Global and China Lithium Titanate Industry Size And Share 2013-2016 Research Report Available Online

ALBANY, N.Y. - Sept. 24, 2013 - PRLog -- Featured with high safety, long service life and quick charge, lithium titanate batteries are deemed the first choice as car lithium batteries. It is expected that the global demand for lithium titanate batteries will embrace explosive growth. According to the development planning of leading lithium titanate battery producers worldwide, the worldwide demand for lithium titanate batteries will hit 21,500 tons as of 2016. Against the backdrop, enterprises from the US, Japan, and China poured their investment successively and have launched market layout in advance to seize the market share. Among these, Chinese enterprises are the most impressive.

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Compared with the US and Japan, China lithium titanate industry starts later, but develops rapidly. At present, both the number and the capacity of Chinese lithium titanate enterprises have far above those of the US and Japan, making China the world’s largest lithium titanate producer. The major contributing reason to the boom of China lithium titanate industry lies in the preferential policies as well as the establishment of supporting industries.

In China, enterprises like Yinlong Energy and Tiankang Group have set up lithium titanate battery capacity expansion projects which will offer sufficient power to fuel China lithium titanate market in the future. The estimation shows that China’s demand for lithium titanate batteries will approximate 15,000 tons by 2016.