Lithium Market Size to Surpass USD 17.52 million with a Growing CAGR of 12.50% by 2029, Share, Trends, Growth Strategies and Competitive Analysis

Global lithium market is likely to witness significant growth in the forecast period. There is an increase in the usage of lithium-ion batteries in the automotive industry due to their numerous benefits such as high energy density, long life cycle, low self-discharge rate, and fast charging capability. Along with this, an upsurge in the demand for the consumer electronics such as mobile phones, cameras, laptops and power tools which is powered by lithium-ion batteries is majorly contributing to the growth of the lithium market.

Data Bridge Market Research analyses that the lithium market was valued at USD 6.83 billion in 2021 and is expected to reach USD 17.52 billion by 2029, registering a CAGR of 12.50% during the forecast period of 2022 to 2029

Lithium is a soft, silver-white metal with a high flammability and reactivity. It is usually kept in mineral oil. The concentration of lithium in the earth's crust is expected to be 20-70 ppm by weight. Lithium is found in animals, plants, soil, and the human body. It is typically extracted from ores and mineral springs, where it can be found in trace amounts. It is used in aircraft cooling systems, special glasses, bicycle frames, rechargeable batteries, nuclear reactors, glass ceramics, and armour plating, among other things.

Browse More About This Research Report @ https://www.databridgemarketresearch.com/reports/global-lithium-market

Some of the major players operating in the lithium market are:

• SQM S.A., (Chile)
• Livent (U.S.)
• Albemarle Corporation (U.S.)
• Tianqi Lithium (China)
• Ganfeng Lithium Co. Ltd, (China)
• China Lithium Products Technology Co. Ltd (China)
• Shanghai China Lithium Industrial Co.,Ltd (China)
• Nemaska Lithium (Canada)
• Bacanora Lithium (U.K.)
• Lithium Americas Corp. (Canada)
• Galaxy Resources Ltd (Australia)
• Orocobre Limited Pty Ltd (Australia)

Lithium Market Regional Analysis/Insights

The lithium market is analysed and market size insights and trends are provided by country, type, application and end-user industry as referenced above.

The countries covered in the lithium market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Browse More Reports :

https://blogspotmarketfuture.blogspot.com/2023/06/dimethyldichlorosilane-market-will.html

https://blogspotmarketfuture.blogspot.com/2023/06/paint-thickeners-market-will-expect-to.html

https://blogspotmarketfuture.blogspot.com/2023/06/titanium-nitride-coating-market-is.html

https://blogspotmarketfuture.blogspot.com/2023/06/btx-and-hydrocarbon-separating.html

Contact Us: -
Data Bridge Market Research
US: +1 888 387 2818
United Kingdom: +44 208 089 1725
Hong Kong: +852 8192 7475
Email: - sopan.gedam@databridgemarketresearch.com

About Data Bridge Market Research:
An absolute way to predict what the future holds is to understand the current trend! Data Bridge Market Research presented itself as an unconventional and neoteric market research and consulting firm with an unparalleled level of resilience and integrated approaches. We are committed to uncovering the best market opportunities and nurturing effective information for your business to thrive in the marketplace. Data Bridge strives to provide appropriate solutions to complex business challenges and initiates an effortless decision-making process. Data Bridge is a set of pure wisdom and experience that was formulated and framed in 2015 in Pune.

This release was published on openPR.