Lithium Market is expected to rise at annual rate 2.0% in the forecast period of 2020 to 2027 due to the increasing demand for lithium-ion batteries in different applications, primarily in the automotive industry.
On the other hand, increasing gap of demand supply in the market is expected to obstruct the market growth in the above mentioned forecast period. The floundering of start-ups generating lithium is projected to challenge the lithium market.
Lithium Market Scenario : Global Lithium Market
According to Data Bridge Market Research the markets for lithium is accelerating because of the growing demand of the electric vehicles, rising usages of the lithium in high energy density and the rechargeable lithium-ion batteries. Additionally, increasing growth of the EV technology, rising cost of the fuel and the growing demand from the glass making industry positively affect the lithium market.
Furthermore, increasing number of technological advancement and the rising number of research and development activities extend profitable opportunities to the market players.
Now the question is which are the other regions that lithium market targeting? Data Bridge Market Research has estimated a large growth in Asia-Pacific because of the easy availability of the lithium reserves, cheap labor and various manufacturers along with growing usages of the product in battery production in the region. Europe is expected to witness significant growth during the forecast period of 2020 to 2027 because of the increasing production of electric vehicles along with prevalence of key manufacturers in the region.
For more analysis on the lithium market request for a briefing with our analysts https://www.databridgemarketresearch.com/ar/speak-to-analyst/?dbmr=global-lithium-market
Lithium Market Scope
Lithium market is segmented on the basis of countries into 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, Israel, Egypt, South Africa, 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.
- All country based analysis of lithium market is further analyzed based on maximum granularity into further segmentation. Lithium market on the basis of type, end-user industry and application. On the basis of type, the lithium market is segmented into metal, compound, and alloy. Compound has been further segmented into carbonate, chloride, and hydroxide. On the basis of end-user industry, the lithium market is segmented into industrial, consumer electronics, electric vehicle, energy storage, and medical. On the basis of application, the lithium market is segmented into battery, lubricant, aluminum smelting and alloy, air treatment, medical, glass and ceramics, metallurgy, polymer, and others. Metallurgy has been further segmented into iron and steel coatings.
- Lithium is the lightest metal known chemical element of the alkali metal group and is especially used in alloys and glass, in mechanical lubricants and in storage batteries. It is found in ocean water due to its solubility as an ion and is commonly derived from brines.
To know more about the study, https://www.databridgemarketresearch.com/ar/reports/global-lithium-market
Key Pointers Covered in the Lithium Market Industry Trends and Forecast to 2027
- Market Size
- Market New Sales Volumes
- Market Replacement Sales Volumes
- Market Installed Base
- Market by Brands
- Market Procedure Volumes
- Market Product Price Analysis
- Market Cost of Care Analysis
- Market Shares in Different Regions
- Recent Developments for Market Competitors
- Market Upcoming Applications
- Market Innovators Study
Key Market Competitors Covered in the Report
- Albemarle Corporation.
- FMC Corporation.
- Ganfeng Lithium Co.,Ltd
- BY LITHIUM EXPLORATION GROUP.
- LSC Lithium Corporation
- Neo Lithium
- SQM S.A.
- Tianqi Lithium
- Lithium Corporation.
- Yacimientos de Litio Bolivianos
- Altura Mining; Avalon Advanced Materials
- Critical Elements Lithium Corporation
- Livent.
- Galaxy Resources Limited
- Ganfeng Lithium Co., Ltd.
- Nemaska Lithium
- Neometals Ltd
- Orocobre Limited Pty Ltd
- Sayona Mining Limited.
- Perseus Mining Limited
Above are the key players covered in the report, to know about more and exhaustive list of lithium companies’ contact us https://www.databridgemarketresearch.com/ar/toc/?dbmr=global-lithium-market
Research Methodology of Lithium Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Related Reports
- Global Lithium-Ion Battery Recycling Market - Industry Trends and Forecast to 2028
- Global Lithium Chemical Market - Industry Trends and Forecast to 2026
- Asia-Pacific Lithium Chemicals Market - Industry Trends and Forecast to 2026
Browse in Chemical and Materials Category Related Reports@ https://www.databridgemarketresearch.com/ar/report-category/chemical-and-materials
