Global Lithium Metal Market: By Applications (Li-Ion Batteries, Medical, Polymers and Others); By Geography (North America, Europe, Asia-pacific and Rest of the world) - Forecasts till 2020
Lithium is the third and lightest of all the elements in the periodic table and is a soft, silvery-white alkali metal. Lithium does not occur as a pure element in nature, it is enclosed within stable minerals in a range of hard rock types or in solution in brine bodies within salt lakes. In sea water or geothermal brines. 20 parts per million of lithium is found in Earth’s crust and 0.17 parts per million is contained by oceans.
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.
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.
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.
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.
Table of Contents
1.1. Analyst Insights
1.2. Market Definitions
1.3. Market Segmentation & Aspects Covered
2. Research Methodology
2.1. Arriving at Global Lithium Metal Market
2.2. Market Size Estimation
2.3. Top Down Approach
2.4. Bottom Up Approach
2.5. Demand (Consumption) Side Analysis
3. Executive Summary
4. Market Overview
4.2. Lithium Metal Market- Comparison With Parent Market
4.3. Market Drivers & Inhibitors
4.4. Key Market Dynamics
4.5. Demand Side Analysis
5. Global Lithium Metal Market, By Application
5.2. Global Lithium Metal, By Application
5.3. Li-Ion Batteries
6. Global Lithium Metal Market Reserves, By Geography
6.2. North America
6.3.3. South Korea
6.3.4. Rest of Asia-Pacific
7. Global Lithium Metal Competitive Landscape
7.2. Competitive Landscape
7.3. Company Presence in Global Lithium Metal Market
7.4. Mergers and Acquisitions
7.5. Venture Capital Funding
8. Company Profile
8.1. Sociedad Quimica Y Minera De Chile (SQM)
8.2. FMC Corp.
8.3. Albemarle Corp
8.4. Sichuan Tianqui
8.5. Talison Lithium Ltd.
8.6. Galaxy Resources
8.7. Lithium Americas Corp.
8.8. Orocobre Ltd.
8.9. Canada Lithium Corp.
8.10. Orocobre Ltd
8.11. Rodinia Lithium Inc
8.12. Western Lithium USA Corp.
8.13. Gleneagle Resources Inc.
8.14. Critical Elements Corporation
8.15. Altura Mining Limited
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The global lithium is composed of sustained growth in the years ahead. Polymers held largest market share followed by medical 2015 and 2020. The overall Butyl-lithium consumption will likely post 6.32% YoY growth in terms of volume and in terms of value the market will increase with a CAGR of 13.89%. Chile and Australia are the largest producers of lithium followed by China, Argentina, Zimbabwe and U.S.A among others.
Lithium mineral ore is subjected to separation processes for upgrading the lithium content and removing waste materials. Different separation processes produce concentrates with differential content of lithium. These can be used in chemical-grade and technical-grade applications. Chemical-grade lithium concentrates are most widely used in lithium batteries. Apart from their use in lithium batteries, chemical-grade lithium concentrates have other applications. It is used in lubricants as a thickener in grease. In aluminum smelting, it is used for reducing power usage and increasing electrical conductivity.