An excellent and precise market research report serves as a backbone for the business when it comes to thrive in the competition. Lithium Chemical Market report offers a telescopic view of the competitive landscape to the client so that they can plan the strategies accordingly. This Global Lithium Chemical Market research report offers an in-depth overview of product specification, technology, product type and production analysis considering major factors such as revenue, cost, gross and gross margin. The report is presented to the clients with full commitment and best possible service is assured depending upon the requirements.
Global lithium chemicals market is projected to register a healthy CAGR of 35.1% in the forecast period of 2019 to 2026.
Lithium chloride is a solid substance that has an immense capacity to grasp water and thus it become useful for air-conditioning purposes and as an anti-freezing agent. Lithium is hugely reactive because of its electron configuration. It has a single valence electron in the second shell which is easily released to create new compounds and bonds.
Lithium is highly flammable and bursts into crimson colored flames when thrown into the fire. The lithium chemicals are used in wide range of applications. The lithium hydroxide acts as a condenser to produce glasses that are used for industrial applications as lubricants. It is also used in the production of rechargeable batteries especially for electronic gadgets. Increasing demand for lithium chemicals for industrial purposes is helping the Asia-Pacific lithium chemical market to grow in future.
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Major Market Players Covered in the Lithium Chemical Market Are:
Some of the major players operating in this market are Albemarle Corporation, Livent, Galaxy Resources Limited, SQM S.A., Orocobre Limited Pty Ltd, SICHUAN BRIVO LITHIUM MATERIALS CO., LTD., Lithium Americas Corp., Pilbara Minerals, Neometals Ltd, Millennial Lithium, Tianqi Lithium Industry Co., Ltd., Nemaska Lithium, Ganfeng Lithium Co, Ltd., Talison Lithium Pty Ltd, Mody Chemi-Pharma Limited, SOVEMA GROUP S.p.A., Altura Mining, Infinity Lithium Corporation Limited, ProChem, Inc International and Critical Elements Lithium Corporation.
• In August 2019, Lithium Americas Corp. invested USD 160 million in order to continue the construction activities of their subsidiary Minera Exar S.A., a lithium carbonate extraction project based in Argentina. With this move, the company is expected to increase their production capacity of lithium carbonate to 40,000 tonnes per annum
• In March 2019, Nemaska Lithium has expanded their production of battery grade lithium hydroxide, which is a long-term agreement with Johnson Matthey that is involved in the production of battery grade lithium hydroxide. With this expansion, the company will be able to penetrate more into the market
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Global Lithium Chemical Market Scope and Market Size
Global lithium chemicals market is segmented into four notable segments on the basis of type, grade, application and end-user.
• On the basis of type, the market is segmented into lithium carbonate, lithium chloride, lithium hydroxide, lithium fluoride, lithium bromide and others
o In January 2019, Pilbara Minerals have signed an agreement with POSCO, a South Korean based steel manufacturing company, in order to increase the production capacity of POSCO’s lithium capacity. Pilbara is planning to expand their mine so as to supply Lithium concentrate to POSCO. With this move, the company will gain a huge name in the market
• On the basis of grade, the market is segmented into industrial grade, battery grade and others
o In August 2019, Altura Mining announces that they had signed an agreement to supply lithium to Chinese battery maker Guangdong Weihua Corp. According to this the company will supply 50,000 dry metric tonnes of lithium concentrate to Guangdong Weihua Corp. Through this the company will be able to expand its product portfolio in the market
• On the basis of application, the market is segmented into battery, lubricant, aluminium smelting & alloy, air treatment, medical, glass &ceramics, metallurgy, polymer, greases and others
o In August 2019, SQM S.A. has started committing to meet the challenge of electromobility sustainable center around carbon, water and energy footprints. It will help the company to meet the growing demand of lithium ion batteries in the market
• On the basis of end-user, the market is segmented into industrial, electronics and electricals, transportation, medical, power plants and others
o In January 2019, Millennial Lithium has extracted lithium carbonate from their Pastos Grandes project, which is located in Argentina. As per the process test conducted by SGS Canada Inc., the brine produced from Pastos Grandes project yielded more than 99.5% lithium carbonate. The obtained product can be used in various grades of batteries. With this, the company will be able to generate huge revenue by selling their lithium carbonate products
• Middle East and Africa
• North America
• South America
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Strategic Points Covered in Table of Content of Global Lithium Chemical Market:
2. Market Segmentation
3. Market Overview
4. Executive Summary
5. Premium Insights
6. By Component
7. Product Type
9. Industry Type
11. Company Landscape
12. Company Profiles
13. Related Reports
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