Lithium Chloride Market By Type (Lithium Chloride Hydrate, Lithium Chloride Anhydrous, Others), By Application (Batteries, Air Treatment, Others), By End-use Industry (Electronics, Automotive, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031
The lithium chloride market was valued at $1.7 billion in 2021, and is projected to reach $3.2 billion by 2031, growing at a CAGR of 6.8% from 2022 to 2031.
Lithium chloride can be produced for rechargeable batteries for mobile phones, laptops, digital cameras and electric vehicles. Lithium is also used in some non-rechargeable batteries for things such as heart pacemakers, toys and clocks. Major application industries of lithium chloride are batteries, air treatment, and others. The global production capacity of lithium chloride batteries is thus expected to expand the market.
For the purpose of analysis, the global lithium chloride market scope covers segments based on type, application, end-use industry, and region. The report outlines the details about lithium chloride type including lithium chloride hydrate, lithium chloride anhydrous and others. The use of lithium chloride in various end-use industries, including electronics, automotive, and others are analyzed in the report. Moreover, it analyzes the current market trends of lithium chloride across different regions such as North America, Europe, Asia-Pacific, and LAMEA and suggests the future growth opportunities.
The growth drivers, restraints, and opportunities are explained in the report to better understand the market dynamics. This report further highlights the key areas of investment. In addition, it includes Porter’s five forces analysis to understand the competitive scenario of the industry and role of each stakeholder. Value chain analysis for this industry, which includes R&D, components manufacturers, assembly, programming & testing, marketing & sales, customers, and post-sales services, is explained. The report features the strategies adopted by key market players to maintain their foothold in the market. Furthermore, it highlights the competitive landscape of the key players to increase their market share and sustain intense competition in the industry.
In addition, the report covers profiles of key industry participants such as Alfa Aesar, American Elements, Albemarle Corporation, FMC Corporation, Glentham Life Sciences, Harshil Industries, Honeywell International Inc, Levertonhelm Ltd, Nippon Chemical Industries, Suzhou Huizhi Lithium Energy Material Co. Ltd, Sichuuan Brivo Lithium Materials Co. Ltd, Tokyo Chemicals, SQM S.A, Loba Chemie, and Mody Pharma.
Key Benefits For Stakeholders
This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the lithium chloride market analysis from 2021 to 2031 to identify the prevailing lithium chloride market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the lithium chloride market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global lithium chloride market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
Lithium Chloride Hydrate
Lithium Chloride Anhydrous
Others
By Application
Batteries
Air Treatment
Others
By End-use Industry
Electronics
Automotive
Others
By Region
North America
U.S.
Canada
Mexico
Europe
Germany
France
UK
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
South Africa
Rest of LAMEA
Key Market Players
Alfa Aesar
AMERICAN ELEMENTS
Albemarle Corporation
FMC Corporation
GLENTHAM LIFE SCIENCES
HARSHIL INDUSTRIES
Honeywell International Inc.
LEVERTON HELM LTD
Nippon Chemical Industries Co. Ltd
Suzhou Huizhi Lithium Energy Material Co. Ltd
Sichuuan Brivo Lithium Materials Co. Ltd
TOKYO CHEMICALS
SQM S.A
LOBA CHEMIE
MODY CHEMI PHARMA LTD
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