View Report Details Global Lithium Market – Focus on Lithium-ion Batteries ----------------------------------------2016
View Report Details Executive Summary Lithium is the lightest metal, has strong electrochemical potential and is highly reactive element making it flammable and potentially explosive when exposed to air and water. The metal does not occur in elemental form due its high reactivity and found in lithium containing minerals in hard rock deposits, lithium rich clays and brine flats. Lithium has a number of unique properties including high electrochemical reactivity, a low thermal expansion co-efficient and high specific heat capacity. It is these properties which allow Lithium to be used in a wide range of industrial applications, including ceramics, lubricants and glass, but the largest (and highest growth segment) of the global lithium market is its use in the manufacture of Lithium-ion (Li-ion) batteries. Lithium-ion batteries have become the most important application of lithium and storage technology in the areas of portable and mobile applications (e.g. laptops, cell phones, smartphones, tablets, power tools, medical devices electric bicycles, electric cars) since around 2000. The key factors driving the growth of the lithium demand are Decrease in the lithium-ion battery costs, rise in global electric vehicle market and growing integration of complicated electronics & energy recovery systems. Some of the noteworthy trends and developments of this industry are lithium in the batteries, the technological edge, emerging energy storage market, improvement in the lithium-ion battery, lithium-ion batteries demand to accelerate with high investments and tesla’s entry into the lithium-ion market. However, the expansion of lithium demand is hindered by life span, charging time, specific energy and specific power and safety issues. The report “Global Lithium Market� provides an in-depth analysis of the lithium demand on a global scale discussing its major segments along with the lithium-ion batteries market. The major trends, growth drivers as well as issues being faced by the industry are being presented in this report. The industry comprises few large players such as Albemarle Corporation, SQM, FMC Corporation and Orocobre Limited. All these companies have been profiled in the present report highlighting their key financials and business strategies for growth.
Lithium-ion battery-based electric vehicles are the key driver of demand..
'000 Tons LCE
Global Lithium Demand by Volume (2013-2015) The global lithium demand increased to … tons LCE in 2015 from … tons LCE in 2014, representing a growth of …%. The global lithium demand is projected to reach … tons LCE in 2016 and estimated to increase up to … tons LCE by 2020. As of 2015, lithium batteries accounted for the largest share of … %, followed by electric vehicles, e-bikes and energy storage with share of …%, …% and …% respectively. While reaming …% share attributed to non-batteries which includes glass-ceramics, greases, air treatment, polymer, medical, aluminum and casting powder.
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Global Lithium Demand Forecast by Volume (2016-2020)
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Global Lithium Demand Share by Application (2015)
Increase in prices for high-grade lithium products outpaced the supply..
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Global Lithium Supply by Volume (2013-2015)
The global supply market for lithium products was increased to … tons of lithium carbonate equivalent (LCE) in 2015, as compared to … tons of lithium carbonate equivalent (LCE) in 2014, showing an incline of …%. The global lithium supply is forecasted to increase from … tons LCE in 2016 to … tons LCE by 2020. As of 2015, Chile, Australia, Argentina and China dominated the global lithium supply. Chile accounted for the largest share of … % in the total lithium supply. It was followed by Australia, Argentina and China with …%, …% and …% respectively. 2013
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Global Lithium Supply Forecast by Volume (2016-2020)
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Global Lithium Supply by Region (2015)
Increased usage of different electronic devices and products whose main component is lithium-ion battery to drive the market…
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Global Lithium-ion Batteries Market by Value (2013-2015)
As of 2015, the global lithium-ion battery market was valued at US$... billion, as compared to US$... billion in 2014, depicting a growth of …%. The lithium ion batteries market to rise from US$... billion in 2016 to US$... billion in 2020. As of 2015, Electric vehicles held the largest market it terms of segment, accounted for US$... billion, followed by cell phone and portable PCs with value of US$... billion and US$... billion respectively.
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Global Lithium-ion Batteries Forecasted Market by Value (2016-2020)
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Global Lithium-ion Batteries Market by Segment (2013-2015)
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