In a recent research report by Maximize Market Research, the Lithium Fluoride Market is expected to surpass volume of 74.67 kMT-LCE million by the year 2027, from 157 kMT-LCE million in 2020.
In recent years, FDI’s and governments have invested huge capital in the electric & hybrid cars. As a result, lithium fluoride based batteries demand is expected to rise at an exponential rate. For instance,
- In February 2021, the Delhi government started the process to set up 100 vehicle battery charging points across the state to push adoption of electric vehicles.
- In January 2021, Fiat Chrysler Automobiles (FCA) announced an investment of US$ 250 million to expand its local product line-up in India.
- A cumulative investment of ~Rs. 12.5 trillion (US$180 billion) in vehicle production and charging infrastructure would be required until 2030 to meet India’s electric vehicle (EV) ambitions.
- In January 2021, Lamborghini announced it is aiming to achieve sales in India higher than the 2019-levels, after recovering from pandemic-induced disruptions.
- In January 2021, Tesla, the electric car maker, set up a R&D centre in Bengaluru and registered its subsidiary as Tesla India Motors and Energy Private Limited.
Despite a huge decline in the sales of products during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 11.2%, during the tenure of 2021 – 2027.
The Asia Pacific region held second largest share of xx% in 2020. As a result of increased technological innovation in Japan and China the primary drivers driving regional market thanks to the growth in the pharmaceutical & automobile industries.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of Lithium Fluoride in the region, the Value – Chain analysis, and the PORTER’s analysis for the Lithium Fluoride market at a global level.
As enterprises were driven to adopt a remote working culture during the epidemic, digitization and automation in security monitoring and threat detection gained traction. XDR systems assist security analysts drastically minimise the time spent on repetitive tasks, training, and giving support by delivering real-time security and workflow management features.
The study is consolidated on the basis of segments and further into sub-segments by Application (Precursor to LiPF6 for batteries, in molten salts, Optics, Radiation detectors,
Nuclear reactors, Cathode for PLED and OLEDs, Natural occurrence, Others) Product Type (Powder, Granule) Type (98%, 99%, 99.9%), End-Use (Glass & Optics Industries, Electronic & electrical industries, Nuclear Industry, Others)
Lastly, the market research report provides a regional comparison and a complete country level analysis for the latest trends, along with the major key players– Crystran Ltd, FMC, Rockwood, American Elements, Leverton Clarke, Ekhande Agro Fertilizers Pvt. Ltd., Axiom Chemicals, Jiangxu Ganfeng Lithium, Harshil Fluoride Brivo Lithium, Eagle Picher Technologies, Huizhi Lithium Energy, Axiom Chemicals Pvt. Ltd., Intelligent Materials Pvt. Ltd., Madras Fluorine Private Ltd., Alpha Chemika, and Others.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Lithium Fluoride Market.”
https://www.maximizemarketresearch.com/market-report/global-lithium-fluoride-market/119466/
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