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Global Lithium Compounds Market Research Report (2021 to 2026)
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Global Lithium Compounds Market Research Report (2021 to 2026)
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The lithium market is poised to grow by 55.66 th MT during 2020-2024 progressing at a CAGR of 11% during the forecast period.
The market is driven by the surge in demand from diversified applications, rise in demand from developing countries and increased demand from the EVs industry.
The report on lithium market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The lithium market analysis includes application segment and geographical landscapes.
fmiFebruary 18, 2021
Impact of COVID-19 on Chemicals & Materials Industry
COVID-19 pandemic has caused severe impact on the global economy at various levels and the impact is seen on Chemicals & Materials market as well. The market growth declined drastically during the lockdown when the manufacturing units experienced shutdowns and a dearth in raw materials supply and absence of human resources Owing to the ongoing crisis caused by the pandemic, the production, and supply chain activities have seen a minor slump. However, the market is likely to set on a path of regaining as the economy starts to stabilize.
Future Market Insights has adopted multi-disciplinary approach to shed light on the advancement of the Lithium Bromide Market during the recorded period. The study presents a profound plunge into the current growth dynamics and their major avenues in the estimation year of 2020, with key prospects over the forecast period 2021 to 2031.