Pune, India, May 30, 2022 (GLOBE NEWSWIRE) — The global lithium market size was $3.64 billion in 2020. The market is projected to grow from $3.83 billion in 2021 to $6.62 billion in 2028 at a CAGR of 8.1% during the 2021-2028 period. This information is provided by Fortune Business Insights™ in its report titled, “Lithium Market, 2021-2028.”
According to our researchers, prompt progressions in the rechargeable batteries for laptops, mobile phones, Electric Vehicles (EVs), as well as digital cameras, directed by the growth in the Li-ion battery market across the world shall power the product demand. Growing demand for batteries, glass & ceramics, lubricants, foundry and others is anticipated to nurture the growth of the market.
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List of Key Players Covered in the Report
- FMC Corporation (India)
- Albemarle Corporation (U.S.)
- SQM S.A. (Chile)
- Tianqi Lithium (Australia)
- International Lithium Corp. (China)
- LSC Lithium Corporation (Canada)
- American Lithium Corp. (Canada)
- Livent (U.S.)
- Avalon Advanced Materials (Canada)
- Sayona Mining Limited (Australia)
- Other Key Players
Report Scope & Segmentation
| Report Attribute | Details | |
| Market size value in 2021 | USD 3.83 Billion | |
| Revenue forecast in 2028 | USD 6.62 Billion | |
| Growth Rate | CAGR of almost 8.1% 2021-2028 | |
| Base Year | 2022 | |
| Historic Years | 2017 – 2019 | |
| Forecast Years | 2021 – 2028 | |
| Segments Covered | By Product, By Application | |
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