Press release
Global Lithium Compound Market by Type, End-Use, Region, Competitive Landscape And Forecast 2018-2023
Lithium is a soft, silvery-white alkali metal which occurs in compounds such as petalite and spodumene. It is found in small amounts in nearly all igneous rocks and in the waters of a number of mineral springs. Lithium compounds are used in a wide array of applications ranging from the production of plastics and synthetic rubber to textile dyes. According to a new research report by IMARC Group, titled “Lithium Compound Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, the global lithium compound market reached a volume of 260,500 Tons in 2017. The report further anticipates the market to reach a volume of 393,138 Tons by 2023, expanding at a CAGR of 7.1% over the forecast period.
Request for free sample report: https://www.imarcgroup.com/request?type=report&id=884&flag=B
Global Lithium Compound Market Drivers/Constraints:
Compounds of lithium are used for making enamels, ceramics, glass and lubricants for high temperature applications. As these products are further used in construction activities, the investments in infrastructure developments, renovation of buildings and new housing projects are projected to fuel the growth of global lithium compound market.
Lithium compounds are utilized in rechargeable batteries, cooling systems for nuclear reactors, armour plating, specialty glasses, bicycle frames, aircrafts, etc. The continuous growth in these segments has boosted the demand for lithium compound worldwide.
The growing usage of lithium-ion batteries in portable electronic devices including cameras, watches, smartphones, electric vehicles and pacemakers is further boosting the growth of the market.
The lithium compounds can harm the kidneys and affect a person’s mental health. This is the major reason hindering the growth of the market. Moreover, the high cost of lithium batteries also acts as a major deterrent.
Source: https://www.imarcgroup.com/global-lithium-compound-market
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact us
IMARC Group
309 2nd St, Brooklyn, NY 11215, USA
Website: www.imarcgroup.com
Email: sales@imarcgroup.com
USA: +1-631-791-1145
Follow us on twitter: @imarcglobal
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Lithium Compound Market by Type, End-Use, Region, Competitive Landscape And Forecast 2018-2023 here
News-ID: 1113364 • Views: …
More Releases from IMARC Group
Hydrogen Fluoride Manufacturing Plant DPR 2026: Investment Cost, Market Growth & …
Setting up a hydrogen fluoride manufacturing plant positions investors within a strategically important segment of the global specialty chemicals and fluorochemicals industry, driven by increasing demand for semiconductor manufacturing, refrigerant production, and pharmaceutical intermediates. As modern industrial processes advance, electronics manufacturing expands, and the need for high-purity fluorine compounds grows, hydrogen fluoride continues to gain traction across semiconductor fabrication, aluminum production, and petroleum refining worldwide. Rising demand from high-tech industries,…
Vinyl Acetate Ethylene Production Plant Cost 2026: Industry Overview and Profita …
Setting up a Vinyl Acetate Ethylene Production Plant positions investors in one of the most stable and essential segments of the specialty chemicals and polymer value chain, backed by sustained global growth driven by growing construction activity, rising demand for high-performance dry-mix mortars, increasing use in paints and coatings, and the dual-benefit advantages of delivering flexible, low-VOC polymer binder solutions that meet both industrial performance standards and evolving environmental compliance…
Fluff Pulp Manufacturing Plant DPR & Unit Setup - 2026: Machinery Cost, CapEx/Op …
Setting up a fluff pulp manufacturing plant positions investors within a strategically important segment of the global hygiene products and absorbent materials industry, driven by increasing demand for disposable hygiene products, absorbent personal care items, and medical applications. As consumer hygiene standards advance, disposable product adoption expands, and the need for high-quality absorbent materials grows, fluff pulp continues to gain traction across baby diapers, adult incontinence products, feminine hygiene items,…
Fire Alarms Manufacturing Plant DPR & Unit Setup - 2026: Demand Analysis and Pro …
Setting up a fire alarms manufacturing plant positions investors within a strategically important segment of the global safety and security equipment industry, driven by increasing demand for fire detection and safety systems, stringent building safety regulations, and growing awareness of fire protection measures. As modern construction practices advance, smart building integration expands, and the need for advanced fire safety infrastructure grows, fire alarms continue to gain traction across commercial buildings,…
More Releases for Lithium
Lithium Compounds Market To Witness Massive Growth | Competitive Outlook Albemar …
Lithium compounds market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market to account 20.04 billion by 2027 growing with the CAGR of 20.90% in the above-mentioned forecast period. Huge investments in infrastructure developments is a vital factor driving the growth of lithium compounds market swiftly.
The Lithium Compounds Market research report assesses the ongoing as well as future…
Lithium Compounds Market 2020-2025 Global Analysis & Opportunity Assessment | Li …
The global Lithium Compound market size is projected to reach over USD 9 billion by 2025. Lithium is an alkali metal that is generally present among the soil, human body, animals, and plants. It is a light weight metal with less density when compared to other elements. The lithium compounds, primarily find its application in rechargeable and non-rechargeable batteries. The lithium is primarily used across glass & ceramics, Li-ion batteries,…
Lithium Compounds Market Analysis & Industry Outlook 2019-2025| Livent Corporati …
The global Lithium Compound market size is projected to reach over USD 9 billion by 2025. Lithium is an alkali metal that is generally present among the soil, human body, animals, and plants. It is a light weight metal with less density when compared to other elements. The lithium compounds, primarily find its application in rechargeable and non-rechargeable batteries. The lithium is primarily used across glass & ceramics, Li-ion batteries,…
Lithium Compounds Market Scenario & Industry Outlook 2019-2025| Livent Corporati …
The global lithium compound market size is projected to reach over USD 9 billion by 2025.The report on lithium compound market is aimed to equip report readers with versatile understanding on diverse marketing opportunities that are rampantly available across regional hubs. A thorough assessment and evaluation of these factors are likely to influence incremental growth prospects in the lithium compound market.
Request sample copy of this report at: https://www.adroitmarketresearch.com/contacts/request-sample/1445
Additionally, in this…
Lithium Fluoride Market players Jiangxu Ganfeng Lithium, Harshil Fluoride Brivo …
The developing in the glass, optics and electronic and electrical industries has initiated a high demand for Lithium and related compounds. Lithium and lithium based compounds are one the key substances that have dynamic usage, either as a feedstock or as product. One of the most commercially important compound is Lithium fluoride. Lithium fluoride is an odorless, crystalline lithium salt manufactured by the reaction of lithium hydroxide with hydrogen fluoride.…
Lithium Hydroxide Market | Key Players are FMC Corporation, Sociedad Quimica Min …
Lithium Hydroxide (LiOH) is an inorganic compound that is insoluble in water and partially soluble in ethanol. It is commercially available as a monohydrate (LiOH.H2O) and in anhydrous form, both of which are strong bases. On the basis of purity level, it is also available in battery grade and technical grade. Lithium hydroxide is manufactured by means of a metathesis reaction between calcium hydroxide and lithium carbonate and it finds…
