Lithium Hydride Market
                     Lithium Hydride Market is expected to reach US$ 400 billion by 2020, exhibiting a CAGR of 
41.4% over the forecast period
Lithium hydride is a salt-like white or gray crystalline powder, prepared by passing hydrogen gas 
over lithium metal and is majorly used in the preparation of lithium borohydride and lithium 
aluminum hydride. It has ha high melting point and is soluble with lithium borohydride, sodium 
hydride, and lithium fluoride. Lithium hydride reacts rapidly with low humid air forming lithium 
hydroxide, lithium oxide, and lithium carbonate.
Market Outlook
According to global lithium hydride market analysis, North America is projected to exhibit 
significant growth in the market in 2017. Owing to growing battery storage sector in the region, it is
expected to retain its position over the forecast period. According to U.S. Energy Information 
Administration (EIA), in the U.S., lithium ion accounted for around 80% of the installed power and 
energy capacity of large-scale battery storage in operation, in 2016.
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Market Taxonomy
On the basis of end-use industry, the lithium hydride market is segmented into:
• Energy
• Electronics and Electrical
• Chemical
• Others
Key Trends
Key players are focusing on adopting various inorganic growth strategies such as mergers and 
acquisitions, joint ventures, partnerships, and new product launches to strengthen their foothold in 
the global lithium hydride market. For instance, in January 2017, Albemarle Corporation, one of the
key players of lithium and lithium derivatives production, acquired Jiangxi Jiangli New Materials 
Science and Technology Co. Ltd that allows the company to supply lithium salts to strengthen its 
position in the lithium industry.
Major Keyplayers: Merck KGaA., Albemarle Corporation, Ganfeng Lithium Co., Ltd, Santa Cruz 
Biotechnology, Inc., Tianjin Daofu Chemical New Technology Development Co., Ltd., American 
Elements, and Parad Corporation Pvt Ltd.
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