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NEW YORK , March 7, 2022 /PRNewswire/ --

Lithium Carbonate Market Facts at a Glance-

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The Lithium Carbonate Market is expected to increase by 811.16 thousand tons from 2021 to 2026. However, the growth momentum is likely to decelerate at a CAGR of 23.24% as per the latest market report by Technavio. The lithium carbonate market share growth by the batteries segment will be significant for revenue generation. The growth is attributed to the high demand for lithium carbonate-based lithium-ion batteries are used in EVs, energy grid storage batteries, and consumer electronics. Lithium carbonate is also used to manufacture lithium cobalt oxide batteries, which offer stable capacities and high specific energy. These characteristics of lithium cobalt oxide batteries make them ideal for use in smartphones, laptops, and digital cameras.

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The Lithium Carbonate Market is fragmented, and the vendors are deploying growth strategies such as focusing on product delivery through multiple distribution channels to compete in the market.

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The Lithium Carbonate Market share growth in APAC will be significant during the forecast period. 72% of the market's growth will originate from APAC during the forecast period. China , South Korea (Republic of Korea), and Japan are the key markets for lithium carbonate in APAC. Market growth in this region will be faster than the growth of the market in North America and ROW. The rapid growth of the automotive, electrical and electronics, and healthcare industries in countries such as China, Japan , India , Indonesia , and South Korea will facilitate the lithium carbonate market growth in APAC over the forecast period

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Latest Drivers & Trends Driving the Market-

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Decelerate at a CAGR of 23.24%

Leading companies, competitive strategies, consumer engagement scope

Albemarle Corp., AMG Advanced Metallurgical Group NV, Bacanora Lithium Plc, Eramet Group, European Metals Holdings, Galaxy Resources Ltd., Ganfeng Lithium Co. Ltd., GFS Chemicals Inc., International Lithium Corp., and Leverton Clarke Ltd.

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period.

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                              *Exhibit 10:  Value Chain Analysis: Diversified chemicals

                              *Exhibit 11:  Offerings of vendors included in the market definition

               **3.4 Market outlook: Forecast for 2021 - 2026 

                              *Estimating growth rates for emerging and high-growth markets

                              *Estimating growth rates for mature markets

                              *Exhibit 13:  Global- Market size and forecast 2021 - 2026 ($ million)

                              *Exhibit 14:  Global market: Year-over-year growth 2021 - 2026 (%)

                              *Exhibit 15:  Five forces analysis 2021 - 2026

                              *Exhibit 16: Bargaining power of the buyer

                              *Exhibit 17: Bargaining power of the supplier

                              *Exhibit 18: Threat of new entrants

                              *Exhibit 21: Market condition - Five forces 2021

                              *Exhibit 22 : Application- Market share 2020-2025 (%)

               **5.3 Batteries - Market size and forecast 2021-2026      

                              *Exhibit 25:  Batteries - Market size and forecast 2021-2026 (thousand units)

                              *Exhibit 26:  Batteries - Year-over-year growth 2021-2026 (%)

               **5.4 Ceramics and glass - Market size and forecast 2021-2026   

                              *Exhibit 27:  Ceramics and glass - Market size and forecast 2021-2026 (thousand units)

                              *Exhibit 28:  Ceramics and glass - Year-over-year growth 2021-2026 (%)

               **5.5 Cement and aluminum - Market size and forecast 2021-2026          

                              *Exhibit 29:  Cement and aluminum - Market size and forecast 2021-2026 (thousand units)

                              *Exhibit 30:  Cement and aluminum - Year-over-year growth 2021-2026 (%)

               **5.6 Others - Market size and forecast 2021-2026          

                              *Exhibit 31:  Others - Market size and forecast 2021-2026 (thousand units)

                              *Exhibit 32:  Others - Year-over-year growth 2021-2026 (%)

                              *Exhibit 33:  Market opportunity by Application

                              *Technavio's customer landscape matrix comparing Drivers or price sensitivity, Adoption lifecycle, importance in customer price basket, Adoption rate and Key purchase criteria

                              *Exhibit 35:  Market share by geography 2021-2026 (%)

               **7.3 APAC - Market size and forecast 2021-2026             

                              *Exhibit 37:  APAC - Market size and forecast 2021-2026 (thousand units)

                              *Exhibit 38:  APAC - Year-over-year growth 2021-2026 (%)

               **7.4 North America - Market size and forecast 2021-2026          

                              *Exhibit 39:  North America - Market size and forecast 2021-2026 (thousand units)

                              *Exhibit 40:  North America - Year-over-year growth 2021-2026 (%)

               **7.5 Europe - Market size and forecast 2021-2026         

                              *Exhibit 41:  Europe - Market size and forecast 2021-2026 (thousand units)

                              *Exhibit 42:  Europe - Year-over-year growth 2021-2026 (%)

               **7.6 ROW - Market size and forecast 2021-2026             

                              *Exhibit 43:  ROW- Market size and forecast 2021-2026 (thousand units)

                              *Exhibit 44:  ROW - Year-over-year growth 2021-2026 (%)

                              *Exhibit 46:  Market opportunity by geography (thousand units)

                              *8.1.1    High demand from developing countries

                              *8.1.2    Increasing demand for lithium-ion batteries

                              *8.1.3    Increasing use of lithium carbonate for numerous applications

                              *8.2.1    Shortage of EV charging stations

                              *Exhibit 47:  Impact of drivers and challenges

                              *8.3.1    Rise in the number of partnerships

                              *8.3.2    Capacity expansions to accelerate market growth

                              *8.3.3    Growing use of renewable energy

                              *Exhibit 52: ?Market positioning of vendors?

                              *Exhibit 52:  Albemarle Corp. - Overview

                              *Exhibit 53:  Albemarle Corp. - Business segments

                              *Exhibit 54:  Albemarle Corp. - Key offerings

                              *Exhibit 55:  Albemarle Corp. - Segment focus

               **10.4 AMG Advanced Metallurgical Group NV  

                              *Exhibit 56:  AMG Advanced Metallurgical Group NV - Overview

                              *Exhibit 57:  AMG Advanced Metallurgical Group NV - Business segments

                              *Exhibit 58:  AMG Advanced Metallurgical Group NV - Key offerings

                              *Exhibit 59:  AMG Advanced Metallurgical Group NV - Segment focus

                              *Exhibit 60:  Bacanora Lithium Plc - Overview

                              *Exhibit 61:  Bacanora Lithium Plc - Product and service

                              *Exhibit 62:  Bacanora Lithium Plc - Key offerings

                              *Exhibit 63:  Eramet Group - Overview

                              *Exhibit 64:  Eramet Group - Business segments

                              *Exhibit 65:  Eramet Group - Key offerings

                              *Exhibit 66:  Eramet Group - Segment focus

                              *Exhibit 67:  European Metals Holdings - Overview

                              *Exhibit 68:  European Metals Holdings - Business segments

                              *Exhibit 69:  European Metals Holdings - Key offerings

                              *Exhibit 70:  Galaxy Resources Ltd. - Overview

                              *Exhibit 71:  Galaxy Resources Ltd. - Business segments

                              *Exhibit 72:  Galaxy Resources Ltd. - Key offerings

                              *Exhibit 73:  Galaxy Resources Ltd. - Segment focus

                              *Exhibit 74:  Ganfeng Lithium Co. Ltd. - Overview

                              *Exhibit 75:  Ganfeng Lithium Co. Ltd. - Business segments

                              *Exhibit 76:  Ganfeng Lithium Co. Ltd. - Key offerings

                              *Exhibit 77:  Ganfeng Lithium Co. Ltd. - Segment focus

                              *Exhibit 78:  GFS Chemicals Inc. - Overview

                              *Exhibit 79:  GFS Chemicals Inc. - Product and service

                              *Exhibit 80:  GFS Chemicals Inc. - Key offerings

                              *Exhibit 81:  International Lithium Corp. - Overview

                              *Exhibit 82:  International Lithium Corp. - Product and service

                              *Exhibit 83:  International Lithium Corp. - Key offerings

                              *Exhibit 84:  Leverton Clarke Ltd. - Overview

                              *Exhibit 85:  Leverton Clarke Ltd. - Product and service

                              *Exhibit 86:  Leverton Clarke Ltd. - Key offerings

               **11.2 Currency conversion rates for US$            

                              *Exhibit 87: Currency conversion rates for US$?

                              *Exhibit 89:Validation techniques employed for market sizing?

About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected] Website: www.technavio.com/

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