Lithium Compounds Market Report, By Derivative (Lithium Carbonates, Lithium Hydroxide, Lithium Concentrates, Lithium Metal, Lithium Chloride, Butyl Lithium), By End User (Glass & Ceramics, Li-Ion Batteries, Medical, Lubricants, Metallurgy, Polymers) and Geography - Global Market Share, Trend Analysis & Forecast

Lithium is a silvery white alkali soft metal which is present in plants, animals and soil extracted from mineral spring and ores. It is a corrosive metal and burns in white flame.  It is found in numerous organic and inorganic compounds including nitride, carbide, hydride, oxide and hydroxide. These compounds are used in wide range of products including ceramics, heat resistant glass, high strength low weight alloys principally utilized in aircraft manufacturing.

Lithium Compounds Market Trends 

• Positive indicators towards application of lithium in medical industry to treat depressive  and bipolar disorders where antidepressants are ineffective will promote industry growth 
• Rising demand for electric vehicle owing to supportive government policies for emission control supported by incentive provided by the government for low to zero emission vehicles is likely to have positive impact on product demand.  Lithium batteries offers lightweight and compact design and might replace nickel or lead batteries, thus propelling product demand in electric vehicles
• However, high operational cost along with lack of recharging infrastructure and environmental impacts of lithium extraction may restrict industry growth

Lithium Compounds Market COVID-19 Impact

Lithium displays antiviral activity at preclinical level along with its pleitropic mechanism of action can provide a possible treatment for COVID 19 disease as antiviral agent. High investments in research activities for development of potential treatment for COVID 19 are likely to escalate industry growth. However, China being an origin of COVID 19 pandemic has led to disruption in lithium supply due to temporary closure of lithium production facility in China. As China is a major supplier of lithium, COVID 19 will adversely affect its supply and distribution.

The report provides market estimation & forecast for global lithium compounds market considering economic conditions during COVID 19 pandemic. Study impact of COVID 19 on market value with holistic approach considering both supply and demand side of the market. Macro and Micro economic factors analysis pertaining to economic policies, GDP and international trade changed due to COVID 19. After COVID 19 scenarios with coping strategies adopted by the major market players

Lithium Compounds Market Regional Highlights

The global market is studied for the key regions such as, North America, Europe, Asia Pacific and Rest of the World. North America comprises of U.S., Canada and Mexico. Whereas, Europe covers UK, France, Germany, Italy, Spain and Rest of Europe. The key countries included under Asia Pacific are China, India, Japan and Rest of Asia Pacific. The Rest of the world includes Latin America and Middle East & Africa. 

Asia Pacific led by India, Japan, South Korea and China lithium compounds market share may witness robust gains in 2019. Asia Pacific dominated market and is projected to continue its dominance over the forecast timeframe.  High economies of scale in China which account for over half of the global lithium production will surge regional product demand. Rising demand for electric vehicles mainly in China owing to supportive government policies for adoption of electric vehicles will have positive impact on industry growth.

Lithium Compounds Market Segmental Overview

• The report analyses the global Lithium Compounds market based on derivative,  end user and geography
• Various derivative studied are segmented into lithium carbonates, lithium hydroxide, lithium concentrates, lithium metal, lithium chloride, butyl lithium
• Furthermore, the major end users considered in the study are glass & ceramics, li-ion batteries, medical, lubricants, metallurgy, polymers.  Growing demand for lithium in laptops, power bank, smartphones and wearable devices owing to ease of recharging, high energy density and long run cycle will stimulate industry growth.

Lithium Compounds Market Competitor Analysis

The key players in the Lithium Compounds market share are Albemarle Corporation, Livent Corporation, Sociedad Quimica Y Minera De Chile S.A. (SQM), Tianqi Lithium Industries Inc., Ganfeng Lithium Co. Ltd, China Lithium Products Technology Co. Ltd., Nemaska Lithium Inc., Bacanora Lithium, Galaxy Resources Limited, Lithium Americas, Orocobre Limited, NEO Lithium Corporation, Millennial Lithium Corporation, Pilbara Minerals Limited, Covalent Lithium, LSC Lithium Corporation, Piedmont Lithium Limited.