Market Overview:
The global lithium derivatives market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for lithium-ion batteries across the globe. Lithium carbonate, lithium hydroxide, and lithium concentrate are the major types of derivatives that are used in various applications such as batteries, lubricants, medicals, metallurgic, glass and ceramic, aluminum smelting and alloys, polymers etc. Asia Pacific is expected to be the fastest growing region during the forecast period owing to rising demand for electric vehicles in countries such as China and Japan.
Product Definition:
Lithium derivatives are a group of chemicals that are based on the element lithium. They are used in a variety of applications, including batteries, drugs, and metal alloys. Lithium derivatives have a range of properties that make them useful in these applications, including high reactivity, low weight, and low toxicity.
Lithium Carbonate:
Lithium carbonate, also known as lithium oxide or lixiviant, is a chemical compound of carbon and oxygen with the formula 2LiCO3. It is a highly crystalline solid that occurs in nature as frankdicksonite. The pure form of lithium carbonate has an odor similar to garlic when ground; it decomposes on exposure to water and air.
Lithium Hydroxide:
Lithium hydroxide is a chemical compound, which is used in the manufacturing of various lithium derivatives. It has a white crystalline appearance and is soluble in water, ethanol, and ether. The product can also be formed with other chemicals such as ammonia, carbon dioxide and sulfuric acid.
Application Insights:
The batteries segment dominated the global lithium derivatives market in 2017 and is expected to witness significant growth over the forecast period. The increasing demand for electric vehicles, coupled with rising technological advancements in smartphones and laptops, is anticipated to drive the demand for batteries over the forecast period. Lithium metal has high reactivity which makes it suitable only for primary cells which do not have a battery compartment door. Primary lithium-ion batteries use Li-ion chemistry while secondary use NiMH or any of its hybrid variants such as nickel-metal hydride or nickel cadmium depending on their size and application requirements.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region has a high demand for lithium-based products due to growing industrialization, rising disposable income of consumers and increasing automotive sales. China is one of the largest producers as well as consumers of lithium-ion batteries globally owing to easy availability of raw materials, low labor cost, and high consumer demand.
Europe accounted for a significant share in terms of volume as well as revenue in 2017 owing to presence of prominent battery manufacturers such as Exide, Johnson Controls, Odyssey Battery Holdings PLC., LG Chem Ltd., Samsung SDI Co., Ltd.; however; it is expected witness sluggish growth rate over the forecast period.
Growth Factors:
- Increasing demand for electric vehicles: The global lithium derivatives market is expected to grow at a CAGR of more than 9% from 2017 to 2025, owing to the increasing demand for electric vehicles (EVs). EVs are powered by rechargeable batteries, which use lithium-ion cells as their power source. This is driving the growth of the lithium derivatives market.
- Growing popularity of energy storage systems: Another key factor driving the growth of the global lithium derivatives market is the growing popularity of energy storage systems (ESSs). ESSs are used to store electrical energy generated from renewable sources such as solar and wind power. They help reduce peak load demands on electricity grids and improve grid stability. Lithium-ion batteries are increasingly being used in ESSs due to their high efficiency and long life cycle.
- Rising demand for consumer electronics: Consumer electronics such as smartphones, laptops, tablets, and digital cameras account for a significant share of global battery consumption .The use of lithium-ion batteries in these devices is growing rapidly due to their high capacity , low weight ,and long life cycle .This is fuelingthe growthof thee ldquo;lithium ion battery rdquo;marketand consequentlythegloballithi umderivativesmarket .
Scope Of The Report
Report Attributes
Report Details
Report Title
Lithium Derivatives Market Research Report
By Type
Lithium Carbonate, Lithium Hydroxide, Lithium Concentrate, Lithium Metal, Butyl Lithium, Lithium Chloride
By Application
Batteries, Lubricants, Medicals, Metallurgic, Glass and Ceramic, Aluminum Smelting and Alloys, Polymers
By Companies
Albemarle Corporation, SQM, FMC Corporation, Sichuan Tianqi Lithium Industries Inc., General Lithium (Haimen) Corporation, Jiangxi Ganfeng Lithium Co Ltd , ZHONGHE CO., LTD , ...
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
241
Number of Tables & Figures
169
Customization Available
Yes, the report can be customized as per your need.
Global Lithium Derivatives Market Report Segments:
The global Lithium Derivatives market is segmented on the basis of:
Types
Lithium Carbonate, Lithium Hydroxide, Lithium Concentrate, Lithium Metal, Butyl Lithium, Lithium Chloride
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Batteries, Lubricants, Medicals, Metallurgic, Glass and Ceramic, Aluminum Smelting and Alloys, Polymers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Albemarle Corporation
- SQM
- FMC Corporation
- Sichuan Tianqi Lithium Industries Inc.
- General Lithium (Haimen) Corporation
- Jiangxi Ganfeng Lithium Co LtdÂ
- ZHONGHE CO., LTDÂ
- ...
Highlights of The Lithium Derivatives Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Lithium Carbonate
- Lithium Hydroxide
- Lithium Concentrate
- Lithium Metal
- Butyl Lithium
- Lithium Chloride
- By Application:
- Batteries
- Lubricants
- Medicals
- Metallurgic
- Glass and Ceramic
- Aluminum Smelting and Alloys
- Polymers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lithium Derivatives Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lithium derivatives are a type of battery that uses lithium ions to store energy. They are often used in electronic devices, such as laptops and phones.
Some of the major players in the lithium derivatives market are Albemarle Corporation, SQM, FMC Corporation, Sichuan Tianqi Lithium Industries Inc., General Lithium (Haimen) Corporation, Jiangxi Ganfeng Lithium Co Ltd‚Â , ZHONGHE CO., LTD‚Â .
The lithium derivatives market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lithium Derivatives Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lithium Derivatives Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lithium Derivatives Market - Supply Chain
4.5. Global Lithium Derivatives Market Forecast
4.5.1. Lithium Derivatives Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lithium Derivatives Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lithium Derivatives Market Absolute $ Opportunity
5. Global Lithium Derivatives Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Lithium Derivatives Market Size and Volume Forecast by Type
5.3.1. Lithium Carbonate
5.3.2. Lithium Hydroxide
5.3.3. Lithium Concentrate
5.3.4. Lithium Metal
5.3.5. Butyl Lithium
5.3.6. Lithium Chloride
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lithium Derivatives Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Lithium Derivatives Market Size and Volume Forecast by Application
6.3.1. Batteries
6.3.2. Lubricants
6.3.3. Medicals
6.3.4. Metallurgic
6.3.5. Glass and Ceramic
6.3.6. Aluminum Smelting and Alloys
6.3.7. Polymers
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lithium Derivatives Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Lithium Derivatives Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Lithium Derivatives Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Lithium Derivatives Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Lithium Derivatives Demand Share Forecast, 2019-2029
9. North America Lithium Derivatives Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Lithium Derivatives Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Lithium Derivatives Market Size and Volume Forecast by Application
9.4.1. Batteries
9.4.2. Lubricants
9.4.3. Medicals
9.4.4. Metallurgic
9.4.5. Glass and Ceramic
9.4.6. Aluminum Smelting and Alloys
9.4.7. Polymers
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lithium Derivatives Market Size and Volume Forecast by Type
9.7.1. Lithium Carbonate
9.7.2. Lithium Hydroxide
9.7.3. Lithium Concentrate
9.7.4. Lithium Metal
9.7.5. Butyl Lithium
9.7.6. Lithium Chloride
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Lithium Derivatives Demand Share Forecast, 2019-2029
10. Latin America Lithium Derivatives Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Lithium Derivatives Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Lithium Derivatives Market Size and Volume Forecast by Application
10.4.1. Batteries
10.4.2. Lubricants
10.4.3. Medicals
10.4.4. Metallurgic
10.4.5. Glass and Ceramic
10.4.6. Aluminum Smelting and Alloys
10.4.7. Polymers
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lithium Derivatives Market Size and Volume Forecast by Type
10.7.1. Lithium Carbonate
10.7.2. Lithium Hydroxide
10.7.3. Lithium Concentrate
10.7.4. Lithium Metal
10.7.5. Butyl Lithium
10.7.6. Lithium Chloride
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Lithium Derivatives Demand Share Forecast, 2019-2029
11. Europe Lithium Derivatives Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Lithium Derivatives Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Lithium Derivatives Market Size and Volume Forecast by Application
11.4.1. Batteries
11.4.2. Lubricants
11.4.3. Medicals
11.4.4. Metallurgic
11.4.5. Glass and Ceramic
11.4.6. Aluminum Smelting and Alloys
11.4.7. Polymers
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lithium Derivatives Market Size and Volume Forecast by Type
11.7.1. Lithium Carbonate
11.7.2. Lithium Hydroxide
11.7.3. Lithium Concentrate
11.7.4. Lithium Metal
11.7.5. Butyl Lithium
11.7.6. Lithium Chloride
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Lithium Derivatives Demand Share, 2019-2029
12. Asia Pacific Lithium Derivatives Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Lithium Derivatives Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Lithium Derivatives Market Size and Volume Forecast by Application
12.4.1. Batteries
12.4.2. Lubricants
12.4.3. Medicals
12.4.4. Metallurgic
12.4.5. Glass and Ceramic
12.4.6. Aluminum Smelting and Alloys
12.4.7. Polymers
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lithium Derivatives Market Size and Volume Forecast by Type
12.7.1. Lithium Carbonate
12.7.2. Lithium Hydroxide
12.7.3. Lithium Concentrate
12.7.4. Lithium Metal
12.7.5. Butyl Lithium
12.7.6. Lithium Chloride
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Lithium Derivatives Demand Share, 2019-2029
13. Middle East & Africa Lithium Derivatives Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Lithium Derivatives Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Lithium Derivatives Market Size and Volume Forecast by Application
13.4.1. Batteries
13.4.2. Lubricants
13.4.3. Medicals
13.4.4. Metallurgic
13.4.5. Glass and Ceramic
13.4.6. Aluminum Smelting and Alloys
13.4.7. Polymers
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lithium Derivatives Market Size and Volume Forecast by Type
13.7.1. Lithium Carbonate
13.7.2. Lithium Hydroxide
13.7.3. Lithium Concentrate
13.7.4. Lithium Metal
13.7.5. Butyl Lithium
13.7.6. Lithium Chloride
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Lithium Derivatives Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Lithium Derivatives Market: Market Share Analysis
14.2. Lithium Derivatives Distributors and Customers
14.3. Lithium Derivatives Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Albemarle Corporation
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SQM
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. FMC Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Sichuan Tianqi Lithium Industries Inc.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. General Lithium (Haimen) Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Jiangxi Ganfeng Lithium Co Ltd
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ZHONGHE CO., LTD
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. ...
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
