Global Lithium Market 2018 Review with Forecasts – Industry Trends, Size, Share, Key Players, Growth Rate, Gross margin

OrbisResearch.com has published a new market report on “Global Lithium Market-Segmented by Type, Application, End-user Industry, and Geography-Growth, Trends and Forecast (2018-2023)” to its research database.

Dallas, United States - May 7, 2018 /MarketersMedia/ —

The global lithium market is expected to register a CAGR of 9.33% in the duration from 2018 to 2013.The pacific region of Asia is leading the market because of the increase in production of customer electronics and electrical vehicles.

Growing Demand for Electric Vehicles
Electric Vehicle batteries are the combinations of different types of anode and cathode with some battery chemistries which results into excellent performance in them. The growing adoption of electric vehicles (EVs) is a concept of rising concerns of the environment, as these vehicles help in reducing carbon emission levels. There are many stringent emission norms which is been under implementation by the government, around the globe which helps in reducing carbon emission level. Lithium is used in high-energy-density rechargeable lithium-ion batteries which leads in full-electric batteries, plug-in hybrid and hybrid vehicles (EVs, PHEV and HEVs). Lithium is a combination of low mass and high electrochemical potential which makes it perfect for EV battery usage. New records are been hit for electric cars in 2016 with the sale over 750, 000 units worldwide among which China was the largest with share of 45%. Approximate 336,000 new electric cars were registered in China which was double in comparison with United States.

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Battery – The Fastest Growing End-user Industry
In last two years, the battery application segment of the global lithium market was the largest application segment in terms of volume and revenue. Lithium batteries are categories into two segments namely, disposable and rechargeable. Disposable lithium batteries use lithium in the metallic form as an anode whereas Rechargeable lithium batteries are rechargeable, light weighted along with high energy density which makes them a good fit for portable electrons. Disposable lithium batteries have long life as compared to other standard batteries. Rechargeable batteries are most efficient power source for mobile, telephones, laptops and other electronic portable devices because of its energy density and lack of memory effect and lithium-ion.

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Asia-Pacific Region to Lead the Market
China integrates around 26% of global lithium market reserves, estimated at a value of 26.52 Mt in 2015. China also accounts for 10% of the global lithium market production capacity accounting for 18% kt, in 2015. Abundant availability of resources like brine, spodumene and other lithium deposits, accounting for around 11% of the global resource has 30.03 Mt LCE. The Mt. Marion project and the Mt. Cattlin project are located in Western Australia which has design capacity of 27ktpa and 13kpta respectively. These two projects are aimed to lead 67% increase in spodumene concentrated imports into China lifting the average utilization rate of Chinese conversion plants to over 90%. Along with China and Korea, Japan is one of the prominent regions for the lithium battery market. They occupy about 96% market share in terms of battery capacity shipments. Australia shares about 33% of the global lithium market supply and is the main point of growth on regional basis in this market. But, Australia constitutes only 5% of the global lithium industry reserves.

Renowned Developments in the Market
July 2017: SQM announced that the JV between SQM and Kidman Resources, will consolidate the three complementary lithium market production plants worldwide - the Salar de Atacama in Chile, the Salar de Caucharí in Argentina, and the Mount Holland Spodumene deposit in Australia
Major Players: Albemarle, SQM, FMC Corporation, Sichuan Tianqi Lithium Industries Inc. and Jiangxi Ganfeng Lithium Co. Ltd, amongst others.

Reasons to Purchase this Report
To understand the domain technology in the Lithium market.
To understand the impact of the end-user applications in the market.
To analyze various perspectives of the market with the help of Porter’s five forces analysis.
3-month analyst support, along with the Market Estimate sheet in excel
Countries expected to witness the fastest growth during the forecast period.
To analyze the major market players in latest developments, market shares and strategies.

Customization of the Report
This report can be customized to meet your requirements. Please connect with our representative, who will ensure you to get a report that suits your needs.

Companies Mentioned:
Albemarle Corporation, Altura Mining Limited, Avalon Advanced Materials Inc., Critical Elements Corporation, FMC Corporation (FMC Lithium), Galaxy Resources Limited, Jiangxi Ganfeng Lithium Co. Ltd, Lithium Americas, Nemaska Lithium, Neometals Ltd, Novo Lítio Ltd, Orocobre Limited, Sayona Mining Limited, Sichuan Tianqi Lithium Industries Inc., SQM (Sociedad Química y Minera de Chile SA)

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