Lepidolite Market 2016 Share, Trend, Segmentation and Forecast Lepidolite Market - Global Industry Analysis, Size

Lepidolite Market - Global Industry Analysis,
Size, Share, Growth, Trends, and Forecast 2016
- 2026
Lepidolite is a hard mica mineral composed of lithium, potassium, and aluminum
silicates. It is usually violet colored mineral; however, it can be yellow or grey
depending upon the quantity of lithium and other trace elements. Lepidolite is an
ore of lithium; thus, it is a precursor for lithium production. The mineral has pearly
texture, and is significantly used in jewelry due to its vibrant colors and appearance.
Lepidolite is also known as a healing crystal; it is believed to reduce stress and bring
prosperity. Therefore, demand for this mineral is high. Lepidolite is also employed as
heat insulator in the industrial sector. The mineral is largely found in Brazil, the U.S.,
Russia, and several countries in Africa.
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Lepidolite is significantly used in the production of lithium metal. Lithium is the
lightest metal, which is employed in the manufacture of ultra-lightweight lithium ion
and lithium polymer batteries for hybrid cars, mobile phones, laptops, and other
portable devices. Rise in disposable income coupled with expansion of the middle
class is expected to propel the demand for consumer goods. This, in turn, is
anticipated to drive the lepidolite market during the forecast period. Increase in
demand for high efficiency and lightweight storage batteries in several applications
such as electronics, automotive, and aerospace is estimated to fuel the demand for
lepidolite. Lepidolite is largely used in the industrial sector due to its beneficial
thermal insulation properties. The stone also has substantial use for mineralogy and
geological research. Thus, development in geological research is estimated to
propel the lepidolite market during the forecast period. However, the composition of
lepidolite varies significantly from one region to another. An ore with low amount of
lithium is not feasible for lithium extraction. This is projected to hamper the
lepidolite market in the near future.
Based on end-use, the lepidolite market can be segmented into manufacturing,
jewelry, and research. Manufacturing is the key end-use segment of the lepidolite
market due to the high demand for lithium in automotive, electronics, and
aerospace battery applications. The jewelry segment also holds substantial share of
the lepidolite market, as the mineral is attractive, lustrous, and vibrantly colored.
Based on application, the lepidolite market can be divided into specimen, thermal &