Lewes, DE -- (SBWIRE) -- 06/24/2016 -- Report forecast the global lithium market to grow at a CAGR of 7.84% during the period 2016-2020.

Lithium is recovered from brine, pegmatites, and sedimentary rocks. It is extracted from brine in the form of lithium chloride. Lithium is derived from spodumene, a commercially exploited hard rock mineral, through acid fusion. Lithium and its derivative compounds are used in many end-use segments such as batteries, ceramics and glass, lubricants, metallurgy, air treatment, and polymers. In addition, lithium compounds are used as psychiatric medication.

The report covers the present scenario and the growth prospects of the global lithium market for 2016-2020.

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

According to the report, a key growth driver for the lithium market is the demand for EV from China. In 2015, China became the largest market for EV vehicles (plug-in light) with a sale of 214,282 vehicles, followed by Western Europe (184,501 vehicles) and the US (115,263 vehicles). The EV market in China will grow at a CAGR of 27.01% during the forecast period, which translates into demand for lithium batteries. The golden period for EV in China was 2015. Beijing accounted for the largest share in this market in 2015 with a share of 28%, followed by Shanghai with 23% and Shenzhen with 10%.

Further, the report states that one challenge that could restrict market growth is the gap in demand and supply of lithium.

Global Lithium Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global lithium market: Albermarle, SQM, Sichuan Tianqi Lithium Industries, and FMC.

Other Prominent Vendors in the market are: Galaxy Resources, Jiangxi Ganfeng, Neometals, and Orocobre.

Market driver
- Demand for EV from China
- For a full, detailed list, view our report

Market challenge
- Supply-demand gap
- For a full, detailed list, view our report

Market trend
- Demand for lithium-ion batteries in grid-connected storage
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 83 pages and 71 Exhibit "Global Lithium Market 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Lithium industry value chain, Pricing trends, Market segmentation by lithium compound, Market segmentation by end-user, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

For more information Visit at: http://www.marketresearchreports.com/technavio/global-lithium-market-2016-2020

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