Lepidolite Market share by applications and regions for 2017- 2024

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Lepidolite Market share by applications and
regions for 2017- 2024
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• Overview

• Global Lepidolite Market size is anticipated to
  witness a healthy CAGR during the forecast
  period. Lepidolite is mica mineral made of
  potassium, aluminum silicates and lithium. It is
  an ore of lithium which is usually violet
  colored, depending on the quantity of lithium
  present and traces of other elements. 
• The prime factor which is likely to be
  responsible for lepidolite market size in future
  is the strong product demand in jewelry industry.
  Rising per capita income coupled with drifting
  consumer preferences for products that offer
  luxury and status is likely to fuel the jewelry
  industry growth in the coming years, which will
  have a positive influence on lepidolite market
  size in the coming years.
• Moreover, increasing demand for consumer goods
  and for high efficacy lightweight storage power
  supply across various applications including
  automotive, aerospace and electronics is expected
  to drive the product demand which in turn will
  have positive influence on the lepidolite market
  size over the forecast timespan.
• The product is widely used in industrial
  applications on account of its thermal insulation
  characteristics. It is employed as a heat
  insulator in industrial sector. Rapid rise in
  industries and production units mainly in the
  emerging economies are anticipated to fuel the
  product demand which will subsequently help
  attain promising gains to lepidolite market size
  in the forecast spell.

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• The product is also of significant use to
  geological and mineralogy research. Henceforth,
  advancements in geological research shall
  accelerate industry growth in the next few
  years. 
• The only restraint associated with lepidolite
  market size is the variation in its composition
  from region to region. An ore with a little
  amount of lithium makes it unsuitable for lithium
  processing and extraction. 
• Based on application, the lepidolite market size
  can be classified into heat insulator, mineral
  specimen, lithium production, ornamental stone
  and other applications which includes alloys for
  aircraft parts, high-temperature lubricants, etc.
  
• Ornamental stones segment had a significant share
  of the global lepidolite market size in 2016. The
  product has a pearl like texture and is
  significantly preferred in jewelry industry owing
  to its vibrant appearance and color. Its demand
  in ornamental stones is also due to the belief of
  the product being a healing substance that brings
  prosperity and reduces stress.
• Lithium production is an important application
  segment on account of rising importance of
  lithium metal in batteries.

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• 360 Analysis

• Based on end-user industry, the global lepidolite
  market is segmented into manufacturing
  industries, jewelry industry and mineralogy. The
  product is a precursor to lithium metal
  production. Lithium is used in manufacturing of
  lithium ion lithium polymer batteries for
  mobile phones, laptops, hybrid cars and various
  other portable devices.
• Manufacturing segment constitutes a major chunk
  of the overall business size which is attributed
  to surge in demand for lithium in aerospace,
  electronics and automotive applications. The
  jewelry industry also holds a prominent share of
  lepidolite market size due to excellent product
  properties including luster, attractiveness and
  vibrant color. 
• North America and Europe held a significant
  portion of the global lepidolite market size in
  2016. This has been attributed to the abundant
  availability of lepidolite in these region and
  high per capita income of consumers. Furthermore,
  increasing demand for lithium polymer and ion
  batteries in automobile and aerospace
  applications is expected to offer immense growth
  opportunities for the lepidolite market size
  during the forecast span.

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Competitive Trends

• The notable industries Lepidolite are
• Hallgarten and Company,
• SVS Chemical,
• Hangzhou JH Chemical Company Limited,
• Lithium Australia NL
• Univar.

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