Lithium Compounds Market, Share, Growth, Trends and Forecast to 2025 – Adroit Market Research

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Lithium Compounds Market

• by Market by Derivative (Lithium Carbonate,
  Lithium Hydroxide, Lithium Metal, Butyl Lithium,
  Lithium Concentrate, Lithium Chloride, and
  Others), End Use (Li-Ion Batteries, Medical,
  Glass ceramics, Lubricants, Metallurgy,
  Polymers, and Others), Industry Vertical
  (Aerospace Defense, Automobile, Energy,
  Chemicals, Pharmaceuticals, and Others), and by
  Region, Global Forecasts 2018 to 2025

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Lithium Compounds Market Size and Share 2025

• The global Lithium Compound market size is
  projected to reach over USD 9 billion by 2025.
  Lithium is an alkali metal that is generally
  present among the soil, human body, animals, and
  plants. It is a light weight metal with less
  density when compared to other elements. The
  lithium compounds, primarily find its application
  in rechargeable and non-rechargeable batteries.
  The lithium is primarily used across glass
  ceramics, Li-ion batteries, healthcare, and
  lubricant industry. Its battery utilization finds
  application across a broad range of sectors
  including laptop, cellular devices, electric
  vehicle, and power generation storage including
  others.
• The positive government outlook toward promotion
  of electric vehicle and solar energy owing to
  rising environmental concerns is driving the
  industry upsurge. The rising inclination toward
  information technology and digitization has
  shifted consumer lifestyle toward electronic
  devices, which in turn is further escalating the
  industry upsurge. The key advantage of the
  battery is its higher energy density and lighter
  weight when compared to the other available
  alternatives which in turn will catapult the
  industry upsurge over the forecast timeline.
• The report also throws light on various aspects
  of the global Lithium Compound industry by
  assessing the market using value chain analysis.
  The report covers several qualitative aspects of
  the Lithium Compound industry in market drivers,
  market restraints and key industry trends.
  Furthermore, the report provides an in-depth
  assessment of the market competition with company
  profiles of global as well as local vendors.

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Lithium Compounds Market Size and Share 2025

• The Lithium Compound market holds a strong
  competition among the well-established and new
  emerging players. These market players target to
  gain a competitive advantage over the other
  players by participating in partnerships,
  mergers, and acquisitions and expanding their
  businesses.
• The Lithium Compound market is categorized into
  Li-Ion batteries, medical, glass ceramics,
  lubricants, metallurgy, polymers, and others on
  the basis of end use. The lithium ion segment is
  expected to expand at a growth rate of around 20
  over the forecast period on account of its rising
  demand of batteries. Further, growing demand from
  automobile, energy storage, and consumer
  electronics component are expected to catapult
  the segment growth over the forecast timeframe.
• Europe is poised to experience a substantial
  upsurge in the coming years. Rising concern
  associated with environmental changes leading to
  the adoption of electric vehicle and solar and
  wind energy storage is contributing toward
  industrial upsurge where these systems utilize
  battery to store energy. Supportive measures by
  the government to favor the promotion of these
  units will in turn positively impact the business
  landscape. In addition, ongoing innovation
  activities by the industry players to improve
  battery capabilities and improve the charging
  rate will further drive the product demand.

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Lithium Compounds Market Size and Share 2025

• Derivative Overview, 2018-2025, (USD Million and
  kilotons)
• Lithium Carbonate
• Lithium Hydroxide
• Lithium Metal
• Butyl Lithium
• Lithium Concentrate
• Lithium Chloride
• Others
• End Use Overview, 2018-2025, (USD Million and
  kilotons)
• Li-Ion Batteries
• Medical
• Glass ceramics
• Lubricants
• Metallurgy
• Polymers
• Others
• Industry Vertical Overview, 2018-2025, (USD
  Million and kilotons)
• Aerospace Defense
• Automobile

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