Lithium Hydroxide Market Research Report- Forecast to 2023

Global Lithium Hydroxide Market Research Report: By Application (Batteries, Ceramic Glass, Lubricant Grease, Air-Conditioning), End-Use (Automotive, Electrical & Electronics, Marine, Aerospace) – Forecast Till 2023

ID: MRFR/CnM/0482-HCR | February 2021 | Region: Global | 138 pages

Synopsis of Lithium hydroxide Market


Lithium hydroxide is a white hygroscopic crystalline organic compound. It is obtained in anhydrous form, as a monohydrate (LiOH.H2O) base. These monohydrate bases are termed as strong bases. It is soluble in water but not in ethanol and others. Moreover, its high energy density, thermal resistance, long durability, and minimal maintenance are the important trends and factors influencing the market confidently. Therefore, they are used in various end-use industries such as automotive, electrical & electronics, marine, aerospace, and others.


Lithium hydroxide is manufactured from various sources such as brines, and petroleum hard rocks. The brines is the most common source where lithium hydroxide is produced. Due to its economic nature, the manufacturers in various countries have developed their own production of lithium hydroxide. Among the various segments in lithium hydroxide market, the batteries segment is projected to expand at a significant rate due to extensive consumption of the compound in the production of lithium-ion (Li-Ion) batteries, hybrid and electric vehicles (H/EVs), energy storage systems, and others. It is estimated that the increasing demand for the compound in greases, ceramic glass, and air-conditioning equipment are projected to drive the market due to its reduced weight and enhanced strength offered by the product. The market by the end-use is further classified into automotive, electrical & electronics, marine, aerospace, and others. Among these, the electrical & electronics segment holds the major portion of the market on account of growing use of the product in the industry. Moreover, the increasing use of lithium hydroxide in gas purification systems in various sectors such as marine, aerospace, and others are propelled to drive the market over the assessment period.


The Global Lithium Hydroxide Market share by application


 lithium hydroxide


Source: MRFR analysis


Regional Analysis 


The Lithium hydroxide market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the major share of the market due to the growing adoption of lightweight metal in batteries, glass, grease, air conditioning equipment, and others. The batteries segment holds the major portion and is anticipated to continue its dominance in the market due to extraordinary features offered such as high efficiency, energy density, and other characteristics. Therefore, countries such as China, Japan, South Korea, and India are the major players in this market.


The North American region is growing significantly due to growing production of lithium-ion batteries in electrical & electronics industries. It is predicted that growing investments in the end-use industries such as automotive, aerospace, and others are likely to drive the market during the forecast period. The growing consumption of the compound in glass, grease, and air conditioning equipment segments has propelled its growth in countries such as the U.S., Canada, and Mexico to achieve a stunning growth in the market because they provide unique lightweight, thermal resistance, and high standard performance to the product.


The European market has observed a remarkable growth due to stringent rules and regulations implemented by the regional governments to follow lightweight products in end-use industries. The market has been driven by the application of this rule in various segments such as batteries, glass, grease, and air conditioning equipment. It is estimated that the growing innovation and technological advancement in lithium-ion batteries, and other products are predicted to propel the growth in countries such as the U.K, Italy, Germany, and France during the forecast period.


The Middle East & Africa region is estimated to witness a recognized development in the market due to the growing consumption of low-density materials in smartphones, tablets, and other electronic gadgets Moreover, Latin America is anticipated to witness a higher growth in the market due to increasing demand for lithium hydroxide in the end-use industries.


Segmental Analysis


The global lithium hydroxide market is segmented into application and end-use. On the basis of the application, the market is segregated into batteries, ceramic glass, lubricant grease, and air-conditioning segments. The market by the end-use is further categorized into automotive, electrical & electronics, marine, aerospace, and others.


Key Players


Some of the prominent players operating in the global lithium hydroxide market are Albemarle Corporation (U.S.), SQM (Chile), FMC Lithium (U.S.), Tianqi Lithium Corporation (China), Jiangxi Ganfeng Lithium Co., Ltd. (China), LITHIUM AMERICAS (Canada.), MGX Minerals Inc (Canada), Nemaska Lithium (Canada), Galaxy Resources Limited (Australia), and Wealth Minerals Ltd (Canada), among others.


Geographical Analysis


The report covers brief analysis of the major geographic regions namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa.


Intended Audience



  • Lithium hydroxide  market manufacturers

  • Traders and Distributors of Lithium hydroxide  market

  • Production Process Industries

  • Potential Investors

  • Raw Material Suppliers

  • Nationalized Laboratory 



Frequently Asked Questions (FAQ) :


Major applications of lithium hydroxide include batteries, glass, grease, air-conditioning equipment, and others.

Lithium hydroxide is soluble in ionic solvents such as water, but not in organic solvents such as ethanol.

The growing demand for electrical batteries in automotive and electronics applications is likely to be the major driver for the global lithium hydroxide market over the forecast period.

The electrical and electronics industry is likely to remain the major end user of lithium hydroxide over the forecast period.

Asia Pacific holds the largest share in the global lithium hydroxide market due to the growing electronics industry in the region.

TABLE OF CONTENTS

1 Executive Summary

2 Scope of the Report

2.1 Market Definition

2.2 Scope of the Study

2.2.1 Research Objectives

2.2.2 Assumptions & Limitations

2.3 Markets Structure

3 Market Research Methodology

3.1 Research Process

3.2 Secondary Research

3.3 Primary Research

3.4 Forecast Model

4 Market Landscape

4.1 Five Forces Analysis

4.1.1 Threat of New Entrants

4.1.2 Bargaining power of buyers

4.1.3 Threat of substitutes

4.1.4 Segment rivalry

4.2 Value Chain/Supply Chain of Global Lithium Hydroxide Market

5 Industry Overview of Global Lithium Hydroxide Market

5.1 Introduction

5.2 Growth Drivers

5.3 Impact analysis

5.4 Market Challenges

6 Market Trends

6.1 Introduction

6.2 Growth Trends

6.3 Impact analysis

7. Global Lithium Hydroxide Market by Application

7.1 Introduction

7.2 Batteries

7.2.1 Market Estimates & Forecast, 2017-2023

7.2.2 Market Estimates & Forecast by Region, 2017-2023

7.3 Ceramic glass

7.3.1 Market Estimates & Forecast, 2017-2023

7.3.2 Market Estimates & Forecast by Region, 2017-2023

7.4 Lubricant grease

7.4.1 Market Estimates & Forecast, 2017-2023

7.4.2 Market Estimates & Forecast by Region, 2017-2023

7.5 Air-conditioning

7.5.1 Market Estimates & Forecast, 2017-2023

7.5.2 Market Estimates & Forecast by Region, 2017-2023

8. Global Lithium Hydroxide Market by End-use

8.1 Introduction

8.2 Automotive

8.2.1 Market Estimates & Forecast, 2017-2023

8.2.2 Market Estimates & Forecast by Region, 2017-2023

8.3 Electrical & electronics

8.3.1 Market Estimates & Forecast, 2017-2023

8.3.2 Market Estimates & Forecast by Region, 2017-2023

8.4 Marine

8.4.1 Market Estimates & Forecast, 2017-2023

8.4.2 Market Estimates & Forecast by Region, 2017-2023

8.5 Aerospace

8.5.1 Market Estimates & Forecast, 2017-2023

8.5.2 Market Estimates & Forecast by Region, 2017-2023

8.6 Others

8.6.1 Market Estimates & Forecast, 2017-2023

8.6.2 Market Estimates & Forecast by Region, 2017-2023

9. Global Lithium Hydroxide Market by Region

9.1 Introduction

9.2 North America

9.2.1 Market Estimates & Forecast, 2017-2023

9.2.2 Market Estimates & Forecast by Application, 2017-2023

9.2.3 Market Estimates & Forecast by End-use, 2017-2023

9.2.4 US

9.2.4.1 Market Estimates & Forecast, 2017-2023

9.2.4.2 Market Estimates & Forecast by Application, 2017-2023

9.2.4.3 Market Estimates & Forecast by End-use, 2017-2023

9.2.5 Canada

9.2.5.1 Market Estimates & Forecast, 2017-2023

9.2.5.2 Market Estimates & Forecast by Application, 2017-2023

9.2.5.3 Market Estimates & Forecast by End-use, 2017-2023

9.2.6 Mexico

9.2.6.1 Market Estimates & Forecast, 2017-2023

9.2.6.2 Market Estimates & Forecast by Application, 2017-2023

9.2.6.3 Market Estimates & Forecast by End-use, 2017-2023


9.3 Europe

9.3.1 Market Estimates & Forecast, 2017-2023

9.3.2 Market Estimates & Forecast by Application, 2017-2023

9.3.3 Market Estimates & Forecast by End-use, 2017-2023

9.3.4 Germany

9.3.4.1 Market Estimates & Forecast, 2017-2023

9.3.4.2 Market Estimates & Forecast by Application, 2017-2023

9.3.4.3 Market Estimates & Forecast by End-use, 2017-2023

9.3.5. France

9.3.5.1 Market Estimates & Forecast, 2017-2023

9.3.5.2 Market Estimates & Forecast by Application, 2017-2023

9.3.5.3 Market Estimates & Forecast by End-use, 2017-2023

9.3.6 Italy

9.3.6.1 Market Estimates & Forecast, 2017-2023

9.3.6.2 Market Estimates & Forecast by Application, 2017-2023

9.3.6.3 Market Estimates & Forecast by End-use, 2017-2023


9.3.7 U.K

9.3.7.1 Market Estimates & Forecast, 2017-2023

9.3.7.2 Market Estimates & Forecast by Application, 2017-2023

9.3.7.3 Market Estimates & Forecast by End-use, 2017-2023

9.3.8 Rest of Europe

9.3.8.1 Market Estimates & Forecast, 2017-2023

9.3.8.2 Market Estimates & Forecast by Application, 2017-2023

9.3.8.3 Market Estimates & Forecast by End-use, 2017-2023

9.4 Asia Pacific

9.4.1 Market Estimates & Forecast, 2017-2023

9.4.2 Market Estimates & Forecast by Application, 2017-2023

9.4.3 Market Estimates & Forecast by End-use, 2017-2023

9.4.4 China

9.4.4.1 Market Estimates & Forecast, 2017-2023

9.4.4.2 Market Estimates & Forecast by Application, 2017-2023

9.4.4.3 Market Estimates & Forecast by End-use, 2017-2023


9.4.5 India

9.4.5.1 Market Estimates & Forecast, 2017-2023

9.4.5.2 Market Estimates & Forecast by Application, 2017-2023

9.4.5.3 Market Estimates & Forecast by End-use, 2017-2023

9.4.6 Japan

9.4.6.1 Market Estimates & Forecast, 2017-2023

9.4.6.2 Market Estimates & Forecast by Application, 2017-2023

9.4.6.3 Market Estimates & Forecast by End-use, 2017-2023


9.4.7 Rest of Asia Pacific

9.4.7.1 Market Estimates & Forecast, 2017-2023

9.4.7.2 Market Estimates & Forecast by Application, 2017-2023

9.4.7.3 Market Estimates & Forecast by End-use, 2017-2023

9.5 The Middle East & Africa

9.5.1 Market Estimates & Forecast, 2017-2023

9.5.2 Market Estimates & Forecast by Application, 2017-2023

9.5.3 Market Estimates & Forecast by End-use, 2017-2023

9.5.4 Saudi Arabia

9.5.4.1 Market Estimates & Forecast, 2017-2023

9.5.4.2 Market Estimates & Forecast by Application, 2017-2023

9.5.4.3 Market Estimates & Forecast by End-use, 2017-2023

9.5.5 Qatar

9.5.5.1 Market Estimates & Forecast, 2017-2023

9.5.5.2 Market Estimates & Forecast by Application, 2017-2023

9.5.5.3 Market Estimates & Forecast by End-use, 2017-2023


9.5.6 North Africa

9.5.6.1 Market Estimates & Forecast, 2017-2023

9.5.6.2 Market Estimates & Forecast by Application, 2017-2023

9.5.6.3 Market Estimates & Forecast by End-use, 2017-2023

9.5.7 GCC

9.5.7.1 Market Estimates & Forecast, 2017-2023

9.5.7.2 Market Estimates & Forecast by Application, 2017-2023

9.5.7.3 Market Estimates & Forecast by End-use, 2017-2023

9.5.8 Rest of the Middle East & Africa

9.5.8.1 Market Estimates & Forecast, 2017-2023

9.5.8.2 Market Estimates & Forecast by Application, 2017-2023

9.5.8.3 Market Estimates & Forecast by End-use, 2017-2023

9.6 Latin America

9.6.1 Market Estimates & Forecast, 2017-2023

9.6.2 Market Estimates & Forecast by Application, 2017-2023

9.6.3 Market Estimates & Forecast by End-use, 2017-2023

9.6.4 Brazil

9.6.4.1 Market Estimates & Forecast, 2017-2023

9.6.4.2 Market Estimates & Forecast by Application, 2017-2023

9.6.4.3 Market Estimates & Forecast by End-use, 2017-2023

9.6.5 Argentina

9.6.5.1 Market Estimates & Forecast, 2017-2023

9.6.5.2 Market Estimates & Forecast by Application, 2017-2023

9.6.5.3 Market Estimates & Forecast by End-use, 2017-2023

9.6.6 Rest of Latin America

9.6.6.1 Market Estimates & Forecast, 2017-2023

9.6.6.2 Market Estimates & Forecast by Application, 2017-2023

9.6.6.3 Market Estimates & Forecast by End-use, 2017-2023

10. Company Landscape

11. Company Profiles

11.1 Albemarle Corporation

11.1.1 Company Overview

11.1.2 Application/Business Segment Overview

11.1.3 Financial Updates

11.1.4 Key Developments

11.2 BASF SE

11.2.1 Company Overview

11.2.2 Application/Business Segment Overview

11.2.3 Financial Updates

11.2.4 Key Developments

11.3 Honeywell International Inc.

11.3.1 Company Overview

11.3.2 Application/Business Segment Overview

11.3.3 Financial Updates

11.3.4 Key Developments

11.4 Clariant

11.4.1 Company Overview

11.4.2 Application/Business Segment Overview

11.4.3 Financial Updates

11.4.4 Key Developments

11.5 W. R. Grace & Co.-Conn.

11.5.1 Company Overview

11.5.2 Application/Business Segment Overview

11.5.3 Financial Updates

11.5.4 Key Developments

11.6 Tosoh Corporation

11.6.1 Company Overview

11.6.2 Application/Business Segment Overview

11.6.3 Financial Updates

11.6.4 Key Developments

11.7 Union Showa K.K.

11.7.1 Company Overview

11.7.2 Application/Business Segment Overview

11.7.3 Financial Updates

11.7.4 Key Developments

11.8 Zeochem AG

11.8.1 Company Overview

11.8.2 Application/Business Segment Overview

11.8.3 Financial Updates

11.8.4 Key Developments

11.9 Arkema S.A.

11.9.1 Company Overview

11.9.2 Application/Business Segment Overview

11.9.3 Financial Updates

11.9.4 Key Developments

11.10 Zeolyst International

11.10.1 Company Overview

11.10.2 Application/Business Segment Overview

11.10.3 Financial Updates

11.10.4 Key Developments

11.11 Huiying Chemical Industry (Quanzhou) Co., Ltd

11.11.1 Company Overview

11.11.2 Application/Business Segment Overview

11.11.3 Financial Updates

11.11.4 Key Developments

11.12 Chemiewerk Bad Köstritz GmbH.

11.12.1 Company Overview

11.12.2 Application/Business Segment Overview

11.12.3 Financial Updates

11.12.4 Key Developments

11.13 National Aluminium Company Limited (NALCO)

11.13.1 Company Overview

11.13.2 Application/Business Segment Overview

11.13.3 Financial Updates

11.13.4 Key Developments

11.14 Pq Corporation

11.14.1 Company Overview

11.14.2 Application/Business Segment Overview

11.14.3 Financial Updates

11.14.4 Key Developments

11.15 Sorbead India

11.15.1 Company Overview

11.15.2 Application/Business Segment Overview

11.15.3 Financial Updates

11.15.4 Key Developments

12 Conclusion

LIST OF TABLES


Table 1 World Population by Major Regions (2017 to 2030)

Table 2 Global Lithium Hydroxide Market: By Region, 2017-2023

Table 3 North America Lithium Hydroxide Market: By Country, 2017-2023

Table 4 Europe Lithium Hydroxide Market: By Country, 2017-2023

Table 5 Asia Pacific Lithium Hydroxide Market: By Country, 2017-2023

Table 6 The Middle East & Africa Lithium Hydroxide Market: By Country, 2017-2023

Table 7 Latin America Lithium Hydroxide Market: By Country, 2017-2023

Table 8 Global Lithium Hydroxide by Application Market: By Regions, 2017-2023

Table 9 North America Lithium Hydroxide by Application Market: By Country, 2017-2023

Table10 Europe Lithium Hydroxide by Application Market: By Country, 2017-2023

Table11 Asia Pacific Lithium Hydroxide by Application Market: By Country, 2017-2023

Table12 The Middle East & Africa Lithium Hydroxide by Application Market: By Country, 2017-2023

Table13 Latin America Lithium Hydroxide by Application Market: By Country, 2017-2023

Table14 Global Lithium Hydroxide by End-use Market: By Regions, 2017-2023

Table15 North America Lithium Hydroxide by End-use Market: By Country, 2017-2023

Table16 Europe Lithium Hydroxide by End-use Market: By Country, 2017-2023

Table17 Asia Pacific Lithium Hydroxide by End-use Market: By Country, 2017-2023

Table18 The Middle East & Africa Lithium Hydroxide by End-use Market: By Country, 2017-2023

Table19 Latin America Lithium Hydroxide by End-use Market: By Country, 2017-2023

Table20 Global Application Market: By Region, 2017-2023

Table21 Global Application Market: By Region, 2017-2023

Table22 North America: Lithium Hydroxide Market, By Country

Table23 North America: Lithium Hydroxide Market, By Application

Table24 North America: Lithium Hydroxide Market, By End-use

Table25 Europe: Lithium Hydroxide Market, By Country

Table26 Europe: Lithium Hydroxide Market, By Application

Table27 Europe: Lithium Hydroxide Market, By End-use

Table28 Asia Pacific: Lithium Hydroxide Market, By Country

Table29 Asia Pacific: Lithium Hydroxide Market, By Application

Table30 Asia Pacific: Lithium Hydroxide Market, By End-use

Table31 The Middle East & Africa: Lithium Hydroxide Market, By Country

Table32 The Middle East & Africa: Lithium Hydroxide Market, By Application

Table33 The Middle East & Africa: Lithium Hydroxide Market, By End-use

Table34 Latin America: Lithium Hydroxide Market, By Country

Table35 Latin America: Lithium Hydroxide Market, By Application

Table36 Latin America: Lithium Hydroxide Market, By End-use


LIST OF FIGURES


FIGURE 1 Global Lithium Hydroxide market segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Five Forces Analysis of Global Lithium Hydroxide Market

FIGURE 4 Value Chain of Global Lithium Hydroxide Market

FIGURE 5 Share of Global Lithium Hydroxide Market in 2017, by country (in %)

FIGURE 6 Global Lithium Hydroxide Market, 2017-2023,

FIGURE 7 Sub segments of Application

FIGURE 8 Global Lithium Hydroxide Market size by Application, 2017

FIGURE 9 Share of Global Lithium Hydroxide Market by Application, 2017 to 2023

FIGURE 10 Global Lithium Hydroxide Market size by End-use, 2017

FIGURE 11 Share of Global Lithium Hydroxide Market by End-use, 2017 to 2023