• The global lithium market size is projected to reach USD 8.24 billion by the end of 2027. The increasing investments in lithium extraction methods have opened up a flexible applications scope. According to a report published by Fortune Business Insights, titled “Lithium Market Size, Share & COVID-19 Impact Analysis, By Product (Carbonate, Hydroxide, Others), By Application (Batteries, Glass & Ceramics, Lubricant, Medical, Polymers, Metallurgy, Others), and Geography Forecast, 2020-2027,” the market was worth USD 4.09 billion in 2019 and will exhibit a CAGR of 9.2% during the forecast period, 2020-2027.

    Lithium is a chemical element that is present in natural substances such as rocks. The material is approved for use in several industry verticals, including chemical, electrical, healthcare, and automotive. Accounting to the exceptional properties of lithium, it has been excessively used in applications that require high efficiency as well as durability. The properties such as resistance to external factors and low cost of the product cater to flexible applications. The increasing applications and subsequently rising demand for the product across the world will bode well for the growth of the overall lithium market in the coming years. Moreover, the presence of several large scale companies in several countries across the world will emerge in favor of the growth of the global market.

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    https://www.fortunebusinessinsights.com/lithium-market-104052
    The global lithium market size is projected to reach USD 8.24 billion by the end of 2027. The increasing investments in lithium extraction methods have opened up a flexible applications scope. According to a report published by Fortune Business Insights, titled “Lithium Market Size, Share & COVID-19 Impact Analysis, By Product (Carbonate, Hydroxide, Others), By Application (Batteries, Glass & Ceramics, Lubricant, Medical, Polymers, Metallurgy, Others), and Geography Forecast, 2020-2027,” the market was worth USD 4.09 billion in 2019 and will exhibit a CAGR of 9.2% during the forecast period, 2020-2027. Lithium is a chemical element that is present in natural substances such as rocks. The material is approved for use in several industry verticals, including chemical, electrical, healthcare, and automotive. Accounting to the exceptional properties of lithium, it has been excessively used in applications that require high efficiency as well as durability. The properties such as resistance to external factors and low cost of the product cater to flexible applications. The increasing applications and subsequently rising demand for the product across the world will bode well for the growth of the overall lithium market in the coming years. Moreover, the presence of several large scale companies in several countries across the world will emerge in favor of the growth of the global market. Click here to get the short-term and long-term impact of COVID-19 on this market. Please visit: https://www.fortunebusinessinsights.com/lithium-market-104052
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    Lithium Market Size, Share & Trends | Industry Report [2027]
    The global lithium market size was USD 4.09 billion in 2019 and is projected to reach USD 8.24 billion by 2027, exhibiting a CAGR of 9.2% during the forecast period.
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