Lithium Market to Show At Par Growth Due to COVID-19 Spread During 2020-2024 | Research Report from Technavio

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The lithium market is expected to grow by 55.66 thousand MT during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the lithium market in optimistic, probable, and pessimistic forecast scenarios.

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The lithium market will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth is likely to decrease as compared to 2019.

With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the next normal.

This post-pandemic business planning research will aid clients to:

  • Adjust their strategic planning to move ahead once business stability kicks in.
  • Build Resilience by making effective resource and investment choicesfor individual business units, products, and service lines.
  • Conceptualize scenario-based planning to mitigate future crisis situations.

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Key Considerations for Market Forecast:

  • Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
  • Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
  • Pre- as well as post-COVID-19 market estimates
  • Quarterly impact analysis and updates on market estimates

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Major Three Lithium Market Participants:

Albemarle Corp.

Albemarle Corp. operates business through various segments such as Lithium, Bromine Specialties, and Catalysts. The company offers lithium and lithium derivatives.

Altura Mining Ltd.

Altura Mining Ltd. operates business through various segments such as Lithium mining, Exploration services, and Mineral exploration. The company offers the Altura Lithium Mine, a hard-rock lithium operation, located at Pilgangoora in Western Australia.

Avalon Advanced Materials Inc.

Avalon Advanced Materials Inc. operates business through the Unified segment. The company offers Lithium.

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown:

Lithium Market 2020-2024: Segmentation

The lithium market is segmented as below:

  • Application
    • Batteries
    • Ceramics And Glass
    • Grease
    • Polymer
    • Others
  • Geography
    • APAC
    • North America
    • Europe
    • South America
    • MEA

The lithium market is driven by the surge in demand from diversified applications. In addition, other factors such as the increase in R&D activities are expected to trigger the lithium market toward witnessing a CAGR of over 11% during the forecast period.

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Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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SOURCE: Technavio Research

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200


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The MarketWatch News Department was not involved in the creation of this content.