The global lithium compounds market was expected to grow from USD 13.6 billion in 2019 to USD 61.22 billion by 2027, at a CAGR of 20.69% during the forecast period 2020-2027.
Lithium is the first alkali metal. It is the lightest of all the metals and have the least density from other solids. The primary use of lithium compounds is in rechargeable and non-rechargeable batteries. It is practised in a broad range of products, including heat-resistant glass, ceramics, and high durability and low weight alloys which are principally utilized in aircraft. Compounds of lithium have also been broadly utilised in the medical industry to manage bipolar illness.
Various end-users of the industries such as li-ion batteries, glass & ceramics and others. The rise in the use of portable devices using li-ion cells, growing locus of consumer & government means towards environmental interests and changing from fuel-burning cars to electric vehicles are driving the growth of the market.
Based on derivatives, the market segmented into lithium metal, lithium hydroxide, lithium concentrate, lithium carbonate, butyl lithium, lithium chloride. The lithium carbonate segment witnessed the most substantial share of the global lithium compounds market. Lithium carbonate is a salt of lithium and the carbonate used broadly in the preparing the different oxides of metals. Lithium carbonate is worked in various forms such as pharmaceuticals, glass & ceramics, aluminium production, and Li-ion batteries. The rising demand for lithium carbonate from the Li-ion battery industry is foreseen to drive its market.Based on end-use, the market has been segmented into medical, Li-Ion batteries, glass, ceramics, lubricants. The Li-ion batteries segment witnessed the largest share among other sub-segments. Lithium-ion batteries massively used in electric vehicles because they store more extra power per unit of weight compared to options such as nickel-cadmium. Li-ion batteries possess a high energy density, more extended run time, and an extended life cycle compared to conventional lead-acid batteries.
Asia-Pacific region accounted for the most substantial share in the global lithium compounds market. The growing need for new energy storage applications in vehicles, grid connected energy storage, and the essential requirement for consumer gadgets are supposed to change the market dimensions. Followed by the by North America, owing high demand for storage devices and development of new electric cars. The European region has constant demand over the years. The MEA, region is the emerging market for global lithium compound market.
Some of the key players of global lithium compound market are New Materials Company Limited, Shanghai China Lithium Industrial Company Limited, Nemaska Lithium Inc., Bacanora Lithium, Livent Corporation, Albemarle Corporation, Tianqi Lithium Industries Inc., Ganfeng Lithium Americas, Galaxy Resources Limited, Orocobre Limited, Shandong Ruifu Sociedad Quimica y Minera de Chile S.A. (SQM), Lithium Company Limited, Sichuan Ni&Co Guorun, Lithium Industry Company Limited, Neo Lithium Corporation, and Millennial Lithium Corporation. These companies are mainly concentrated on the advancement of new technologies & devices; expand from their territories to grab the vital share of the global market.
Archer Materials manufactures most efficient coated spherical graphite for lithium-ion batteries: This work allows Archer to continue downstream business and growth possibilities with lithium-ion battery manufacturers, graphite processing options and more efficient graphene and graphitic materials.
The Study delivers comprehensive analysis of the following segments:
Global Lithium Compounds Market Analysis And Forecast, By Derivatives
Global Lithium Compounds Market Analysis And Forecast, By End Use
Global Lithium Compounds And Forecast, By Regional Analysis
Report Description:
The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Derivatives
4.3.2. Market Attractiveness Analysis By End user
4.3.3. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.3. Restraints
5.4. Opportunities
6. Global Lithium Compound Market Analysis and Forecast, By Derivatives
6.1. Segment Overview
6.2. Lithium Metal
6.3. Lithium Hydroxide
6.4. Lithium Concentrate
6.5. Lithium Carbonate
6.6. Butyl Lithium
6.7. Lithium Chloride
7. Global Lithium Compound Market Analysis and Forecast, By End User
7.1. Segment Overview
7.2. Li-Ion Batteries
7.3. Glass
7.4. Ceramics
7.5. Lubricants
8. Global Lithium Compound Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.5. South America
8.5.1. Brazil
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
9. Global Lithium Compound Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in Global Lithium Compound Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. Product Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. New Materials Company Limited
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Product Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. Shanghai China Lithium Industrial Company Limited
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Product Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. Nemaska Lithium Inc
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Product Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Bacanora Lithium, Livent Corporation
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Product Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Albemarle Corporation
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Product Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. Tianqi Lithium Industries Inc
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Product Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Ganfeng Lithium Americas
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Product Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Galaxy Resources Limited
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Product Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. Orocobre Limited
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Product Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. Shandong Ruifu Sociedad Quimica y Minera de Chile S.A. (SQM)
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Product Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
10.11. Lithium Company Limited
10.11.1. Business Overview
10.11.2. Company Snapshot
10.11.3. Company Market Share Analysis
10.11.4. Company Product Portfolio
10.11.5. Recent Developments
10.11.6. SWOT Analysis
10.12. Sichuan Ni&Co Guorun
10.12.1. Business Overview
10.12.2. Company Snapshot
10.12.3. Company Market Share Analysis
10.12.4. Company Product Portfolio
10.12.5. Recent Developments
10.12.6. SWOT Analysis
10.13. Lithium Industry Company Limited
10.13.1. Business Overview
10.13.2. Company Snapshot
10.13.3. Company Market Share Analysis
10.13.4. Company Product Portfolio
10.13.5. Recent Developments
10.13.6. SWOT Analysis
10.14. Neo Lithium Corporation
10.14.1. Business Overview
10.14.2. Company Snapshot
10.14.3. Company Market Share Analysis
10.14.4. Company Product Portfolio
10.14.5. Recent Developments
10.14.6. SWOT Analysis
10.15. Millennial Lithium Corporation
10.15.1. Business Overview
10.15.2. Company Snapshot
10.15.3. Company Market Share Analysis
10.15.4. Company Product Portfolio
10.15.5. Recent Developments
10.15.6. SWOT Analysis
List of Table
1. Global Lithium Compound Market, By Derivatives , 2017–2027 (USD Billion)
2. Global Lithium Metal, Lithium Compound Market, By Region, 2017–2027 (USD Billion)
3. Global Lithium Hydroxide, Lithium Compound Market, By Region, 2017–2027 (USD Billion)
4. Global Lithium Concentrate, Lithium Compound Market, By Region, 2017–2027 (USD Billion)
5. Global Lithium Carbonate, Lithium Compound Market, By Region, 2017–2027 (USD Billion)
6. Global Butyl Lithium, Lithium Compound Market, By Region, 2017–2027 (USD Billion)
7. Global Lithium Chloride, Lithium Compound Market, By Region, 2017–2027 (USD Billion)
8. Global Lithium Compound Market, By End User , 2017–2027 (USD Billion)
9. Global Medical, Lithium Compound Market, By Region, 2017–2027 (USD Billion)
10. Global Li-Ion Batteries, Lithium Compound Market, By Region, 2017–2027 (USD Billion)
11. Global Glass, Lithium Compound Market, By Region, 2017–2027 (USD Billion)
12. Global Ceramics, Lithium Compound Market, By Region, 2017–2027 (USD Billion)
13. Global Lubricants, Lithium Compound Market, By Region, 2017–2027 (USD Billion)
14. Global Lithium Compound Market, By Region, 2017–2027 (USD Billion)
15. Global Lithium Compound Market, By North America, 2017–2027 (USD Billion)
16. North America Lithium Compound Market, By Derivatives , 2017–2027 (USD Billion)
17. North America Lithium Compound Market, By End user , 2017–2027 (USD Billion)
18. U.S. Lithium Compound Market, By Derivatives , 2017–2027 (USD Billion)
19. U.S. Lithium Compound Market, By End user , 2017–2027 (USD Billion)
20. Canada Lithium Compound Market, By Derivatives , 2017–2027 (USD Billion)
21. Canada Lithium Compound Market, By End user , 2017–2027 (USD Billion)
22. Mexico Lithium Compound Market, By Derivatives , 2017–2027 (USD Billion)
23. Mexico Lithium Compound Market, By End user , 2017–2027 (USD Billion)
24. Europe Lithium Compound Market, By Derivatives , 2017–2027 (USD Billion)
25. Europe Lithium Compound Market, By End User , 2017–2027 (USD Billion)
26. Germany Lithium Compound Market, By Derivatives , 2017–2027 (USD Billion)
27. Germany Lithium Compound Market, By End user , 2017–2027 (USD Billion)
28. France Lithium Compound Market, By Derivatives , 2017–2027 (USD Billion)
29. France Lithium Compound Market, By End user , 2017–2027 (USD Billion)
30. U.K. Lithium Compound Market, By Derivatives , 2017–2027 (USD Billion)
31. U.K. Lithium Compound Market, By End user , 2017–2027 (USD Billion)
32. Italy Lithium Compound Market, By Derivatives , 2017–2027 (USD Billion)
33. Italy Lithium Compound Market, By End user , 2017–2027 (USD Billion)
34. Spain Lithium Compound Market, By Derivatives , 2017–2027 (USD Billion)
35. Spain Lithium Compound Market, By End user , 2017–2027 (USD Billion)
36. Asia Pacific Lithium Compound Market, By Derivatives , 2017–2027 (USD Billion)
37. Asia Pacific Lithium Compound Market, By End user , 2017–2027 (USD Billion)
38. Japan Lithium Compound Market, By Derivatives , 2017–2027 (USD Billion)
39. Japan Lithium Compound Market, By End user , 2017–2027 (USD Billion)
40. China Lithium Compound Market, By Derivatives , 2017–2027 (USD Billion)
41. China Lithium Compound Market, By End user , 2017–2027 (USD Billion)
42. India Lithium Compound Market, By Derivatives , 2017–2027 (USD Billion)
43. India Lithium Compound Market, By End user , 2017–2027 (USD Billion)
44. South America Lithium Compound Market, By Derivatives , 2017–2027 (USD Billion)
45. South America Lithium Compound Market, By End user , 2017–2027 (USD Billion)
46. Brazil Lithium Compound Market, By Derivatives , 2017–2027 (USD Billion)
47. Brazil Lithium Compound Market, By End user , 2017–2027 (USD Billion)
48. Middle East and Africa Lithium Compound Market, By Derivatives , 2017–2027 (USD Billion)
49. Middle East and Africa Lithium Compound Market, By End user , 2017–2027 (USD Billion)
50. UAE Lithium Compound Market, By Derivatives , 2017–2027 (USD Billion)
51. UAE Lithium Compound Market, By End user , 2017–2027 (USD Billion)
52. South Africa Lithium Compound Market, By Derivatives , 2017–2027 (USD Billion)
53. South Africa Lithium Compound Market, By End user , 2017–2027 (USD Billion)
List of Figures
1. Global Lithium Compound Market Segmentation
2. Lithium Compound Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Lithium Compound Market Attractiveness Analysis By Derivatives
9. Global Lithium Compound Market Attractiveness Analysis By End user
10. Global Lithium Compound Market Attractiveness Analysis By Region
11. Global Lithium Compound Market: Dynamics
12. Global Lithium Compound Market Share By Derivatives (2020 & 2027)
13. Global Lithium Compound Market Share by End User (2020 & 2027)
14. Global Lithium Compound Market Share by Regions (2020 & 2027)
15. Global Lithium Compound Market Share by Company (2019)
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