Lithium Hydroxide market recent developments, emerging technologies and industry forecast to 2027

Lithium Hydroxide (LiOH) is an inorganic compound that is insoluble in water and partially soluble in ethanol. It is commercially available as a monohydrate (LiOH.H2O) and in anhydrous form, both of which are strong bases. On the basis of purity level, it is also available in battery grade and technical grade. Lithium hydroxide is manufactured by means of a metathesis reaction between calcium hydroxide and lithium carbonate and it finds extensive use in battery manufacturing and as an industrial lubricant. Owing to improved properties of lithium hydroxide, as compared to other concentrates, it is mostly preferred in new battery technologies. Besides, there is a potential market for lithium hydroxide in rechargeable battery manufacturing. The compound is also majorly used in production of industrial greases such as lithium stearate, a popular lubricating grease that offers excellent thermal resistance.

However, owing to its indispensable use in these industries along with difficulties in sourcing and manufacturing, the compound is available at significantly high prices. Furthermore, the supply-demand gap prevalent in the industry due to lack of supply and growing demand is expected to further push prices upwards. Lithium hydroxide on being heated produces toxic fumes which act as potential restraint for the market growth.  According to CMI analysis, the worldwide demand for lithium hydroxide is forecast to expand at a healthy rate in the foreseeable future.

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Top Key Players in Lithium Hydroxide  market: FMC, Corporation, Sociedad, Quimica, Minera, (SQM), Jiangxi, Ganfeng, Lithium, Albemarle, Lithium, Shandong, Ruifu, Lithium, Jiangxi, Dongpeng, New, Materials, Co., ltd., Sichuan, Brivo, lithium, Materials, Co., ltd., Leverton, Lithium, Rockwood, Tianqi, Lithium, etc.

Regional Analysis:

The market research report on the global Lithium Hydroxide market offers complete analysis across various regions around the globe. The report contains detailed country-level analysis, market revenue, market value and forecast analysis for the following countries and regions: Geographically, the comprehensive analysis of ingestion, revenue and Market share and growth speed, historical and forecast (2021-2027) of these regions are covered:

  • North America (the United States, Canada, and Mexico)
  • Europe (Germany, France, UK, Russia, and Italy)
  • Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
  • South America (Brazil, Argentina, etc.)
  • Middle East & Africa (Saudi Arabia, Egypt, Nigeria, and South Africa)

Rapid economic development in countries such as China and India is expected to drive demand for multi-purpose grease, which in turn, is expected to fuel revenue growth in the global lithium hydroxide market. Also, growing industrialization across the world is expected to evoke demand for power tools, which requires NCA cathode, made from lithium hydroxide. Besides, rising global demand for electric vehicles is anticipated to boost consumption of lithium hydroxide over the forecast period (2016-2024). Furthermore, rising solar PV installations across the world coupled with an increasing demand for high storage capacity batteries is driving the lithium hydroxide market, and simultaneously driving revenues for existing stakeholders. The market is governed by various regulatory bodies such as International Civil Aviation Organization (ICAO), Technical Instructions and corresponding International Air Transportation Association (IATA), Dangerous Goods Regulations and International Maritime Dangerous Goods (IMDG) Code, with regulations mainly pertaining to transportation of primary lithium.

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Lithium Hydroxide Market Outlook – Rapid industrialization coupled with growing battery storage market to fuel demand for lithium hydroxide in emerging economies

Rapid economic development in countries such as China and India is expected to drive demand for multi-purpose grease, which in turn, is expected to fuel revenue growth in the global lithium hydroxide market. Also, growing industrialization across the world is expected to evoke demand for power tools, which requires NCA cathode, made from lithium hydroxide. Besides, rising global demand for electric vehicles is anticipated to boost consumption of lithium hydroxide over the forecast period (2016-2024). Furthermore, rising solar PV installations across the world coupled with an increasing demand for high storage capacity batteries is driving the lithium hydroxide market, and simultaneously driving revenues for existing stakeholders. The market is governed by various regulatory bodies such as International Civil Aviation Organization (ICAO), Technical Instructions and corresponding International Air Transportation Association (IATA), Dangerous Goods Regulations and International Maritime Dangerous Goods (IMDG) Code, with regulations mainly pertaining to transportation of primary lithium.

Influence of the Lithium Hydroxide  Market report:

  • Comprehensive assessment of all opportunities and risks in the Lithium Hydroxide Market.
  • Lithium Hydroxide Market recent innovations and major events.
  • A detailed study of business strategies for the growth of the Lithium Hydroxide Market market-leading players.
  • Conclusive study about the growth plot of Lithium Hydroxide Market for forthcoming years.
  • In-depth understanding of Lithium Hydroxide Market, market-particular drivers, constraints, and major micro markets.
  • Favorable impression inside vital technological and market latest trends striking the Lithium Hydroxide Market.

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