New Research: Lucintel Predicts a Bright Future for the Lithium Compound Market

Did you know that Lucintel recently published a market research report entitled “Growth Opportunities in the Lithium Compound Market”?

This market report for lithium compound identifies and predicts future opportunities for growth in lithium compound market for various segments as well as for various regions such as North America, Europe, Asia Pacific, and the Rest of the World. It also identifies growth opportunities for lithium compound in the lithium-ion batteries, glass & ceramics, lubricants, polymers, metallurgy, and air treatment industries.

According to Lucintel’s market report, the lithium compound market is expected to reach an estimated $8.4 billion by 2025 with a CAGR of 16% from 2020 to 2025. Some of the dominant players in the lithium compound market are Ganfenglithium, Albemarle, SQM, FMC, and Tianqi Lithium.

There are some interesting developments in lithium compound market as competition heats up and players try to increase their market share. An emerging trend shaping the market dynamics include increasing demand for lithium polymer batteries.

Read more about this report at:

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