According to a new market report by Lucintel, the future of the lithium compound market looks promising with opportunities in the LI-ION batteries, glass & ceramics, medical, lubricants, metallurgy, and polymers applications. The lithium compound market is expected to grow with a CAGR of 12% from 2019 to 2024. The major growth drivers for this market are growing demand for portable devices & electric vehicles, and increasing focus of consumers and government agencies towards environmental concerns.
In this market, lithium carbonate, lithium hydroxide, lithium metal, and butyl-lithium are the major derivatives segment of the lithium compound market. Lithium carbonate is the largest derivative type.
Within the lithium compound market, LI-ION batteries, glass & ceramics, medical, lubricants, metallurgy, and polymers are the major applications. Li-ion batteries is the largest application segment for lithium compounds.
Asia-Pacific will remain the largest market over the forecast period due to new energy storage application in vehicles, grid connected energy storage, and high requirements of consumer gadgets
Sociedad Quimica Y Minera DE Chile (SQM), FMC Corporation, Albemarle Corporation, Sichuan Tianqui Lithium Chemicals, Jiangxi Ganfeng Lithium Co. Ltd., China Lithium Products Technology., Sichuan NI&CO Guorun New Materials Co. Ltd., and Shanghai China Lithium Industrial Co. Ltd. are some of the major manufacturers of lithium compounds.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the lithium compound market by derivative type, application, and region. Lucintel has prepared a comprehensive research report entitled "Lithium Compound Market 2019-2024: Trends, Forecast, and Opportunity Analysis". This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the lithium compound market by derivative type, application, and region as follows:
By Derivative Type [$M shipment analysis for 2013 – 2024]:
• Lithium Carbonate
• Lithium Hydroxide
• Lithium Concentrate
• Lithium Metal
• Lithium Chloride
• Butyl-lithium
By Application [$M shipment analysis for 2013 – 2024]:
• LI-ION Batteries
• Glass & Ceramics
• Medical
• Lubricants
• Metallurgy
• Polymers
By Region [$M shipment analysis for 2013 – 2024]:
• North America
− The US
− Canada
− Mexico
• Europe
− Germany
− Spain
− France
− The United Kingdom
− Russia
• Asia Pacific
− China
− Japan
− India
− South Korea
− Thailand
• Rest of the World

More than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link…… [email protected].
About Lucintel
Lucintel, the premier management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.


This report answers following 11 key questions:
Q.1 What are some of the most promising potential, high-growth opportunities for the lithium compound market by derivative type (lithium carbonate, lithium hydroxide, lithium concentrate, lithium metal, lithium chloride, and butyl-lithium), application ( LI-ION batteries, glass & ceramics, medical, lubricants, metallurgy, and polymers), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the lithium compound market?
Q.5 What are the business risks and threats to the lithium compound market?
Q.6 What are emerging trends in the lithium compound market and the reasons behind them?
Q.7 What are some changing demands of customers in the lithium compound market?
Q.8 What are the new developments in the lithium compound market? Which companies are leading these developments?
Q.9 Who are the major players in the lithium compound market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area, and how big of a threat do they pose for loss of market share via material or product substitution?
Q.11 What M & A activities have taken place in the last five years in the lithium compound market?