Lithium Compound Market Analysis by Size, Share, Demand & Growth by 2034
Li-ion or lithium batteries are one of the most prominent sources of value for the lithium compound market. With batteries in various fields, including cars and aircraft, their sale is propping up the lithium compound market. Greases and lubricants, other essentials in the automobile industries, are also helping the market’s growth. The lithium compound industry is slated to have a valuation of US$ 11.8 billion in 2024. The market’s progress is anticipated to be extraordinary from 2024 to 2034, with a CAGR of 21.3% . The market is forecasted to attain a valuation of US$ 81.5 billion by 2034. Other industries also contribute to the upward trajectory of the lithium compound market. Ceramics is one prominent industry where lithium compounds are pushing the market forward. Glass manufacturing is another avenue where lithium compound demand is getting propagated. Lithium compound is making waves in the medical field on a rapid basis. Medications use lithium compounds to increas