The global lithium market to grow at a CAGR of 8.07% during the period 2017-2021.
The report covers the present scenario and the growth prospects of the global lithium market for 2017-2021. To calculate the market size, the report considers the retail selling price as the average selling price for the product. The report also includes a discussion of the key vendors operating in this market.
According to the report, one of the major drivers for this market is environment-friendly nature of lithium-ion batteries. Reducing carbon emissions and dependence on oil are the major factors that can be attributed to the shift from fuel or gasoline vehicles to EVs. Although EVs equipped with lithium-ion batteries are costlier, they are a one-time investment for the customers.
The automotive industry has become a focal point when considering the impact of automobiles on the environment. The use of lithium-ion batteries in EVs helps in reducing global warming by curbing carbon dioxide emissions from vehicles. The vehicles are cost-effective as they reduce the consumption of gasoline and diesel.
- Sichuan Tianqi Lithium Industries
Other prominent vendors
- Galaxy Resources
- Jiangxi Ganfeng Lithium
Key Topics Covered:
Part 01: Executive summary
Part 02: Scope of the report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market landscape
Part 06: Market segmentation by application
Part 07: Market segmentation by geography
Part 08: Decision Framework
Part 09: Drivers and challenges
Part 10: Market trends
Part 11: Key vendor analysis
Part 12: Appendix
For more information about this report visit http://www.researchandmarkets.com/research/kwsbpq/global_lithium