Lithium Mining Market Set for Staggering Performance Through 2025; EVs Play Out as Key Catalyst - Seite 2

Demand Surges as Lithium Applications Extend

Besides, lithium consumption continues to record strong growth in volume within the various other application segments in air generation such as miners, submarines, space vehicles, and safety devices. High thermal resistance and excellent performance that lithium offers make it an ideal material to be used in cooling and dehumidification applications. Increasing installations of absorption chillers by end users such as educational institutes, spas and wellness centres, shopping malls, and hospitals will thus drive lithium demand, giving a solid impetus to lithium mining market players.

Lithium sales targeting consumer electronics industry are particularly driving the North American market, whereas escalating demand from batteries, lubricants, glass, and air conditioning equipment sectors is fuelling the market in Asia Pacific.

In Order to place the Purchase Query Click Here: [e-mail] 

Australia Reigns Supreme in Production; Setback in the Lithium Triangle Continues

Australia, the largest home to concentrated deposits of this white metal, secures more than 50% share in global production of lithium, which was recorded at around 77,000.0 metric tons in 2019. China stands tall as the next largest market, says the report. On other hand, the Lithium Triangle (Chile-Argentina-Bolivia), despite having voluminous reserves, continues to flunk when it comes to contributing to the global production volume. This is attributable to severe water shortages that lead to greater complications during lithium extraction across the entire cluster, which is preventing these markets from demonstrating their full potential in global marketplace.

Some of the top players in lithium mining market that are profiled in report, include Ganfeng Lithium Co., Ltd., Albemarle Corporation, SQM S.A., Mineral Resources, Tianqi Lithium, Lithium Americas Corp., Orocobre Limited Pty Ltd., and Livent.

About Us

Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

Contact

Fairfield Market Research
London, UK
UK [phone] 
USA [phone] (Toll-free)
Email: [e-mail] 
Follow us on LinkedIn: https://bit.ly/3voYIm9

Logo: https://mma.prnewswire.com/media/1419764/Fairfield_Market_Research_Logo.jpg