Lithium Carbonate Market Analysis During 2020-2030

At present, the global Li2CO3 market is expanding at a CAGR of 11.1%.

Lithium Carbonate Market Analysis During 2020-2030
November 1, 2022
https://borates.today/lithium-carbonate-drug-information-and-facts/

Lithium carbonate (Li2CO3) is used in the production of lithium-ion battery cathodes and electrolytes.

These batteries are frequently used in electric vehicles because they have a higher energy density than other battery types.The automotive industry is refocusing its efforts to create environmentally responsible and fuel-efficient vehicles.

The demand for electric vehicles is anticipated to increase due to the increasingly strict government rules addressing pollution levels.This is anticipated to have a positive impact on the growth of the Li2CO3 market over the next few years.

Fact about Lithium Carbonate Global Market:

• The strongest market historically, according to market trends, was in North America. Over the historical period, East Asia, South Asia, and Oceania have advanced at a rate of about 9% CAGR.
• Over 70% of the whole global supply of Li2CO3 is supplied by the top three market players, SQM, Albemarle, and Livent.
• According to the Mst Access report, 5E Advanced Materials (FEAM) is looking into several ways to recover lithium from the wastewaters of the Fort Cady included boron production.
• In 2022, according to market analysts, there would be a 5,000 mt lithium carbonate equivalent supply deficit.