Lithium Market to Reach US$ 7.28 Bn by 2026 at Healthy 10.7% CAGR; Rising Demand for Electric Vehicles to Drive Market - TMR
A popular strategy among nimble players in the global lithium market is expanding their footprints in the under tapped developing economies.
- A popular strategy among nimble players in the global lithium market is expanding their footprints in the under tapped developing economies.
- Another noticeable trend in the global lithium market is the focus of players, particularly the deep-pocketed ones, on strategic acquisitions.
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A research study by Transparency Market Research on the global lithium market finds that it would rise at a healthy 10.7% CAGR during the forecast duration beginning in 2018 and ending in 2026. - Majorly fuelling the global lithium market is the surging sales of electric vehicles such as plug-in hybrid electric vehicles (PHEVs), hybrid electric vehicles (HEVs), and pure battery electric vehicles (BEVs).