Although lithium is widely distributed on earth, it does not occur in elemental form, owing to its high reactivity. Lithium is a rare metal and is found in continental brines, hard rock minerals, and clays in various parts of the world, but in very low concentrations. Presently, high-grade lithium ores and brines are the commercial sources of lithium production.
Lithium, owing to its excellent electrochemical potential, catalytic characteristics, and light weight, is becoming an integral part of the various commercial and industrial sectors. In the global lithium market report, the following major applications were taken into consideration: batteries, air treatment, frits, medical, metallurgy, ceramics, glass-ceramics, polymers, nuclear, lubricating greases, aluminium smelting, and others. The batteries segment accounted for XX.XX% share of the global lithium market in 2016.
Market Dynamics of the Global Lithium Market:
Accelerating demand for lithium-ion batteries from the electrical vehicles segment
Growing usage and demand for portable consumer electronics (batteries)
Rising demand from the glass-making industry
High investment costs
Failure of new lithium start-up industries
The market has also been geographically segmented on the basis of consumption (APAC, North America, South America, Europe, and MEA) and also on the basis of reserves & production (Australia, China, Chile, Argentina, Zimbabwe, Brazil, Portugal, and the Unites States). In terms of consumption in 2015, China led the market with a share of XX.XX%. China has the second highest reserves of lithium in the world and combined with the restrictive lithium export policies enacted by the government; the consumption is consistently increasing in the country. Additionally, with the growing environmental concerns, the consumers are shifting towards the electric vehicles, which in turn increases the demand for lithium-ion batteries that are used to power electric vehicles, consequently increasing the consumption of lithium. Furthermore, with the consistent economic development, the financial status of the middle-class consumers has increased, as a result, their demand for portable electronic products such as laptops and smartphones has increased, in turn increasing the consumption of lithium in the country.
Furthermore, the shifting focus towards usage in aerospace and defense sector and adoption of green tires manufactured from lithium solutions will offer numerous opportunities for the growth of the global lithium market. Some of the major companies dominating this market are:
Market analysis for the global lithium market, with region specific assessments and competition analysis on a global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenarios, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the global lithium market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
1.2 Research Methodology
2. Executive Summary
3. Lithium Market
3.1 Market Overview and Definition
3.2 Industry Value Chain
3.3 Industry Attractiveness - Porter's 5 Force Model
4. Market Dynamics
4.1 Price Analysis
4.2.1 Accelerating Demand for Electric Vehicles
4.2.2 Growing Usage and Demand from Portable Consumer Electronics (Batteries)
4.2.3 Rising Demand from Glass-making Industry
4.2.4 Accelerating Demand from Asia-Pacific Region
4.3.1 High Investment Cost Associated
4.3.2 Lack of Experienced Professionals for Extraction Activities
4.3.3 Failure of New Lithium Start-ups
4.4.1 Growing Adoption in Smart Grid Electricity
4.4.2 Aerospace and Defense Sector: Blue Ocean Market
4.4.3 Adoption of Green Tires Manufactured from Lithium Solutions
5. Market Segmentation and Analysis
5.1 By Product
5.2 By Applications
5.2.2 Air Treatment
5.2.9 Lubricating Greases
5.2.11 Aluminium Smelting
6. Global Market Analysis
6.1 Production and Reserve Analysis
6.1.8 United States
6.2 Consumption Analysis
220.127.116.11 South Korea
18.104.22.168 Rest of Asia-Pacific
6.2.2 North America
22.214.171.124 United States
126.96.36.199 Rest of North America
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
6.2.4 South America
220.127.116.11 Rest of South America
6.2.5 Middle-East and Africa
18.104.22.168 Saudi Arabia
22.214.171.124 South Africa
126.96.36.199 Rest of Middle-East and Africa
7. Future Market Outlook
8. List of Projects
9. Company Profiles
9.1 Albermarle Corp.
9.2 Altura Mining
9.3 Avalon Rare Metals
9.4 Canada Lithium
9.5 Critical Elements
9.6 FMC Lithium
9.7 Galaxy Resources
9.8 Ganfeng Lithium
9.9 Glen Eagle Resources
9.10 Nemaska Lithium
9.12 Reed Resources
9.13 Sociedad Quimica y Minera
9.15 Western Lithium
List is not exhaustive