Lithium Metal Market is Composed for Sustained Growth: In Li-Ion Batteries, Medical, Polymers

Press Release   •   Feb 25, 2016 13:27 IST

Lithium metal has many modern day industrial uses. The most prominent and fastest growing application is Li-Ion Battery used in electric cars and combo cars. The other application includes Medical, Metallurgy, Polymers and Others. The end-use application of the Lithium metal includes cell phones, include continuous casting, air treatment, polymers, pharmaceuticals, smartphones, tablets, electric cars, scooter, electric bikes, buses, forklifts, laptop computers, power tools, and many other mobile consumer devices. The emerging application of Lithium includes grid energy storage, solar and nuclear energy generation, and other industrial uses.

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The global lithium production is composed for sustained growth in the years ahead. Polymers followed by li-ion batteries application are expected to be the largest contributor to the future growth in the global lithium market through 2020. Between 2015 and 2020, the overall lithium consumption will likely post 11.93% YoY growth in terms of volume. Chile and Australia are the largest producers of lithium followed by China, Argentina, Zimbabwe and U.S.A among others.

An in-depth market share analysis, in terms of revenue, of the top companies is also included in the report. These numbers are arrived at based on key facts, annual financial information from SEC filings, annual reports, and interviews with industry experts, key opinion leaders such as CEOs, directors, and marketing executives. A detailed market share analysis of the major players in Global Lithium Metal market has been covered in this report.

Some of the major companies in this market are -

  • SQM (Chile), 
  • FMC Corp (U.S Canada Lithium Corp (Canada), 
  • Albemarle Corp (U.S.), 
  • Sichuan Tianqui (Australia), 
  • Talison Lithium Ltd. (Australia), 
  • Galaxy Resources (Australia), and others.

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The properties of Lithium metals like extremely high co-efficient of thermal expansions, fluxing and catalytic characteristics, acts as viscosity modifier in glass metals, highest electrochemical potential of all chemicals etc. makes it the most preferred element for application like batteries, lubricating grease, air conditioning, metallurgy, medical, aluminum, polymers and others.

This report aims to estimate the global Lithium Metal Market for 2015 and to project the expected demand of the same by 2020. This market research study provides a detailed qualitative and quantitative analysis of the global Lithium Metal market. It provides a comprehensive review of major drivers and restraints of the market. The global Lithium Metal market is also segmented into major application, sources and geographies.

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