Lucintel's latest market report analyzed that lithium compound provides attractive opportunities in the lithium-ion batteries, glass & ceramics, lubricants, polymers, metallurgy, and air treatment industries. The lithium compound market is expected to reach $8.4 billion by 2025 with a CAGR of 13%. In this market, a lithium carbonate is the largest segment by derivative, whereas lithium-ion battery is largest by end use industry. The increasing demand for lithium polymer batteries provides strategic growth path in this market.
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Based on derivative, the
lithium compound market is segmented into lithium carbonate, lithium hydroxide,
lithium concentrate, lithium metal, lithium chloride, butyl lithium, and others.
The lithium carbonate segment is accounted for the largest share of the market
in 2020 due to the increasing demand for lithium ion batteries in electric
vehicles and smartphones.
Browse in-depth TOC on “Lithium
Compound Market”
132 – Tables
157 – Figures
200 – Pages
The lithium compound
market is marked by the presence of several big and small players. Some of the
prominent players offering Lithium compound include Ganfeng Lithium, Albemarle,
SQM, FMC, and Tianqi Lithium.
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Brandon Fitzgerald
Lucintel
Dallas,
Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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