Market Research Future adds new report of “Global Lithium Derivatives Market Research Report- Forecast till 2023” it contains Company information, geographical data and Table of Content
Lithium (CAS NO. 7439-93-2) is a silvery-white soft metal, and is the lightest metal in the periodic table. It is highly reactive when exposed to air and water and possess properties such as high coefficient of thermal expansion, viscosity glass modifier in glass melts, higher electrochemical potential as compared to other catalytic metal and fluxing characteristics. Major lithium derivatives are lithium carbonate, lithium hydroxide, lithium concentrate, lithium metal, butyl lithium, lithium chloride, and others. Among all, lithium hydroxide is the widely used and fastest growing derivative over past few years.
Lithium derivatives found its diverse application in batteries, lubricants, medicals, metallurgic, glass & ceramic, aluminum smelting & alloys, polymers, and others. Growth in global lithium derivatives market is primarily credible to Chinese market contribution in the overall market growth. Wherein, increasing demand for electronic vehicles from China is the prime factor in global growth. Moreover, factors including rising demand for electronic vehicles, growing usage of portable consumer electronics, and increasing demand of glass making industry have positive impact on global lithium derivatives market. In addition, growing demand-supply gap in electricity sectors has led to increase in demand for lithium, and hence ultimately driving demand for lithium derivatives. On the other hand, global growth of lithium derivatives is hampered by high investment cost and dearth of experienced professionals for extraction activities along with failure of new lithium start-ups. Nevertheless, lithium derivatives market is likely to provide various growth opportunities in the years to come on account of exponential growth of electronic vehicle market in china.
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The global lithium derivatives market is majorly segmented on the basis derivative types, end use applications and by regions.
- Based on Derivative Types global market has been segmented into lithium carbonate, lithium hydroxide, lithium concentrate, lithium metal, butyl lithium, lithium chloride, and others. In which lithium hydroxide is the fastest growing derivative and cover maximum market shares.
- Based on End User Application includes batteries, lubricants, medicals, metallurgic, glass & ceramic, aluminum smelting & alloys, polymers
- Based on End User, global market has been segmented into North America, APAC, Europe, Latin America, and Middle East & Africa
Study Objectives of magnesium oxide Market:
- To provide detailed analysis of the market structure along with forecast for the next years of the various segments and sub-segments of the global lithium derivatives market
- To understand the supply and demand dynamics including supply and consumption concentration mapping
- To provide region level market analysis and future outlook for North America, Europe, Asia, and Rest of the World (ROW) and their countries
- To provide competitor positioning of the market
- To provide company profiling of major players in the market along with their production and capacity
- To provide regional trade analysis
- To evaluate historical market trends, patents and technologies, and current government regulatory requirements that is relevant to the market.
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Key players of the global benzoic acid are
- FMC Corporation (US)
- Albemarle Corporation (U.S.)
- Nemaska Lithium (Canada)
- Avalon Rare Metals (Canada)
- Sichuan Tianqui Lithium Chemicals Inc. (China)
- Jiangxi Ganfeng Lithium Co. Ltd. (China)
- China Lithium Products Technology Co. Ltd. (China)
- Sichuan Ni&Co Guorun New Materials Co. Ltd. (China)
- Shanghai China Lithium Industrial Co. Ltd. (China)
- Neometals Ltd (Australia)
- Lithium Derivatives manufacturers
- Traders and distributors of Lithium Derivatives
- Production Process industries
- Potential investors
- Raw material suppliers
- Nationalized laboratory
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Asia Pacific is the key consumer of the global lithium derivatives market and accounted for the largest market shares of more than 50% as of 2016. The region also anticipated to retain its dominance by being most lucrative market for lithium derivatives throughout the forecast period. Furthermore, growth in this region is highly attributed to China, which has generated massive demand for lithium thereby consolidating demand for its derivatives. Apart from availability of cheap labor and mass production, there is vast availability of lithium battery manufacturers in this region which have contributed to this market significantly. Following APAC, North America is the second largest market for lithium derivatives including major markets U.S. and Mexico. Europe stands third in the global market including key markets such as Germany, Spain, UK, Italy and France. Increasing end use application for lithium derivatives in both of the regions has contributed significantly in the regional growth. Middle East & Africa and Latin America regions anticipated to show progressive demand for lithium derivatives due to demand for electronic vehicle demand in the forthcoming years.
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