Global Lithium Compounds Market, By Derivatives (Lithium Carbonate, Lithium Hydroxide, Lithium Metal

Published Date: | Report Code : MT1958314


Growing demand from end-use industry applications in developing regions and promotion of application-specific grades by companies is expected to drive the lithium compound market during the forecast period. This market has witnessed number of key developments in terms of application-specific grade developments and strategic investments in emerging regions by companies to strengthen their market position in the global market. Some of the other key factors governing the market dynamics include regulatory scenario, exchange rates, environmental constraints, and so on. All these factors are expected to have a significant impact on the dynamics of the lithium compound market during the forecast period. Lithium is a soft and silver-white alkali metal and has the lowest density of all the metals. It reacts very vigorously with water and is corrosive in nature and burns with a brilliant white flame.

Segments Analysis:

The global lithium compound market is segmented on the basis of its derivatives and application. On the basis of derivative, it is segmented into lithium carbonate, lithium hydroxide, lithium metal, and butyl-lithium. The lithium hydroxide is most widely used as it is more anhydrous then its counterparts. By application, it is segregated into Li-ion Batteries, Glass & Ceramics, Medical, Lubricants, Metallurgy, Polymers. there has been a significant rise in the demand for Li-ion batteries as they are widely used for new generation energy electronic devices like cameras, high-performance portable computing devices, and electric vehicles.

Key Factors Impacting Market Growth:

  • The rising demand for portable electronic devices such as electric vehicles, camera, pacemakers, smartphones and watches

  • Increasing usage of lithium-ion batteries

  • They can withstand very high-temperature applications

Regional Analysis:

By region, the lithium compound market has been segmented in North America, Europe, Asia Pacific, Middle East, and Rest of the World. The North America and Western Europe regions are estimated to register a stable demand during the forecast period with market recovery from recent slowdowns. North America region includes US, Canada, and Mexico. US is estimated to dominate this market with a sizeable share followed by Canada, and Mexico. The industrial sector is a major contributor US and Canada economies overall. Hence, the supply of advanced materials in production activities is critical to the overall growth of industries in this region. Western Europe region is dominated by Germany, UK, France, Italy, and Spain. These countries also have a strong influence on the industrial sector resulting in sizeable demand for the lithium compound market.

Asia Pacific is estimated to register the highest CAGR by region during the forecast period. The presence of some of the high growth economies such as China and India is expected to propel the demand in this region. In addition, this region has witnessed strategic investments by major companies to increase their market presence. The Middle East and Eastern Europe are estimated to be other key regions for the lithium compound market with a strong market potential during the forecast period. Rest of the World consisting of South America and Africa are estimated to be emerging markets during the forecast period.

Companies Covered: Sociedad Quimica Y Minera De Chile (SQM), FMC Corporation, Albemarle Corporation, Sichuan Tianqui Lithium Chemicals Inc., Jiangxi Ganfeng Lithium Co.Ltd., China Lithium Products Technology Co., Ltd., Sichuan NiandCo Guorun New Materials Co.Ltd., Shanghai China Lithium Industrial Co.Ltd...

Market Segmentation:

By Derivatives:

  • Lithium Carbonate

  • Lithium Hydroxide

  • Lithium Metal

  • Butyl-Lithium

By Application:

  • Li-ion Batteries

  • Glass & Ceramics

  • Medical

  • Lubricants

  • Metallurgy

  • Polymers

By Region:

  • North America

    • By Country (US, Canada, Mexico)

    • By Derivatives

    • By Application

  • Western Europe

    • By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)

    • By Derivatives

    • By Application

  • Eastern Europe

    • By Country (Russia, Turkey, Rest of Eastern Europe)

    • By Derivatives

    • By Application

  • Asia Pacific

    • By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)

    • By Derivatives

    • By Application

  • Middle East

    • By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)

    • By Derivatives

    • By Application

  • Rest of the World

    • By Region (South America, Africa)

    • By Derivatives

    • By Application

Reasons to Buy This Report:

  • Market size estimation of the global lithium compound market on a regional and global basis

  • The unique research design for market size estimation and forecast

  • Profiling of major companies operating in the market with key developments

  • Broad scope to cover all the possible segments helping every stakeholder in the market


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