Los Angeles, CA -- (SBWIRE) -- 07/15/2019 -- Lithium carbonate is an inorganic compound, the lithium salt of carbonate with the formula Li2CO3. This white salt is an important industrial chemical and widely used in many industries, such as battery industry, processing of metal oxides
Lithium carbonate is resource-oriented industry. Currently, there are a few of companies in global lithium carbonate industry, most of them are located in Chile,Argentina and China. The main market players are SQM,Albemarle, FMC,Tianqi Lithium and Ganfeng Lithium.
In consumption market, The Asia-Pacific region will continue to dominate the market, with China and Japan as major consumer countries. With the rise of China's new energy automobile industry, future demand will continue to grow rapidly.In 2017, Asia Pacific demand accounted for more than 76%.
Lithium carbonate is used in batteries, glass and ceramics, metallurgy and lubricants. Report data showed that 63.4% of the lithium carbonate market demand in batteries, 14.5% in glass and ceramics in 2017. With the development of economy, these industries will need more lithium carbonate.
The global Lithium Carbonate market was 2070 million US$ in 2018 and is expected to 2770 million US$ by the end of 2025, growing at a CAGR of 4.2% between 2019 and 2025.
This report studies the Lithium Carbonate market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Lithium Carbonate in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
SQM
Albemarle
FMC
Orocobre
Nordic Mining
Tianqi Lithium
Ganfeng Lithium
Ruifu Lithium
Weihua
QingHai Salt Lake Industry
Yahua
Zhonghe
Tibet Mineral Development
By the product type, the market is primarily split into
Industrial Grade Lithium Carbonate
Battery Grade Lithium Carbonate
By the end users/application, this report covers the following segments
Batteries
Glass and Ceramics
Medical
Lubricants
Metallurgy
Other
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