- The key vendors in the Global Lithium Market 2015-2019 are FMC Corp., Rockwood Lithium GmbH, Sociedad Quimica y Minera de Chile SA (SQM) and Talison Lithium Pty Ltd.
London, 31 March 2015: TechNavio, an independent tech-focused global research firm, has announced the publication of its market research report on the Global Lithium Market 2015-2019. The production of electric vehicles and hybrid vehicles is an important trend upcoming in the market. Consumers are opting for green tires made from lithium solutions because they are eco-friendly and durable, provide grip, reduce carbon emissions, and are fuel-efficient. The Global Lithium market is expected to grow at a CAGR of 11.12 percent during the forecast period of 2014-2019.
The increased global demand for lithium has resulted in inflation, and many countries worldwide are undertaking projects to explore and develop more lithium resources. Also, the Global Lithium Carbonate market is expected to grow at a steady pace during the forecast period, driven by the demand for lithium for manufacturing lithium-ion batteries.
“The demand for lithium-ion batteries in grid-connected storage has increased because of the growing demand-supply gap in the Electricity sector,” says Faisal Ghaus, Vice President of Technavio Research.
“Lithium-ion batteries store excess power and supply the stored power during peak hours. The increased use of lithium-ion batteries boosts the demand for lithium, driving the market growth.”
To define the market conditions in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
