Opportunities for the global lithium compound market to reach $8.4 billion by 2025

According to a new market report published by Lucintel, the future of the global lithium compound market looks promising with opportunities in the lithium-ion batteries, glass & ceramics, lubricants, polymers, metallurgy, and air treatment industries. The global lithium compound market is forecast to reach $8.4 billion by 2025 with a CAGR of 16% from 2020 to 2025. The major drivers for this market are increasing production of electric vehicles, growth in portable electronics, and low environment impact of lithium batteries as compare to lead acid.
In this market, various lithium derivatives, such as lithium carbonate, lithium hydroxide, lithium concentrate, lithium metal, lithium chloride, and butyl lithium are used in manufacturing of lithium ion batteries, glass and ceramics products, and lubricants. Lucintel forecasts that lithium carbonate will remain the largest material over the forecast period due to the increasing demand for lithium ion batteries in electric vehicles and smartphones.
Within the lithium compound market, lithium-ion batteries will remain the largest end use industry and it is also expected to witness the highest growth during the forecast period due to increasing demand for high energy density and long lifecycle batteries in electric vehicles, smartphones, and other portable electronics.
APAC will remain the largest region and it is also expected to witness the highest growth over the over the forecast period due to growth in electric vehicles and increasing demand for smartphone.
An emerging trend, which has a direct impact on the dynamics of the industry, includes increasing demand for lithium polymer batteries. Ganfeng Lithium, Albemarle, SQM, FMC, and Tianqi Lithium are among the major lithium compound manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global lithium compound market by end use industries, derivative type, and region. Lucintel has prepared a comprehensive research report entitled "Growth Opportunities in the Global Lithium Compound Market 2020-2025: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a trend and forecast for the global lithium compound market by end use industry, derivative, and region as follows:
By Derivative [$M and Kilotons shipment analysis for 2014 - 2025]:
o Lithium Carbonate
o Lithium Hydroxide
o Lithium Concentrate
o Lithium Metal
o Lithium Chloride
o Butyl Lithium
o Others

By End Use Industry [$M and kilotons shipment analysis for 2013 - 2024]:
o Li-Ion Batteries
o Glass & Ceramics
o Lubricants
o Polymers
o Metallurgy
o Air Treatment
o Others

By Region [$M and kilotons shipment analysis for 2013 - 2024]:
o North America
- United States
- Canada
- Mexico
o Europe
- Germany
- France
- Spain
- Italy
o Asia Pacific
- China
- India
- Japan
- Korea
o The Rest of the World
This 186 page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com. Lucintel offerings include chemical market research reports, chemical industry analysis report, commercial due diligence report, business strategy consulting and market research reports online.

This report answers following 11 key questions:

Q.1 What are some of the most promising potential, high-growth opportunities for the global lithium compound market by end use industry (Li-Ion Batteries, Glass & Ceramics, Lubricants, Polymers, Metallurgy, Air treatment, and Others), derivative type (Lithium Carbonate, Lithium Hydroxide, Lithium Concentrate, Lithium Metal, Lithium Chloride, Butyl Lithium and Others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q. 2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are emerging trends in this market and the reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last 5 years in this market?

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Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. We offer market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.

This release was published on openPR.