According
to a new market report published by Lucintel, the future of the global lithium
compound market looks promising with opportunities in the lithium-ion
batteries, glass & ceramics, lubricants, polymers, metallurgy, and air
treatment industries. The global lithium compound market is forecast to reach $8.4
billion by 2025 with a CAGR of 16% from 2020 to 2025. The major drivers for this
market are increasing production of electric vehicles, growth in portable
electronics, and low environment impact of lithium batteries as compare to lead
acid.
In
this market, various lithium derivatives, such as lithium carbonate, lithium
hydroxide, lithium concentrate, lithium metal, lithium chloride, and butyl
lithium are used in manufacturing of lithium ion batteries, glass and ceramics
products, and lubricants. Lucintel forecasts that lithium carbonate will remain
the largest material over the forecast period due to the increasing demand for
lithium ion batteries in electric vehicles and smartphones.
Within the lithium compound market, lithium-ion
batteries will remain the largest end use industry and it is also expected to witness
the highest growth during the forecast period due to increasing demand for high
energy density and long lifecycle batteries in electric vehicles, smartphones,
and other portable electronics.
APAC will remain the largest region and it is
also expected to witness the highest growth over the over the forecast period
due to growth in electric vehicles and increasing demand for smartphone.
An emerging
trend, which has a direct impact on the dynamics of the industry, includes increasing
demand for lithium polymer batteries. Ganfeng Lithium, Albemarle, SQM, FMC, and
Tianqi Lithium are among the major lithium compound manufacturers.
Lucintel, a leading
global strategic consulting and market
research firm, has analyzed growth opportunities in the
global lithium compound market by end use industries, derivative type, and
region. Lucintel has prepared a comprehensive research report entitled “Growth
Opportunities in the Global Lithium Compound Market 2020-2025: Trends,
Forecast, and Opportunity Analysis”. This Lucintel report serves as a
catalyst for growth strategy as it provides comprehensive data and analysis on
trends, key drivers, and directions. The study includes a trend and forecast
for the global lithium compound market by end use industry, derivative, and
region as follows:
By Derivative [$M and Kilotons shipment analysis for 2014 – 2025]:
- Lithium
Carbonate
- Lithium
Hydroxide
- Lithium
Concentrate
- Lithium
Metal
- Lithium
Chloride
- Butyl
Lithium
- Others
By End Use Industry [$M and kilotons shipment analysis for 2013 –
2024]:
- Li-Ion
Batteries
- Glass
& Ceramics
- Lubricants
- Polymers
- Metallurgy
- Air
Treatment
- Others
By
Region [$M and kilotons shipment analysis for 2013 – 2024]:
·
North
America
–
United
States
–
Canada
–
Mexico
·
Europe
–
Germany
–
France
–
Spain
–
Italy
·
Asia
Pacific
–
China
–
India
–
Japan
–
Korea
·
The
Rest of the World
This 186 page research
report will enable you to make confident business decisions in this globally
competitive marketplace. For a detailed table of contents, contact Lucintel at
+1-972-636-5056 or visit us at helpdesk@lucintel.com. Lucintel offerings
include chemical
market research reports, chemical
industry analysis report, commercial due diligence
report, business
strategy consulting and market research
reports online.
About Lucintel
Lucintel, the premier
global management consulting and market research firm, creates winning
strategies for growth. We offer market assessments, competitive analysis,
opportunity analysis, growth consulting, M&A, and due diligence services to
executives and key decision makers in a variety of industries. For further
information, visit www.lucintel.com.
This report answers following 11 key
questions:
Q.1
What are some of the most promising potential, high-growth opportunities for
the global lithium compound market by end use industry (Li-Ion Batteries, Glass
& Ceramics, Lubricants, Polymers, Metallurgy, Air treatment, and Others), derivative
type (Lithium Carbonate, Lithium Hydroxide, Lithium Concentrate, Lithium Metal,
Lithium Chloride, Butyl Lithium and Others), and region (North America, Europe,
Asia Pacific, and the Rest of the World)?
Q. 2
Which segments will grow at a faster pace and why?
Q.3
Which regions will grow at a faster pace and why?
Q.4
What are the key factors affecting market dynamics? What are the drivers and
challenges of the market?
Q.5
What are the business risks and threats to the market?
Q.6
What are emerging trends in this market and the reasons behind them?
Q.7
What are some changing demands of customers in the market?
Q.8
What are the new developments in the market? Which companies are leading these
developments?
Q.9
Who are the major players in this market? What strategic initiatives are being
implemented by key players for business growth?
Q.10
What are some of the competitive products and processes in this area and how
big of a threat do they pose for loss of market share via material or product
substitution?
Q.11 What M & A activities have taken place
in the last 5 years in this market?
No comments:
Post a Comment