Lithium Hydroxide
                     Lithium Hydroxide Market Competitive Analysis, Upcoming Demand And Growth Forecast 
2018 To 2026
Market Overview
Lithium Hydroxide (LiOH) is an inorganic compound that is insoluble in water and partially soluble
in ethanol. It is commercially available as a monohydrate (LiOH.H2O) and in anhydrous form, both
of which are strong bases. On the basis of purity level, it is also available in battery grade and 
technical grade. Lithium hydroxide is manufactured by means of a metathesis reaction between 
calcium hydroxide and lithium carbonate and it finds extensive use in battery manufacturing and as 
an industrial lubricant. Owing to improved properties of lithium hydroxide, as compared to other 
concentrates, it is mostly preferred in new battery technologies. Besides, there is a potential market 
for lithium hydroxide in rechargeable battery manufacturing. The compound is also majorly used in 
production of industrial greases such as lithium stearate, a popular lubricating grease that offers 
excellent thermal resistance.
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Market Dynamics
Rapid economic development in countries such as China and India is expected to drive demand for 
multi-purpose grease, which in turn, is expected to fuel revenue growth in the global lithium 
hydroxide market. Also, growing industrialization across the world is expected to evoke demand for
power tools, which requires NCA cathode, made from lithium hydroxide. Besides, rising global 
demand for electric vehicles is anticipated to boost consumption of lithium hydroxide over the 
forecast period (2016-2024). Furthermore, rising solar PV installations across the world coupled 
with an increasing demand for high storage capacity batteries is driving the lithium hydroxide 
market, and simultaneously driving revenues for existing stakeholders. The market is governed by 
various regulatory bodies such as International Civil Aviation Organization (ICAO), Technical 
Instructions and corresponding International Air Transportation Association (IATA), Dangerous 
Goods Regulations and International Maritime Dangerous Goods (IMDG) Code, with regulations 
mainly pertaining to transportation of primary lithium.
Lithium Hydroxide Market Taxonomy
By End-user Industry
On the basis of end-user industry the global market is classified into:
•Consumer Electronics
•Energy Storage
•Transportation
•Others (Dyestuffs and Adhesives, etc.)
By Application
On the basis of application the global market is classified into:
•Lubricant Grease
•Batteries
•Chemical Synthesis
•Glass & Ceramics
•Carbon dioxide Scrubbing
•Others (Portland Cement, etc.)
Some of the companies operating in the global lithium hydroxide market are FMC Corporation, 
Sociedad Quimica Minera (SQM), Jiangxi Ganfeng Lithium, Albemarle Lithium, Shandong Ruifu 
Lithium, Jiangxi Dongpeng New Materials Co. ltd., Sichuan Brivo lithium Materials Co. ltd., 
Leverton Lithium, Rockwood, Tianqi Lithium, etc.
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