Global Lithium Compounds Market, 2024-2030

Lithium is a soft, silvery-white alkali chemical element commonly present in the soil, plants, animals and human body. Lithium is corrosive in nature and burns with a brilliant white flame. It forms numerous organic and inorganic compounds including hydride, oxide, nitride, carbide, hydroxide, etc. These compounds find applications in cooling systems for nuclear reactors, rechargeable batteries, special glasses, glass ceramics, aircrafts, armour plating and bicycle frames.

The major use of lithium compounds is in rechargeable and non-rechargeable batteries. It is used in wide range of products, including heat-resistant glass, ceramics, and high strength/low weight alloys which are principally utilized in aircraft. Compounds of lithium have also been widely in used in the medical industry to treat bipolar disorder.

The global lithium compounds market research report sheds light on the market circumstances by carrying out primary and secondary research for more than 320 hours. As per the report, the global lithium compounds market is growing at a fast pace and increasing its geographical footprint rapidly. The global lithium compounds market is valued at US $ xxx million dollars in 2019 which is forecast to grow at CAGR of xx% and reach a massive US $ xxx million dollars by the end of 2024 in value.

The growth is comparatively higher in Asia Pacific and US region due to expansion in battery industry. The major growth driver for lithium compounds market globally is the increase in use of portable devices using li-ion batteries, increasing focus of consumer & government agencies towards environmental concerns and converting from fuel-burning cars to electrical vehicles are driving the growth of the market..

Lithium compounds enjoy wide usage across all major regions in the world including Europe, APAC, North America, Middle East, Africa, and Latin America. These regions serve large number of manufacturers and supplier and are hence responsible for the growth of lithium compounds market globally. The companies that lead global lithium compounds market are SQM, FMC Corporation, Orocobre Limited, Lithium Americas Corp. and Neometals Ltd.

Research Methodology

The research process includes the market segmentation of the global lithium compounds market, identifying the growth determinants of every market segment and market forecasts. All the market forecasts are done in accordance with the inputs taken from the global lithium compounds market industry experts from across the global industry. Company conducts more than 40 interview hours dedicated for this study, the same are mentioned below:

By company type:

Manufacturers (35%), Suppliers (25%), Consumers (20%), Researchers (10%), Independent industry consultant (10%)

By geography:

North America (25%), Asia (45%), Europe (30%)

By designation:

Top level (40%), Operation level (20%), Mid-level (40%)

Contents of the report:

• Insights on the global lithium compounds industry dynamics
• Estimation of the present global lithium compounds market size in terms of value and volume
• Global lithium compounds market breakup based on type and application
• Substantiated global lithium compounds market forecast for the next five years.
• In depth analysis of the leading companies working across different nodes of global lithium compounds industry value chain