Lithium Market Analysis.docx
                      
Title : 
 
Global Lithium Industry research will experience a noticeable growth during the forecast period 
2027 
Lithium Industry research | Size, Industry Share, Growth, Outlook, Forecast, & Industry  
 
Description : 
Global Lithium Market: Information by Product Type (Lithium Hydroxide, Lithium Carbonate, 
Lithium Chloride, Butyllithium, Lithium Metal and others), Application (Energy Storage, Greases, 
Frits, Glasses and Ceramics, Air Treatment, Adhesives and others) and Region (North America, 
Europe, Latin America, Asia-Pacific and Middle East & Africa) - Forecast till 2027 
 
Keywords : 
Lithium Industry research, Lithium Market Size, Lithium Market Share, Lithium Market Regional 
Analysis, Lithium Market Research report, Lithium Market Trend, Lithium Market Opportunities, 
Lithium Market Forecast 
 
Lithium Industry Analysis 
The global lithium market has been segmented based on product type and application. By product 
type, the global market has been divided into lithium hydroxide, lithium carbonate, lithium chloride, 
butyllithium, lithium metal, and others. Lithium carbonate with its application in battery materials, 
glass, frits, aluminum, cc powder, and construction adhesives, held a major share of over 30% of the 
market, in 2018, and is expected to follow the same trend during the forecast period.  
Lithium carbonate and its inorganic derivatives such as lithium bromide, lithium fluoride, and lithium 
nitrate are majorly used in the manufacturing of lithium batteries and production of 
pharmaceuticals. The increase in the demand for electric vehicles coupled with stringent 
government norms regarding carbon emission in the automotive industry is expected to boost the 
market growth during the forecast period.  
Additionally, lithium hydroxide (LiOH), in 2018 accounted for the second-largest share due to its 
varied properties such as high resistance to a wide range of temperature and water. These 
properties of LiOH have increased its application in general purpose grease, ceramics, and Portland 
cement. LiOH also finds application in gas purification system; it helps to remove carbon dioxide and 
produce lithium carbonate and water. Some of the major applications of lithium hydroxide as gas 
purifier are in submarines, rebreathers, and space-shuttles. 
 
Top Key Players 
Some of the key players operating in the Lithium Industry research are Albemarle Corporation (US), 
SQM S.A. (Chile), Livent (US), Altura Mining (Australia), Orocobre Limited Pty Ltd (Australia), Jiangxi 
Ganfeng Lithium Co. Ltd (China), Tianqi Lithium Industries Inc. (China), Critical Elements Corporation 
(Canada), Lithium Americas Corp. (Canada), and Sayona Mining Limited (Australia). 
 
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Regional Analysis 
 
The Lithium Industry research report has been studied across five key regions, namely Asia-Pacific, 
North America, Latin America, Europe, and the Middle East & Africa. Based on market value share, 
Europe is estimated to hold over 30% of the global lithium market share and is expected to continue 
the dominance throughout the forecast period owing to the growth in manufacturing of electric 
vehicles. Also, major countries in Europe such as Norway, Sweden, Belgium, and Iceland together are 
expected to account over one-third share of the regional market.  
Asia-Pacific is expected to exhibit the highest CAGR during the forecast period, due to the growing 
demand for battery-powered vehicles across China and South-East Asian countries. For instance, the 
Chinese government has strategized to adopt 20% of electric vehicles by 2020. 
 Additionally, Tianqi Lithium Corporation and Albemarle Corporation have collaborated to increase 
the production of lithium from the Greenbushes spodumene mine of Australia.  
In North America, the increase in demand for lithium in pharmaceuticals and agricultural chemicals 
is expected to boost the demand for lithium in the region. The application of fermentation chemicals 
in adhesives and greases processes coupled to its application in the construction sector is expected 
to propel the demand for lithium in the Middle East & Africa during the forecast period. 
 
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