Lucintel anticipates that Asia Pacific will be the fastest growing region in the lithium compound market


   November 7, 2019
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 drivers for this market are growing demand for electric vehicles and increasing focus of consumers and government agencies towards environmental concerns.

To download free sample and PDF brochure please go to  https://www.lucintel.com/lithium-compound-market.aspx  and click report brochure/download sample 

In this market, lithium carbonate, lithium hydroxide, lithium metal, and butyl-lithium are the major derivatives used in various applications. Lithium carbonate will remain the largest segment.

Within the lithium compound market, Li-ion batteries will remain the largest application for lithium compound market due to increasing production of electric vehicle in China and South Korea.

Asia-Pacific will remain the largest market over the forecast period due to increasing demand for lithium compound based batteries in electric vehicles and industrial power storage applications.

Sociedad Quimica Y Minera DE Chile (SQM), FMC Corporation, Albemarle Corporation, Sichuan Tianqui Lithium Chemicals, Jiangxi Ganfeng Lithium, China Lithium Products Technology, Sichuan NI&CO Guorun New Materials, and Shanghai China Lithium Industrial 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


    • United States


    • Canada


    • Mexico




  • Europe


    • United Kingdom


    • Germany




  • Asia Pacific


    • Japan


    • China




  • The Rest of the World


This 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 https://www.lucintel.com/lithium-compound-market.aspx or helpdesk@lucintel.com.

About Lucintel

Lucintel, the premier global 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.


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