Growing demand for lithium-based batteries is a major factor driving the lithium market. An overwhelming percentage of rechargeable batteries for electronics utilize lithium. Launch of HEVs powered by lithium based batteries further propel the lithium market. Other major end-use markets include pharmaceuticals and alloys. World lithium demand is expected to reach 15.7 thousand metric tons in 2012.
San Jose, CA (PRWEB) April 21, 2008 -- Lithium finds extensive use in the glass and ceramic industry. The new growth area for lithium is the batteries industry. Lithium has become one of the most widely used materials for the manufacture of batteries ranging from simple primary (single-use) batteries to secondary (rechargeable) batteries. Most of the present day rechargeable batteries are lithium-ion batteries, replacing NiCd and NiMH batteries. Presently, almost all power hungry electronic devices run on Lithium-ion batteries and lithium polymer batteries.
Europe and North America account for nearly 60% of the global lithium market, as stated in a recent report published by Global Industry Analysts, Inc. Consumption of lithium in batteries industry in Asia-Pacific, is expected to grow at a compounded annual rate of nearly 10% over the period 2001-2010. Worldwide consumption of lithium in glass & ceramic industry is estimated at 3 thousand tons.
Major players in the marketplace include BAL_Co, Bikita Minerals, Chemetall GmbH, Chemetall Foote Corporation, FMC Corporation, FMC Lithium, Sociedad Quimica Y Minera De Chile and Tantalum Mining Corporation.
"Lithium: A Global Strategic Business Report", published by Global Industry Analysts, Inc., provides product profile, mergers and acquisitions, recent developments, profiles of major players and other strategic industry activities. Analysis is presented for major geographic markets such as US, Canada, Japan, France, Germany, Italy, the UK, Spain, Russia, Asia-Pacific, Middle East and Latin America. Analytics for the period 1991 through 2015 are provided in terms of end use segments including glass & ceramic, aluminum smeltering, synthetic rubber & pharmaceuticals, chemical manufacturing & miscellaneous chemicals, lubricants and batteries.
For more details about this research report, please visit
http://www.strategyr.com/Lithium_Market_Report.asp
About Global Industry Analysts, Inc.
Global Industry Analysts, Inc., (GIA) is a reputed publisher of off-the-shelf market research. Founded in 1987, the company is globally recognized as one of the world's largest market research publishers. The company employs over 700 people worldwide and publishes more than 880 full-scale research reports each year. Additionally, the company also offers a range of over 60,000 smaller research products including company reports, market trend reports, and industry reports encompassing all major industries worldwide.
Global Industry Analysts, Inc.
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Email press @ StrategyR.com
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