Lithium Hydroxide (LiOH) is widely used as an industrial lubricant, and in battery manufacturing. The compound is mainly consumed for production of lithium greases such as lithium stearate, which is very popular lubricating grease and offers high thermal resistance. In battery industry, it is incorporated as a heat transfer medium and for the purpose of storage battery electrolyte. Due to indispensable usage of lithium hydroxide in these industries, and difficulty in manufacturing and sourcing, the products commands significantly high prices and is sold at prices between US$ 6000 – US$ 8000 per ton. The lack of supply and booming demand is expected to continue push prices towards higher end. Moreover, many new capacity additions from prominent suppliers is also anticipated over the forecast period. The global demand for lithium hydroxide is expected to expand with a decent CAGR over the forecast period.
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Crucial information and forecast statistics, in terms of value and volume, covered in the Lithium Hydroxide market report will arm both existing and emerging market players with necessary insights to craft long-term strategies as well as maintain business continuity during a crisis such as the ongoing COVID-19 pandemic.
COVID-19 Impact Analysis
The recent outbreak of the COVID-19 has adversely affected various markets in the chemicals & materials industry. The Lithium Hydroxide market is no different. Products which are deemed ‘essential’ continue to experience significant sales, while non-essential chemicals and raw materials faced a sharp decline in demand.
Following government’s measures, particularly social distancing norms and stay-at-home orders, companies operating in the Lithium Hydroxide market have put their production on a halt. Additionally, movement restrictions and supply chain disruptions have created a logistical nightmare for market players, leading to severe product shortages in the global marketplace.
The FMI’s report includes an interesting chapter on preliminary impact of the COVID-19 on the Lithium Hydroxide market. This allows both leading and emerging market players to understand the market scenario during a crisis and aids them in making sound decisions to gain a distinct competitive edge.
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Lithium Hydroxide Market: Segmentation
Valuable information covered in the FMI’s Lithium Hydroxide market report has been segregated into key segments and sub-segments.
On the basis of application
- Lubricant Greases
- Glass and Ceramics
- Chemical Synthesis
On the basis of end use industry,
- Energy Storage
- Consumer Electronics
Lithium Hydroxide Market: Competition Analysis
The FMI’s study presents a comprehensive analysis of global, regional, and country-level players active in the Lithium Hydroxide market. Competitive information detailed in the Lithium Hydroxide market report has been based on innovative product launches, distribution channels, local networks, industrial penetration, production methods, and revenue generation of each market player. Furthermore, growth strategies and mergers & acquisitions (M&A) activities associated with the players are enclosed in the Lithium Hydroxide market report.
Key players covered in the report include:
- FMC Corporation
- Albemarle Lithium
- Jiangxi Ganfeng Lithium
- Shandong Ruifu Lithium
- Leverton Lithium
- Sichuan Brivo lithium Materials Co. ltd.
- Jiangxi Dongpeng New Materials Co. ltd
Important Questions Answered in the Lithium Hydroxide Market Report
- Which end user remains the top revenue contributor in different regional markets?
- At what rate has the global Lithium Hydroxide market been expanding during the forecast period?
- How will the global Lithium Hydroxide market look like by the end of the forecast period?
- What innovative strategies are adopted by Lithium Hydroxide market players to stay ahead of the pack?
- What are the restraints affecting the growth of the global Lithium Hydroxide market?
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Key Offerings of the Report
- Growth Drivers and Opportunities: Comprehensive analysis on growth-driving factors and opportunities for market players in different regional markets
- Recent Trends and Forecasts: Detailed assessment on the latest trends, technological developments, and forecasts for a 5-year or 10-year period.
- Segmental Analysis: Extensive analysis on each segment and factors differentiating the role of these segments in market revenue forecasts and growth rate analysis
- Regional Market Forecast: Thorough analysis of each regional market to arm stakeholders with necessary information to take critical decisions
- Competitive Landscape: All-inclusive insights on both leading and emerging players vying for a slice of the Lithium Hydroxide market