Lithium Hydroxide Market -Forecast (2022-2027)

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Lithium Hydroxide MarketMarket size, Industry
outlook, Market Forecast, Demand Analysis, Market
Share, Market Report 2022-2027
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• Lithium hydroxide market size is forecast to
  reach US2.6 billion by 2027, after growing at a
  CAGR of 8.2 during 2022-2027. Lithium hydroxide
  is manufactured industrially through a metathesis
  reaction between lithium carbonate and calcium
  hydroxide, which does not feature a hydrogen bond
  network.
• Globally, the increasing usage of monohydrate
  anhydrous lithium hydroxide powder as a thickener
  in lubricating greases is estimated to fuel the
  market over the forecast period.
• In addition, the growing demand for electric
  vehicles that use lithium batteries, as well as
  the increasing demand for power tools that use
  lithium hydroxide NCA cathode, are major factors
  driving the market growth.

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• Key Takeaways
• The Asia-Pacific region dominated the lithium
  hydroxide market due to the rising growth of the
  automotive industry. For instance according to
  the International Trade Administration, the
  commercial vehicle sales increased by 20 year
  over year to 5.23 million units in 2021.
• An increase in demand for lithium batteries as a
  replacement to gasoline in a variety of
  applications is one of the primary factors
  driving the growth of the lithium hydroxide
  market.
• In the foreseeable future, the rising production
  of lithium hydroxide is estimated to raise the
  growth of the market.

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Lithium Hydroxide Market Segment Analysis By
Geography Asia-Pacific region dominated the
lithium hydroxide market with a share of 55 in
2021. The market in the region is witnessing
expansions with the rising production of lithium
hydroxide in emerging economies such as China,
Japan, and South Korea. According to the
Australian Trade and Investment Commission, China
dominates the global lithium hydroxide
production. There are 17 Chinese refineries that
produce lithium carbonate, lithium hydroxide, and
lithium chloride, which are the precursors to
lithium-ion battery cathode materials.
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• Lithium Hydroxide Industry Outlook
• Ganfeng Lithium Co., Ltd.
• Albemarle Corporation
• SQM S.A.
• HELM AG
• Leverton-Clarke Speciality Chemicals
• Haoxin Liyan
• Brivo
• Sichuan Yahua
• Vulcan
• Standard Lithium Ltd

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Lithium Hydroxide Market- Forecast (
2022-2027) Learn More About the Report _at_
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oxide-Market-Research-509437
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• Analyst Briefing
• Data Tables
• Key Contacts
• Free Customization
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