Lithium Chemicals Market will witness a rapid growth to 2024 - PowerPoint PPT Presentation

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Lithium Chemicals Market will witness a rapid growth to 2024


Request for TOC report @ Asia Pacific lithium chemicals market led by China, India, Japan and South Korea may experience significant growth by 2024 pertaining to rising disposable income in the region which has led to increased demand for mobile devices. China smartphone market size surpassed USD 130 billion in 2016 owing to the presence of a rich manufacturing industry in the country, increasing product popularity and increasing competition with foreign manufacturers which has led to improvements in product offering and may boost lithium chemicals market growth. – PowerPoint PPT presentation

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Title: Lithium Chemicals Market will witness a rapid growth to 2024

Lithium Chemicals Market predicted to grow
exponentially by 2024 Global Market Insights,
Regional Analysis of Lithium Chemicals Market
  • North America lithium chemicals market led by the
    U.S., Canada and Mexico is poised to rise
    substantially by 2024 on account of rising
    efforts by mining companies to tap new ore
    deposits to increase self-sufficiency. Sales of
    plugin electric vehicles in the U.S. surpassed
    70,000 units in 2016 pertaining to lower GHG
    emissions as compared to fuel power vehicles and
    low cost compared to battery-powered vehicles
    which may boost product demand.
  • Europe led by Germany, UK, France, and Spain
    lithium chemicals market size may witness rapid
    gains in the forecasted timeframe owing to
    increased aircraft manufacture driven by the
    booming tourism industry and rising passenger
    preference for chartered flights. UK aerospace
    market surpassed USD 40 billion in 2017
    pertaining to increased spending by manufacturers
    and rising exports which is poised to stimulate
    product demand.

  • Application Analysis of Lithium Chemicals Market
  • Lithium Chemicals Market size is predicted to
    rise significantly in the forecast timeframe
    owing to rising demand for rechargeable batteries
    from the electric vehicle segment comprising
    battery-powered vehicles, hybrid and plug-in
    vehicles. These products also have vast
    application potential in cellphones, digital
    cameras, laptops and calculators where they are
    replacing alkaline batteries pertaining to their
    light weight and low cost.
  • Lithium is a silvery white, soft substance which
    represents the first alkaline substance in the
    periodic table. These products are compounds of
    metals including chloride, carbonate, hydroxide,
    butyl and bromide. Lithium chemicals exhibit
    optimal fluxing catalytic properties, high
    thermal expansion coefficient electrochemical
    potential. Moreover, these products offer various
    benefits such as high thermal conductivity,
    specific heat, and low density viscosity which
    may accelerate growth of lithium chemicals market

Competitive Market Share of Lithium Chemicals
  • These products cater to diverse industries such
    as lubricant, aluminum production, air treatment,
    rubber thermoplastic manufacturing, aerospace
    and pharmaceutical industries which may spur
    lithium chemicals market growth. Stearates find
    use in the lubricant industry as a constituent of
    grease to impart thickening properties. In
    aluminum smelting, these products help reduce
    fluorine emissions and lower power consumption.
    Chlorides act as absorbents desiccants in air
    treatment by regulating humidity. Moreover,
    carbonates are a vital ingredient in
    pharmaceutical products for treating manic
    depression and bipolar disorder which may promote
    lithium chemicals market growth.
  • Global lithium chemicals market share is
    significantly competitive and fragmented among
    various manufacturers such as Chengdu Tianqi,
    Talison, Abermarle, Sichuan Brivo, and Mody Chemi
    Pharma Ltd. Several prominent manufacturers are
    engaging in strategic acquisitions of foreign
    firms to complement their product portfolio and
    ensure market expansion


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