DUBLIN--(BUSINESS WIRE)--The "Global Lithium Market - Segmented by Type, Application, End-user Industry, and Geography - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global lithium market is expected to register a CAGR of 9.33% during the forecast period, 2018 to 2023.
Lithium-ion batteries comprise of a family of battery chemistries, which combine a variety of anode and cathode combinations, to offer distinctive performance, cost, and other parameters. The growing adoption of electric vehicles (EVs) is driven by the rising concerns for the environment, as these vehicles help reduce carbon emission levels. Governments across the globe are implementing stringent emission norms, to control and reduce carbon emissions. Lithium is used in high-energy density rechargeable lithium-ion batteries, employed to power the batteries in full-electric, plug-in hybrid, and hybrid vehicles. Due to developments in EV technology, concerns over growing CO2 pollution, and increasing fuel costs from combustion engines, lithium has been put into extensive use in EV batteries.
China constitutes of around 26% of the global lithium reserves, estimated at a value of 26.52 Mt in 2015. China accounts for 10% of the global lithium production capacity accounting for 18 kt, in 2015. Abundant availability of resources such as brine, spodumene, and other lithium deposits, accounting for around 11% of the global resources has 30.03 Mt LCE. The Mt. Marion project and the Mt. Cattlin project are both located in Western Australia, and have design capacity of 27ktpa and 13ktpa, respectively.
- Albemarle Corporation
- Altura Mining Limited
- Avalon Advanced Materials Inc.
- Critical Elements Corporation
- Galaxy Resources Limited
- Jiangxi Ganfeng Lithium Co. Ltd
- Lithium Americas
- Nemaska Lithium
- Neometals Ltd
- Novo Ltio Ltd
- Orocobre Limited
- Sayona Mining Limited
- Sichuan Tianqi Lithium Industries Inc.
Key Topics Covered:
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
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