Lepidolite Market Industry report contains a complete product overview and its scope in the market to define the key terms and provide the clients a holistic idea of the market and its tendency.
Los Angeles, CA -- (SBWIRE) -- 12/02/2019 -- The global Lepidolite market is expected to benefit from growing demand for Lepidolite in electronics, consumer goods, and manufacturing industries. Lithium, which is derived from Lepidolite, is used in lasers, T.V., radio tubes, and fireworks. Industrial sector makes use of Lepidolite as a heat insulator. This mineral is also deployed in geological as well as mineralogy research.
Manufacturers are expanding their portfolio and investing in R&D to add to their advantage. Ganfeng Lithium Co., Ltd., a key manufacturer in the market, has lately announced to start its solid-state lithium battery production line. The giant is also extensively investing in research and development to accelerate the commercialization. Such initiatives are expected to open up novel avenues for the market players in the coming years.
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Partnerships and Joint Ventures to help key players strengthen their position
Key manufacturers operating in the Lepidolite market include Jiangxi Special Electric Motor Co., Ltd., Ganfeng Lithium Co., Ltd., and Ganzhou Yatai Tungsten Industry Co., Ltd. Manufacturers are taking up various strategies such as collaborations, partnerships, research and development, portfolio expansion, and mergers and acquisitions in order to strengthen their presence in the market.
By Product Type
? Yellow Lepidolite
? Lavender Lepidolite
? Battery Industry
? Others (Including Ceramics and Glasses, etc.)
As far as the application is concerned, Lepidolite may witness a surge in the demand from the battery industry. Lithium batteries are widely used in consumer electronics such as camera, iPods, and cell phones owing to their durability, thus reducing battery replacement.
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Industrialization and urbanization in Asia Pacific have given rise to various consumer goods industries such as electronics and automobiles. This has increased the need for lithium manufacturing, thereby having a positive impact on the Lepidolite market growth. Demand for lithium is high in China due to development of new energy vehicles, which is driving the Lepidolite market in Asia Pacific. Abundant availability of Lepidolite in the US is influencing the Lepidolite market growth in North America to a great extent.