The report gives a clear image of the current Lithium Hydroxide Market scenario and the expected future of the industry. The report focuses on market drivers, restraints, growth, trends, and the forecast for the period from 2020 to 2025. Besides, the report also represents the market performance by value chain analysis which will help to provide better product differentiation along with the analysis of each segment regarding opportunity, market attractiveness index and growth rate.
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.
Lithium hydroxide monohydrate is used in lubricants, consumer electronics, traffic and others. Report data showed that 57.87% of the lithium hydroxide monohydrate market demand in lubricants, 20.84% in traffic in 2015. With the development of economy, these industries will need more lithium hydroxide monohydrate. So, lithium hydroxide monohydrate has a huge market potential in the future. Manufacturers engaged in the industry are trying to produce high quality lithium hydroxide monohydrate through improving manufacturing process. It is predicted that high quality lithium hydroxide monohydrate will become the mainstream product in the future.
According to this study, over the next five years the Lithium Hydroxide market will register a 11.0% CAGR in terms of revenue, the global market size will reach US$ 280 million by 2024, from US$ 150 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Lithium Hydroxide business, shared in Chapter 3.
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The key manufacturers covered in this report:
- FMC
- Rockwood Lithium
- Simbol
- SQM
- Tianqi Lithium
Segmentation by product type:
- Industrial Grade
- Battery Grade
- Other
Segmentation by application:
- Lubricants
- Consumer Electronics
- Traffic
- Others
This report also splits the market by region:
• Americas
• United States
• Canada
• Mexico
• Brazil
• APAC
• China
• Japan
• …….
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Research objectives
- To study and analyze the global Lithium Hydroxide consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
- To understand the structure of Lithium Hydroxide market by identifying its various subsegments.
- Focuses on the key global Lithium Hydroxide manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Lithium Hydroxide with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Lithium Hydroxide submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.
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Other Reports by DecisionDatabases.com:
2018-2023 Global Lithium Hydroxide Monohydrate Consumption Market Report @ https://www.decisiondatabases.com/ip/28811-lithium-hydroxide-monohydrate-consumption-market-analysis-report
Global Lithium Hydroxide for Battery Market Growth 2018-2023 @ https://www.decisiondatabases.com/ip/39590-lithium-hydroxide-for-battery-market-analysis-report
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