Lithium Market Research Report : 2017-2022

Reports And Markets Publish a New Market Research Report On –"Lithium Market - Segmented by Product Type, Applications, and Geography - Trends and Forecasts (2017 - 2022)"

Access Full Report With Table Of Contents @ https://www.reportsandmarkets.com/reports/1086195-global-lithium-market-segmented-by-product-forecasts-2017-2022

The global lithium market has been estimated at XX.XX metric tons in 2016 and is projected to reach XX.XX metric tons by 2021, at a CAGR of XX.XX% during the forecast period from 2016 to 2021. Lithium, a silver-white appearance soft metal, is the lightest metal in the periodic table. It reacts immediately when it comes in contact with air and water.

Also, the metal exhibits the following properties such as extremely high coefficient of thermal expansion, viscosity modifier in glass melts, highest electrochemical potential, compared to other metals, and catalytic and fluxing characteristics; therefore is being used in numerous applications. Lithium is used in the form of metals, compound, and alloys.

Although lithium is widely distributed on earth, it does not occur in elemental form, owing to its high reactivity. Lithium is a rare metal and is found in continental brines, hard rock minerals, and clays in various parts of the world, but in very low concentrations. Presently, high-grade lithium ores and brines are the commercial sources of lithium production.

Lithium, owing to its excellent electrochemical potential, catalytic characteristics, and light weight, is becoming an integral part of the various commercial and industrial sectors. In the global lithium market report, the following major applications were taken into consideration: batteries, air treatment, frits, medical, metallurgy, ceramics, glass-ceramics, polymers, nuclear, lubricating greases, aluminium smelting, and others. The batteries segment accounted for XX.XX% share of the global lithium market in 2016.

Market Dynamics of the Global Lithium Market:

Accelerating demand for lithium-ion batteries from the electrical vehicles segment
Growing usage and demand for portable consumer electronics (batteries)
Rising demand from the glass-making industry

Restraints:

High investment costs
Failure of new lithium start-up industries

The market has also been geographically segmented on the basis of consumption (APAC, North America, South America, Europe, and MEA) and also on the basis of reserves & production (Australia, China, Chile, Argentina, Zimbabwe, Brazil, Portugal, and the Unites States). In terms of consumption in 2015, China led the market with a share of XX.XX%. China has the second highest reserves of lithium in the world and combined with the restrictive lithium export policies enacted by the government; the consumption is consistently increasing in the country.

Additionally, with the growing environmental concerns, the consumers are shifting towards the electric vehicles, which in turn increases the demand for lithium-ion batteries that are used to power electric vehicles, consequently increasing the consumption of lithium. Furthermore, with the consistent economic development, the financial status of the middle-class consumers has increased, as a result, their demand for portable electronic products such as laptops and smartphones has increased, in turn increasing the consumption of lithium in the country.

Request For Sample Report @ https://www.reportsandmarkets.com/sample-request/1086195-global-lithium-market-segmented-by-product-forecasts-2017-2022

Furthermore, the shifting focus towards usage in aerospace and defense sector and adoption of green tires manufactured from lithium solutions will offer numerous opportunities for the growth of the global lithium market. Some of the major companies dominating this market are:

Albermarle Corp.
Avalon Rare Metals
FMC Lithium
Galaxy Resources
Orocobre
Western Lithium

Key Deliverables in the Study:

Market analysis for the global lithium market, with region specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global lithium market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.

Check Discount @ https://www.reportsandmarkets.com/check-discount/1086195-global-lithium-market-segmented-by-product-forecasts-2017-2022

For more information or any query mail at sales@reportsandmarkets.com

About Reports And Markets

Reports And Markets is part of the Algoro Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.

Are you mastering your market? Do you know what the market potential is for your product, who the market players are and what the growth forecast is? We offer standard global, regional or country specific market research studies for almost every market you can imagine.

Contact Person

Sanjay Jain

Manager - Partner Relations & International Marketing

info@reportsandmarkets.com

Ph: +1-214-377-1121 (US), +44-020-3286-9338 (UK)

This release was published on openPR.