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The lithium market size is estimated to grow by 1,066.47 thousand tons at a CAGR of 25% between 2022 and 2027. The growth of the market depends on several factors, including a surge in demand from diversified applications, a rise in demand from developing countries, and an increased demand from industries such as electric vehicles. However, the industry has its own set of challenges such as the rise in availability of substitute products, lack of recharging infrastructure, and toxicity of lithium hydroxide. But to overcome the challenges market trends such as capacity expansions to accelerate market growth, rise in preference for renewable energy, and rise in number of partnerships and R&D activities will boost the market growth.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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