Lithium Market to Expand at a Striking 10.7% CAGR With Widening Applications Across Medical and Consumer Electronics Industries - TMR

USA - English

• India - English
• USA - čeština
• USA - slovenčina
• USA - Polski
• USA - Pусский

ALBANY, New York, May 20, 2019 /PRNewswire/ -- The global lithium market features a highly competitive vendor landscape, Transparency Market Research (TMR) examines during their detailed study. Some of the key players including SQM, Talison Lithium, Albermarle Corporation, FMC Corporation, and Jiangxi Ganfeng are dominating in the global lithium market. Domination of international and large players is leading to increased competition in the market. Thus, capacity expansion and collaborations are some of the key strategies adopted by companies to retain their position in the market. Additionally, large players are focusing on lowering production costs to gain a competitive edge in the market.

TMR's report based on the global lithium market estimated the growth with a striking CAGR of 10.7% over the forecast period from 2018 to 2026. With the vigorous CAGR, the market is expected to attain a value of US$7.28 bn by 2026 from a value of US$2,983.59 Mn in 2017.

Request a Sample for extensive research insights: https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=35285

Based on the application, the global lithium market is dominated by the energy storage segment by 42.5% in 2017. Regionally, Asia Pacific accounted for a major share of the global lithium market in 2017 in terms of consumption. The region has emerged as a hub for manufacturers coupled with high exportation of chemicals from the past few years. Primarily, the presence of the countries such as China and South Korea in the region that are registering high consumption of lithium from the past decade.

Widening Applications of Lithium to Boom the Demand in Coming Years

Lithium offers benefits such as small size, high power, low weight, long life cycle, and compatibility with high voltages. Thanks to these compatibilities, the demand for lithium products is high from medical device manufacturing. Additionally, alkyl treated lithium chemicals have applications as synthetic agents in the manufacturing of other intermediates such as drugs and agricultural chemicals. These widened uses of the lithium are propelling growth of the global lithium market.

Request For Multiple Chapters: https://www.transparencymarketresearch.com/sample/sample.php?flag=MC&rep_id=35285

Moreover, recent research on lithium and potential applications of salts has boosted applications of lithium salts for treatment of diseases such as schizoaffective disorder and depression along with the bipolar disorder. Additionally, due to enhanced battery support, the demand for lithium-based batteries is increased substantially for manufacturing cardiac pacemakers, neurostimulators, drug pumps, and cardiac defibrillators. This is another key factor expected to boost the lithium market in the coming years.

Some of the Environmental Concerns to Restrain Market's Growth

Furthermore, lithium salts or lithium carbonates have wide applications during the processing of metal oxides for producing technical-grade and battery-grade applications. High demand for the enhanced batteries is boosting demand for lithium and lithium-based products, in turn, benefiting the global lithium market.

Request For Discount On This Report: https://www.transparencymarketresearch.com/sample/sample.php?flag=D&rep_id=35285

However, concerns over the disposal of the lithium batteries are likely to restrain the growth of the market to some extent. As the contact of lithium with food could release toxic content, consumption of this contaminated food may lead to food poisoning. Thus, the proper disposal of the component demands high cost and careful disposal through landfill processes. This leads to increase the cost substantially. Additionally, numerous governments have imposed regulations on the disposal, which hampers the growth of the lithium market. Nonetheless, booming production of hybrid cars coupled with growing penetration of the consumer electronics is expected to offer the most lucrative opportunities for growth of the lithium market in the coming years.

Browse Press Release: https://www.transparencymarketresearch.com/pressrelease/lithium-market.htm

This information is encompassed in the report by TMR, titled, "Lithium Market (Product- Lithium Carbonate, Lithium Hydroxide, Lithium Chloride; Application - Energy Storage (E-vehicles, E-bikes, Consumer Electronics, Grid Storage), Air Treatment, Greases and Lubricants, Glasses and Ceramics) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026."

For the study, the global lithium market has been segmented as follows:

Product

• Lithium Carbonate
• Lithium Hydroxide
• Lithium Chloride
• Others

Application

• Energy Storage
• E-vehicles
• E-bikes
• Consumer Electronics
• Grid Storage
• Air Treatment
• Greases & Lubricants
• Glasses & Ceramics
• Others

Geography

• North America
• U.S.
• Canada
• Europe
• U.K.
• Germany
• France
• Spain
• Italy
• Rest of Europe

• Asia Pacific
• China
• Japan
• Australia
• India
• Rest of Asia Pacific
• Latin America
• Brazil
• Mexico
• Rest of Latin America

• Middle East & Africa
• South Africa
• Saudi Arabia
• Rest of Middle East & Africa

Browse Chemicals and Materials Market Research Reports

Popular Research Reports by TMR:

• Lithium Ion Cell and Battery Pack Market: https://www.transparencymarketresearch.com/lithium-ion-cell-battery-pack-market.html 
• Lithium Silicate Market: https://www.transparencymarketresearch.com/lithium-silicate-market.html 
• Lithium-ion Battery Separator Market: https://www.transparencymarketresearch.com/lithium-ion-battery-separator-market.html 
• Lithium Grease Market: https://www.transparencymarketresearch.com/lithium-grease-market.html

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals.

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through adhoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

Contact
Mr. Rohit Bhisey
Transparency Market Research
State Tower,
90 State Street,
Suite 700,
Albany NY - 12207
United States
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: [email protected] 
Website: http://www.transparencymarketresearch.com 
Research Blog: http://www.europlat.org/

SOURCE Transparency Market Research