The global demand for Lithium Hydroxide Market is presumed to reach the market size of nearly USD 3.71 BN by 2028 from USD 2.21 BN in 2021 with a CAGR of 7.7% under the study period of 2022 - 2028. Regarding volume, the market was calculated XX Ton in 2021 and forecast to touch XX Ton by 2028 with a CAGR of XX% during 2022-2028.
Lithium hydroxide (LiOH,) is a white, crystalline solid that is used for industrial and consumer applications. Lithium hydroxide is produced by the reaction of lithium oxide with water. In industry, lithium hydroxide is used as a strong base for the production of lithium salts, such as lithium carbonate and lithium chloride. It is also used as a component in the lithium-ion batteries production, which are used in electric vehicles (EVs), consumer electronics, and energy storage systems. Lithium hydroxide is also used as a flux in the production of glass and ceramics, and as an active pharmaceutical ingredient in the production of drugs for the treatment of mood disorders, such as bipolar disorder. Lithium hydroxide has a number of advantages over other alkaline materials, including its high reactivity, high solubility in water, and high thermal stability, which make it usable for many industrial applications.
Market Dynamics
The demand for electric vehicles (EVs) is driving the demand for lithium hydroxide, as it is used in the production of lithium-ion batteries used in EVs. Lithium hydroxide is also used in the production of energy storage systems, such as stationary batteries, which are becoming increasingly important as the world shifts towards renewable energy sources. This is driving the demand for lithium hydroxide in the market. Lithium hydroxide is used as a flux in the production of glass and ceramics. The expansion of these industries is driving the demand for lithium hydroxide in the market. Lithium hydroxide is used as an active pharmaceutical ingredient in the production of drugs for mood disorders, such as bipolar disorder treatment. The increasing demand for these drugs is driving the demand for lithium hydroxide in the market.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of lithium hydroxide. The growth and trends of Lithium Hydroxide Industry provide a holistic approach to this study.
Market Segmentation
This section of the lithium hydroxide market report provides detailed data on the segments by analyzing them at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Purity Type
By Form
By Packaging Type
By Application
- Li-Ion Batteries
- Lubricating Grease
- Glass And Ceramics
- Dye
- Carbon Dioxide Scrubber
- Other
By End-Use
- Transportation
- Electronic Devices
- Nuclear
- Chemical
- Metallurgy
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Lithium Hydroxide market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Lithium Hydroxide Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the lithium hydroxide market include SQM, FMC Corporation, Albemarle Lithium, Jiangix Ganfeng Lithium, Shandong Ruifu Lithium, Leverton Lithium, Sichuan Brivo lithium Materials Co. ltd., Jiangxi Dongpeng New Materials Co. ltd., Ganfeng Lithium Co. ltd., HELM AG, Haoxim Liyan, Brivo, Vulcan, Standard Lithium Ltd and Others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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