Lewes, DE -- (SBWIRE) -- 04/20/2015 -- Report forecast the Global Lithium market to grow at a CAGR of 11.12 percent over the period 2014-2019.

Lithium is a chemical element used for psychiatric medication and is recovered from three types of deposits: brines, pegmatites, and sedimentary rocks. It is extracted from brines in the form of lithium chloride. These brines are found mostly in salt flats or salt lakes. One of the commercially exploited hard rock minerals is spodumene. Lithium and its derivative compounds are used in many applications such as batteries, ceramics and glass, lubricants, metallurgical, air treatment, polymers, and other applications.

The Global Lithium market can be segmented based on type into Lithium Carbonate, Lithium Hydroxide, Lithium Concentrate, Lithium Metal, Butyl-lithium, Lithium Chloride, and Other Lithium Compounds.

According to the report, the use of lithium batteries in portable devices is the major contributor to the market growth. The demand for small portable and hand-held electronic devices has led to the proliferation of rechargeable lithium-ion batteries.

Further, the report states that the high investment cost for capacity expansion is one of the major challenges for the market. Technical expertise and training of personnel require additional expenses. In addition, expansion and building new production facilities require long-term investment in infrastructure such as transportation, community housing, water, and energy sources.

The Global Lithium Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the Americas, APAC, Europe, and MEA; it also covers the Global Lithium market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market.

Key players in the Global Lithium Market: FMC Corp., Rockwood Lithium GmbH, Sociedad Quimica y Minera de Chile SA (SQM) and Talison Lithium Pty Ltd

Other Prominent Vendors in the market are: A123 System, Aben Resources, Advanced Metallurgical Group, ADY Resources, Albemarle, Altura Mining, Amerilithium, Artemis Resources, AusAmerican Mining, Avalon Rare Metals, China MinMetals Non-Ferrous Metals, Critical Elements, Ener1, EnerDel, First Potash, Fujian Huamin Import & Export, GA Yuasa, Galaxy Resources, Glen Eagle Resources, GS Yuasa, Hitachi, International Lithium, Jiangxi Ganfeng Lithium, Keliber, LG Chem, Li3 Energy, Lithium Americas, Lomiko Metals, Marifil Mines, Mitsubishi Chemical, Nemaska Lithium, Nortec Minerals, Orocobre, Panasonic, Perilya, Qinghai Salt Lake Industry, Reward Minerals, Rock Tech Lithium, Rodinia Lithium, Samsung SDI, Sichuan Ni&Co Guorun New Materials, Sichuan Tianqi Lithium Shareholding, Simbol Materials, TDK and Toshiba

Key Regions
- Americas
- APAC
- Europe
- MEA

Market Driver
- Use of Lithium Batteries in Portable Devices
- For a full, detailed list, view our report

Market Challenge
- High Investment Cost for Capacity Expansion
- For a full, detailed list, view our report

Market Trend
- Production of Electric Vehicles and Hybrid Vehicles
- For a full, detailed list, view our report

Key Questions Answered in this Report
- What will the market size be in 2019 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 93 pages, "Global Lithium Market 2015-2019" report covers Executive Summary, List of Abbreviations, Scope of the Report, Market Research Methodology, Introduction, Market Landscape, Global Lithium Market, Market Segmentation by Type, Market Segmentation by Application, Geographical Segmentation, Key Leading Countries, Buying Criteria, Market Growth Drivers, Drivers and their Impact, Market Challenges, Impact of Drivers and Challenges, Market Trends, Trends and their Impact, Vendor Landscape, Key Vendor Analysis.

For further information on this report, please visit- http://www.marketresearchreports.com/technavio/global-lithium-market-2015-2019

Find all Specialty Chemicals Reports at: http://www.marketresearchreports.com/specialty-chemicals

About Market Research Reports, Inc.
Market Research Reports, Inc. is the world's leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.

For regular industry updates subscribe to our newsletter at: http://www.marketresearchreports.com/subscribe-to-newsletter