Lithium Market Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026

Increase in production of electric vehicles is considered one of the key factors driving the global lithium market. Major automobile manufacturers are engaged in the production of electric vehicles such as hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and pure battery electric vehicles (BEVs). Li-ion batteries are light in weight. Extensive research efforts and investments have given rise to advanced battery technologies that are suitable for use in electric vehicles all over the world. Air treatment is another key application, wherein lithium is highly employed. Lithium is used for removal of carbon dioxide, especially in space crafts and submarines. Also, it is widely used for the dehumidification purpose.

Application of lithium in medical and pharmaceutical industries is on the rise. Lithium is widely used in the treatment of mental disorders such as schizophrenia and cyclic depression. Lithium is used as a synthetic agent in the manufacture of drugs. Alkyl lithium is used as a synthetic agent for the manufacture of organic intermediates that can be used for drugs and agricultural chemicals. Primary lithium batteries are employed in cardiac pacemakers, drug pumps, neurostimulators, etc., while secondary lithium batteries are used in applications such as artificial hearts and implantable hearing assist devices.

A large number of raw material suppliers operate in the market. Companies engaged in the mining of lithium can integrate forward to manufacture lithium batteries for various applications such as electric vehicles, greases and lubricants, and air treatment.

The report analyzes and forecasts the market for lithium at the global and regional levels. The market has been projected in terms of volume (tons) and revenue (US$ Mn) for the period from 2018 to 2026. The study includes drivers and restraints of the global lithium market. It also covers the anticipated impact of these drivers and restraints on the demand for lithium during the forecast period. The report also highlights opportunities for growth of the lithium market at the global and regional levels.

The report comprises detailed value chain analysis, which provides a comprehensive view of the global lithium market. Porter’s five forces model for the lithium market has also been included to help understand the competition landscape of the market. The study encompasses market attractiveness analysis, wherein product and application segments have been benchmarked based on their market size, growth rate, and general attractiveness.

The study provides a decisive view of the global lithium market by segmenting it in terms of product, application, and region. These segments have been analyzed based on the present and future trends. Regional segmentation includes the current and forecast demand for lithium in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also covers individual product and application segments of the lithium market in every region.

The study includes profiles of major companies operating in the global lithium market. Key players profiled in the report include SQM, Albermarle Corporation, FMC Corporation, and Tianqi Lithium Corporation. These players account for a major share of the total production of lithium. Moreover, they are forward integrated. Brand promotion and launch of new products are likely to raise sales of lithium in the next few years. Market leaders look for different measures such as strategic pricing and product improvement in order to increase their profit margin.

The report provides the estimated market size of the global lithium market for 2018 and forecast for the next nine years. The size of the global lithium market has been provided in terms of revenue. Market numbers have been estimated for product, application, and regional segments. Market size and forecast for each segment have been provided for the global as well as regional markets.

Global Lithium Market, by Product
Lithium Carbonate
Lithium Hydroxide
Lithium Chloride
Others

Global Lithium Market, by Application
Energy Storage
E-vehicles
E-bikes
Consumer Electronics
Grid Storage
Air Treatment
Greases & Lubricants
Glasses & Ceramics
Others

Global Lithium Market, by Region
orth America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Spain
Norway
Russia & CIS
Rest of Europe
Asia Pacific
China
Japan
India
ASEAN
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
South Africa
GCC
Rest of Middle East & Africa

Key Takeaways

The report provides extensive analysis of market trends from 2018 to 2026 in order to identify growth opportunities and market developments
It provides comparative analysis of various applications wherein lithium is used
It offers analysis of the lithium production process as well as value chain analysis
It identifies key factors useful to build a roadmap for upcoming growth opportunities for the lithium market at the global, regional, and country levels
The report provides a detailed competition landscape of key players operating in the market in order to help understand the competition level
The report provides information on the supply–demand scenario and production of lithium in every region
It also provide insights on lithium reserves, by key countries
It provides a list of potential customers of lithium along with their contact details
The report provides detailed pricing analysis based on product and application segments
The report offers Porter’s five forces analysis that highlights the power of buyers and suppliers

Leaders in analytics, research and advisory services for Fortune 500 companies, scores of high potential startups, and financial institutions. Our success stories have proven why we are a prominent provider of a cutting-edge syndicated and customized research services. Leverage the best of our seasoned research analysts who had a keen interest and enviable expertise of almost 4 million hours in global, regional, and local market intelligence.