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The Global Lithium Market is expected to grow by 55.66 th MT during 2020-2024 progressing at a CAGR of 11% during the forecast period

ReportLinker
·2-min read

Global Lithium Market 2020-2024 The analyst has been monitoring the lithium market and it is poised to grow by 55. 66 th MT during 2020-2024 progressing at a CAGR of 11% during the forecast period.

New York, Dec. 29, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Lithium Market 2020-2024" - https://www.reportlinker.com/p04343689/?utm_source=GNW
Our report on lithium market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the surge in demand from diversified applications, rise in demand from developing countries and increased demand from the EVs industry. In addition, surge in demand from diversified applications is anticipated to boost the growth of the market as well.
The lithium market analysis includes application segment and geographical landscapes.

The lithium market is segmented as below:
By Application
• Batteries
• Ceramics and glass
• Grease
• Polymer
• Others

By Geographical Landscapes
• APAC
• North America
• Europe
• South America
• MEA

This study identifies the increase in R&D activities as one of the prime reasons driving the lithium market growth during the next few years. Also, capacity expansions to accelerate market growth and rise in preference for renewable energy will lead to sizable demand in the market.
The analyst presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on lithium market covers the following areas:
• Lithium market sizing
• Lithium market forecast
• Lithium market industry analysis


Read the full report: https://www.reportlinker.com/p04343689/?utm_source=GNW

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