

  The market for exosomes has grown significantly in recent years and is likely to continue rising at a rapid pace. Exosomes are small extracellular vesicles that cells secrete and play an important role in intercellular communication and the transfer of bioactive substances such as proteins, nucleic acids, and lipids. Because of their potential applications in illness detection, drug delivery, and regenerative medicine, they have sparked tremendous interest in a variety of sectors, including diagnostics, therapeutics, and research. Exosomes Market Overview: The extensive  Exosomes Market  report, undertaken by Maximize Market Research, furnishes an intricate regional examination and a competitive panorama. The assessment presents significant discernments for enterprises and investors aiming to leverage the promising prospects within the market. Get Sample Copy Of This Report At: https://www.maximizemarketresearch.com/request-sample/189733   Exosomes Market Report Sc...
Read more