Lithium Hexafluorophosphate Market Research Report Information by Applications (Automotive Industries, Ceramic Industries, Chemical Industries & Others) - Forecast to 2032

Lithium Hexafluorophosphate Market Overview

Study Objectives of Lithium Hexafluorophosphate Market

· To provide detailed analysis of the market structure along with forecast for the next 10 years of the various segments and sub-segments of the Global Lithium Hexafluorophosphate Market

· To provide insights about factors affecting the market growth

· To Analyse the Global Lithium Hexafluorophosphate Market based on various factors- price analysis, supply chain analysis, porter’s five force analysis etc

· To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World (ROW)

· To provide country-level analysis of the market with respect to the current market size and future prospective

· To provide country-level analysis of the market for segment by product type and by applications

· To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market

· To track and analyse competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the Global Lithium Hexafluorophosphate Market

February 2024

American Salars Lithium Inc. (CSE: USLI, Frankfurt: Z3P) signed an option agreement with Spey Resources Corp. (“Spey”) and A.I.S Resources Limited. (“AIS”) to completely control the Candela II Lithium Brine Project. This project in the Incahuasi Salar, Salta Province, Argentina, strengthens American Salars' lithium portfolio.

WSP Australia Pty. Ltd. completed an NI 43-101-compliant mineral resource estimate (MRE) for the Candela II Lithium Brine Project. This research estimates that the project has 86,000 tonnes of lithium metal, or 457,500 tonnes of in-situ lithium carbonate equivalent. If no losses occur during extraction, the research predicts 48,000 tonnes of LCE from 9,000 tonnes of lithium metal.

Ekosolve Ltd., a leading Direct Lithium Extraction (DLE) company, tested extraction efficiency using 200 liters of brine from the Candela II project to determine the project's feasibility. Impressively, these tests extracted 93.2% lithium. The lithium concentration from hole 5 on Candela II was perfect for extraction, with solvents recovering over 99% in each cycle.

Market Synopsis of Lithium Hexafluorophosphate Market

Market Scenario

Increasing demand of batteries from the automotive industries has driven the market for Lithium Hexafluorophosphate. The Lithium Hexafluorophosphate is majorly used in the batteries; however, increasing demand from the parent company will automatically increase the demand for Lithium Hexafluorophosphate. The demand for Lithium Hexafluorophosphate in the US and Canada market is very high due to the large number of vehicle owners and in these region four wheeler vehicles are more preferred.  People now days prefer rechargeable batteries due to its high drain application, increased environmental and economic benefits, however, considering from the manufacturers’ side, they are having a huge opportunity to capture the market by increasing the production of Lithium Hexafluorophosphate.

Segments

The Global Lithium Hexafluorophosphate market has been segmented into product types and product applications. On the basis of product types, the global market is segmented into pitch based, PAN based and rayon based. And on the basis of applications, the global market is segmented into automotive industry, sports industry, construction industry, defense and aerospace, wind energy and others.

Regional Analysis of Lithium Hexafluorophosphate Market

The global Lithium Hexafluorophosphate market is accounted for $XX Billion in 2015 and is estimated to reach $XX Billion in 2027 with a calculated CAGR of XX% during the forecasted period.

Key Players

The key players present in the Global Lithium Hexafluorophosphate Market mainly includes FPC, Do-fluoride Chemicals, Tianjin Jinniu, Tinci, Jiujiujiu, Kanto Denka Kogyo, Foosung, Chuo-glass, Stella Chemifa, MORITA, Central Glass, Formosa Plastics and among others.

The reports also covers brief analysis of Geographical Region includes:

Americas

· North America

· US

· Canada

· Latin America

Europe

· Western Europe

· Germany

· France

· Italy

· Spain

· U.K

· Rest of Western Europe

· Eastern Europe

Asia – Pacific

· Asia

· China

· India

· Japan

· South Korea

· Rest of Asia

· Pacific

The Middle East& Africa

The market report for Lithium Hexafluorophosphate of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Lithium Hexafluorophosphate Market Industry Developments

• Q2 2024: Orbia Advance to Build North America’s First Lithium Hexafluorophosphate (LiPF6) Facility in Louisiana with $100 Million DOE Grant Orbia Advance announced the construction of North America's first LiPF6 production facility in St. Gabriel, Louisiana, supported by a $100 million grant from the U.S. Department of Energy to strengthen the domestic EV battery supply chain.
• Q2 2024: BASF and Foosung Announce Joint Venture for Lithium Hexafluorophosphate Production in China and U.S. BASF and South Korea’s Foosung Co. announced a joint venture to build and operate lithium hexafluorophosphate production plants in China and the United States, aiming to secure supply for battery manufacturers.
• Q3 2024: Guangzhou Tinci Advanced Materials Expands Lithium Hexafluorophosphate Production Capacity Guangzhou Tinci Advanced Materials announced the completion and commissioning of a new production line, increasing its annual LiPF6 output to meet rising demand from the global battery sector.
• Q1 2025: Morita Chemical Industries Launches High-Purity Lithium Hexafluorophosphate for Next-Gen Batteries Morita Chemical Industries introduced a new high-purity grade of lithium hexafluorophosphate designed for advanced lithium-ion battery applications, targeting electric vehicle and energy storage markets.
• Q2 2025: Merck KGaA Opens New Electrolyte Materials R&D Center in Germany Merck KGaA inaugurated a new research and development center focused on lithium hexafluorophosphate and other battery electrolyte materials to accelerate innovation for European battery manufacturers.
• Q2 2025: Stella Chemifa Announces Expansion of Lithium Hexafluorophosphate Plant in Japan Stella Chemifa revealed a major expansion of its Japanese LiPF6 facility, aiming to double production capacity by 2026 to address surging demand from the Asian electric vehicle market.
• Q1 2024: Central Glass Co. Ltd. Signs Long-Term Supply Agreement with Major EV Battery Manufacturer Central Glass Co. Ltd. entered into a multi-year contract to supply lithium hexafluorophosphate to a leading global electric vehicle battery producer, securing a stable revenue stream.
• Q3 2024: Mitsubishi Chemical Group Invests in New Lithium Hexafluorophosphate Production Line Mitsubishi Chemical Group announced a significant investment in a new LiPF6 production line at its Japanese facility, expected to boost output for domestic and international battery clients.
• Q2 2025: Lanxess AG Appoints New Head of Battery Chemicals Division Lanxess AG named a new executive to lead its battery chemicals division, including lithium hexafluorophosphate operations, as part of its strategy to expand in the energy storage sector.
• Q1 2025: ANHUI MEISENBAO TECHNOLOGY CO., LTD. Launches Automated LiPF6 Production Facility ANHUI MEISENBAO TECHNOLOGY CO., LTD. commenced operations at a fully automated lithium hexafluorophosphate plant, increasing efficiency and output for the growing battery market.
• Q2 2024: Hexa Fluor Chem Inc. Secures Major Contract to Supply LiPF6 to U.S. Battery Manufacturer Hexa Fluor Chem Inc. announced a new supply agreement with a prominent U.S. battery manufacturer, marking a significant win in the North American battery materials market.
• Q3 2025: FUJIFILM Wako Pure Chemical Corporation Expands LiPF6 Exports to Europe FUJIFILM Wako Pure Chemical Corporation reported a substantial increase in lithium hexafluorophosphate exports to European battery makers, responding to heightened demand from the region’s EV sector.

Attribute/Metric	Details
Market Size	2032: Significant Value
CAGR	2024-2032: Substantial CAGR
Base Year	2021
Forecast Period	2022 to 2032
Historical Data	2019 & 2020
Forecast Units	Value (USD Million)
Report Coverage	Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered	Applications
Geographies Covered	North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Vendors	FPC, Do-fluoride Chemicals, Tianjin Jinniu, Tinci, Jiujiujiu, Kanto Denka Kogyo, Foosung, Chuo-glass, Stella Chemifa, MORITA, Central Glass, Formosa Plastics
Key Market Opportunities	Increasing demand for rechargeable batteriesHigh drain application
Key Market Drivers	Increasing Demand for batteriesIncreased environmental and economic benefits