Albany, New York, February 12, 2019: Though American production from mineral deposits reigned the lithium chemical market until the 1990s, the turn of 21st century witnessed most of the lithium production from Australia, Chile and the Portugal.
The prime industrial applications for lithium in metallurgy is profound where the active element is used as a remover of impurities in the refining of metals such as iron, copper, zinc and nickel and their alloys. In addition, the commercial application of n-butyl lithium in the production of synthetic rubber and in the production of organic chemicals, specifically pharmaceuticals is anticipated to propel the growth of lithium market. These introductory excerpts are in line with the report titled, “Lithium Market—Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018-2026,” which has been latterly added to the ever-expanding repository of Market Research Reports Search Engine (MRRSE).
The use of lithium batteries has soared over the years on account of high energy density and low weight. Growing sales of electric vehicles such as plug-in hybrid electric vehicles, hybrid electric vehicles and pure battery electric vehicles are projected to propel the lithium market. In addition, escalating application of lithium in laptops, mobile phones and high-tech devices are expected to further fuel the demand of lithium.
There has been surge in the use of lithium in the treatment of mental disorders such as cyclic depression and schizophrenia. Besides, use of lithium batteries for drug pumps, cardiac defibrillators and cardiac pacemakers are likely to bolster the growth of lithium market.
There are some factors likely to act as impediment in the growth of lithium market. Reckless disposal of lithium batteries is prone to reaching the food chain, which will inevitably harm the human body. Besides, movement of lithium by different modes of transportation has to go through various safety tests and regulations on transportation of lithium changes according to countries.
Lithium Market: Report Content
The report provides a coherent analysis on the lithium market through quantitative and qualitative assessment. The report further includes the dynamics of the market incorporating drivers, trends, opportunities and restraints which have significant influence in the growth of lithium market. The report segregates the lithium market to provide holistic view on the basis of product, application and region.
The report starts with preface followed by executive summary and market overview section. The market overview section delineates product overview, market indicators and key market developments. The report also embodies market dynamics section which elucidates Porters’ Five Force Analysis including threat of substitutes, bargaining power of buyers and suppliers, threat of new entrants and degree of competition.
The final section of the report interprets the competitive landscape of the lithium market with a competition matrix and heat mapping. The last section sheds light on company description, business overview, strategies, financial overview, and key developments. Some of the companies explained in the report are Albermarle Corporation, Tianqi Lithium Corporation, SQM and FMC Corporation.
Lithium Market: Research Methodology
Report on the lithium market is the result of a robust research methodology including exhaustive secondary and primary sources. Primary sources have assisted in providing true and unbiased insights on the video on demand market, on the other hand, comprehensive assessments gained from secondary sources have been verified using those assessments from primary interviews. The report also includes market attractiveness analysis on the basis of segments to provide a holistic view of the lithium market.
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