TechNavio recognizes the following companies as the key players in the Global Lithium Market: FMC Lithium Corp., Rockwood Lithium GmbH, Sociedad Quimica Y Minera de Chile S.A., and Talison Lithium Ltd.
Commenting on the report, an analyst from TechNavio’s team said: “Increase in production capacities is a major trend witnessed in the Global Lithium market. As a result of the growing demand for lithium in applications such as batteries, ceramics/glass, and air treatment, large producers of lithium are investing heavily in exploration and development of new production sites to tap the surge in demand. Moreover, many vendors are increasingly adopting new mining, extraction, and refining technologies, which can help them diversify their production capabilities from their traditional market to new emerging markets.”
According to the report, one of the major drivers in the market is the increasing use of lithium in li-ion batteries. As li-ion batteries are used in electric vehicles, its production is expected to increase significantly, and hence, the demand for lithium is expected to increase during the forecast period.
Further, the report states that one of the major challenges faced by this market is the lack of professionals in the mining of lithium-rich ores. The market is highly affected by the shortage of skilled labor.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-lithium-market-2012-2016
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report – Global Lithium Market 2012-2016
