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Global Lithium Market

Global Lithium Market

Lithium Market
The market was valued at 198.05-kilo tons lithium carbonate equivalent (LCE) in 2016; this is projected to reach 309.37-kilo tons LCE by 2021, growing at a CAGR of 9.33% during the forecast period 2016-2021.

Lithium, a silver-white soft metal, is the lightest metal in the periodic table. It reacts immediately when it meets air and water. In addition, the metal exhibits properties, such as extremely high coefficient of thermal expansion, viscosity modifier in glass melts, highest electrochemical potential when compared to other metals and catalytic & fluxing characteristics. Hence, the metal has numerous applications in various end-user industries such as into industrial, consumer electronics, electric vehicles, energy storage, and medical.

Lithium is widely distributed on earth; however, it does not occur in the elemental form, owing to its high reactivity. Lithium is a rare metal and is found in continental brines, hard rock minerals and clay in various parts of the world in low concentrations. Currently, high-grade lithium ores and brines are the commercial sources of lithium production. Lithium, owing to its excellent electrochemical potential, catalytic characteristics and light weight, is becoming an integral part of the various commercial and industrial sectors.

The global lithium market has been segmented by type and application. By type, the global lithium market is segmented into metal, compounds (carbonate, chloride, hydroxide, and others) and alloys. By application, the market is segmented into batteries, lubricants, aluminum smelting and alloys, air treatment, glass and ceramics, metallurgy (iron & steel castings), polymers, and other applications.

This market is driven by many factors, such as the accelerating demand for electric vehicles, growing usage & demand from portable consumer electronics, rising demand from glass-making industry and many others. However, the growth of the market is hindered due to factors such as high investment costs, lack of experienced professionals for extraction activities and failure of new lithium start-ups. The following chart gives the global market spilt on the basis of end-user industry.

The report contains production and reserve analysis of some of the major countries (Australia, Chile, China, Argentina, Zimbabwe and others) pertaining to the lithium market. The lithium market has also been geographically segmented by consumption. The regional analysis includes Asia-Pacific, North America, Europe, South America, and Middle-East and Africa. The regions have further been divided into major countries.

The growing adoption of lithium in smart grid electricity, adoption of green tires manufactured from lithium solutions, and other factors are likely to offer numerous opportunities for the growth of the global lithium market. The global lithium market is consolidated and the top four major players account for more than two-thirds share of the global market. Some of the major players in the market include Albemarle Corporation, SQM, FMC Corporation (FMC Lithium), Sichuan Tianqi Lithium Industries Inc., Avalon Advanced Materials Inc., Orocobre Limited, Lithium Americas, Neometals Ltd, and others.


1. Introduction
1.1 Description
1.2 Research Methodology
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.3 Industry Attractiveness - Porter's Five Force Analysis
3.3.1 Bargaining Power of Suppliers
3.3.2 Bargaining Power of Buyers
3.3.3 Threat of New Entrants
3.3.4 Threat of Substitute Products and Services
3.3.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
4.1 Drivers
4.1.1 Accelerating Demand for Electric Vehicles
4.1.2 Growing Usage and Demand from Portable Consumer Electronics (Batteries)
4.1.3 Rising Demand from Glass-making Industry
4.2 Restraints
4.2.1 Demand Supply Gap in Lithium Market
4.2.2 Floundering Lithium Producing Start-ups
4.3 Opportunities
4.3.1 Growing Adoption in Smart Grid Electricity
4.3.2 Aerospace and Defense Sector: Blue Ocean Market
5. Market Segmentation and Analysis
5.1 By Type
5.1.1 Metal
5.1.2 Compounds
5.1.2.1 Carbonate
5.1.2.2 Chloride
5.1.2.3 Hydroxide
5.1.3 Alloys
5.2 By Traditional Application
5.2.1 Batteries
5.2.2 Lubricants
5.2.3 Aluminum Smelting & Alloys
5.2.4 Air Treatment
5.2.5 Medical
5.2.6 Glass and Ceramics
5.2.7 Metallurgy (Iron & Steel Castings)
5.2.8 Polymers
5.2.9 Other Applications
5.3 By End-user Industry
5.3.1 Industrial
5.3.2 Consumer Electronics
5.3.3 Electric Vehicles
5.3.4 Energy Storage (and E-bikes)
5.3.5 Medical
6. Global Market Analysis
6.1 Production and Reserve Analysis
6.1.1 Australia
6.1.2 Chile
6.1.3 China
6.1.4 Argentina
6.1.5 Zimbabwe
6.1.6 Portugal
6.1.7 Brazil
6.1.8 United States
6.2 Consumption Analysis
6.2.1 Asia-Pacific
6.2.1.1 China
6.2.1.2 India
6.2.1.3 Japan
6.2.1.4 South Korea
6.2.1.5 Australia & New Zealand
6.2.1.6 ASEAN Countries
6.2.1.7 Rest of Asia-Pacific
6.2.2 North America
6.2.2.1 United States
6.2.2.2 Canada
6.2.2.3 Mexico
6.2.2.4 Rest of North America
6.2.3 Europe
6.2.3.1 Germany
6.2.3.2 United Kingdom
6.2.3.3 France
6.2.3.4 Russia
6.2.3.5 Nordic Countries
6.2.3.6 Rest of Europe
6.2.4 South America
6.2.4.1 Brazil
6.2.4.2 Argentina
6.2.4.3 Chile
6.2.4.4 Rest of South America
6.2.5 Middle-East and Africa
6.2.5.1 Saudi Arabia
6.2.5.2 South Africa
6.2.5.3 Rest of Middle-East and Africa
7. Future Market Outlook
8. List of Projects
9. Competitive Landscape
9.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
9.2 Market-Share Analysis
9.3 Strategies Adopted by Leading Players
10. Company Profiles
10.1 Albemarle Corporation
10.2 Altura Mining Limited
10.3 Avalon Advanced Materials Inc.
10.4 Critical Elements Corporation
10.5 FMC Corporation (FMC Lithium)
10.6 Galaxy Resources Limited
10.7 Jiangxi Ganfeng Lithium Co. Ltd.
10.8 Lithium Americas
10.9 Nemaska Lithium
10.10 Neometals Ltd.
10.11 Orocobre Limited
10.12 Sayona Mining Limited
10.13 Sichuan Tianqi Lithium Industries, Inc
10.14 SQM (Sociedad Química y Minera de Chile S.A.)
11. Disclaimer

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