Lithium market to reach $ 8.24 bn by 2027

The global lithium market size is projected to reach $8.24 billion by the end of 2027. The increasing investments in lithium extraction methods have opened up a flexible application scope. According to a report published by Fortune Business Insights, titled “Lithium Market Size, Share & COVID-19 Impact Analysis, By Product (Carbonate, Hydroxide, Others), By Application (Batteries, Glass & Ceramics, Lubricant, Medical, Polymers, Metallurgy, Others), and Geography Forecast, 2020-2027,” the market was worth $4.09 billion in 2019 and will exhibit a CAGR of 9.2% during the forecast period, 2020-2027.

Source: Global News Wire