Lithium Market Demand to Hit 50,500 Metric Tons by 2019 - China Lithium Battery Equipment Market Size to Reach RMB16.6 Billion in 2018

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Sep 30, 2015, 08:30 ET

PUNE, India, September 30, 2015 /PRNewswire/ --

Market research reports titled World Lithium to 2019 (spread across 308 pages) and Global and China Lithium Battery Equipment Industry Report, 2015-2018 (spread across 92 pages) are now available in the library of RnRMarketResearch.com

Complete report on world lithium market of 308 pages, profiling over 20 companies and supported with 90 tables and 10 charts is now available at http://www.rnrmarketresearch.com/world-lithium-to-2019-market-report.html .

Within the global lithium market, torrid advances in the rechargeable battery market will underpin increases, driven by rapidly expanding use of Li-Ion batteries in hybrid and electric vehicles, energy storage systems, and high-drain portable electronics. Heightened production of primary lithium batteries will also contribute to overall market gains, as improving incomes in emerging economies stimulate purchases of better performing batteries. Other major markets for lithium -- including glass and ceramics, lubricating grease, and metallurgy -- are forecast to post relatively moderate annual gains through 2019. The lubricating grease segment will boast the best performance of these markets, spurred by the production of lithium-based greases for use in industrial and transportation equipment. Demand for lithium market will also increase at a strong pace in the smaller aluminum alloy market, where lithium is utilized to reduce weight and improve the strength of alloys.

China dominates the world lithium market, accounting for over one-third of global demand in 2014. The country's massive output of goods manufactured with lithium -- including batteries, glass, grease, air conditioning equipment, and synthetic rubber -- stimulates intensive lithium consumption. China is expected to register the strongest yearly increases in lithium market demand of any major market through 2019, boosted by nearly threefold expansion in the local rechargeable battery segment. Other major suppliers of Li-Ion batteries, including South Korea and Japan, are also projected to register robust increases in lithium demand through 2019. Strong market gains in India will be driven by ongoing expansion in the country's manufacturing sector, including in the ceramics, glass, machinery, and metal casting industries. Among other regions, North America is projected to exhibit the most rapid gains in lithium market, buoyed by strong growth in the production of Li-Ion batteries in the US, led by Tesla Motors' planned "gigafactory"). Li-Ion battery production is also forecast to expand in Europe, especially in Germany, spurring further lithium market consumption.

Brines (largely in Chile, Argentina, China, and the US) accounted for just over half of total lithium production in 2014. Australia produced nearly all of the world's supply of lithium minerals, with China, Zimbabwe, and Brazil extracting smaller volumes. As lithium demand rises due to rapid growth in Li-Ion battery demand worldwide, potential profits from lithium extraction will increasingly outweigh costs associated with the development of new projects. Exploitation of new resources in countries such as Argentina, Australia, and Canada, combined with innovative technologies to more efficiently extract lithium from brines and clays, should help prevent a long term crimp on supply. This research profiles over 20 global lithium market players such as FMC, Rockwood Lithium (Albemarle) & SQM. Order a copy of World Lithium to 2019 market research report at http://www.rnrmarketresearch.com/contacts/purchase?rname=419588 .

The second research titled Global and China Lithium Battery Equipment Industry Report, 2015-2018 says traditional consumer electronics, power lithium batteries and grid energy storage act as major consumer markets of lithium battery equipment in China, accounting for 60%, 28% and 10% in 2014 respectively. Among them, power lithium batteries and grid energy storage will be major drivers prompting China's demand for lithium battery equipment, with the respective anticipated market share of 64% and 16% in 2018.

At present, China's lithium battery equipment market is featured with a low concentration rate. Japan HIRANO and Kaido are the top two lithium battery equipment producers in China, enjoying 9.0% and 7.8% market share in 2014 respectively; meanwhile, the leading local Chinese players -- Shenzhen New Katop Automation Technology Co., Ltd, Wuxi Lead Auto Equipment and Yinghe Technology only seized 18.7% market share together in 2014.

In 2015, Chinese lithium battery equipment manufacturing enterprises witness rapid development. Wuxi Lead Auto Equipment, Yinghe Technology and other major Chinese peers have fortified their expansion and lifted market share. Major players of China like Yinghe Technology Co., Ltd., Wuxi Lead Auto Equipment Co., Ltd. (300450), Beijing Sevenstar Electronics Co., Ltd. (002371), Shenzhen Geesun Automation Technology Co., Ltd., Shenzhen New Katop Automation Technology Co.,Ltd, Dongguan Jigtech Precision Machinery Co.,Ltd , Dongguan Tec-rich Engineering, Shenzhen Haoneng Technology Co., Ltd., Dongguan Career Motor Equipment Co., Ltd., HYNN Technologies Co., Ltd., Shenzhen Xinyuren Technology Co., Ltd., Guangzhou CLG Electric Equipment Co., Ltd. , Areconn Precision Machinery Co., Ltd. and Dongguan Honbro Lithium Battery Science & Technology Co., Ltd. are profiled in this Global and China Lithium Battery Equipment Industry Report, 2015-2018 available at http://www.rnrmarketresearch.com/global-and-china-lithium-battery-equipment-industry-report-2015-2018-market-report.html .

Explore more reports on chemicals market as well as machines and equipments industry at http://www.rnrmarketresearch.com/reports/manufacturing-construction/machines-equipment .

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