(EMAILWIRE.COM, August 18, 2023 ) As per Maximize Market research, the total global market for “Lithium Metal Market” was USD 2071.5 Mn in 2022 and is expected to grow at a CAGR of 20.7 percent over the forecast period to reach USD 7723.7 Mn by 2029

Lithium Metal Market Report Scope and Research Methodology

The report on the Lithium Metal Market presents an intricate amalgamation of secondary and primary data, meticulously curated to guarantee its accuracy and credibility. It provides an all-encompassing analysis that traverses the realms of current, historical, and forthcoming market dynamics, encompassing a spectrum of opportunities and driving forces.

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Lithium Metal Market Dynamics

The lithium metal market is predominantly fueled by the surging demand for lithium-ion batteries, which find extensive application in electric vehicles (EVs), energy grid storage, and diverse electronic devices. The proliferation of battery usage, particularly within the EV and energy storage sectors, has catalyzed the need for lithium and, in turn, has driven the lithium metal market.

Lithium Metal Market Regional Insights

North America holds a prominent position in the lithium metal market, primarily propelled by the contributions of the United States and Canada. The region is experiencing a mounting requirement for lithium metal, attributed to the burgeoning electric vehicle sector.

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Lithium Metal Market Segmentation:

By Source

Salt Lake Brine
Lithium Ores
By Application

Lithium-ion Anode Material
Alloy
Intermediates
Others
By End-User

Batteries
Metal Processing
Pharmaceutical
Others

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Lithium Metal Market Key Players include:

Albemarle Corporation,
Alpha-En Corporation
American Elements
China Energy Lithium Co., Ltd.,
China Lithium Products Technology Co., Ltd.
CNNC Jianzhong Nuclear Fuel Co., Ltd.
Ganfeng Lithium Co., Ltd.
JSC Chemical Metallurgical Plant

Maximize Market Research, a leading Material & Chemical research firm has also published the following reports:

Lithium Metal Industry- The market size is expected to reach USD 7723.7 Million by 2029 at a CAGR of 20.7 percent during the forecast period.

CF & CFRP Market- The market size is expected to reach USD 74.81 Billion by 2029 at a CAGR of 12.5 percent during the forecast period.

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