Lithium Compounds Market - Forecast(2020 - 2025)
Lithium is the first member of the alkali metal family. It is the lightest of all the metals and the least dense of all solids. The major use of lithium compounds is in rechargeable and non-rechargeable batteries. It is used in wide range of products, including heat-resistant glass, ceramics, and high strength/low weight alloys which are principally utilized in aircraft. Compounds of lithium have also been widely in used in the medical industry to treat bipolar disorder. The Lithium Compounds market is driven by various end-user industries such as li-ion batteries, glass & ceramics and others. The increase in use of portable devices using li-ion batteries, increasing focus of consumer & government agencies towards environmental concerns and converting from fuel-burning cars to electrical vehicles are driving the growth of the market. Lithium compound’s global demand could possibly rise to about XX tons by 2021. Lithium Carbonate is one such compound from which lithium