North America Lithium Chemical Market – Industry Trends and Forecast to 2028

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North America Lithium Chemical Market – Industry Trends and Forecast to 2028

  • Chemical and Materials
  • Upcoming Report
  • Oct 2021
  • North America
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

North America Lithium Chemical Market, Type (Lithium Carbonate, Lithium Chloride, Lithium Hydroxide, Lithium Fluoride, Lithium Bromide and Others), Grade (Industrial Grade, Battery Grade and Others), Application (Battery, Lubricant, Aluminum Smelting and Alloy, Air Treatment, Medical, Glass and Ceramics, Metallurgy, Polymer, Greases and Others), End-User (Industrial, Electronics and Electricals, Transportation, Medical, Power Plants and Others), Country (U.S., Canada, Mexico) Industry Trends and Forecast to 2028.

North America Lithium Chemical Market Market Analysis and Insights of Lithium Chemical Market

The lithium chemical market is expected to gain market growth in the forecast period of 2021 to 2028. Data Bridge Market Research analyses the market to grow at a CAGR of 6.82% in the above-mentioned forecast period.

Lithium is basically a silvery white, soft substance that tends to represent the first alkaline substance in the periodic table. These products are basically compounds of metals such as carbonate, hydroxide, butyl, bromide and chloride and are hugely reactive because of its electron configuration. These chemicals display optimal fluxing and catalytic properties and high thermal expansion coefficient and electrochemical potential among others.

The factors such as increase in demand for rechargeable batteries from the electric vehicle sector consisting of the battery-powered vehicles, plug-in and hybrid vehicles and surge in demand for portable equipment powered by li-ion batteries is the root cause fueling up the lithium chemical market growth rate. Additionally, the rise in environmental awareness among consumers and regulatory bodies along with change in preferences from fuel-powered to electrical vehicles among consumers and increase in the usage of the chemical in various applications in digital cameras, laptops, calculators and cellphones replacing alkaline batteries owning to their replacing alkaline batteries will also directly and positively impact the growth rate of the lithium chemical market. The depletion of earth metals and rise in demand for recycled products and materials will also foster the market growth. However, lack of recharging infrastructure along with the high operational costs derail growth of the lithium chemical market.

Furthermore, rise in need for battery-operated industrial and construction equipment pose as a major challenge to the growth of the lithium chemical market. Concerns regarding the socio-environmental impact of lithium extraction and product safety pose as challenge for the market’s growth.

This lithium chemical market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on lithium chemical market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

North America Lithium Chemical Market Scope and Market Size

The lithium chemical market is segmented on the basis of type, grade, application and end-user. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target market.

  • On the basis of type, the lithium chemical market is segmented into lithium carbonate, lithium chloride, lithium hydroxide, lithium fluoride, lithium bromide and others.
  • On the basis of grade, the lithium chemical market is segmented into industrial grade, battery grade and others.
  • On the basis of application, the lithium chemical market is segmented into battery, lubricant, aluminium smelting and alloy, air treatment, medical, glass andceramics, metallurgy, polymer, greases and others.
  • On the basis of end-user, the lithium chemical market is segmented into industrial, electronics and electricals, transportation, medical, power plants and others.

Lithium Chemical Market Country Level Analysis

The lithium chemical market is segmented on the basis of type, grade, application and end-user.

The countries covered in the lithium chemical market report are U.S., Canada and Mexico in North America.

The country section of the lithium chemical market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Lithium Chemical Market Share Analysis

The lithium chemical market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to lithium chemical market.

The major players covered in the lithium chemical market report are  Albemarle Corporation, Livent, Galaxy Resources Limited, SQM S.A., Orocobre Limited Pty Ltd, SICHUAN BRIVO LITHIUM MATERIALS CO., LTD., Lithium Americas Corp., Pilbara Minerals, Neometals Ltd, Millennial Lithium, Tianqi Lithium Industry Co., Ltd., Nemaska Lithium, Ganfeng Lithium Co, Ltd., Talison Lithium Pty Ltd, Mody Chemi-Pharma Limited, SOVEMA GROUP S.p.A., Altura Mining, Infinity Lithium Corporation Limited, ProChem, Inc International and Critical Elements Lithium Corporation among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.


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Research Methodology

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated 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 drop down your inquiry.

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. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.