Lithium Compounds Market worth 5.87 Billion USD by 2020

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Lithium Compounds Market by Application,
Derivatives by Region - Global Forecasts to
2020
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Lithium Compounds Market worth 5.87 Billion USD
by 2020
The report "Lithium Compounds Market by
Application (Li-ion Batteries, Glass Ceramics,
Medical, Lubricants, Metallurgy, Polymers), by
Derivatives (Lithium Carbonate, Lithium
Hydroxide, Lithium Metal, Butyl-Lithium) by
Region - Global Forecasts to 2020", The global
lithium compounds market is projected to reach
USD 5.87 Billion by 2020, at a CAGR of 13.22
between 2015 and 2020. The base year considered
for the study is 2014 and forecast period is 2015
to 2020.
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Lithium Compounds Market worth 5.87 Billion USD
by 2020
Browse gtgt 537 data tables
56 figures
337 pages and in-depth TOC on Lithium Compounds
Market Early buyers will receive 10
customization on this report. This is a Premium
Report Priced at US 4650 for single user. The
global lithium compounds market was valued at USD
2.64 Billion in 2014, and is projected to grow at
a CAGR of 13.22 from 2015 to 2020.
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Lithium Compounds Market worth 5.87 Billion USD
by 2020
Li-ion batteries is the largest application
segment Li-ion batteries is the largest
application for lithium compounds, in terms of
value and volume. The demand for li-ion batteries
is growing in countries such as China, India,
South Korea, Brazil, and Czech Republic for new
generation energy electronic devices like
cameras, high performance portable computing
devices, and electric vehicles. This in turn is
driving the growth of lithium batteries. Glass
ceramics is the second-largest segment and is
projected to register significant growth in the
coming years driven by huge investments in new
infrastructure developments, new housing
projects, and renovation of non-residential
buildings in the U.S., China, India, and the U.K.
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Lithium Compounds Market worth 5.87 Billion USD
by 2020
The lithium hydroxide segment is the
fastest-growing derivative, by volume Lithium
hydroxide is growing at the highest CAGR in terms
of volume, from 2015-2020. This derivative is
mainly used in industrial lubricant, active
cathode in batteries, and others. Also, due to
better properties than other concentrates, it is
mostly preferred for new battery
technologies. Asia-Pacific is the largest
geographical market segment Asia-Pacific is the
largest market for the lithium compounds. The
rising demand for new energy storage application
in vehicles, grid connected energy storage, and
high requirements of consumer gadgets are
expected to change the market dynamics.
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Lithium Compounds Market worth 5.87 Billion USD
by 2020
North America is an emerging market for lithium
compounds, due to the increasing demand from
end-user industries. This region constitutes the
second-largest market for lithium compounds
consumption in 2014. 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.
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Lithium Compounds Market worth 5.87 Billion USD
by 2020
Key Players Some of the major market players
operating in this market are SQM (Chile),
Albemarle Corporation (U.S.), FMC (U.S.), Sichuan
Tianqui lithium (China), and Jiangxi Ganfeng
Lithium Co., Ltd (China) are the key players
actively present in the lithium compounds
market. Purchase a Copy of this Report Today !
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