Key Lithium Market Producers and Their Market Impact Worldwide By 2031 | Most Leading Companies - Albemarle, Altura Mining Limited, Avalon Advanced Materials Inc, FMC

Global Lithium Market reached US$ 9.3 billion in 2023 and is expected to reach US$ 38.8 billion by 2031, growing with a CAGR of 19.5% during the forecast period 2024-2031.

Lithium Market, as detailed in the DataM Intelligence report, presents a strategic overview of the industry backed by in-depth data and market trends. The study highlights the performance and positioning of major players, focusing on their offerings, pricing models, financial outcomes, and growth strategies. It serves as a concise yet insightful reference for understanding the current landscape and future direction of the market.

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Market Overview:

Lithium is a soft, silvery-white alkali metal known for its high electrochemical potential, making it essential in rechargeable batteries. It is also used in pharmaceuticals, ceramics, glass, and aluminum production.

List of the Key Players in the Lithium Market:

Albemarle, Altura Mining Limited, Avalon Advanced Materials Inc, FMC, Critical Elements Corporation, Galaxy Resources Limited, Jiangxi Ganfeng Lithium Co. Ltd, Lithium Americas, Sichuan Tianqi Lithium Industries, SQM.

Lithium Market Development:

On March 13, 2023, MontaVista Energy Technologies Corporation unveiled its new METARY P series of Lithium Metal Battery (LMB) products. These advanced batteries deliver both high power and high specific energy. In-flight tests conducted by several drone manufacturers showed that drones powered by MontaVista's LMBs achieved 60-80% longer flight times compared to those using conventional lithium-ion batteries.

On March 20, 2023, Mitsubishi Logisnext Americas Group launched Triathlon Lithium-ion battery and charger solutions for the UniCarriers forklift product line. These battery systems will be available as factory-installed options on most Class I and III UniCarriers forklift models across North and Latin America.

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Segment Covered in the Lithium Market:

By Type: Alloys, Metal, Chloride, Carbonate, Hydroxide, Concentrate

By Application: Batteries, Lubricants, Automotive Parts, Aluminum Smelting & Alloys, Medical, Glass and Glass Ceramics, Air Treatment, Metallurgy, Polymers, Others

By End User: Consumer Electronics, Electric Vehicles, Energy Storage, Industrial, Others

Regional Analysis for Lithium Market:

⇥ North America (U.S., Canada, Mexico)

⇥ Europe (U.K., Italy, Germany, Russia, France, Spain, The Netherlands and Rest of Europe)

⇥ Asia-Pacific (India, Japan, China, South Korea, Australia, Indonesia Rest of Asia Pacific)

⇥ South America (Colombia, Brazil, Argentina, Rest of South America)

⇥ Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Frequently asked questions:

➠ What are the global sales, production, consumption, import, and export figures for the Lithium market?

➠ Who are the key global manufacturers, and how are they performing operationally?

➠ What opportunities and risks do vendors face in the Lithium market?

➠ Which product types or end-users show the most growth potential, and what are their market shares?

➠ What factors are driving or limiting growth in the Lithium market?

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