Global Lithium Market, By Type (Metal, Compound, Alloy), Application (Battery, Lubricant, Aluminium Smelting and Alloy, Air Treatment, Medical, Glass and Ceramics, Metallurgy, Polymer, Others), End-User Industry (Industrial, Consumer Electronics, Electric Vehicle, Energy Storage, Medical), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights : Global Lithium Market
By 2027, the lithium market will hit an approximate size of USD 5.37 billion, with growth of 2.0% for the projected period from 2020 to 2027. The lithium market report analyses the growth that is currently rising due to the increasing demand for lithium-ion batteries in different applications, primarily in the automotive industry.
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. Lithium metal is electrolytically isolated from a lithium chloride and potassium chloride mixture. There are many industrial uses for lithium and its compounds, including heat-resistant glass and ceramics, lithium grease lubricants, flux additives for the manufacture of iron, steel and aluminium, lithium batteries, and lithium-ion batteries.
The growing demand of the electric vehicles, rising usages of the lithium in high energy density, rechargeable lithium-ion batteries, increasing growth of the EV technology along with rising cost of the fuel, growing demand from the glass making industry are some of the vital as well as impactful factors which will likely to boost the growth of the lithium in the projected timeframe of 2020-2027. On the other hand, increasing number of technological advancement along with rising number of research and development activities which will further contribute by generating numerous opportunities that will led to the growth of the lithium market in the above mentioned projected timeframe.
Increasing gap of demand supply in the market along with floundering start-ups generating lithium which will likely to act as market restraints factor for the growth of the lithium in the above mentioned projected timeframe.
This lithium market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Lithium Market Scope and Market Size
Lithium market is segmented on the basis of type, end-user industry and application. 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, lithium market is segmented into metal, compound, and alloy. Compound has been further segmented into carbonate, chloride, and hydroxide. Carbonate attain maximum share in the market as the most stable compound is lithium carbonate (Li2CO3) and it is capable of forming other compounds, such as lithium hydroxide (LiOH) and pure lithium.
- Based on end-user industry, lithium market is segmented into industrial, consumer electronics, electric vehicle, energy storage, and medical. Electric vehicle will attain maximum share in the market due to the rising demand of the product in the developed economies.
- Lithium market is segmented in terms of market value, volume, market opportunities, and niches into multiple applications. The application segment for lithium market includes battery, lubricant, aluminium smelting and alloy, air treatment, medical, glass and ceramics, metallurgy, polymer, and others. Metallurgy has been further segmented into iron and steel coatings.
Global Lithium Market Country Level Analysis
Lithium market is analysed and market size, volume information is provided by country, type, end-user industry and application as referenced above.
The countries covered in the lithium market report are 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.
China dominates the Asia-Pacific lithium market due to the easy availability of the lithium reserves, cheap labour and various manufacturers along with growing usages of the product in battery production in the region. Germany is expected to hold the largest growth rate in the Europe lithium market due to the increasing production of electric vehicles along with prevalence of key manufacturers in the region.
The country section of the 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 Market Share Analysis
Lithium 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 market.
The major players covered in the lithium market report are 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; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Lithium Market
Data Bridge Market Research is a leader in consulting and 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 customised to include production cost analysis, trade route analysis, price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), import export and grey area results data, literature review, consumer analysis and product base analysis. Market analysis of target competitors can be analysed 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 (Factbook) or can assist you in creating presentations from the data sets available in the report.