Lithium Market Size, Growth, Outlook | Forecast Analysis 2028
Lithium Market The Lithium Market is expected to grow at a significant CAGR during the forecast period (2021-2028). The factors driving the growth of Lithium Market includes growing application of lithium in developing grease lubricants, rechargeable batteries, steel & aluminum production grid storage. Moreover, the increasing demand for electric and hybrid vehicles, rising technological innovations in mobile phones and digital cameras and the continuous expansion of renewable energy sector, are some of the important factors augmenting the Lithium Market Growth across the globe. As per the data available at Statista, total 607,600 light weighted electric vehicles were sold in the United States in 2021 primarily due to strong demand for Tesla’s Model 3 Sudan, witnessing 83% increase in the total sales as compared to the previous year, which will further boost the Lithium Market Share globally. In addition, the growing environmental concerns about carbon emissions and favora...