Lithium Market 2018 Growth Analysis By Top Competitors - Millennial Lithium Corp. (Canada), Neometals Ltd. (Australia), Lithium Americas Corporation (USA), Sichuan Tianqi Lithium Industries (China), Altura Mining Ltd. (Australia), Nemaska Lithium, Inc. (C

Adroit Market Research has announced the addition of the “Global Lithium Market Size Status and Forecast 2025”, The report classifies the global Lithium in a precise manner to offer detailed insights about the aspects responsible for augmenting as well as restraining market growth.

This report studies the global Lithium market, analyzes and researches the Lithium development status and forecast in North America, Latin America, Western Europe, Eastern Europe, Asia Pacific and Middle East and Africa. This report focuses on the top players in global market, like Albemarle Corporation (USA), FMC Lithium (USA), Jiangxi Ganfeng Lithium Co., Ltd. (China), Millennial Lithium Corp. (Canada), Neometals Ltd. (Australia), Lithium Americas Corporation (USA), Sichuan Tianqi Lithium Industries (China), Sociedad Qumica y Minera de Chile S.A (Chile), Altura Mining Ltd. (Australia), Galaxy Resources Limited (Australia), Nemaska Lithium, Inc. (Canada), Orocobre Limited (Australia) and Pilbara Minerals Ltd. (Australia)

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Growth of the market is anticipated to be majorly driven by rapid expansion in lithium-ion battery industry for both hybrid as well as electric vehicles, high-drain portable electronics and energy storage systems. In terms of lithium carbonate equivalent (LCE), lithium market value is projected to touch USD xx Bn. As current state of lithium is short in number, auto manufacturers commenced to lock-in lithium suppliers.

Asia-Pacific is estimated to be at the top of market, owing to prompt increment in production of consumer electronics and electrical vehicles. Battery segment witnessed fastest growth by application. Lithium-ion batteries offers distinctive cost, performance and other vital parameters. The growing adoption of EV is driven by the concerns for environment, as electric vehicles reduce carbon emission levels.

Government has put forward various stringent emission norms to reduce and control carbon emissions. Lithium’s combination of high electrochemical and low mass potential makes it perfectly suitable for EV battery usage. Registrations for electric cars hit shocking record in year 2016. China was the leading electric car market in 2016, registering more than double the sales in the U.S.

As registered battery application segment to the largest application segment over the past years. Lithium batteries are segmented into rechargeable and disposable. Disposable lithium batteries mainly makes use of lithium in metallic form as an anode. As a result they have longer life than standard batteries. These batteries found in several applications, including telecommunication devices and consumer electronics. Higher adoption of the lithium batteries is due to the growing demand from markets, such as cell phones, laptops, electric vehicles (EVs), video games, toys, tablets, power tools, e-bikes, and other electronic devices. Based on the end-use segments, categories include Metallurgical Powders, Batteries, Greases, Air Treatment & Pharmaceuticals, Glass & Ceramics.

Key segments of ‘Global Lithium Market’

Based on End-use, the market has been segmented into,
Glass & Ceramics
Air Treatment & Pharmaceuticals
Metallurgical Powders
Greases
Batteries
Others

Based on region, the market has been segmented into,
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa

Asia-Pacific region is expected to lead the global lithium market. In that region, China constitutes of one-fourth portion of the global lithium market share. Abundant availability of resources such as spodumene, brine and other lithium deposits is booming the market. North America is also a strong emerging market for lithium compounds, because of increasing demand from end-use industries. In 2014, North –America accounted second-largest market for lithium compounds consumption. Rising demand for grid connected energy storage and high requirements of consumer gadgets are anticipated to change the market dynamics.

What to expect from the upcoming report on ‘Global Lithium Market:

- Future prospects and current trends of the global Lithium market by the end of forecast period (2018-2025)

- Information regarding technological progressions as well as innovations taking place in developing economies

- Supportive initiatives by government likely to influence the market dynamics

- Trends, drivers, opportunities, restraints, challenges and key developments in the market

- In-depth analysis of different market segmentations including regional segmentations, and product types

- Deep analysis about the competitive landscape of the market and the initiatives by them to improve this market

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