Global Lithium Market Set to Grow at 11.12% CAGR to 2019

PUNE, India, September 10, 2015 /PRNewswire/ --

The global lithium market is segmented in this 2015 research based on end use into batteries, for ceramics and glass, lithium market for lubricants, metallurgy, air treatment, polymers and for other sectors.

Complete report on lithium market spread across 93 pages, analyzing 4 major companies and supported with 45 data exhibits is now available at http://www.sandlerresearch.org/global-lithium-market-2015-2019.html .

The global lithium market can be segmented based on type into lithium carbonate, lithium hydroxide, lithium concentrate, lithium metal, butyl-lithium, lithium chloride, and other lithium compounds. Commenting on the report, an analyst said: "The production of electric vehicles and hybrid vehicles is an important trend upcoming in the lithium market. Consumers are opting for green tires made from lithium solutions because they are eco-friendly and durable, provide grip, reduce carbon emissions, and are fuel-efficient."

According to this latest lithium market report, the use of lithium batteries in portable devices is the major contributor to the market growth. The demand for small portable and hand-held electronic devices has led to the proliferation of rechargeable lithium-ion batteries. Further, the report states that the high investment cost for capacity expansion is one of the major challenges for the lithium market. Technical expertise and training of personnel require additional expenses. In addition, expansion and building new production facilities require long-term investment in infrastructure such as transportation, community housing, water, and energy sources.

FMC Corp., Rockwood Lithium GmbH, Sociedad Quimica y Minera de Chile SA (SQM) and Talison Lithium Pty Ltd are the major lithium market companies analyzed in this research. Other prominent players simply mentioned in the report include A123 System, Aben Resources, Advanced Metallurgical Group, ADY Resources, Albemarle, Altura Mining, Amerilithium, Artemis Resources, AusAmerican Mining, Avalon Rare Metals, China MinMetals Non-Ferrous Metals, Critical Elements, Ener1, EnerDel, First Potash, Fujian Huamin Import & Export, GA Yuasa, Galaxy Resources, Glen Eagle Resources, GS Yuasa, Hitachi, International Lithium, Jiangxi Ganfeng Lithium, Keliber, LG Chem, Li3 Energy, Lithium Americas, Lomiko Metals, Marifil Mines, Mitsubishi Chemical, Nemaska Lithium, Nortec Minerals, Orocobre, Panasonic, Perilya, Qinghai Salt Lake Industry, Reward Minerals, Rock Tech Lithium, Rodinia Lithium, Samsung SDI, Sichuan Ni&Co Guorun New Materials, Sichuan Tianqi Lithium Shareholding, Simbol Materials, TDK and Toshiba. Order a copy of Global Lithium Market 2015-2019 research report at http://www.sandlerresearch.org/purchase?rname=34756 .

The report, Global Lithium Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, Europe, and MEA; it also covers the Global Lithium market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. Questions like what will the market size be in 2018 and what will the growth rate be? What are the key market trends? What is driving the lithium market? What are the challenges to market growth? Who are the key vendors in this market space? What are the lithium market opportunities and threats faced by the key vendors? What are the strengths and weaknesses of the key vendors? and others are answered through this report.

Comprehensive table of contents and more on the Global Lithium Market 2015-2019 research report is available at http://www.sandlerresearch.org/toc/global-lithium-market-2015-2019.html .

Another related and regional research titled Li-ion Battery Market in China 2015-2019 forecasts the Li-ion battery market in China to grow at a CAGR of 17% over the period 2014-2019. The Li-ion battery market in China has been segmented based on application (consumer electronics, automotive, industrial and power application) and type (lithium cobalt oxide, Li-ion nickel cobalt manganese, lithium manganese oxide, and lithium iron phosphate). According to the report, growing pollution levels, coupled with decreasing fossil fuel reserves, has prompted China to shift its attention toward the use of EVs. The Chinese government has set a target of manufacturing 500,000 EVs by end of 2015. It has encouraged the adoption of EVs and is providing incentives to meet these targets. It launched several initiatives in 2009-10 under the clean and green energy development initiative and introduced the Ten City, One Thousand Cars plan, which primarily aims at increasing the adoption of EVs in the country. Companies like A123 Systems LLC BYD Co. Ltd., China BAK Battery Co. Ltd., Coslight Technology International Group, LG Chem, Panasonic Corp., Samsung SDI Co. Ltd., Sinopoly Battery Ltd, Sony Corp., Tianjin Lishen Battery Co. Ltd., ATL, Ecsem, KAYO, Minamoto, SCUD, Shenzhen Blazepower Battery (BPB), Shenzhen Jixinglong and Sunwoda are mentioned in this research with its table of contents available at http://www.sandlerresearch.org/toc/li-ion-battery-market-in-china-2015-2019.html .

Explore more reports on lithium and overall chemicals market at http://www.sandlerresearch.org/market-research/chemicals .

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