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The future of the global lithium compound market looks promising with opportunities in the lithium-ion batteries, glass & ceramics, lubricants, polymers, metallurgy, and air treatment industries. The global lithium compound market is forecast to reach $8.4 billion by 2025 with a CAGR of 13% from 2019 to 2025. The major drivers for this market are increasing production of electric vehicles, growth in portable electronics, and low environment impact of lithium batteries as compare to lead acid.
An emerging trend, which has a direct impact on the dynamics of the industry, includes increasing demand for lithium polymer batteries.
A total of 157 figures / charts and 132 tables are provided in this 200-page report to help in your business decisions. Sample figures with insights are shown below. To learn the scope of benefits, companies researched, and other details of lithium compound market report, download the report brochure.