The demand within the global market for rechargeable poly lithium-ion batteries has been increasing at a rapid pace over the past years
The demand within the global market for rechargeable poly lithium-ion batteries has been increasing at a rapid pace over the past years. This trend of ascending demand can be attributed to a range of factors include growth of electronics industry, durability of lithium batteries, and easy manufacturing of these batteries.
Furthermore, the demand within the global market for poly lithium-ion batteries has also seen an upsurge due to the creation of better and advanced manufacturing units for these batteries.
These batteries consist of lithium-ions stacked together in a pouch-like framework; these ions charge from positive anodes to negative terminals when the battery is being charged and the other way round when the battery is functioning. Poly lithium-ion batteries are used in electric vehicles, PCs, consumer gadgets, hybrid electric vehicles, and digital cameras.
This has played a major role in enhancing growth of the global market for poly lithium-ion batteries and is expected to retain a regular demand inflow over the future. A report added by Crystal Market Reports (CMR) addresses a host of factors that have led to the growth of the global market for rechargeable lithium-ion batteries.
The global short bowel syndrome market is to reach a valuation of US$3.39 Billion by the end of 2025
A non-functional small intestine can result in malabsorption and this disorder is referred to as short bowel syndrome (SBS). The principal symptom is diarrhea, which can lead to dehydration, malnutrition, and weight loss. This disorder can either be inherited or acquired; the latter condition is primarily observed in patients with nearly half the small intestine removed due to an underlying disease condition. Favorable reimbursements offered by governments account for one of the key driving factors of the market, especially in regions such as North America.
As per the report by Crystal Market Reports, the global short bowel syndrome market is expected to grow at a CAGR of 30.4% to reach a valuation of US$3.39 Billion by the end of 2025, as compared to $312.7 Million in 2016. The percentage of diagnosis has been comparatively low for short bowel syndrome due to the rarity of this disease. In addition, approved drugs for SBS are not easily available across the globe, which has resulted in a significant pool of unmet clinical needs.
Current trends are expected to propel growth of the global lithium market over the forecast period
Thanks to the limited availability of fuel, electric cars are gaining momentum globally, which in turn driving growth of the global lithium market. Due to high demand for lithium-ion batteries, numerous lithium manufacturers have entered in to manufacture of lithium-ion battery.
For instance, Lithium Australia’s subsidiary VSPC Ltd has started production of lithium-iron-phosphate (LFP) battery cathode from its newly commissioned pilot plant. Distribution of cathode samples from this pilot plant is anticipated to start from by the end of 2018. This new entrants in the market are intensifying competition.
Lithium is mainly used during production of glass ceramics owing to its durability. It can lower firing temperature and thermal expansion which increases the strength of ceramic products such as heat-proof ceramic cookware. The lithium-ion batteries are employed in hybrid cars and electric cars for its better battery backup. These trends are expected to propel growth of the global lithium market over the forecast period.