Lithium Carbonate Market Size, Share, Growth, Outlook, and Opportunity Analysis, Forecast 2019 - 2027

                                                                          
The lithium salt of carbonate, lithium carbonate, is an inorganic compound.

            Lithium Carbonate Market


The lithium salt of carbonate, lithium carbonate, is an inorganic compound. This white salt is widely used in metal oxide processing. It is on the World Health Organization's List of Essential Medicines because it can be used to treat mood disorders like bipolar disorder.

Several different factors are expected to drive the overall development of the global Lithium Carbonate Market in the forecast period's coming years. The increasing consumption from the automotive industry has been a major driving factor for market growth. The popularity of electronic vehicles has skyrocketed in recent years. This is primarily due to ongoing environmental degradation and the depletion of natural resources. Lithium carbonate is used in the manufacturing of electric vehicles, and the growing momentum in the EV industry will undoubtedly drive the development of the global lithium carbonate market in the forecast period's coming years.

Lithium carbonate is found in medications used to treat bipolar disorder. The use of lithium carbonate-based medications reduces the symptoms of manic episodes such as irritability, anxiety, loud/rapid speech, and aggressive behaviour. Furthermore, because of the high temperatures that cause the glazes to melt, lithium carbonate is used in ceramics to make glazes. During the forecast period, these applications are expected to increase demand for lithium carbonate.


Market Segmentation:

On the basis of grade
  • Battery Grade (99.5% purity)
  • Enhanced Grade (99.6%-99.9&)
  • Superior Grade (Above 99.9%)

On the basis of application
  • Batteries
  • Ceramics and glass
  • Cement and aluminum
  • Others
The key players operating in the global lithium carbonate market are SQM S.A., Orocobre Limited, Albemarle, Nordic Mining ASA, Simbol Mining, Western Mining Co., Ltd., Galaxy Resources Limited, FMC Corporation, Tibet Mineral Development Co., Ltd., International Lithium Corp., and Livent.

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