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Global Lithium Compounds Market to reach USD 15 billion by 2028.

Global Lithium Compounds Market Size study, byEnd Use(Li-ion Batteries, Glass & Ceramics, Medical, Lubricants, Metallurgy,Polymers,Others) by derivatives( Lithium Carbonate, Lithium Hydroxide, Lithium Concentrate, Lithium Metal, Butyl Lithium, Lithium Chloride & Others) and Regional Forecasts 2022-2028

Product Code: CMGMM-40756836
Publish Date: 9-05-2022
Page: 200

Global Lithium Compounds Market is valued approximately USD 6.8 billion in 2021 and is anticipated to grow with a healthy growth rate of more than12% over the forecast period 2022-2028. Lithium is a silver-white alkali metal collected mostly from ores and mineral springs. It is a mixture of the corrosive isotopes Li6 and Li7, which burn with a white flame. It has the lowest density of any metal and may be converted into organic and inorganic compounds such as oxide, nitride, carbide, hydride, and hydroxide. These compounds are widely used in a wide range of industrial applications, including the production of ceramics, nuclear materials, glass, medicines, and batteries.Rising demand for lithium compounds used in the manufacture of ceramics and glass to boost the strength of ceramics, as well as the growing demand for energy-saving gadgets, are driving expansion.Furthermore, a rapid increase in technological advancements for the production of high-efficiency batteries is producing a positive market outlook. Other factors driving market growth include the increasing usage of lithium compounds in the healthcare industry and major investments in infrastructure development. In 2019, Due to the growing popularity of electric vehicles, BMW Group announced an arrangement with Ganfeng Lithium, a Chinese lithium extraction business, to supply LiOH for battery cells. As public awareness of the need for environmentally friendly automobiles grows, BMW plans to introduce 25 electrified models with lithium-ion batteries., However, the high costs of compounds, as well as their substitution by various equivalents, are likely to stifle market expansion.

The key regions considered for the global Lithium Compounds Marketstudy includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America hold the dominance in the market due to growing industrial sector in the region. Asia Pacific held the highest proportion of the global lithium compounds market. Rising demand for novel energy storage applications in automobiles, grid-connected energy storage, and increased consumer gadget demand are projected to alter market dynamics. Massive economic expansion and thriving electronics and electric car sectors in Asia Pacific countries such as China, Japan, South Korea, Thailand, and Taiwan are to blame for the region’s high growth rate. China is currently the Asia Pacific region’s largest market for lithium compounds. In terms of value and volume, the market in this region is also expected to grow at the fastest rate during the forecast period.
Major market player included in this report are:
Albemarle Corporation
Sociedad Quimica Y Minera De Chile S.A. (SQM)
Livent Corporation
Tianqi Lithium Industries Inc.
Ganfeng Lithium Co. Ltd.
China Lithium Products Technology Co. Ltd.
Sichuan Ni&CoGuorun New Materials Co. Ltd.
Shanghai China Lithium Industrial Co. Ltd.
Nemaska Lithium Inc.
Bacanora Lithium
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
ByEnd Use:
Li-ion Batteries
Glass & Ceramics
Medical
Lubricants
Metallurgy
Polymers
Others

By Derivatives:
Lithium Carbonate
Lithium Hydroxide
Lithium Concentrate
Lithium Metal
Butyl Lithium
Lithium Chloride & Others

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028

Target Audience of the Global Animal HealthMarket in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2028 (USD Billion)
1.2.1. Lithium Compounds Market, by Region, 2020-2028 (USD Billion)
1.2.2. Lithium Compounds Market, by End Use,2020-2028 (USD Billion)
1.2.3. Lithium Compounds Market, by Derivatives ,2020-2028 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Lithium Compounds Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Lithium Compounds Market Dynamics
3.1. Lithium Compounds Market Impact Analysis (2020-2028)
3.1.1. Market Drivers
3.1.1.1. Growth of the market for portable electronic devices that use li-ion batteries
3.1.1.2. Switch from traditional fuel cars to electric vehicles
3.1.2. market Challenges
3.1.2.1. Lack of recharging infrastructure
3.1.3. market Opportunities
3.1.3.1. Developing energy storage within the power sector
Chapter 4. Global Lithium Compounds MarketIndustry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2028)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
4.5. Top investment opportunity
4.6. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Lithium Compounds Market, by End Use
6.1. Market Snapshot
6.2. Global Lithium Compounds Market by End Use, Performance – Potential Analysis
6.3. Global Lithium Compounds Market Estimates & Forecasts by End Use2018-2028 (USD Billion)
6.4. Lithium Compounds Market, Sub Segment Analysis
6.4.1. Li-ion Batteries
6.4.2. Glass & Ceramics
6.4.3. Medical
6.4.4. Lubricants
6.4.5. Metallurgy
6.4.6. Polymers
6.4.7. Others
Chapter 7. Global Lithium Compounds Market, by Derivatives
7.1. Market Snapshot
7.2. Global Lithium Compounds Market by Derivatives , Performance – Potential Analysis
7.3. Global Lithium Compounds Market Estimates & Forecasts by Derivatives 2018-2028 (USD Billion)
7.4. Lithium Compounds Market, Sub Segment Analysis
7.4.1. Lithium Carbonate
7.4.2. Lithium Hydroxide
7.4.3. Lithium Concentrate
7.4.4. Lithium Metal
7.4.5. Butyl Lithium
7.4.6. Lithium Chloride & Others

Chapter 8. Global Lithium Compounds Market, Regional Analysis
8.1. Lithium Compounds Market, Regional Market Snapshot
8.2. North America Lithium Compounds Market
8.2.1. U.S. Lithium Compounds Market
8.2.1.1. End Use breakdown estimates & forecasts, 2018-2028
8.2.1.2. Derivatives breakdown estimates & forecasts, 2018-2028
8.2.2. CanadaLithium Compounds Market
8.3. Europe Lithium Compounds Market Snapshot
8.3.1. U.K. Lithium Compounds Market
8.3.2. Germany Lithium Compounds Market
8.3.3. France Lithium Compounds Market
8.3.4. Spain Lithium Compounds Market
8.3.5. Italy Lithium Compounds Market
8.3.6. Rest of EuropeLithium Compounds Market
8.4. Asia-PacificLithium Compounds Market Snapshot
8.4.1. China Lithium Compounds Market
8.4.2. India Lithium Compounds Market
8.4.3. JapanLithium Compounds Market
8.4.4. Australia Lithium Compounds Market
8.4.5. South Korea Lithium Compounds Market
8.4.6. Rest of Asia PacificLithium Compounds Market
8.5. Latin America Lithium Compounds Market Snapshot
8.5.1. Brazil Lithium Compounds Market
8.5.2. Mexico Lithium Compounds Market
8.6. Rest of The World Lithium Compounds Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Albemarle Corporation
9.2.1.1. Key Information
9.2.1.2. Overview
9.2.1.3. Financial (Subject to Data Availability)
9.2.1.4. Derivatives Summary
9.2.1.5. Recent Developments
9.2.2. Sociedad Quimica Y Minera De Chile S.A. (SQM)
9.2.3. Livent Corporation
9.2.4. Tianqi Lithium Industries Inc.
9.2.5. Ganfeng Lithium Co. Ltd.
9.2.6. China Lithium Products Technology Co. Ltd.
9.2.7. Sichuan Ni&CoGuorun New Materials Co. Ltd.
9.2.8. Shanghai China Lithium Industrial Co. Ltd.
9.2.9. Nemaska Lithium Inc.
9.2.10. Bacanora Lithium
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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