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Lithium Compounds Market Size, Share Global Analysis Report, 2020–2026
Lithium Compounds Market By Derivatives (Lithium Carbonate, Lithium Chloride, Lithium Hydroxide, Butyl Lithium, Lithium Concentrate, and Lithium Metal) and By End Use (Li-Ion Batteries, Lubricants, Medical, and Glass & Ceramics): Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends, and Forecast 2020–2026
Industry Insights
[185+ Pages Report] According to the report published by Facts Factors, the global lithium compounds market size was worth around USD 3.00 billion in 2019 and is predicted to grow to around USD 11.00 billion by 2026 with a compound annual growth rate (CAGR) of roughly 20% between 2020 and 2026. The report analyzes the global lithium compounds market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the lithium compounds market.
This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Lithium Compounds industry. The report analyzes and declares the historical and current trends analysis of the Lithium Compounds industry and subsequently recommends the projected trends anticipated to be observed in the Lithium Compounds market during the upcoming years.
The Lithium Compounds market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Lithium Compounds market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Kilo Tons) and value (USD Million) from FY 2016 – 2026.
Key Insights from Primary Research
- The Asia Pacific is expected to hold the largest market share of the lithium compounds market in terms of revenue, in 2019.
- The “lithium carbonate” category, on the basis of derivatives segmentation, contributing to the highest revenue-generating category.
- According to end-use based segmentation the “Li-Ion batteries” category, was the leading revenue-generating category in 2019.
- It was recognized through primary research that the Lithium Compounds market was valued at around USD 3 Billion in 2019.
- According to our primary respondents, the Lithium Compounds market is set to grow annually at a rate of around 20%.
Key Recommendations from Analysts
- The rise in demand for electric vehicles and electronic battery-powered gadgets is estimated to propel the lithium compounds market in the forecasted period.
- The extraction of lithium increases its operational cost which ultimately increases the product cost.
- The Asia Pacific is estimated to lead the market in the forecast period. The growing demand for energy storage applications and vehicles and augmented demand for consumer gadgets is estimated to create a sustainable demand for lithium compounds in the forecasted period.
- The prominent countries such as India and China are estimated to shift to the electrical vehicle till 2030 which is expected to fuel the lithium compound industry growth in Asia followed by North America and Europe.
- The lithium carbonate market is projected to contribute to leading market share, owing to its wide applications such as the processing of metal oxides, production of glass and ceramics, production of aluminum, lithium-ion batteries, and pharmaceuticals.
The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Lithium Compounds industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.
Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Lithium Compounds industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Lithium Compounds market.
The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Lithium Compounds industry. The Lithium Compounds market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.
The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Lithium Compounds sector. Key strategic developments in the Lithium Compounds market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Lithium Compounds market are appropriately highlighted in the report.
The Lithium Compounds market research report delivers an acute valuation and taxonomy of the Lithium Compounds industry by practically splitting the market on the basis of different types, applications, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.
Report Scope
Report Attribute |
Details |
Market Size in 2019 |
USD 3.00 Billion |
Projected Market Size in 2026 |
USD 11.00 Billion |
CAGR Growth Rate |
20% CAGR |
Base Year |
2019 |
Forecast Years |
2020-2026 |
Key Market Players |
Sociedad Quimica y Minera de Chile S.A., Millennial Lithium Corporation, Livent Corporation, Neo Lithium Corporation, Albemarle Corporation, Nemaska Lithium Inc., Shandong Ruifu Lithium Industry Company Limited, Tianqi Lithium Industries Inc., Orocobre Limited, Ganfeng Lithium Company Limited, Galaxy Resources Limited, China Lithium Products Technology Company Limited, Lithium Americas, Sichuan Ni&Co Guorun New Materials Company Limited, Bacanora Lithium, and Shanghai China Lithium Industrial Company Limited. |
Key Segment |
By Derivative, End Use, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The regional segmentation of the Lithium Compounds industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the Lithium Compounds industry is provided for the leading economies of the world.
The Lithium Compounds market is segmented based on derivatives and End-Use. On the basis of Derivatives segmentation, the market is classified into Lithium Carbonate, Lithium Hydroxide, Lithium Concentrate, Lithium Metal, Butyl Lithium, and Lithium Chloride. In terms of End Use segmentation, the market is bifurcated into Li-Ion Batteries, Glass & Ceramics, Medical, and Lubricants.
Some of the essential players operating in the Lithium Compounds market, but not restricted to include
- Sociedad Quimica y Minera de Chile S.A.
- Millennial Lithium Corporation
- Livent Corporation
- Neo Lithium Corporation
- Albemarle Corporation
- Nemaska Lithium Inc.
- Shandong Ruifu Lithium Industry Company Limited
- Tianqi Lithium Industries Inc.
- Orocobre Limited
- Ganfeng Lithium Company Limited
- Galaxy Resources Limited
- China Lithium Products Technology Company Limited
- Lithium Americas
- Sichuan Ni&Co Guorun New Materials Company Limited
- Bacanora Lithium
- Shanghai China Lithium Industrial Company Limited.
The taxonomy of the Lithium Compounds industry by its scope and segmentation is as follows:
By Derivative Segmentation Analysis
- Lithium Carbonate
- Lithium Chloride
- Lithium Hydroxide
- Butyl Lithium
- Lithium Concentrate
- Lithium Metal
By End-Use Segmentation Analysis
- Li-Ion Batteries
- Lubricants
- Medical
- Glass & Ceramics
By Regional Segmentation Analysis
- North America
- The U.S.
- Canada
- Europe
- Germany
- The UK
- France
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC
- South Africa
- Rest of Middle East & Africa
Table of Content
Industry Major Market Players
- Sociedad Quimica y Minera de Chile S.A.
- Millennial Lithium Corporation
- Livent Corporation
- Neo Lithium Corporation
- Albemarle Corporation
- Nemaska Lithium Inc.
- Shandong Ruifu Lithium Industry Company Limited
- Tianqi Lithium Industries Inc.
- Orocobre Limited
- Ganfeng Lithium Company Limited
- Galaxy Resources Limited
- China Lithium Products Technology Company Limited
- Lithium Americas
- Sichuan Ni&Co Guorun New Materials Company Limited
- Bacanora Lithium
- Shanghai China Lithium Industrial Company Limited.
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