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The lithium market size is estimated to grow by 1,066.47 thousand tons at a CAGR of 25% between 2022 and 2027. The market expansion is driven by various factors, including rising demand from a multitude of applications, increasing demand from emerging economies, and heightened demand from sectors such as electric vehicles. However, the industry faces several challenges, including the emergence of substitute products, insufficient recharging infrastructure, and the toxicity associated with lithium hydroxide. To surmount these challenges, market trends such as capacity expansions to fuel market growth, a growing preference for renewable energy, and a rising number of collaborations and research and development initiatives will propel the market forward.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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