Lithium Market Research: Market Share, Growth, and Trends Market Analysis
Lithium Market Outlook
The size of the global lithium market will increase USD 34.6 billion between 2017-2022, accelerating at a CAGR of nearly 13% during the forecast period. This growth in market size will be attributed to the surge in demand from diversified applications such as glass and ceramics, lubricants, and power grid storage. 53% of this total market growth during the forecast period will come from the Asia-Pacific region, owing to the increasing use of lithium-ion batteries within the consumer electronics industry across emerging economies including China and India.
Additionally, our lithium market research identifies that the increasing adoption of lithium-ion batteries across various consumer electronic products will accelerate lithium market growth. Lithium-ion batteries can store a significant amount of power and can be supplied to the grid when it is required. Our lithium industry outlook also predicts one of the key trends in the market will be the low emission of carbon. Usage of lithium-ion batteries in electric vehicles helps reduce global warming by reducing carbon dioxide emissions from vehicles.
Several emerging trends are expected to gain traction and positively impact the global lithium market during the forecast period. These top trends include a rise in preference for renewable energy, the discovery of potential reserves, and an increase in R&D activities. These R&D investments will come from countries like the US, Chile, Australia, China, Germany, the UK, and Canada. Other insights provided within Technavio’s lithium market reports include:
Lithium Market Insights
- The environmental benefits of lithium-ion batteries and its growing usage in grid-connected storage, consumer electronics, and telecommunication devices will drive the lithium market growth.
- Increasing demand for EVs (electric vehicle) which run on lithium batteries is also a directly impacting the positive growth of the lithium market.
- Many countries are encouraging the adoption of lithium battery technologies such as Li-ion and next-generation batteries over lead-acid batteries to curb lead poisoning and as a renewable power generation source.
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Lithium Market Share and Segmentation
Within our lithium industry research, we provide deep insights into the lithium market landscape and its segments. Our lithium market segmentation research offerings include:
- Lithium Metal Market
- Lithium Compound Market
- Lithium Alloy Market
In addition, to help our clients better understand this changing market landscape, our lithium industry analysis provides detailed insights into several applications for the lithium market.
- Lithium-Ion Battery Market
- Lithium-cobalt battery market
- Lithium-iron phosphate battery market
- Lithium-nickel cobalt manganese battery market
- Lithium-manganese oxide battery market
- Lithium-titanate battery market
- Lithium Nickel Cobalt Aluminum Oxide market
- Lithium Lubricant Market
- Lithium Aluminum Smelting & Alloy Market
- Lithium Air Treatment Market
- Lithium Medical Market
- Lithium Glass and Ceramics Market
- Lithium Metallurgy (Iron & Steel Castings) Market
- Lithium Polymer Market
- Lithium Grease Market
Further, our lithium industry report portfolio provides an in-depth analysis of the several applications of the global lithium-ion battery market.
- Consumer Electronics Market
- Mobile Phones Market
- Laptop Market
- Tablets Market
- Automotive Market
- Hybrid Electric Vehicle Market
- Plug-in Hybrid Electric Vehicle Market
- Electrical Vehicle Market
- E-Bus Market
- E-bikes Market
- ESS (Energy Storage System) Market
We at Technavio, with our comprehensive understanding of the lithium market, have been monitoring the latest industry trends and developments to create an in-depth portfolio of lithium industry reports. These reports help our clients identify opportunities within the market and develop effective strategies to optimize their market positions. Our lithium market research reports offer the following insights:
- Lithium market size
- Lithium market share
- Lithium market trends
- Lithium market forecast
- Lithium market growth
- Lithium market vendor landscape
- Lithium industry statistics
