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Lithium Compound Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024

Lithium is a soft and silver-white alkali metal, commonly present in the soil, plants, animals and human body. It is generally extracted from ores and mineral springs where it is found in small amounts. It has the lowest density of all the metals and reacts vigorously with water. Lithium is corrosive in nature and burns with a brilliant white flame. It forms numerous organic and inorganic compounds including hydride, oxide, nitride, carbide, hydroxide, etc. These compounds find applications in cooling systems for nuclear reactors, rechargeable batteries, special glasses, glass ceramics, aircrafts, armour plating, bicycle frames, etc. According to IMARC Group’s latest report, titled “Lithium Compound Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global lithium compound market reached a volume of 278,735 Tons in 2018.

Lithium Compound Report

Lithium-ion batteries are majorly used in portable electronic devices such as electric vehicles, camera, pacemakers, smartphones and watches. Increasing usage for these devices among the consumers has boosted the demand for li-ion batteries in the emerging countries such as China, South Korea, India and Brazil. This acts as the major growth-inducing factor for lithium compounds since they are used in the production of li-ion batteries. Moreover, huge investments in infrastructure developments, renovation of buildings and new housing projects are increasing the demand for glasses and ceramics, thereby influencing the market of lithium compounds. Further, a shift towards electronic vehicles instead of petroleum-based vehicles is facilitating the demand for lithium compounds in the industry. Owing to these factors, the market is expected to reach a volume of 420,658 Tons by 2024, exhibiting a CAGR of  more than 7% during 2019-2024.

The report has segmented the market on the basis of type, wherein lithium carbonate represents the most popular type of lithium compound. It is followed by lithium hydroxide, lithium concentrate, lithium metal, lithium chloride and butyllithium. The market is also segregated on the basis of end-use into batteries, glass and glass ceramics, automotive parts, greases, metallurgy, polymer and air treatment. Amongst these, batteries account for the majority of the market share. Region-wise, the report covers Asia Pacific, North America, Europe, Middle East and Africa, and Latin America. Currently, Asia Pacific dominates the market, accounting for the majority of the market share. The report has also analysed the competitive landscape of the market with some of the key global players being SQM, FMC Corporation, Orocobre Limited, Lithium Americas Corp. and Neometals Ltd.

This report provides a deep insight into the global lithium compound market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the lithium compound industry in any manner.

Key Questions Answered in This Report:

  • How has the global lithium compound market performed so far and how will it perform in the coming years?
  • What are the key regions in the global lithium compound market?
  • Which are the popular product types in the global lithium compound market?
  • What are the major end-uses in the global lithium compound market?
  • What are the price trends of lithium compound?
  • What are the various stages in the value chain of the global lithium compound market?
  • What are the key driving factors and challenges in the global lithium compound market?
  • What is the structure of the global lithium compound market and who are the key players?
  • What is the degree of competition in the global lithium compound market?
  • How is lithium compound manufactured?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Properties
    4.3    Key Industry Trends
5   Global Lithium Compound Market
    5.1    Market Overview
    5.2    Market Performance
        5.2.1    Volume Trends
        5.2.2    Value Trends
    5.3    Price Trends
    5.4    Market Breakup by Type
    5.5    Market Breakup by End Use
    5.6    Market Breakup by Region
    5.7    Market Forecast
    5.8    SWOT Analysis
        5.8.1    Overview
        5.8.2    Strengths
        5.8.3    Weaknesses
        5.8.4    Opportunities
        5.8.5    Threats
    5.9    Value Chain Analysis
        5.9.1    Overview
        5.9.2    Research and Development
        5.9.3    Raw Material Procurement
        5.9.4    Manufacturing
        5.9.5    Marketing
        5.9.6    Distribution
        5.9.7    End-Use
    5.10    Porters Five Forces Analysis
        5.10.1    Overview
        5.10.2    Bargaining Power of Buyers
        5.10.3    Bargaining Power of Suppliers
        5.10.4    Degree of Competition
        5.10.5    Threat of New Entrants
        5.10.6    Threat of Substitutes
6   Market Breakup by Type
    6.1    Lithium Carbonate
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Lithium Hydroxide
        6.2.1 Market Trends
        6.2.2 Market Forecast
    6.3    Lithium Concentrate
        6.3.1 Market Trends
        6.3.2 Market Forecast
    6.4    Lithium Metal
        6.4.1 Market Trends
        6.4.2 Market Forecast
    6.5    Lithium Chloride
        6.5.1 Market Trends
        6.5.2 Market Forecast
    6.6    Butyllithium
        6.6.1 Market Trends
        6.6.2 Market Forecast
    6.7    Other Lithium Compound
        6.7.1 Market Trends
        6.7.2 Market Forecast
7   Market Breakup by End-Use
    7.1    Batteries
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Glass and Glass Ceramics
        7.2.1 Market Trends
        7.2.2 Market Forecast
    7.3    Automotive Parts
        7.3.1 Market Trends
        7.3.2 Market Forecast
    7.4    Greases
        7.4.1 Market Trends
        7.4.2 Market Forecast
    7.5    Metallurgy
        7.5.1 Market Trends
        7.5.2 Market Forecast
    7.6    Polymer
        7.6.1 Market Trends
        7.6.2 Market Forecast
    7.7    Air Treatment
        7.7.1 Market Trends
        7.7.2 Market Forecast
    7.8    Others
        7.8.1 Market Trends
        7.8.2 Market Forecast
8   Market Breakup by Region
    8.1    Asia Pacific
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    North America
        8.2.1 Market Trends
        8.2.2 Market Forecast
    8.3    Europe
        8.3.1 Market Trends
        8.3.2 Market Forecast
    8.4    Middle East and Africa
        8.4.1 Market Trends
        8.4.2 Market Forecast
    8.5    Latin America
        8.5.1 Market Trends
        8.5.2 Market Forecast
9   Lithium Compound Manufacturing Process
    9.1    Product Overview
    9.2    Raw Material Requirements
    9.3    Manufacturing Process
    9.4    Key Success and Risk Factors
10  Competitive Landscape
    10.1    Market Structure
    10.2    Key Players
    10.3    Profiles of Key Players
         10.3.1    SQM
            10.3.1.1    Company Overview
            10.3.1.2    Description
            10.3.1.3    Product Portfolio
            10.3.1.4    Financials
            10.3.1.5    SWOT Analysis
         10.3.2    FMC Corporation
            10.3.2.1    Company Overview
            10.3.2.2    Description
            10.3.2.3    Product Portfolio
            10.3.2.4    Financials
            10.3.2.5    SWOT Analysis
         10.3.3    Orocobre Limited
            10.3.3.1    Company Overview
            10.3.3.2    Description
            10.3.3.3    Product Portfolio
            10.3.3.4    Financials
         10.3.4    Lithium Americas Corp
            10.3.4.1    Company Overview
            10.3.4.2    Description
            10.3.4.3    Product Portfolio
         10.3.5    Neometals Ltd
            10.3.5.1    Company Overview
            10.3.5.2    Description
            10.3.5.3    Product Portfolio
            10.3.5.4    Financials 


List of Figures

Figure 1: Global: Lithium Compound Market: Major Drivers and Challenges
Figure 2: Global: Lithium Compound Market: Sales Volume (in ‘000 Metric Tons) 2011-2018
Figure 3: Global: Lithium Compound Market: Sales Value (in Billion US$) 2011-2018
Figure 4: Global: Lithium Compound Market: Average Prices (in US$/Ton) 2011-2018
Figure 5: Global: Lithium Compound Market: Breakup by Type (in %), 2018
Figure 6: Global: Lithium Compound Market: Breakup by End Use (in %), 2018
Figure 7: Global: Lithium Compound Market: Breakup by Region (in %), 2018
Figure 8: Global: Lithium Compound Market Forecast: Sales Volume (in ‘000 Metric Tons), 2019-2024
Figure 9: Global: Lithium Compound Market Forecast: Sales Value (in Billion US$), 2019-2024
Figure 10: Global: Lithium Compound Industry: SWOT Analysis
Figure 11: Global: Lithium Compound Industry: Value Chain Analysis
Figure 12: Global: Lithium Compound Industry: Porter’s Five Forces Analysis
Figure 13: Global: Lithium Carbonate Market: Sales Volume (in ‘000 Metric Tons), 2011 & 2018
Figure 14: Global: Lithium Carbonate Market Forecast: Sales Volume (in ‘000 Metric Tons), 2019-2024
Figure 15: Global: Lithium Hydroxide Market: Sales Volume (in ‘000 Metric Tons), 2011 & 2018
Figure 16: Global: Lithium Hydroxide Market Forecast: Sales Volume (in ‘000 Metric Tons), 2019-2024
Figure 17: Global: Lithium Concentrate Market: Sales Volume (in ‘000 Metric Tons), 2011 & 2018
Figure 18: Global: Lithium Concentrate Market Forecast: Sales Volume (in ‘000 Metric Tons), 2019-2024
Figure 19: Global: Lithium Metal Market: Sales Volume (in ‘000 Metric Tons), 2011 & 2018
Figure 20: Global: Lithium Metal Market Forecast: Sales Volume (in ‘000 Metric Tons), 2019-2024
Figure 21: Global: Lithium Chloride Market: Sales Volume (in ‘000 Metric Tons), 2011 & 2018
Figure 22: Global: Lithium Chloride Market Forecast: Sales Volume (in ‘000 Metric Tons), 2019-2024
Figure 23: Global: Butyllithium Market: Sales Volume (in ‘000 Metric Tons), 2011 & 2018
Figure 24: Global: Butyllithium Market Forecast: Sales Volume (in ‘000 Metric Tons), 2019-2024
Figure 25: Global: Other Lithium Compound Market: Sales Volume (in ‘000 Metric Tons), 2011 & 2018
Figure 26: Global: Other Lithium Compound Market Forecast: Sales Volume (in ‘000 Metric Tons), 2019-2024
Figure 27: Global: Lithium Compound Market (Applications in Batteries): Sales Volume (in ‘000 Metric Tons), 2011 & 2018
Figure 28: Global: Lithium Compound Market Forecast (Applications in Batteries): Sales Volume (in ‘000 Metric Tons), 2019-2024
Figure 29: Global: Lithium Compound Market (Applications in Glass and Glass Ceramics): Sales Volume (in ‘000 Metric Tons), 2011 & 2018
Figure 30: Global: Lithium Compound Market Forecast (Applications in Glass and Glass Ceramics): Sales Volume (in ‘000 Metric Tons), 2019-2024
Figure 31: Global: Lithium Compound Market (Applications in Automotive Parts): Sales Volume (in ‘000 Metric Tons), 2011 & 2018
Figure 32: Global: Lithium Compound Market Forecast (Applications in Automotive Parts): Sales Volume (in ‘000 Metric Tons), 2019-2024
Figure 33: Global: Lithium Compound Market (Applications in Greases): Sales Volume (in ‘000 Metric Tons), 2011 & 2018
Figure 34: Global: Lithium Compound Market Forecast (Applications in Greases): Sales Volume (in ‘000 Metric Tons), 2019-2024
Figure 35: Global: Lithium Compound Market (Applications in Metallurgy): Sales Volume (in ‘000 Metric Tons), 2011 & 2018
Figure 36: Global: Lithium Compound Market Forecast (Applications in Metallurgy): Sales Volume (in ‘000 Metric Tons), 2019-2024
Figure 37: Global: Lithium Compound Market (Applications in Polymer): Sales Volume (in ‘000 Metric Tons), 2011 & 2018
Figure 38: Global: Lithium Compound Market Forecast (Applications in Polymer): Sales Volume (in ‘000 Metric Tons), 2019-2024
Figure 39: Global: Lithium Compound Market (Applications in Air Treatment): Sales Volume (in ‘000 Metric Tons), 2011 & 2018
Figure 40: Global: Lithium Compound Market Forecast (Applications in Air Treatment): Sales Volume (in ‘000 Metric Tons), 2019-2024
Figure 41: Global: Lithium Compound Market (Other Applications): Sales Volume (in ‘000 Metric Tons), 2011 & 2018
Figure 42: Global: Lithium Compound Market Forecast (Other Applications): Sales Volume (in ‘000 Metric Tons), 2019-2024
Figure 43: Asia Pacific: Lithium Compound Market: Sales Volume (in ‘000 Metric Tons), 2011 & 2018
Figure 44: Asia Pacific: Lithium Compound Market Forecast: Sales Volume (in ‘000 Metric Tons), 2019-2024
Figure 45: North America: Lithium Compound Market: Sales Volume (in ‘000 Metric Tons), 2011 & 2018
Figure 46: North America: Lithium Compound Market Forecast: Sales Volume (in ‘000 Metric Tons), 2019-2024
Figure 47: Europe: Lithium Compound Market: Sales Volume (in ‘000 Metric Tons), 2011 & 2018
Figure 48: Europe: Lithium Compound Market Forecast: Sales Volume (in ‘000 Metric Tons), 2019-2024
Figure 49: Middle East and Africa: Lithium Compound Market: Sales Volume (in ‘000 Metric Tons), 2011 & 2018
Figure 50: Middle East and Africa: Lithium Compound Market Forecast: Sales Volume (in ‘000 Metric Tons), 2019-2024
Figure 51: Latin America: Lithium Compound Market: Sales Volume (in ‘000 Metric Tons), 2011 & 2018
Figure 52: Latin America: Lithium Compound Market Forecast: Sales Volume (in ‘000 Metric Tons), 2019-2024
Figure 53: Lithium Compound Manufacturing: Detailed Process Flow


List of Tables

Table 1: Lithium Compound: General Properties
Table 2: Global: Lithium Compound Market: Key Industry Highlights, 2018 and 2024
Table 3: Global: Lithium Compound Market Forecast: Breakup by Type (in ‘000 Metric Tons), 2019-2024
Table 4: Global: Lithium Compound Market Forecast: Breakup by End-Use (in ‘000 Metric Tons), 2019-2024
Table 5: Global: Lithium Compound Market Forecast: Breakup by Region (in ‘000 Metric Tons), 2019-2024
Table 6: Lithium Compound Manufacturing: Raw Material Requirements
Table 7: Global: Lithium Compound Market: Competitive Structure
Table 8: Global: Lithium Compound Market: Key Players

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