Market Research Future (MRFR) has published a detailed study report giving out the market forecast for the period 2017 – 2023. In its analysis, MRFR asserts that the global Lithium Derivatives market is expected to reach up to USD 2,074.2 million by 2023 growing at 5.80% CAGR during review period of 2017-2023.
Lithium Derivatives Global Market – Competitive Analysis
The global Lithium Derivatives market appears to be highly competitive and diversified with the presence of many well-established players having regional and global presence. Innovation, Product Launch, M&A activities along with the brand reinforcement remain the key trends for leading players in the smart camera market.
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Industry/ Innovation/ Related News:
March 9, 2018 – Albemarle Corporation (US), a leading global producer of leader in the production of lithium and its derivatives, announced receiving of approval from CORFO (Chile’s Economic Development Agency) for increasing the company’s lithium quota consequently increasing its lithium production in Chile. According to the approval, Albemarle can increase its lithium production as much as 145,000 metric tons annually through 2043.
Worldwide Lithium Derivatives Market – Segments
Global Lithium Derivatives Market is segmented in to 3 Key dynamics for an easy grasp and enhanced understanding;
By Derivative Types: Comprises – Lithium Carbonate, Lithium Concentrate, Lithium Hydroxide, Lithium Metal, Lithium Chloride, Butyl Lithium, and others.
By Applications: Lubricants, Batteries, Medicals, Glass & Ceramic, Metallurgic, Alloys, Polymers and Aluminium Smelting and others.
By Regions: North America, Europe, APAC and Rest of the World.
Worldwide Lithium Derivatives Market – Regional Analysis
Asia Pacific accounted for the largest market for Lithium Derivatives which in 2016, occupied 53% of the global market shares. China, among other APAC countries, being the largest producer for the lithium-ion batteries for the electric vehicle. Other factors adding up to the china market growth include; economic growth, availability of low-cost man power, presence of several small scale lithium derivative producers coupled with the presence of huge automotive manufacturing base.
On the other hand, North America is another lucrative market for lithium derivatives, owing to the presence of major markets players in US & Canada.
Europe market for lithium derivatives growing steadily, is likely to perceiver relatively a faster growth in the next 7 years attributing to the greater adoption of electric vehicles.
Albemarle Corporation (U.S.), FMC Corporation (US), SQM (Chile), Jiangxi Ganfeng Lithium Co.Ltd. (China), Sichuan Tianqi Lithium Industries Inc. (China) and General Lithium are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the Global Lithium Derivatives Market.
List of Table:
TABLE 1 GLOBAL LITHIUM DERIVATIVES MARKET, BY TYPE 2015-2023 (USD MILLION) 31
TABLE 2 GLOBAL LITHIUM DERIVATIVES MARKET, BY TYPE 2015-2023 (THOUSAND TONS) 32
TABLE 3 GLOBAL LITHIUM CARBONATE MARKET FOR LITHUM DERIVATIVES, BY REGION 2015-2023 (USD MILLION) 32
TABLE 4 GLOBAL LITHIUM CARBONATE MARKET FOR LITHUM DERIVATIVE, BY REGION 2015-2023 (THOUSAND TONS) 33
TABLE 5 GLOBAL LITHIUM HYDROXIDE MARKET FOR LITHUM DERIVATIVES, BY REGION 2015-2023 (USD MILLION) 33
TABLE 6 GLOBAL LITHIUM HYDROXIDE MARKET FOR LITHUM DERIVATIVE, BY REGION 2015-2023 (THOUSAND TONS) 34
TABLE 7 GLOBAL LITHIUM CONCENTRATED MARKET FOR LITHUM DERIVATIVES, BY REGION 2015-2023 (USD MILLION) 34
TABLE 8 GLOBAL LITHIUM CONCENTRATED MARKET FOR LITHUM DERIVATIVES, BY REGION 2015-2023 (THOUSAND TONS) 35
TABLE 9 GLOBAL LITHIUM METAL MARKET FOR LITHUM DERIVATIVES, BY REGION 2015-2023 (USD MILLION) 35
TABLE 10 GLOBAL LITHIUM METAL MARKET FOR LITHUM DERIVATIVES, BY REGION 2015-2023 (THOUSAND TONS) 36
TABLE 11 GLOBAL BUTYL LITHIUM MARKET FOR LITHUM DERIVATIVES, BY REGION 2015-2023 (USD MILLION) 36
List of Figure:
FIGURE 1 GLOBAL LITHIUM DERIVATIVES MARKET OUTLOOK (2015-2023) 12
FIGURE 2 MRFR RESEARCH PROCESS 16
FIGURE 3 TOP DOWN & BOTTOM DOWN APPROACH 18
FIGURE 4 GROWTH DRIVER IMPACT ANALYSIS 20
FIGURE 5 RESTRAINTS IMPACT ANALYSIS 22
FIGURE 6 OPPORTUNITIES IMPACT ANALYSIS 23
FIGURE 7 TRENDS IMPACT ANALYSIS 24
FIGURE 8 GLOBAL LITHIUM DERIVATIVES MARKET, BY TYPE 2015-2023 (USD MILLION) 30
FIGURE 9 GLOBAL LITHIUM DERIVATIVES MARKET, BY TYPE 2015-2023 (THOUSAND TONS) 31
FIGURE 10 GLOBAL LITHIUM DERIVATIVE MARKET, BY APPLICATION 2015-2023 (USD MILLION) 40
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