Lithium Hydroxide Market 2018 | Potential Growth, Size & Share, Demand and Analysis of Key Players- Forecasts To 2023

26/lug/2018 07:51:25 Market Research Future Contatta l'autore

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Market Overview: 

Lithium Hydroxide is used in a wide variety of applications, as it is offered by thermal resistance, durability, and minimal maintenance to the product. Thus, they are used in various applications such as batteries, glass, grease, air conditioning equipment, and others. The Global Lithium Hydroxide Marketis spanned across five regions of the world, Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Asia Pacific holds the major share of the global market for batteries, glass, grease, air conditioning equipment, and others. CAGR in the market to increase the performance and increase the life cycle of the product. Moreover, increasing demand for lightweight materials in the glass and ceramics sectors is likely to witness rapid growth during the forecast period. These factors have led China, India, and Japan to be the major players of this region.

Consumption of metal in lithium-ion batteries, glass, grease, and others. The US, Canada, and Mexico have achieved a significant place in the market. Therefore, the growing demand for air-conditioning and energy storage systems made from lithium are estimated to drive the market during the forecast period. 

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In addition to the growing demand for light weight metal in batteries, glass, grease, air conditioning equipment, and others. The rapid urbanization coupled with technology has propelled the market to witness to higher growth. Thus, countries such as Germany, the UK, and Italy are the major contributors to this market.

A development is predicted in the Latin American region, such as in Brazil, Uruguay, and Argentina, two to the growing consumption of lithium in major industries. Moreover, a rapid development is estimated in the Middle East & African region such as Qatar, the UAE, and others due to increasing demand for lithium hydroxide in smartphones, tablets, iPods and other gadgets. 

Segmentation

The Global Lithium Hydroxide Market is segmented into application and end-use. On the basis of the application, the market is subdivided into batteries, ceramic glass, lubricant grease, and air-conditioning segments. Automotive, electrical & electronics, marine, aerospace, and others. 

Competitive Analysis 

Some of the well-known players in the Global Lithium Hydroxide Market are Albemarle Corporation (US), SQM (Chile), FMC Lithium (US), Tianqi Lithium Corporation (China), Jiangxi Ganfeng Lithium Co., Ltd. (China) , LITHIUM AMERICAS (Canada), MGX Minerals Inc. (Canada), Nemaska ​​Lithium (Canada), Galaxy Resources Limited (Australia), and Wealth Minerals Ltd (Canada), among others. 

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