DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/m9l8v5/lithium_compounds) has announced the addition of the "Lithium Compounds Market - Global Forecasts to 2020" report to their offering.
The global lithium compounds market was valued at USD 2.64 Billion in 2014, and is projected to grow at a CAGR of 13.22% from 2015 to 2020. Increase in use of portable devices that uses li-ion batteries, switch from fuel burning cars to electric vehicles, and increasing focus of consumers & government on environmental concerns are fueling the growth of the market.
Asia-Pacific held the largest share in the global lithium compounds market in 2014 and is expected to continue during the forecast period. Asia-Pacific is also the fastest-growing market during the forecasted period. China dominates the lithium market in Asia-Pacific, the country has a huge demand for lithium which is utilized across various industries such as, batteries, glass, grease and air conditioning equipment.
However, the factors inhibiting the global lithium compounds market are high operational cost & lack of recharging infrastructure facilities. The demand for electric vehicles is increasing and hence there is issue related to availability of suitable chargers and the charging infrastructure that is required to support the growing population of electric vehicles. Also, the time required to recharge a li-ion battery is more compared to fuel burning cars.
Expansions, new product launches, new technology, joint ventures, agreements, and acquisitions are some of the important strategies adopted by the market players to achieve growth in the global lithium compounds market.
- Albemarle Corporation
- China Lithium Products Technology Co., Ltd.
- Fmc Corporation
- Jiangxi Ganfeng Lithium Co.Ltd.
- Shanghai China Lithium Industrial Co.Ltd.
- Sichuan Ni&Co Guorun New Materials Co.Ltd.
- Sichuan Tianqui Lithium Chemicals Inc
- Sociedad Quimica Y Minera De Chile (Sqm)
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 Lithium Compounds Market, By Derivatives
8 Lithium Compounds Market, By End - User
9 Regional Analysis
10 Competitive Landscape
11 Company Profiles
For more information visit http://www.researchandmarkets.com/research/m9l8v5/lithium_compounds