The Report “Global Lithium Carbonate Market By Applications (Li-Ion Batteries, Glass & Ceramics, Medical, Lubricants, Metallurgy, Polymers and Others); By Geography (North America, Europe, Asia-pacific and Rest of the world) - Forecasts till 2020”, at a CAGR of 14.97% from 2015 to 2020.
Browse through the TOC of the Global Lithium Carbonate Market for an analysis of industry trends and segments, with the help of various tables and figures.
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Lithium carbonate is lithium salt of carbonate used widely in processing of metal oxides. Due to its low melting fluxes with silica and other materials it is an essential industrial chemical.
Lithium carbonate is the first lithium compound that is extracted from the brines. It is the first compound in the production chain and is building block for other lithium derivatives.
Lithium carbonate is used in various applications such as glass & ceramics, aluminum production, pharmaceuticals, and li-ion batteries.
Lithium carbonate can be used for both battery grade and technical grade. It is primarily used in li-ion batteries due to improved specific capacity and power density. The advanced technology using lithium-sulfur and lithium-air technologies are used successfully to run portable devices and electric vehicles. The lithium ion and lithium polymer batteries are becoming most important source of power technology. Lithium is used to reduce the melting point of silica used in ovenware glass. In ceramics it is used to give color & shine. Lithium carbonate is also used in adhesives & cements to decrease the setting time.
The global lithium is composed of sustained growth in the years ahead. Lithium batteries held a market share of 36.50% followed by Glass and Ceramics with a market share of 25.25% between 2015 and 2020 in terms of volume, the overall lithium carbonate consumption will likely post 9.06% YoY growth in terms of volume and in terms of value the market will increase with a CAGR of 14.97%. Chile and Australia are the largest producers of lithium followed by China, Argentina, Zimbabwe and U.S.A among others.
In terms of geography the market is segmented into Asia-Pacific, North America, Europe and Rest of the world (RoW). The Asia-Pacific region is the fastest growing region in the Global Lithium carbonate market.
New product launch, Joint venture and expansions are the key growth strategies adopted by the key players in the market. Manufacturing companies and end-product manufacturers infuse high investments for future advancements and technology modifications to match the ever growing demand coming from end-user industries.
An in-depth market share analysis, in terms of revenue, of the top companies is also included in the report. These numbers are arrived at based on key facts, annual financial information from SEC filings, annual reports, and interviews with industry experts, key opinion leaders such as CEOs, directors, and marketing executives. A detailed market share analysis of the major players in Global Lithium Carbonate market has been covered in this report. Some of the major companies in this market are SQM (Chile), FMC Corp (U.S.), Albemarle Corp (U.S.), Sichuan Tianqui (Australia), Talison Lithium Ltd. (Australia), Galaxy Resources (Australia), and others.
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