Lithium Market will Record a CAGR of 22.91% from 2021 to 2025|Surge in Demand from Diversified Applications to Improve the Market Growth | Technavio
NEW YORK, Oct. 25, 2021 -- The lithium market size is expected to increase by 550.19 th MT from 2021 to 2025, registering a CAGR of 22.91%, according to the latest research report from Technavio. This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. The lithium market is segmented by application (batteries, ceramics and glass, grease, polymer, and others) and geography (APAC, North America, Europe, and ROW).
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The lithium market report covers insights on major trends, key growth drivers, and challenges impacting the overall growth of the market. The report identifies the surge in demand from diversified applications as one of the major factors driving the growth of the market.
The lithium market covers the following areas:
Lithium Market Sizing
Lithium Market Forecast
Lithium Market Analysis
Some Companies Mentioned
- 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.
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Lithium Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 22.91% |
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Market growth 2021-2025 |
550.19 th MT |
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Market structure |
Fragmented |
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YoY growth (%) |
29.27 |
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Regional analysis |
APAC, North America, Europe, and ROW |
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Performing market contribution |
APAC at 71% |
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Key consumer countries |
China, US, Japan, Germany, and South Korea (Republic of Korea) |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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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. |
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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 forecast period |
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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. |
Key Topics Covered:
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
For more valuable insights, View Our Report Snapshot
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SOURCE Technavio