Press release
What's Driving The Lithium Chemicals Market Growth? | Chengdu Tianqi, Talison, Abermarle, Sichuan Brivo, and Mody Chemi Pharma Ltd
Lithium Chemicals Market
North America lithium chemicals market size led by the U.S., Canada and Mexico is poised to rise substantially by 2024 on account of rising efforts by mining companies to tap new ore deposits to increase self-sufficiency. Sales of plugin electric vehicles in the U.S. surpassed 70,000 units in 2016 pertaining to lower GHG emissions as compared to fuel power vehicles and low cost compared to battery-powered vehicles which may boost product demand.
Request for a Table of Content of this research report @ https://www.gminsights.com/request-toc/upcoming/2959
Asia Pacific lithium chemicals market led by China, India, Japan and South Korea may experience significant growth by 2024 pertaining to rising disposable income in the region which has led to increased demand for mobile devices. China smartphone market size surpassed USD 130 billion in 2016 owing to the presence of a rich manufacturing industry in the country, increasing product popularity and increasing competition with foreign manufacturers which has led to improvements in product offering and may boost lithium chemicals market growth.
Lithium Chemicals Market size is predicted to rise significantly in the forecast timeframe owing to rising demand for rechargeable batteries from the electric vehicle segment comprising battery-powered vehicles, hybrid and plug-in vehicles. These products also have vast application potential in cellphones, digital cameras, laptops and calculators where they are replacing alkaline batteries pertaining to their light weight and low cost.
Lithium is a silvery white, soft substance which represents the first alkaline substance in the periodic table. These products are compounds of metals including chloride, carbonate, hydroxide, butyl and bromide. Lithium chemicals exhibit optimal fluxing & catalytic properties, high thermal expansion coefficient & electrochemical potential. Moreover, these products offer various benefits such as high thermal conductivity, specific heat, and low density & viscosity which may accelerate growth of lithium chemicals market size.
Rising environmental awareness among consumers & regulatory bodies, switching preferences from fuel-powered to electrical vehicles, and growing demand for portable equipment powered by li-ion batteries is likely to boost lithium chemicals market size. Lithium’s light weight and density, which is lower than all other solids increase product suitability for heat-resistant, ceramics & glass manufacture and low-weight high-strength aluminum alloys used in aerospace industry. Global ceramic market size is predicted to surpass USD 10 billion by 2024, on account of rising demand from the booming construction segment in China and India which represents ample growth opportunities for lithium chemicals market size.
Request for a Customization of this research report @ https://www.gminsights.com/roc/2959
These products cater to diverse industries such as lubricant, aluminum production, air treatment, rubber & thermoplastic manufacturing, aerospace and pharmaceutical industries which may spur lithium chemicals market growth. Stearates find use in the lubricant industry as a constituent of grease to impart thickening properties. In aluminum smelting, these products help reduce fluorine emissions and lower power consumption. Chlorides act as absorbents & desiccants in air treatment by regulating humidity. Moreover, carbonates are a vital ingredient in pharmaceutical products for treating manic depression and bipolar disorder which may promote lithium chemicals market growth.
Global lithium chemicals market share is significantly competitive and fragmented among various manufacturers such as Chengdu Tianqi, Talison, Abermarle, Sichuan Brivo, and Mody Chemi Pharma Ltd. Several prominent manufacturers are engaging in strategic acquisitions of foreign firms to complement their product portfolio and ensure market expansion.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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 What's Driving The Lithium Chemicals Market Growth? | Chengdu Tianqi, Talison, Abermarle, Sichuan Brivo, and Mody Chemi Pharma Ltd here
News-ID: 1795938 • Views: …
More Releases from Global Market Insights
Acoustic Diaphragm Market slated to observe traction for polypropylene material …
With a seismic rise in the demand for consumer products such a loudspeakers, mobile phones and earphones, acoustic diaphragm market size is slated to surge in the next five years. Notably, acoustic diaphragm tends to inter-convert mechanical vibration to sounds and has become highly popular in headphones and speakers.
Market penetration of materials such as paper, polycarbonate, polypropylene, carbon fiber and aluminum has become more pronounced in the past several…
How will increasing demand for stainless steel transform the Ferroalloys Market …
One of the recent breakthroughs in the global ferroalloys market is the potential acquisition of Ferro Alloys Corporation by Vedanta- a natural resource company early this year. As per reliable sources, the acquisition is expected to complement Vedanta’s current steel business considering the fact that integration of Ferro manufacturing capabilities would offer the possibility to generate significant efficiencies.
Meanwhile, yet other company, Boston Metal has declared having raised over USD 20…
Polyphenylsulfone Market 2021 | Regional Insights & Growth Forecast To 2025
The polyphenylsulfone market will witness significant expansion with the rise in healthcare concerns and the growing requirement for biocompatible products. Polyphenylsulfone is a high-performance thermoplastic that is amorphous, heat-resistant, and transparent. It showcases high sterilization properties and is widely employed as an alternative for polyetheretheketone and polyaryletherketone. Furthermore, the polymer sees large adoption across various verticals of the healthcare sector to offer superior dimensional stability and higher resistance against…
Cosmetic Contact Lens Market 2021: Industry Growth, Competitive Analysis, Future …
Increasing trend of using colored contact lenses may have a positive impact on cosmetic contact lens market outlook. Rising popularity of customized lenses with attractive colors, shades and textures for improving eye appearance is likely to propel industry size. Proliferation of entertainment, online and social media platforms are helping boost the adoption of such lenses.
Cosmetic contact lenses are available in several colors such as blue, green, brown, hazel, grey, violet…
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…
