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North America Lithium Compound Market Expected to Grow with a CAGR of 5.3% During the Period, 2019-2024 - ResearchAndMarkets.com

January 6, 2020 GMT

DUBLIN--(BUSINESS WIRE)--Jan 6, 2020--

The  “North America Lithium Compound Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”  report has been added to  ResearchAndMarkets.com’s  offering.

The publisher expects the market to reach a volume of 87,520 Tons by 2024, registering a CAGR of 5.3% during 2019-2024.

The North America lithium compound market reached a volume of 64,200 Tons in 2018. Lithium is a silvery-white alkali metal, which is stored in mineral oil owing to its highly reactive and flammable nature. As a result of its corrosive nature in moist air, lithium never occurs freely. Both lithium and its compounds find several industrial applications in the production of batteries, steel and aluminum, heat-resistant glass and ceramics, grease lubricants, flux additives, automotive parts, etc. The lithium compound market in the region is being driven by the rising demand for lithium-ion batteries for devices such as laptops, mobile phones and calculators. Moreover, recent advances in the lithium battery technology has expanded its application from the healthcare sector for cardiac pacemakers to military operations for thermal batteries.

The North America lithium compound market is currently being driven by several factors. A majority of the population in the region depends on electronic gadgets, like smartphones, tablets and laptops, for communication along with other daily activities. As a result, they consistently upgrade these devices, in turn, supporting the growth of the lithium compound market. Moreover, the implementation of the Paris Agreement has stimulated the demand for electric vehicles in the region, in order to mitigate greenhouse gas (GHG) emissions. This is impacting the market positively as electric vehicles employ lithium compound products in the form of a major component. Apart from this, the booming construction sector has led to an escalated demand for different types of glass and ceramics, thereby bolstering the growth of the industry. Further, expanding application of lithium-ion batteries across the healthcare and automotive sectors is also providing a thrust to the market growth.

Key Questions Answered in This Report:

Report Coverage:

Key Topics Covered:

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study

2.2 Stakeholders

2.3 Data Sources

2.3.1 Primary Sources

2.3.2 Secondary Sources

2.4 Market Estimation

2.4.1 Bottom-Up Approach

2.4.2 Top-Down Approach

2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Lithium Compound Market

5.1 Market Performance

5.2 Market Breakup by Type

5.3 Market Breakup by End-Use

5.4 Market Breakup by Region

5.5 Market Forecast

6 North America Lithium Compound Market

6.1 Market Performance

6.2 Market Forecast

7 North America Lithium Compound Market: Breakup by Type

7.1 Lithium Carbonate

7.2 Lithium Hydroxide

7.3 Lithium Concentrate

7.4 Lithium Metal

7.5 Lithium Chloride

7.6 Butyllithium

7.7 Other Lithium Compound

8 North America Lithium Compound Market: Breakup by End-Use

8.1 Batteries

8.2 Glass and Glass Ceramics

8.3 Automotive Parts

8.4 Greases

8.5 Metallurgy

8.6 Polymer

8.7 Air-treatment

8.8 Others

9 North America Lithium Compound Market: Breakup by Country

9.1 United States

9.1.1 Historical Market Trends

9.1.2 Market Breakup by Type

9.1.3 Market Breakup by End-Use

9.1.4 Market Forecast

9.2 Canada

9.3 Mexico

10 SWOT Analysis

10.1 Overview

10.2 Strengths

10.3 Weaknesses

10.4 Opportunities

10.5 Threats

11 Value Chain Analysis

11.1 Overview

11.2 Research and Development

11.3 Raw Material Procurement

11.4 Manufacturing

11.5 Distribution

11.6 Export

11.7 End-Use

12 Porter’s Five Forces Analysis

12.1 Overview

12.2 Bargaining Power of Buyers

12.3 Bargaining Power of Suppliers

12.4 Degree of Rivalry

12.5 Threat of New Entrants

12.6 Threat of Substitutes

13 Price Analysis

14 Competitive Landscape

14.1 Market Structure

14.2 Key Players

14.3 Profiles of Key Players

For more information about this report visit  https://www.researchandmarkets.com/r/586ak2

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SOURCE: Research and Markets

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PUB: 01/06/2020 11:09 AM/DISC: 01/06/2020 11:09 AM