Lithium Hydroxide Market 2021 Outlook, Current and Future Industry Landscape Analysis 2026

Market OverviewLithium 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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Global Lithium Hydroxide Market: Drivers and Restraints

Rapid economic development across prominent Asian Countries is driving more demand for multi-purpose grease, hence in turn fuelling more revenues in the global lithium hydroxide market. Rising industrializations is another prominent factor evoking demand for power tools, which requires NCA cathode, made from lithium hydroxide. Moreover, the rise of electric vehicles is undoubtedly fuelling big numbers to the consumption of lithium hydroxide, and is anticipated to continuously drive more demand for lithium hydroxide. Rapidly growing automotive industry coupled with the advent of electric vehicles can be considered as the prime factor disrupting the price dynamics in the global lithium hydroxide market. Moreover, rising solar PV installations across the globe and the need to store more and more power, is fuelling the battery storage market, simultaneously driving revenues to the lithium hydroxide stakeholders.

Global Lithium Hydroxide Market: Region Wise Outlook

The global Lithium Hydroxide market is segmented into the seven key regions: North America, Latin America, Western Europe, and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). The APEJ region is projected to be the largest market for lithium hydroxide consumption, followed by North America, Western Europe and Japan. Rapidly growing power industry of Asia Pacific and increasing penetration of more and more manufacturing companies in the region, are the prime factor driving more demand for lithium hydroxide in the region. The setting up of Tesla Gigafactory in the US is another prime factor driving demand in the North American market. The Latin America and MEA are at a nascent considering the demand for lithium hydroxide, however the regions are projected to pose significant growth rate over the forecast period. Japan on the other hand is anticipated to continue driving more demand for lithium hydroxide, amid rising solar industry in the region.

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Global Lithium Hydroxide Market: Key Players

  • SQM
  • FMC Corporation
  • Albemarle Lithium
  • Jiangxi Ganfeng Lithium
  • Shandong Ruifu Lithium
  • Leverton Lithium
  • Sichuan Brivo lithium Materials Co. ltd.
  • Jiangxi Dongpeng New Materials Co. ltd

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geography, technology and applications.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Technology
  • Value Chain

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Regional analysis includes

  • North America (U.S., Canada)
  • Latin America (Brazil, Mexico, Rest Of Latin America)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia, Rest Of Eastern Europe)
  • Asia Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • Middle East and Africa (GCC countries, S. Africa, N. Africa, Rest Of MEA)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

Global Lithium Hydroxide Market: Segmentation

On the basis of application

  • Batteries
  • Lubricant Greases
  • Glass and Ceramics
  • Chemical Synthesis

On the basis of end use industry,

  • Energy Storage
  • Consumer Electronics
  • Transportation
  • Others

Report Highlights:

  • Detailed overview of parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint.

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