Market Overview:
The global lithium hydroxide 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 hydroxide from various applications such as lubricants, consumer electronics, traffic and others. Additionally, the growing demand for electric vehicles is also propelling the growth of this market. However, volatility in prices of raw materials used in manufacturing lithium hydroxide may restrain the growth of this market to some extent during the forecast period. On basis of type, industrial grade segment is expected to hold major share in global Lithium Hydroxide Market followed by battery grade and other type segments respectively during forecast period .On basis on application ,Lubricants segment is anticipated witness highest CAGR over next 10 years owing rising demand for eco-friendly lubricants across globe .
Product Definition:
Lithium hydroxide is a white, odorless solid that is soluble in water. It can be used to produce lithium carbonate, which is used in the production of lithium batteries. Lithium hydroxide is also used as an absorbent for gases and vapors.
Industrial Grade:
Industrial grade is a high purity form of lithium hydroxide that has been processed to remove impurities and is used as an ingredient in the manufacturing of glass, ceramics, and other industrial products. It can also be used as a de-icing agent for roadways during adverse weather conditions.
Battery Grade:
Battery grade is a product that is used in lithium hydroxide market. It’s an intermediate chemical which acts as a precursor for manufacturing battery cell and battery packs. Battery grade can be segmented into two types on the basis of its usage in the lithium hydroxide market, namely “Primary Battery Grade” and “Secondary Battery Grade”.
Application Insights:
The consumer electronics segment accounted for a revenue share of over 30% in 2017. The growth can be attributed to the growing demand for smartphones and laptops across the globe. Increasing disposable income has also positively influenced the market growth. Growing usage of lithium hydroxide in manufacturing batteries is expected to drive demand over the forecast period, especially from China, which is one of the largest producers and consumers of such batteries globally.
Traffic application was estimated as one of the major applications owing to its rising use in friction products such as brake pads, clutch plates and transmission components among others worldwide since its introduction about 100 years ago.
Regional Analysis:
Asia Pacific dominated the global lithium hydroxide market in 2017 and is expected to continue its dominance over the forecast period. The presence of key manufacturers such as Panasonic, Sanyo, and Samsung coupled with rising demand from end-use industries such as consumer electronics, automotive and others are some of the major factors contributing to regional growth.
The growing adoption of electric vehicles across various countries including China, India, South Korea has increased the demand for lithium ion batteries which in turn is anticipated to drive industry growth over the forecast period. In addition Lithium Ion battery prices have been declining steadily which has resulted into an increase in their applications across several end-use sectors thereby driving regional growth.
North America accounted for a significant share owing to increasing R&D activities on energy storage devices along with rising government support aimed at reducing carbon footprint associated with conventional fossil fuel based power plants leading to an increase in renewable energy projects thus positively influencing industry growth over the projected period.
Growth Factors:
- Increasing demand for lithium ion batteries in electric vehicles and portable electronics
- Growing demand from the glass and ceramics industries
- Rising production of aluminum-lithium alloys
- Growing use of lithium hydroxide in pharmaceuticals and other industrial applications
- Limited global supply of lithium, which is expected to drive prices higher
Scope Of The Report
Report Attributes
Report Details
Report Title
Lithium Hydroxide Market Research Report
By Type
Industrial Grade, Battery Grade, Other
By Application
Lubricants, Consumer Electronics, Traffic, Others
By Companies
FMC, SQM, Rockwood, Simbol, Tianqi Lithium, Jiangxi Ganfeng Lithium, Zhonghe, GRM, HAOXIN LIYAN, General Lithium
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Lithium Hydroxide Market Report Segments:
The global Lithium Hydroxide market is segmented on the basis of:
Types
Industrial Grade, Battery Grade, Other
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
Lubricants, Consumer Electronics, Traffic, 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:
- FMC
- SQM
- Rockwood
- Simbol
- Tianqi Lithium
- Jiangxi Ganfeng Lithium
- Zhonghe
- GRM
- HAOXIN LIYAN
- General Lithium
Highlights of The Lithium Hydroxide 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:
- Industrial Grade
- Battery Grade
- Other
- By Application:
- Lubricants
- Consumer Electronics
- Traffic
- 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 Hydroxide 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 hydroxide is a white, odorless, crystalline solid that is used in manufacturing batteries and other electronic devices. It is also used as a food additive and in water treatment.
Some of the major players in the lithium hydroxide market are FMC, SQM, Rockwood, Simbol, Tianqi Lithium, Jiangxi Ganfeng Lithium, Zhonghe, GRM, HAOXIN LIYAN, General Lithium.
The lithium hydroxide market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Lithium Hydroxide Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Lithium Hydroxide Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Lithium Hydroxide Market - Supply Chain
4.5. Global Lithium Hydroxide Market Forecast
4.5.1. Lithium Hydroxide Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Lithium Hydroxide Market Size (000 Units) and Y-o-Y Growth
4.5.3. Lithium Hydroxide Market Absolute $ Opportunity
5. Global Lithium Hydroxide Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Lithium Hydroxide Market Size and Volume Forecast by Type
5.3.1. Industrial Grade
5.3.2. Battery Grade
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Lithium Hydroxide Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Lithium Hydroxide Market Size and Volume Forecast by Application
6.3.1. Lubricants
6.3.2. Consumer Electronics
6.3.3. Traffic
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Lithium Hydroxide Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Lithium Hydroxide Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Lithium Hydroxide Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Lithium Hydroxide Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Lithium Hydroxide Demand Share Forecast, 2019-2026
9. North America Lithium Hydroxide Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Lithium Hydroxide Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Lithium Hydroxide Market Size and Volume Forecast by Application
9.4.1. Lubricants
9.4.2. Consumer Electronics
9.4.3. Traffic
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Lithium Hydroxide Market Size and Volume Forecast by Type
9.7.1. Industrial Grade
9.7.2. Battery Grade
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Lithium Hydroxide Demand Share Forecast, 2019-2026
10. Latin America Lithium Hydroxide Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Lithium Hydroxide Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Lithium Hydroxide Market Size and Volume Forecast by Application
10.4.1. Lubricants
10.4.2. Consumer Electronics
10.4.3. Traffic
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Lithium Hydroxide Market Size and Volume Forecast by Type
10.7.1. Industrial Grade
10.7.2. Battery Grade
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Lithium Hydroxide Demand Share Forecast, 2019-2026
11. Europe Lithium Hydroxide Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Lithium Hydroxide Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Lithium Hydroxide Market Size and Volume Forecast by Application
11.4.1. Lubricants
11.4.2. Consumer Electronics
11.4.3. Traffic
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Lithium Hydroxide Market Size and Volume Forecast by Type
11.7.1. Industrial Grade
11.7.2. Battery Grade
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Lithium Hydroxide Demand Share, 2019-2026
12. Asia Pacific Lithium Hydroxide Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Lithium Hydroxide Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Lithium Hydroxide Market Size and Volume Forecast by Application
12.4.1. Lubricants
12.4.2. Consumer Electronics
12.4.3. Traffic
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Lithium Hydroxide Market Size and Volume Forecast by Type
12.7.1. Industrial Grade
12.7.2. Battery Grade
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Lithium Hydroxide Demand Share, 2019-2026
13. Middle East & Africa Lithium Hydroxide Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Lithium Hydroxide Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Lithium Hydroxide Market Size and Volume Forecast by Application
13.4.1. Lubricants
13.4.2. Consumer Electronics
13.4.3. Traffic
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Lithium Hydroxide Market Size and Volume Forecast by Type
13.7.1. Industrial Grade
13.7.2. Battery Grade
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Lithium Hydroxide Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Lithium Hydroxide Market: Market Share Analysis
14.2. Lithium Hydroxide Distributors and Customers
14.3. Lithium Hydroxide Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. FMC
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SQM
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Rockwood
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Simbol
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Tianqi Lithium
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Jiangxi Ganfeng Lithium
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Zhonghe
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. GRM
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. HAOXIN LIYAN
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. General Lithium
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
