Market Overview:
The global lithium chloride market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for lithium chloride from various applications such as medical, industry, electronics, automotive and others. Lithium chloride is used as a raw material in various industries such as pharmaceuticals, agrochemicals and others. It is also used in manufacturing of ceramics and glassware.
Product Definition:
A white, crystalline salt, LiCl is used as a flux in the production of aluminum and magnesium alloys and as a desiccant. Lithium chloride also is employed in organic synthesis and as a lithium source in batteries.
Lithium Chloride Hydrate:
Lithium Chloride Hydrate, commonly known as LiCl3.H2O is a hygroscopic crystalline compound of lithium and chlorine with an odor similar to that of salt. It's appearance is white and monoclinic in shape. It has a very high melting point compared to its density which makes it ideal for use in battery electrodes or any application where high temperature is required.
Anhydrous Lithium Chloride:
Anhydrous lithium chloride (LiCl) is a white crystalline compound and is an inorganic compound. It has a similar structure to that of table salt (NaCl). However, the main difference between them being, LiCl has only one chlorine atom while NaCl has three. The anhydrous form of the compound consists of monoclinic needles or rhombic crystals having a melting point higher than that of table salt but lower than that of ice lithium chloride.
Application Insights:
The industry application segment accounted for the largest market share in 2017 and is projected to witness significant growth over the forecast period. The industrial sector primarily uses lithium chloride as a cleaning agent, which is used in various industries including oil & gas, power generation, aerospace and defense. It is also used in manufacturing batteries for electric vehicles and energy storage systems. Lithium chloride finds applications as an electrolyte material in solid-state cells that are utilized in portable electronics such as smartphones among others owing to its high conductivity property. Increasing demand from other end-use sectors such as medical devices and consumer electronics are expected to augment industry growth during the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The presence of key manufacturers, low labor costs, availability of land for manufacturing facilities and proximity to raw material suppliers are some major factors contributing toward regional growth. China is one of the largest producers as well as consumers of lithium products globally owing to growing demand from end-use industries such as automotive, consumer electronics and others.
The U.S., being a mature market with high disposable income has largely shifted its focus towards developing electric vehicles on account of rising environmental concerns regarding carbon footprints caused by gasoline-powered vehicles.
Europe was estimated at USD X million in 2017.
Growth Factors:
- Increasing demand for lithium chloride in various end-use industries such as glass, ceramics, and pharmaceuticals
- Growing demand for lithium chloride from the emerging economies of Asia Pacific and Latin America
- Rising production of lithium ion batteries and other energy storage devices
- Increasing use of lithium chloride in water treatment applications
- Growing popularity of LiCl-based salt blends for deicing
Scope Of The Report
Report Attributes
Report Details
Report Title
Lithium Chloride Market Research Report
By Type
Lithium Chloride Hydrate, Anhydrous Lithium Chloride
By Application
Medical, Industry, Electronics, Automotive, Others
By Companies
Sqm, FMC Corp, Albemarle Corp, Jiangxi Ganfeng Lithium, Leverton-Clarke, Kurt J. Lesker, American Elements, Harshil Industries, Huizhi Lithium Energy, Tianqi Lithium, Sqm, Jiangxi Dongpeng New Materials
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
221
Number of Tables & Figures
155
Customization Available
Yes, the report can be customized as per your need.
Global Lithium Chloride Market Report Segments:
The global Lithium Chloride market is segmented on the basis of:
Types
Lithium Chloride Hydrate, Anhydrous Lithium Chloride
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Medical, Industry, Electronics, Automotive, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sqm
- FMC Corp
- Albemarle Corp
- Jiangxi Ganfeng Lithium
- Leverton-Clarke
- Kurt J. Lesker
- American Elements
- Harshil Industries
- Huizhi Lithium Energy
- Tianqi Lithium
- Sqm
- Jiangxi Dongpeng New Materials
Highlights of The Lithium Chloride Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Lithium Chloride Hydrate
- Anhydrous Lithium Chloride
- By Application:
- Medical
- Industry
- Electronics
- Automotive
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Lithium Chloride Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Lithium chloride is a white, crystalline solid that is used in manufacturing batteries and other electronic devices. It is also used as an agricultural chemical to control pests.
Some of the major companies in the lithium chloride market are Sqm, FMC Corp, Albemarle Corp, Jiangxi Ganfeng Lithium, Leverton-Clarke, Kurt J. Lesker, American Elements, Harshil Industries, Huizhi Lithium Energy, Tianqi Lithium, Sqm, Jiangxi Dongpeng New Materials.
The lithium chloride market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Lithium Chloride Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Lithium Chloride Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Lithium Chloride Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Lithium Chloride Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Lithium Chloride Market Size & Forecast, 2018-2028
4.5.1 Lithium Chloride Market Size and Y-o-Y Growth
4.5.2 Lithium Chloride Market Absolute $ Opportunity
Chapter 5 Global Lithium Chloride Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Lithium Chloride Market Size Forecast by Type
5.2.1 Lithium Chloride Hydrate
5.2.2 Anhydrous Lithium Chloride
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Lithium Chloride Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Lithium Chloride Market Size Forecast by Applications
6.2.1 Medical
6.2.2 Industry
6.2.3 Electronics
6.2.4 Automotive
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Lithium Chloride Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Lithium Chloride Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Lithium Chloride Analysis and Forecast
9.1 Introduction
9.2 North America Lithium Chloride Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Lithium Chloride Market Size Forecast by Type
9.6.1 Lithium Chloride Hydrate
9.6.2 Anhydrous Lithium Chloride
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Lithium Chloride Market Size Forecast by Applications
9.10.1 Medical
9.10.2 Industry
9.10.3 Electronics
9.10.4 Automotive
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Lithium Chloride Analysis and Forecast
10.1 Introduction
10.2 Europe Lithium Chloride Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Lithium Chloride Market Size Forecast by Type
10.6.1 Lithium Chloride Hydrate
10.6.2 Anhydrous Lithium Chloride
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Lithium Chloride Market Size Forecast by Applications
10.10.1 Medical
10.10.2 Industry
10.10.3 Electronics
10.10.4 Automotive
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Lithium Chloride Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Lithium Chloride Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Lithium Chloride Market Size Forecast by Type
11.6.1 Lithium Chloride Hydrate
11.6.2 Anhydrous Lithium Chloride
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Lithium Chloride Market Size Forecast by Applications
11.10.1 Medical
11.10.2 Industry
11.10.3 Electronics
11.10.4 Automotive
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Lithium Chloride Analysis and Forecast
12.1 Introduction
12.2 Latin America Lithium Chloride Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Lithium Chloride Market Size Forecast by Type
12.6.1 Lithium Chloride Hydrate
12.6.2 Anhydrous Lithium Chloride
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Lithium Chloride Market Size Forecast by Applications
12.10.1 Medical
12.10.2 Industry
12.10.3 Electronics
12.10.4 Automotive
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Lithium Chloride Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Lithium Chloride Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Lithium Chloride Market Size Forecast by Type
13.6.1 Lithium Chloride Hydrate
13.6.2 Anhydrous Lithium Chloride
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Lithium Chloride Market Size Forecast by Applications
13.10.1 Medical
13.10.2 Industry
13.10.3 Electronics
13.10.4 Automotive
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Lithium Chloride Market: Competitive Dashboard
14.2 Global Lithium Chloride Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sqm
14.3.2 FMC Corp
14.3.3 Albemarle Corp
14.3.4 Jiangxi Ganfeng Lithium
14.3.5 Leverton-Clarke
14.3.6 Kurt J. Lesker
14.3.7 American Elements
14.3.8 Harshil Industries
14.3.9 Huizhi Lithium Energy
14.3.10 Tianqi Lithium
14.3.11 Sqm
14.3.12 Jiangxi Dongpeng New Materials
