Global Lithium Hydroxide Market Growth 2023-2029

Global Lithium Hydroxide Market Growth 2023-2029

Lithium hydroxide is a compound formed of the white, soft metal lithium bound to a hydroxide group with the formula LiOH. It is commercially available in anhydrous form free of chemical bonds to water, though it is a hygroscopic chemical by nature that is also sold in monohydrate form as LiOH H2O. The compound is used in a variety of industries with popular commercial demands for it in the manufacture of lithium batteries and as lithium hydroxide monohydrate to make lubricating greases.

LPI (LP Information)' newest research report, the “Lithium Hydroxide Industry Forecast” looks at past sales and reviews total world Lithium Hydroxide sales in 2022, providing a comprehensive analysis by region and market sector of projected Lithium Hydroxide sales for 2023 through 2029. With Lithium Hydroxide sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Lithium Hydroxide industry.

This Insight Report provides a comprehensive analysis of the global Lithium Hydroxide landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Lithium Hydroxide portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Lithium Hydroxide market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Lithium Hydroxide and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Lithium Hydroxide.

The global Lithium Hydroxide market size is projected to grow from US$ 517 million in 2022 to US$ 1073.1 million in 2029; it is expected to grow at a CAGR of 1073.1 from 2023 to 2029.

Global major companies profiled in the Lithium Hydroxide market include FMC, SQM, Rockwood, etc. Global top 3 companies account for nearly 50% of market share.

North America is the largest consumption region, which accounts for nearly 45% of the total share. It is followed by China and occupies for over 35% of the total. Besides, Europe, Japan and other regions also play important role in consumption market.

In terms of product, Battery Grade is the largest segment. And based on application, there are Lubricants, Consumer Electronics, Traffic and so on.

This report presents a comprehensive overview, market shares, and growth opportunities of Lithium Hydroxide market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Industrial Grade

Battery Grade

Others

Segmentation by application

Power Batteries

Consumer Batteries

Lubricating Greases

Other Applications

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Livent

SQM

Albemarle

Jiangxi Ganfeng Lithium

Yahua Group

Tianqi Lithium

Weihua Group

Yibin Tianyi Lithium Industry

General Lithium

Shenzhen Chengxin Lithium Group

Key Questions Addressed in this Report

What is the 10-year outlook for the global Lithium Hydroxide market?

What factors are driving Lithium Hydroxide market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Lithium Hydroxide market opportunities vary by end market size?

How does Lithium Hydroxide break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.