Global Lithium Chemicals Market has been Driven by Varied Non-Battery Applications of Lithium Chemicals Due to its Light Weight Property in the forecast period of 2019 to 2026

lithium chemicals market is projected to register a healthy CAGR of 35.1% in the forecast period of 2019 to 2026. The new market report contains data for the historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026

Lithium Chemical Market

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Drivers: Lithium Chemical Market

  • Surge of different lithium projects in the major lithium producing countries
  • Shift towards electronic vehicles from fuel-powered vehicles

Restraints:

  • Volatility in the prices of raw material of lithium compounds
  • High cost of lithium manufactured batteries

Opportunity:

  • Increased use of lithium carbonate in enamels and ceramics

Challenge:

  • Lithium compounds can harm the kidneys of workers in processing units

Market Trends:

Global Lithium Chemicals Market is segmented into four notable segments which are based on type, grade, application and end-user.

  • On the basis of type, the market is segmented into lithium carbonate, lithium chloride, lithium hydroxide, lithium fluoride, lithium bromide and others. In 2019, lithium carbonate segment is expected to dominate the market with the largest market share as it helps in reducing the severity and frequency of mania. It also prevent in bipolar depression
  • On the basis of grade, the market is segmented into industrial grade, battery grade and others
  • On the basis of application, the market is segmented into battery, lubricant, aluminium smelting & alloy, air treatment, medical, glass &ceramics, metallurgy, polymer, greases and others
  • On the basis of end-user, the market is segmented into industrial, electronics and electricals, transportation, medical, power plants and others

Key Market Players: Lithium Chemical Market

Some of the major players operating in this market 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.

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