Asia-Pacific Lithium Chemicals Market, By Type (Lithium Carbonate, Lithium Chloride, Lithium Hydroxide, Lithium Fluoride, Lithium Bromide and Others), Grade (Industrial Grade, Battery Grade and Others), Application (Battery, Lubricant, Aluminium Smelting & Alloy, Air Treatment, Medical, Glass &Ceramics, Metallurgy, Polymer, Greases and Others), End-User (Industrial, Electronics and Electricals, Transportation, Medical, Power Plants and Others), Country (Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific) Industry Trends and Forecast to 2028
The lithium chemicals market is expected to witness market growth at a rate of 4.8% in the forecast period of 2021 to 2028 and is further estimated to reach USD 1,309.5 million by 2028. Data Bridge Market Research report on lithium chemicals market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the different lithium projects in the major lithium producing countries is escalating the growth of lithium chemicals market.
Lithium chloride is known to be a solid substance that has a huge capacity to grasp water and therefore it becomes valuable for air-conditioning purposes and as an anti-freezing agent. Lithium is immensely reactive due to its electron configuration.
Major factors that are expected to boost the growth of the lithium chemicals market in the forecast period are the mixed non-battery applications of lithium chemicals because of the light weight property. Furthermore, the rise in the need of lithium in glasses and ceramics is further anticipated to propel the growth of the lithium chemicals market. Moreover, the change toward the electronic vehicles from fuel-powered vehicles is further estimated to cushion the growth of the lithium chemicals market. On the other hand, the instability in the costs of the raw material of lithium compounds and growing cost of lithium manufactured batteries is further projected to impede the growth of the lithium chemicals market in the timeline period.
In addition, the amplified usage of lithium carbonate in enamels and ceramics will further provide potential opportunities for the growth of the lithium chemicals market in the coming years. However, litthium compounds can damage the kidneys of workers in processing units and lithium compounds effect mental health of labors and employees in mining companies might further challenge the growth of the lithium chemicals market in the near future.
This lithium chemicals market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the 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 the lithium chemicals market, contact Data Bridge Market Research for an Analyst Brief. Our team will help you take an informed market decision to achieve market growth.
Asia-Pacific Lithium Chemicals Market Scope and Market Size
- The lithium chemicals 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 markets.
- On the basis of type, the lithium chemicals market is segmented into lithium carbonate, lithium chloride, lithium hydroxide, lithium fluoride, lithium bromide and others.
- On the basis of grade, the lithium chemicals market is segmented into industrial grade, battery grade and others.
- On the basis of application, the lithium chemicals 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 lithium chemicals market is segmented into industrial, electronics and electricals, transportation, medical, power plants and others.
Lithium Chemicals Market Country Level Analysis
The lithium chemicals market is analyzed, and market size, volume information is provided by country, type, grade, end user and application as referenced above.
The countries covered in the lithium chemicals market report are the China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact 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, downstream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of domestic tariffs, and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Lithium Chemicals Market Share Analysis
The lithium chemicals market competitive landscape provides details by a 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 the lithium chemicals market.
The major players covered in the lithium chemicals 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 other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.