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Lithium Compound Market Expected to Surpass a Volume of 420 Thousand Tons by 2024

/EIN News/ -- Dublin, Sept. 12, 2019 (GLOBE NEWSWIRE) -- The "Lithium Compound Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024" report has been added to's offering.

The global lithium compound market reached a volume of 278,735 Tons in 2018. The market is expected to reach a volume of 420,658 Tons by 2024, exhibiting a CAGR of more than 7% during 2019-2024.

Lithium-ion batteries are majorly used in portable electronic devices such as electric vehicles, camera, pacemakers, smartphones and watches. Increasing usage for these devices among the consumers has boosted the demand for li-ion batteries in the emerging countries such as China, South Korea, India and Brazil. This acts as the major growth-inducing factor for lithium compounds since they are used in the production of li-ion batteries.

Moreover, huge investments in infrastructure developments, renovation of buildings and new housing projects are increasing the demand for glasses and ceramics, thereby influencing the market of lithium compounds. Further, a shift towards electronic vehicles instead of petroleum-based vehicles is facilitating the demand for lithium compounds in the industry.

Scope of the Report

  • The report has segmented the market on the basis of type, wherein lithium carbonate represents the most popular type of lithium compound. It is followed by lithium hydroxide, lithium concentrate, lithium metal, lithium chloride and butyllithium.
  • The market is also segregated on the basis of end-use into batteries, glass and glass ceramics, automotive parts, greases, metallurgy, polymer and air treatment.
  • Amongst these, batteries account for the majority of the market share.
  • Region-wise, the report covers Asia Pacific, North America, Europe, Middle East and Africa, and Latin America.
  • Currently, Asia Pacific dominates the market, accounting for the majority of the market share.
  • The report has also analysed the competitive landscape of the market with some of the key global players being SQM, FMC Corporation, Orocobre Limited, Lithium Americas Corp. and Neometals Ltd.

Key Topics Covered

1 Preface

2 Scope & Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Properties
4.3 Key Industry Trends

5 Global Lithium Compound Market
5.1 Market Overview
5.2 Market Performance
5.2.1 Volume Trends
5.2.2 Value Trends
5.3 Price Trends
5.4 Market Breakup by Type
5.5 Market Breakup by End Use
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.9 Value Chain Analysis
5.9.1 Overview
5.9.2 Research and Development
5.9.3 Raw Material Procurement
5.9.4 Manufacturing
5.9.5 Marketing
5.9.6 Distribution
5.9.7 End-Use
5.10 Porters Five Forces Analysis

6 Market Breakup by Type
6.1 Lithium Carbonate
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Lithium Hydroxide
6.3 Lithium Concentrate
6.4 Lithium Metal
6.5 Lithium Chloride
6.6 Butyllithium
6.7 Other Lithium Compound

7 Market Breakup by End-Use
7.1 Batteries
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Glass and Glass Ceramics
7.3 Automotive Parts
7.4 Greases
7.5 Metallurgy
7.6 Polymer
7.7 Air Treatment
7.8 Others

8 Market Breakup by Region

9 Lithium Compound Manufacturing Process
9.1 Product Overview
9.2 Raw Material Requirements
9.3 Manufacturing Process
9.4 Key Success and Risk Factors

10 Competitive Landscape
10.1 Market Structure
10.2 Key Players
10.3 Profiles of Key Players

  • SQM
  • FMC Corporation
  • Orocobre Limited
  • Lithium Americas Corp.
  • Neometals Ltd.

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