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Lithium hydroxide is a compound formed of the white, soft metal lithium bound to a hydroxide group with the formula LiOH. It is commercially available in anhydrous form free of chemical bonds to water, though it is a hygroscopic chemical by nature that is also sold in monohydrate form as LiOH H2O. The compound is used in a variety of industries with popular commercial demands for it in the manufacture of lithium batteries and as lithium hydroxide monohydrate to make lubricating greases.
Market Analysis and Insights: Global Lithium Hydroxide Market
Due to the COVID-19 pandemic, the global Lithium Hydroxide market size is estimated to be worth US$ 589.3 million in 2022 and is forecast to a readjusted size of US$ 1078.6 million by 2028 with a CAGR of 10.6% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Industrial Grade accounting for % of the Lithium Hydroxide global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Lubricants segment is altered to an % CAGR throughout this forecast period.
Global major companies profiled in the Lithium Hydroxide market include FMC, SQM, Rockwood, etc. Global top 3 companies account for nearly 50% of market share.
North America is the largest consumption region, which accounts for nearly 45% of the total share. It is followed by China and occupies for over 35% of the total. Besides, Europe, Japan and other regions also play important role in consumption market.
In terms of product, Battery Grade is the largest segment. And based on application, there are Lubricants, Consumer Electronics, Traffic and so on.
Global Lithium Hydroxide Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Lithium Hydroxide Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Industrial Grade
Battery Grade
Others
Segment by Application
Lubricants
Consumer Electronics
Traffic
Others
By Company
FMC
SQM
Rockwood
Simbol
Tianqi Lithium
Jiangxi Ganfeng Lithium
Zhonghe
GRM
HAOXIN LIYAN
General Lithium
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Market Analysis and Insights: Global Lithium Hydroxide Market
Due to the COVID-19 pandemic, the global Lithium Hydroxide market size is estimated to be worth US$ 589.3 million in 2022 and is forecast to a readjusted size of US$ 1078.6 million by 2028 with a CAGR of 10.6% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, Industrial Grade accounting for % of the Lithium Hydroxide global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Lubricants segment is altered to an % CAGR throughout this forecast period.
Global major companies profiled in the Lithium Hydroxide market include FMC, SQM, Rockwood, etc. Global top 3 companies account for nearly 50% of market share.
North America is the largest consumption region, which accounts for nearly 45% of the total share. It is followed by China and occupies for over 35% of the total. Besides, Europe, Japan and other regions also play important role in consumption market.
In terms of product, Battery Grade is the largest segment. And based on application, there are Lubricants, Consumer Electronics, Traffic and so on.
Global Lithium Hydroxide Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Lithium Hydroxide Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
Industrial Grade
Battery Grade
Others
Segment by Application
Lubricants
Consumer Electronics
Traffic
Others
By Company
FMC
SQM
Rockwood
Simbol
Tianqi Lithium
Jiangxi Ganfeng Lithium
Zhonghe
GRM
HAOXIN LIYAN
General Lithium
Production by Region
North America
Europe
China
Japan
Consumption by Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Asia-Pacific
China
Japan
South Korea
India
Australia
Taiwan
Indonesia
Thailand
Malaysia
Philippines
Vietnam
Latin America
Mexico
Brazil
Argentina
Frequently Asked Questions
This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.
- By product type
- By End User/Applications
- By Technology
- By Region
The report provides a detailed evaluation of the market by highlighting information on different aspects which include drivers, restraints, opportunities, and threats. This information can help stakeholders to make appropriate decisions before investing.
