Press release
Global Lithium Hydroxide Market to Witness a Pronounce Growth During 2023
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.
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Global Lithium Hydroxide Market: Forecast by Type / Application / Region
The major raw materials for lithium hydroxide monohydrate are Lithium ore, HCl and others. Fluctuations in the price of the upstream product will impact on the production cost of lithium hydroxide monohydrate, and then impact the price of lithium hydroxide monohydrate. Additionally, the quality of raw materials would also impact the quality of lithium hydroxide monohydrate.
We tend to believe this industry is a rising industry, and the consumption increasing degree will show a smooth growth curve. And the price presents a downward trend according to the economy development status. Also, there will be fluctuation in gross margin.
Over the next five years, LPI(LP Information) projects that Lithium Hydroxide will register a 10.3% CAGR in terms of revenue, reach US$ 570 million by 2023, from US$ 350 million in 2017.
Global Lithium Hydroxide Market: Key Players
FMC
SQM
Rockwood
Simbol
Tianqi Lithium
Jiangxi Ganfeng Lithium
Zhonghe
GRM
HAOXIN LIYAN
General Lithium
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Related Information:
United States Lithium Hydroxide Market Research Report 2018
Europe Lithium Hydroxide Market Research Report 2018
North America Lithium Hydroxide Market Research Report 2018
Asia-Pacific Lithium Hydroxide Market Research Report 2018
China Lithium Hydroxide Market Research Report 2018
EMEA Lithium Hydroxide Market Research Report 2018
Global Lithium Hydroxide Market Research Report 2018
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