Global Automotive Lithium Market 2022-2027

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    GLOBAL AUTOMOTIVE LITHIUM MARKET

     

    INTRODUCTION

    Lithium with an atomic number of 3, is a versatile mineral with several applications. It is utilised in the production of aeroplanes as well as some batteries.

     

    It is also used in the field of mental health: Lithium carbonate is a frequent medication for bipolar disorder, helping to moderate the illness’s rapid mood fluctuations. In many respects, lithium is a unique mineral. It is light and flexible, can indeed be sliced with just a kitchen knife, and it has a very low density that it floats on water.

     

    It is also strong over a broad range of temperatures, with one of the lowest melting points as well as a high boiling point among all elements.

     

    Lithium constitutes just 0.0007 percent of the Earth’s crust and is exclusively discovered in minerals and salts. Lithium-ion batteries have recently begun to somehow be employed in a variety of automobile passenger transportation applications.

     

    With their most basic scenario, lithium-ion cells are composed of a graphite anode, a lithium metal oxide cathode, as well as an electrolyte made up of a lithium salt and also an organic solvent.

     

    Considering its high working voltage and big standard electrode potential, lithium is indeed an excellent choice for an electrochemical cell.

     

    infographic: Automotive Lithium Market, Automotive Lithium Market Size, Automotive Lithium Market Trends, Automotive Lithium Market Forecast, Automotive Lithium Market Risks, Automotive Lithium Market Report, Automotive Lithium Market Share

    A lithium-ion battery inside an automobile application is made up of tens to thousands of individual cells that are bundled together to give the necessary voltages, performance, and endurance.

     

    Individual cells are typically installed into a number of modules, which are subsequently integrated into the rechargeable battery as a whole.

     

    GLOBAL AUTOMOTIVE LITHIUM MARKET DEVELOPMENTS AND INNOVATIONS

    S No Overview of Development Development Detailing Region of Development Possible Future Outcomes
    1 High lithium costs start to feed into prices of China EV batteries Soaring costs of materials such as lithium and nickel used to make electric vehicle batteries are starting to feed through into prices of these batteries in China Global Scale This would enhance better Technologies and production

     

    GLOBAL AUTOMOTIVE LITHIUM MARKET DYNAMICS

    Numerous nations nowadays have set binding carbon dioxide emissions objectives for automobiles; for example, in Europe, fleet averaged Emission factors are required to be 130 g/km in 2015 and 95 g/km in 2021.

     

    This has been demonstrated by employing a lithium-ion battery that may greatly reduce a car’s CO2 emissions. As a result, more lithium-ion batteries are indeed being employed in transportation components. Battery packs in passenger vehicles can be used for a variety of purposes.

     

    To tackle climate change, the globe is transitioning to electric automobiles. Nevertheless, there are several ambiguities. The expansion of the electric vehicle fleets as well as the battery capacity needs per automobile are critical issues.

     

    Batteries and automakers have already been making significant investments in lowering the costs of manufacturing and recycling electric-vehicle (EV) battery packs, fueled in effect with government subsidies and the anticipation of future restrictions.

     

    National research foundations have also established institutes to investigate improved ways to manufacture and recycle battery packs.

     

    As it is still cheaper to extract metal than to recycle them in most cases, developing ways to recover precious metals inexpensively enough to compete with freshly mined metals is a crucial objective.

    Infographic: Global Automotive Lithium Market,   Global Automotive Lithium Market Size,   Global Automotive Lithium Market Trends,    Global Automotive Lithium Market Forecast,    Global Automotive Lithium Market Risks,   Global Automotive Lithium Market Report,   Global Automotive Lithium Market Share

    Even during the planning horizon, Asia-Pacific is predicted to develop at a rapid pace. Nevertheless, instances such as India removing and cutting incentives for the purchase of electric cars, as well as the US government pulling back various restrictions linked to the environment including poor air quality, may hamper the nation’s overall growth.

     

    The expense of electric and hybrid vehicles, as well as a lack of charging stations, could stymie business expansion in developing markets, since cost-conscious buyers find traditional IC engine automobiles inexpensive.

     

    GLOBAL AUTOMOTIVE LITHIUM MARKET SEGMENTATION

    The Global Automotive Lithium Market can be segmented into following categories for further analysis.

    By Application

    • Passenger Vehicles
    • Commercial Vehicles
    • Industrial Vehicles
    • Military Vehicles

     

    By Product Type

    • Battery Pack Systems
    • Ignition Battery Systems
    • Semiconductor Residual Energy Systems
    • Idle Stop Systems

     

    By Technology Focus Type

    • Lithium-Ion Battery
    • Lithium Iron Phosphate Battery
    • Lithium Manganese Oxide Battery
    • Lithium Nickel Manganese Cobalt Battery

     

    By Regional Classification

    • Asia Pacific Region – APAC
    • Middle East and Gulf Region
    • Africa Region
    • North America Region
    • Europe Region
    • Latin America and Caribbean Region

     

    RECENT TECHNOLOGICAL TRENDS IN GLOBAL AUTOMOTIVE LITHIUM MARKET

    With discharging, lithium batteries travel from the negative electrode towards the positively charged electrode via an electrolyte, as well as vice versa while recharging.

     

    Li-ion battery packs employ an intercalated lithium compound as the positively working electrode and commonly graphite as that of the negatively working electrode. These battery packs are high in energy content, would have had no memory effect, and also have a low self-discharge rate.

     

    Furthermore, because lithium-ion batteries contain additional power than lead-acid batteries, it is feasible to make the battery smaller and lighter while maintaining the very same storage space.

     

    In comparison to conventional batteries such as lead-acid and nickel-metal hydride, the vehicle lithium-ion battery has developed as an ecologically friendly, sustainable source of energy.

     

    The automobile battery which has been in practically each car for the previous 100 years is known as starting lighting injection. This would be commonly referred to as a 12 V power supply, however its usual voltage when being used in the automobile and being charged by the alternator is closer to 14 V.

     

    This is really a lead-acid battery in practically all contemporary manufacturing automobiles, however there are a handful that now utilise a lithium-ion battery as benchmark or as an alternative.

     

    Where the lithium-ion pack may not be able to give enough energy to crank the engines, a traditional lead-acid battery, and also a lithium-ion battery for usage in freezing temperatures, is employed.

     

    Numerous idle stopping technologies automatically handle the car’s alternator, for instance, using that to create maximum power as the automobile slows down, providing a small degree of regenerative braking capabilities; those same systems are commonly referred to as mini hybrids.

     

    COMPETITIVE LANDSCAPE

    Fossil fuels such as gasoline and diesel are depleting and causing significant exhaust emissions. Since policymakers and customers seek new energies and an improved gas economy, new sources of power, like battery packs, are emerging.

     

    Lithium-ion renewable technology is cutting-edge, and this is being utilised in electric and hybrid vehicles of the long term. Lithium-ion batteries are significantly lighter compared to earlier battery technologies.

     

    Many nations are making efforts to reduce their reliance on petroleum products such as gasoline and diesel for transportation as R&D activity and governmental monetary support expand.

     

    Nissan has been playing a major role in contributing towards newer and better battery technology in the industrial operating environment. Nissan has really been concentrating upon lithium-ion battery research and released the first LEAF in 2010 as a pioneer of mass-produced EVs.

     

    The Ni-Co-Mn positive electrode material seems to have a layered architecture, which increases batteries storage capacity by providing for the retention of a large number of lithium ions.

     

    The battery capacity warranty ensures 160,000 km or 8 years due to its exceptional longevity and dependability. For the first time, the 2019 LEAF e+ has a revolutionary modular construction that helps choose the number of cells.

     

    The overall length of the module is reduced by using welding processes to link cells and allows for optimal battery module shape.

     

    Albemarle is also a leading developer of the lithium focused technology in the market. Albemarle is working to create improved lithium materials that will enable breakthrough levels of lithium-ion battery performance.

     

    The UniMelt plasma method creates novel chemical pathways for lithium material development. For example, converting a typical 16-GWh battery cathode production plant to 6K’s UniMelt technology will cut CO2 emissions by 70%, water use by 90%, and wastewater generation by 100% despite needing a 50% reduced manufacturing footprints.

     

    The capabilities of lithium/sulphur and lithium/air technology have been demonstrated. They are presently being developed for usage in mobile gadgets and mobility propelled propulsion. To meet the demands of this next iteration of lithium technologies, emerging materials are being developed.

     

    COMPANIES PROFILED

     

    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in theIndustry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2022-2027
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2022-2027
    19 Market Segmentation, Dynamics and Forecast by Application, 2022-2027
    20 Market Segmentation, Dynamics and Forecast by End use, 2022-2027
    21 Product installation rate by OEM, 2022
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2022
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix

     

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