Global Lithium Market Key Players Albemarle Corporation, SQM, Tianqi Lithium Corporation, Ganfeng Lithium Co. Ltd., Pilbara Minerals, Allkem, Livent Corporation

Lithium is a soft, silver-white metal that is widely used in the production of batteries, ceramics, glass, lubricants, and other products. The global lithium market has been growing rapidly in recent years, driven by the increasing demand for lithium-ion batteries in electric vehicles, consumer electronics, and energy storage systems.

Get a Free Sample Copy of the Global Lithium Market Research Report at https://www.reportsnreports.com/contacts/requestsample.aspx?name=6848988

The Global Lithium market was valued at USD 4650 Million in 2021 and is expected to grow at a CAGR of 13.5% during the forecast period of 2023-2028. The market for lithium-ion batteries is likely to grow significantly over the forecast period as a result of the electrification of cars.

Also, the growing lithium-ion battery market will be able to get enough products from the lithium sector. Direct lithium extraction (DLE) and direct lithium to product (DLP), which are anticipated to grow tenfold between 2021 and 2030, can be the driving factors behind the industry's ability to react more quickly to skyrocketing demand.

The largest producers of lithium are currently located in South America, particularly in the "Lithium Triangle" that encompasses Argentina, Bolivia, and Chile. However, other countries such as Australia, Canada, and China are also significant producers.

Some of the key players in the global lithium market include:

Albemarle Corporation
SQM (Sociedad Química y Minera de Chile)
FMC Corporation
Tianqi Lithium Corporation
Ganfeng Lithium Co., Ltd.
Lithium Americas Corp.
Orocobre Limited
Livent Corporation

Direct Purchase of the Global Lithium Market Research Report at https://www.reportsnreports.com/purchase.aspx?name=6848988

The global lithium market is expected to continue to grow in the coming years, with demand for lithium-ion batteries projected to increase significantly due to the transition to electric vehicles and the growth of renewable energy sources. However, the market is also facing challenges such as supply chain disruptions, geopolitical risks, and environmental concerns related to lithium extraction and processing.

+ 1 347 333 3771
sales@reportsandreports.com

ReportsnReports.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 95 leading global publishers & in-depth market research studies of over 5000 micro markets.

This release was published on openPR.