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Automotive Industry Poses Tremendous Demand Uptick with Evolution of Electric VehiclesAdvances in electric vehicle production is set to reflect favorable growth outcome in lithium market in the coming years, finds Adroit Market Research in a new research offering.
Besides demand spurt in electric vehicle market, lithium demands are also coined by accelerating adoption of portable consumer electronics.
Owing to stringency in carbon emission control norms, a dynamic shit from conventional fuel cars to an upgraded autonomous version is anticipated to assume an aggressive role in the foreseeable future. This massive demand potential is anticipated to reflect favorably on the lithium market according to in-depth research initiatives. Despite massive demand potential, lithium market is struck by prevalent restraints such as massive demand and supply gap.
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Market Manufacturers Address Supply Shortage with More Innovative and Efficient Production Technologies
As renewable energy consumption rises, end-use industries such as consumer electronics space is also poised to demonstrate massive consumption which are in turn expected to pose a stark supply shortage. Manufacturers therefore in lithium market are investing towards developing novel production ways to harness efficient lithium production to support end-use industry demand surge.
Standard Lithium Produces Lithium from Brine with Proprietary DLE Technology
Frontline manufacturers such as Standard Lithium are scouting for new production areas and investing in facility expansion to meet brewing demands. The company has recently unveiled a direct lithium extraction project at Arkansas to support the production of sustainable and eco-friendly lithium from brine which essentially is produced as a byproduct at bromine manufacturing areas.
Standard Lithium's first batch of lithium chloride has already been shipped to be converted into lithium carbonate. The production process at Standard Lithium strictly adheres to its proprietary Direct Lithium Extraction Technology based on LiSTR technology to process brine.
Developments as such are crucial to shrink the gap in demand and supply parameters to support sustainable energy consumption across end-use industries
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Top 10 lithium producers operating in the market include:
Albemarle Corporation, SQM, Inc., FMC Corporation, Sichuan Tianqi Lithium, Jiangxi Ganfeng Lithium, Millennial Lithium Corp., Lithium Americas Corporation, Altura Mining Ltd., Nemaska Lithium, and Galaxy Resources Ltd.
Key segments of the global lithium market
Type Overview, 2015-2025 (Kilo Tons, USD Million)
• Lithium Carbonate
• Lithium Hydroxide
• Lithium Chloride
• Others
Application Overview, 2015-2025 (Kilo Tons, USD Million)
• Ceramics and glass
• Batteries
• Lubricating Greases
• Continuous casting
• Air treatment
• Polymer Production
• Others
Regional Overview, 2015-2025 (Kilo Tons, USD Million)
• North America (U.S., Canada)
• Europe (Germany, United Kingdom, France, Rest of Europe)
• Asia Pacific (China, Japan, India, Rest of Asia Pacific)
• Rest of the World
Some Major Points from Table of Content (TOC):
Chapter 1. Executive Summary
Chapter 2. Research Methodology
2.1. Research approach
2.2. Scope, definition, and assumptions
2.3. Data sources
Chapter 3. Market Outlook
Chapter 4. Lithium Market Overview, By Type
Chapter 5. Lithium Market Overview, By End-Use
Chapter 6. Lithium Market Overview, By Region
Chapter 7. Industry Structure
Chapter 8. Company Profiles
What does the report include?
• The study on the global lithium market includes qualitative factors such as drivers, restraints, and opportunities
• Additionally, the market has been evaluated using the PEST analysis.
• The study covers qualitative and quantitative analysis of the market segmented on the basis of type, application and region. Moreover, the study provides similar information for the key geographies.
• Actual market sizes and forecasts have been provided for all the above-mentioned segments.
• The study includes the profiles of key players in the market with a significant global and/or regional presence.
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About Us:
Adroit Market Research is a global business analytics and consulting company incorporated in 2018. Our target audience is a wide range of corporations, manufacturing companies, product/technology development institutions and industry associations that require understanding of a market’s size, key trends, participants and future outlook of an industry. We intend to become our clients’ knowledge partner and provide them with valuable market insights to help create opportunities that increase their revenues. We follow a code– Explore, Learn and Transform. At our core, we are curious people who love to identify and understand industry patterns, create an insightful study around our findings and churn out money-making roadmaps.
Contact Info:
Name: Ryan Johnson
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Organization: Adroit Market Research
Address: 3131 McKinney Ave Ste 600 Dallas, TX 75204, U.S.A
Website: https://www.adroitmarketresearch.com/industry-reports/lithium-market
Release ID: 88982203
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