Lithium Carbonate Market to grow by 811.16 thousand tons from 2021 to 2026 | Batteries Segment to be Significant for Revenue Generation | 17000+ Technavio Reports

• Total Pages: 120
• Companies: 10+ – Including Albemarle Corp., AMG Advanced Metallurgical Group NV, Bacanora Lithium Plc, Eramet Group, European Metals Holdings, Galaxy Resources Ltd., Ganfeng Lithium Co. Ltd. among others.
• Coverage: Key drivers, trends, and challenges; Product insights & news; Value chain analysis; Parent market analysis; Vendor landscape; COVID impact & recovery analysis
• Segments: Application (batteries, ceramics and glass, cement and aluminum, and others)
• Geographies: APAC, North America, Europe, and ROW

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The Lithium Carbonate Market is expected to increase by 811.16 thousand tons from 2021 to 2026. However, the growth momentum is likely to decelerate at a CAGR of 23.24% as per the latest market report by Technavio. The lithium carbonate market share growth by the batteries segment will be significant for revenue generation. The growth is attributed to the high demand for lithium carbonate-based lithium-ion batteries are used in EVs, energy grid storage batteries, and consumer electronics. Lithium carbonate is also used to manufacture lithium cobalt oxide batteries, which offer stable capacities and high specific energy. These characteristics of lithium cobalt oxide batteries make them ideal for use in smartphones, laptops, and digital cameras.

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Vendor Insights-

The Lithium Carbonate Market is fragmented, and the vendors are deploying growth strategies such as focusing on product delivery through multiple distribution channels to compete in the market.

• Albemarle Corp. - The company offers lithium carbonate which has additive and flux for welding rods.
• AMG Advanced Metallurgical Group NV - The company offers a high-quality Lithium Hydroxide Battery Grade.

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Regional Market Outlook

The Lithium Carbonate Market share growth in APAC will be significant during the forecast period. 72% of the market's growth will originate from APAC during the forecast period. China, South Korea (Republic of Korea), and Japan are the key markets for lithium carbonate in APAC. Market growth in this region will be faster than the growth of the market in North America and ROW. The rapid growth of the automotive, electrical and electronics, and healthcare industries in countries such as China, Japan, India, Indonesia, and South Korea will facilitate the lithium carbonate market growth in APAC over the forecast period

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Latest Drivers & Trends Driving the Market-

• Lithium Carbonate Market Driver:
• High demand from developing countries:The key factor driving the global lithium carbonate market growth is the high demand from developing countries such as China, India, Chile, Argentina, Indonesia, Brazil, and Mexico. In April 2019, under the second phase of the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) scheme, the Indian government announced subsidies for all categories of EVs based on their technology (battery-operated vehicles). The scheme is expected to improve the sales of HEVs and EVs by 2025. In addition, the implementation of stringent regulations by regulatory bodies to reduce carbon emissions also helps drive the sales of EVs in the US.
• Lithium Carbonate Market Trend:
• The rise in the number of partnerships:The key trend driving the global lithium carbonate market growth is the rise in the number of partnerships with battery manufacturers to expand their production facilities for EV batteries. For instance, on January 22, 2019, Toyota Motor Corporation., a leading automotive manufacturer, signed an agreement with Panasonic Corporation to establish a joint venture for the production of automotive prismatic batteries, including prismatic lithium-ion batteries, solid-state batteries, and next-generation batteries.

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Table of Contents:

***1. Executive Summary                         

               **1.1 Market Overview                   

***2. Market Landscape                            

               **2.1 Market ecosystem             

                              *Exhibit 08:  Parent market

                              *Exhibit 09:  Market Characteristics

               **2.2 Value Chain Analysis          

                              *Exhibit 10:  Value Chain Analysis: Diversified chemicals

                              *2.2.1    Inputs

                              *2.2.2    Inbound logistics

                              *2.2.3    Outbound logistics

                              *2.2.4    Marketing and sales

                              *2.2.5    Support activities

                              *2.2.6    Innovations

***3. Market Sizing                      

               **3.1 Market definition

                              *Exhibit 11:  Offerings of vendors included in the market definition

               **3.2 Market segment analysis  

                              *Exhibit 12:  Market segments

               **3.3 Market size 2021 

               **3.4 Market outlook: Forecast for 2021 - 2026 

                              *Estimating growth rates for emerging and high-growth markets

                              *Estimating growth rates for mature markets

                              *Exhibit 13:  Global- Market size and forecast 2021 - 2026 ($ million)

                              *Exhibit 14:  Global market: Year-over-year growth 2021 - 2026 (%)

***4. Five Forces Analysis                         

               **4.1 Five Forces Summary         

                              *Exhibit 15:  Five forces analysis 2021 - 2026

               **4.2 Bargaining power of buyers            

                              *Exhibit 16: Bargaining power of the buyer

               **4.3 Bargaining power of suppliers        

                              *Exhibit 17: Bargaining power of the supplier

               **4.4 Threat of new entrants     

                              *Exhibit 18: Threat of new entrants

               **4.5 Threat of substitutes          

                              *Exhibit 19: Threat of substitutes

               **4.6 Threat of rivalry   

                              *Exhibit 20: Threat of rivalry

               **4.7 Market condition 

                              *Exhibit 21: Market condition - Five forces 2021

***5. Market Segmentation by Application                       

               **5.1 Market segments

                              *Exhibit 22 : Application- Market share 2020-2025 (%)

               **5.2 Comparison by Application             

                              *Exhibit 23:  Comparison by Application

               **5.3 Batteries - Market size and forecast 2021-2026      

                              *Exhibit 25:  Batteries - Market size and forecast 2021-2026 (thousand units)

                              *Exhibit 26:  Batteries - Year-over-year growth 2021-2026 (%)

               **5.4 Ceramics and glass - Market size and forecast 2021-2026   

                              *Exhibit 27:  Ceramics and glass - Market size and forecast 2021-2026 (thousand units)

                              *Exhibit 28:  Ceramics and glass - Year-over-year growth 2021-2026 (%)

               **5.5 Cement and aluminum - Market size and forecast 2021-2026          

                              *Exhibit 29:  Cement and aluminum - Market size and forecast 2021-2026 (thousand units)

                              *Exhibit 30:  Cement and aluminum - Year-over-year growth 2021-2026 (%)

               **5.6 Others - Market size and forecast 2021-2026          

                              *Exhibit 31:  Others - Market size and forecast 2021-2026 (thousand units)

                              *Exhibit 32:  Others - Year-over-year growth 2021-2026 (%)

               **5.7 Market opportunity by Application              

                              *Exhibit 33:  Market opportunity by Application

***6. Customer landscape                        

                              *Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                              *Exhibit 34:  Customer landscape

***7. Geographic Landscape                    

               **7.1 Geographic segmentation

                              *Exhibit 35:  Market share by geography 2021-2026 (%)

               **7.2 Geographic comparison    

                              *Exhibit 36:  Geographic comparison

               **7.3 APAC - Market size and forecast 2021-2026             

                              *Exhibit 37:  APAC - Market size and forecast 2021-2026 (thousand units)

                              *Exhibit 38:  APAC - Year-over-year growth 2021-2026 (%)

               **7.4 North America - Market size and forecast 2021-2026          

                              *Exhibit 39:  North America - Market size and forecast 2021-2026 (thousand units)

                              *Exhibit 40:  North America - Year-over-year growth 2021-2026 (%)

               **7.5 Europe - Market size and forecast 2021-2026         

                              *Exhibit 41:  Europe - Market size and forecast 2021-2026 (thousand units)

                              *Exhibit 42:  Europe - Year-over-year growth 2021-2026 (%)

               **7.6 ROW - Market size and forecast 2021-2026             

                              *Exhibit 43:  ROW- Market size and forecast 2021-2026 (thousand units)

                              *Exhibit 44:  ROW - Year-over-year growth 2021-2026 (%)

               **7.7 Key leading countries        

                              *Exhibit 45:  Key leading countries

               **7.8 Market opportunity by geography

                              *Exhibit 46:  Market opportunity by geography (thousand units)

***8. Drivers, Challenges, and Trends                  

               **8.1 Market drivers      

                              *8.1.1    High demand from developing countries

                              *8.1.2    Increasing demand for lithium-ion batteries

                              *8.1.3    Increasing use of lithium carbonate for numerous applications

               **8.2 Market challenges              

                              *8.2.1    Shortage of EV charging stations

                              *8.2.2    Presence of substitutes

                              *8.2.3    Toxicity of lithium carbonate

                              *Exhibit 47:  Impact of drivers and challenges

               **8.3 Market trends      

                              *8.3.1    Rise in the number of partnerships

                              *8.3.2    Capacity expansions to accelerate market growth

                              *8.3.3    Growing use of renewable energy

***9. Vendor Landscape                            

               **9.1 Overview

                              *Exhibit 48:  Vendor landscape

               **9.2 Landscape disruption         

                              *Exhibit 49: ?Landscape disruption?

                              *Exhibit 50: Industry Risk

               **9.3 Competitive Scenario        

***10. Vendor Analysis               

               **10.1 Vendors Covered             

                              *Exhibit 51: Vendor Landscape

               **10.2 Market positioning of vendors    

                              *Exhibit 52: ?Market positioning of vendors?

               **10.3 Albemarle Corp.

                              *Exhibit 52:  Albemarle Corp. - Overview

                              *Exhibit 53:  Albemarle Corp. - Business segments

                              *Exhibit 54:  Albemarle Corp. - Key offerings

                              *Exhibit 55:  Albemarle Corp. - Segment focus

               **10.4 AMG Advanced Metallurgical Group NV  

                              *Exhibit 56:  AMG Advanced Metallurgical Group NV - Overview

                              *Exhibit 57:  AMG Advanced Metallurgical Group NV - Business segments

                              *Exhibit 58:  AMG Advanced Metallurgical Group NV - Key offerings

                              *Exhibit 59:  AMG Advanced Metallurgical Group NV - Segment focus

               **10.5 Bacanora Lithium Plc      

                              *Exhibit 60:  Bacanora Lithium Plc - Overview

                              *Exhibit 61:  Bacanora Lithium Plc - Product and service

                              *Exhibit 62:  Bacanora Lithium Plc - Key offerings

               **10.6 Eramet Group     

                              *Exhibit 63:  Eramet Group - Overview

                              *Exhibit 64:  Eramet Group - Business segments

                              *Exhibit 65:  Eramet Group - Key offerings

                              *Exhibit 66:  Eramet Group - Segment focus

               **10.7 European Metals Holdings            

                              *Exhibit 67:  European Metals Holdings - Overview

                              *Exhibit 68:  European Metals Holdings - Business segments

                              *Exhibit 69:  European Metals Holdings - Key offerings

               **10.8 Galaxy Resources Ltd.     

                              *Exhibit 70:  Galaxy Resources Ltd. - Overview

                              *Exhibit 71:  Galaxy Resources Ltd. - Business segments

                              *Exhibit 72:  Galaxy Resources Ltd. - Key offerings

                              *Exhibit 73:  Galaxy Resources Ltd. - Segment focus

               **10.9 Ganfeng Lithium Co. Ltd.

                              *Exhibit 74:  Ganfeng Lithium Co. Ltd. - Overview

                              *Exhibit 75:  Ganfeng Lithium Co. Ltd. - Business segments

                              *Exhibit 76:  Ganfeng Lithium Co. Ltd. - Key offerings

                              *Exhibit 77:  Ganfeng Lithium Co. Ltd. - Segment focus

               **10.10 GFS Chemicals Inc.        

                              *Exhibit 78:  GFS Chemicals Inc. - Overview

                              *Exhibit 79:  GFS Chemicals Inc. - Product and service

                              *Exhibit 80:  GFS Chemicals Inc. - Key offerings

               **10.11 International Lithium Corp.        

                              *Exhibit 81:  International Lithium Corp. - Overview

                              *Exhibit 82:  International Lithium Corp. - Product and service

                              *Exhibit 83:  International Lithium Corp. - Key offerings

               **10.12 Leverton Clarke Ltd.      

                              *Exhibit 84:  Leverton Clarke Ltd. - Overview

                              *Exhibit 85:  Leverton Clarke Ltd. - Product and service

                              *Exhibit 86:  Leverton Clarke Ltd. - Key offerings

***11. Appendix                           

               **11.1 Scope of the report         

                              *11.1.1 Market definition

                              *11.1.2 Objectives

                              *11.1.3 Notes and caveats

               **11.2 Currency conversion rates for US$            

                              *Exhibit 87: Currency conversion rates for US$?

               **11.3 Research Methodology   

                              *Exhibit 88: Research Methodology

                              *Exhibit 89:Validation techniques employed for market sizing?

                              *Exhibit 90: Information sources

               **11.4 List of abbreviations        

                              *Exhibit 91: List of abbreviations

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