The North America lithium compound market reached a volume of 64,200 Tons in 2018. Lithium is a silvery-white alkali metal, which is stored in mineral oil owing to its highly reactive and flammable nature. As a result of its corrosive nature in moist air, lithium never occurs freely. Both lithium and its compounds find several industrial applications in the production of batteries, steel and aluminum, heat-resistant glass and ceramics, grease lubricants, flux additives, automotive parts, etc. The lithium compound market in the region is being driven by the rising demand for lithium-ion batteries for devices such as laptops, mobile phones and calculators. Moreover, recent advances in the lithium battery technology has expanded its application from the healthcare sector for cardiac pacemakers to military operations for thermal batteries.

The North America lithium compound market is currently being driven by several factors. A majority of the population in the region depends on electronic gadgets, like smartphones, tablets and laptops, for communication along with other daily activities. As a result, they consistently upgrade these devices, in turn, supporting the growth of the lithium compound market. Moreover, the implementation of the Paris Agreement has stimulated the demand for electric vehicles in the region, in order to mitigate greenhouse gas (GHG) emissions. This is impacting the market positively as electric vehicles employ lithium compound products in the form of a major component. Apart from this, the booming construction sector has led to an escalated demand for different types of glass and ceramics, thereby bolstering the growth of the industry. Further, expanding application of lithium-ion batteries across the healthcare and automotive sectors is also providing a thrust to the market growth. Looking forward, IMARC Group expects the market to reach a volume of 87,520 Tons by 2024, registering a CAGR of 5.3% during 2019-2024.


Report Scope:

North America Lithium compound Market

Key Regions Analysed
United States
Canada
Mexico

Analysis for Each Country

Market by Type
Lithium Carbonate
Lithium Hydroxide
Lithium Concentrate
Lithium Metal
Lithium Chloride
Butyllithium
Others

Market by End-Use
Batteries
Glass and Glass Ceramics
Automotive Parts
Greases
Metallurgy
Polymer
Air Treatment
Others

Value Chain Analysis
Key Drivers and Challenges
Porters Five Forces Analysis
PESTEL Analysis
Government Regulations
Competitive Landscape
Competitive Structure
Key Player Profiles

Key questions answered in this report:

How has the North America lithium compound market performed so far and how will it perform in the coming years?
What are the key regions in the North America lithium compound market?
What is the breakup of the North America lithium compound market on the basis of type?
What is the breakup of the North America lithium compound market on the basis of end-use?
What are the various stages in the value chain of the North America lithium compound industry?
What are the key driving factors and challenges in the North America lithium compound industry?
What is the structure of the North America lithium compound industry and who are the key players?
What is the degree of competition in the North America lithium compound industry?
What are the profit margins in the North America lithium compound industry?

Report Coverage:

Base Year Considered: 2018
Historical Data Coverage: 2013-2018
Market Forecast: 2019-2024
Geography Covered: North America, United States, Canada and Mexico
Segments Covered: Type and End-Use

Report Customization: Although IMARC has tried to cover everything in the North America lithium compound market landscape, we believe that every stakeholder may have their own specific needs. In view of this, we provide up to 20-man hours of free customization for each report.