Lithium Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Sep 2021
  • Pages: 120
  • SKU: IRTNTR45931
Technavio

Purchase this report now and if we publish a new version within 90 days, we will send you a free copy.

Safe and Secure SSL Encrypted
  • 2500.00
  • USD

The lithium market has the potential to grow by 550.19 thousand MT during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 22.91%.

This lithium market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentations by application (batteries, ceramics and glass, grease, polymer, and others) and geography (APAC, North America, Europe, and ROW). The lithium market report also offers information on several market vendors, including Albemarle Corp., Avalon Advanced Materials Inc., Ganfeng Lithium Co. Ltd., Lithium Americas Corp., Livent Corp., Nemaska Lithium Inc., Orocobre Ltd., Pilbara Minerals Ltd., Shanghai Oujin Lithium Industrial Co. Ltd., and Tianqi Lithium Corp. among others.

What will the Lithium Market Size be in 2021?

Browse TOC and LoE with selected illustrations and example pages of Lithium Market

 Get Your FREE Sample Now!

Lithium Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The surge in demand from diversified applications is notably driving the lithium market growth, although factors such as rise in the availability of substitute products may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the lithium industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

  • The surge in demand from diversified applications is identified as a key factor contributing to the growth of the lithium market. 
  • The surge in demand for lithium from applications such as glass and ceramics, lubricants, and power grid storage is expected to drive market growth.
  • The high energy-to-weight ratios, slow loss of charge, lightweight, and lack of memory effect of lithium-ion batteries allow their use for electronics applications such as mobile phones, PCs, power banks, digital cameras, and notebook PCs.
  • The increase in R&D activities is one of the major trends being witnessed in the lithium market. 
  • The increase in innovations and product developments of lithium is expected to drive market growth during the forecast period.
  • The increase in investments from countries such as the US, Chile, Australia, China, Germany, the UK, and Canada are expected to drive the growth of the global market.

This lithium market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Lithium Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Albemarle Corp.
  • Avalon Advanced Materials Inc.
  • Ganfeng Lithium Co. Ltd.
  • Lithium Americas Corp.
  • Livent Corp.
  • Nemaska Lithium Inc.
  • Orocobre Ltd.
  • Pilbara Minerals Ltd.
  • Shanghai Oujin Lithium Industrial Co. Ltd.
  • Tianqi Lithium Corp.

 

This statistical study of the lithium market encompasses successful business strategies deployed by the key vendors. The lithium market is fragmented and the vendors are deploying growth strategies such as M&A, partnerships, and effective product launches to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The lithium market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Lithium Market?

For more insights on the market share of various regions Request for a FREE sample now!

71% of the market’s growth will originate from APAC during the forecast period. China, Japan, and South Korea (Republic of Korea) are the key markets for lithium in APAC. However, the market growth rate in this region will be slower than the growth of the market in Europe.

The increased demand for lithium from the automobile, construction, and industrial sectors and the rise in demand for EVs from countries such as China, Japan, India, and Indonesia will facilitate the lithium market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Lithium Market?

To gain further insights on the market contribution of various segments Request for a FREE sample

The lithium market share growth by the batteries segment will be significant during the forecast period. Owing to the increasing adoption of lithium-ion batteries across several industries, the demand for lithium from this application segment will increase considerably in the forthcoming years.

This report provides an accurate prediction of the contribution of all the segments to the growth of the lithium market size and actionable market insights on post COVID-19 impact on each segment.

 

Lithium Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 22.91%

Market growth 2021-2025

550.19 thousand MT

Market structure

Fragmented

YoY growth (%)

29.27

Regional analysis

APAC, North America, Europe, and ROW

Performing market contribution

APAC at 71%

Key consumer countries

China, US, Japan, Germany, and South Korea (Republic of Korea)

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

Albemarle Corp., Avalon Advanced Materials Inc., Ganfeng Lithium Co. Ltd., Lithium Americas Corp., Livent Corp., Nemaska Lithium Inc., Orocobre Ltd., Pilbara Minerals Ltd., Shanghai Oujin Lithium Industrial Co. Ltd., and Tianqi Lithium Corp.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Request for a FREE sample

What are the Key Factors Covered in this Lithium Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive lithium market growth during the next five years
  • Precise estimation of the lithium market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the lithium industry across APAC, North America, Europe, and ROW
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of lithium market vendors

We can help! Our analysts can customize this report to meet your requirements. Get in touch

Read More Read Less

Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Batteries - Market size and forecast 2020-2025
    • Ceramics and glass - Market size and forecast 2020-2025
    • Grease - Market size and forecast 2020-2025
    • Polymer - Market size and forecast 2020-2025
    • Others - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • ROW - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Albemarle Corp.
      • Avalon Advanced Materials Inc.
      • Ganfeng Lithium Co. Ltd.
      • Lithium Americas Corp.
      • Livent Corp.
      • Nemaska Lithium Inc.
      • Orocobre Ltd.
      • Pilbara Minerals Ltd.
      • Shanghai Oujin Lithium Industrial Co. Ltd.
      • Tianqi Lithium Corp.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
      Interested in this report?
      Get your FREE sample now!
      The lithium market growth will increase by $55.66 thousand MT during 2019-2024.
      The lithium market is expected to grow at a CAGR of 11.35% during 2019-2024.
      Technavio has segmented the lithium market by application (Batteries, Ceramics and glass, Grease, Polymer, and Others) and geographic (APAC, North America, Europe, South America, and MEA).
      Albemarle Corp., Altura Mining Ltd., Avalon Advanced Materials Inc., Galaxy Resources Ltd., Ganfeng Lithium Co. Ltd., Lithium Americas Corp., Livent Corp., Nemaska Lithium Inc., Shanghai China Lithium Industrial Co. Ltd., Tianqi Lithium Corp. are a few of the key vendors in the lithium market.
      APAC will register the highest growth rate of 52.14% among the other regions. Therefore, the lithium market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      • China
      • US
      • Japan
      • Germany
      • South Korea (Republic of Korea)
      The key factors driving the lithium market growth are:
      • Surge in demand from diversified applications
      • Capacity expansions to accelerate market growth
      The lithium market vendors should focus on grabbing business opportunities from the batteries segment as it accounted for the largest market share in the base year.
      Safe and Secure SSL Encrypted
      Technavio

      Single User:

      2500 USD

      Technavio Get the report (PDF) sent to your email within minutes.

      Subscribe & Save

      Get lifetime access to our
      Technavio Insights

      Want to customize this report?

      This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time.

      We offer $1000 worth of FREE customization at the time of purchase
      Technavio
      Enquire Before Buying
      1. Home
      2. Materials
      3. Published Report
      17,000 reports available | Plans starting from just 5,000 USD | Get FREE trial>>