Press release
Lithium Market 2025 | Details Analysis By Top Key Players - Albemarle Corporation (USA), FMC Lithium (USA), Jiangxi Ganfeng Lithium (China), Millennial Lithium (Canada), Neometals (Australia), Lithium Americas (USA), Sichuan Tianqi Lithium Industries (Chi
Lithium
About the Lithium Market:
The global Lithium market remain optimistic for lithium future as uptrend demand for the metal is envisioned to get tripled by the end of 2025. 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.
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Lithium Market Competition by TOP PLAYERS, with Lithium sales volume, price, revenue (Million USD) and market share for each manufacturer/player; the top players including: Albemarle Corporation (USA), FMC Lithium (USA), Jiangxi Ganfeng Lithium (China), Millennial Lithium (Canada), Neometals (Australia), Lithium Americas (USA), Sichuan Tianqi Lithium Industries (China), Altura Mining (Australia), Galaxy Resources(Australia)
Scope of the Report (Overlook 2019-2025):
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.
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.
Based on End-use, the market has been segmented into,
• Glass & Ceramics
• Air Treatment & Pharmaceuticals
• Metallurgical Powders
• Greases
• Batteries
• Others
What Information does this report contain?
• Historical data coverage: 2014 to 2017; Growth Projections: 2019 to 2025.
• Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
• 6-7 year performance forecasts: major segments covering applications, top products and geographies.
• Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.
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About Adroit Market Research:
Adroit Market Research provide quantified B2B research on numerous opportunistic markets, and offer customized research reports, consulting services, and syndicate research reports. We assist our clients to strategize business decisions and attain sustainable growth in their respective domain. Additionally, we support them with their revenue planning, marketing strategies, and assist them to make decisions before the competition so that they remain ahead of the curve.
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Adroit Market Research
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