Albany, NY -- (SBWIRE) -- 06/08/2016 -- 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.

Covered in this report -

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

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Technavio's report, 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 vendors

- Albermarle
- SQM
- Sichuan Tainqi Lithium Industries
- FMC

Other prominent vendors

- Galaxy Resources
- Jiangxi Ganfeng
- Neometals
- 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

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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?

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